National Affairs: A Constitutional Monarchy

The proposed separation of the Emergency Fleet Corporation and the Shipping Board (TIME, Jan. 14) was carried out, in modified form. Admiral Leigh C. Palmer was formally made President of the Corporation, at a salary of $25,000 a year, with power to operate the Government's fleet and full authority over the personnel of the Corporation.

This operation was carried out by a resolution of the Board delegating its powers to the Corporation. President Coolidge approved. Admiral Palmer approved, but made it plain that his approval was limited.

The reason that the Admiral was not satisfied...

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