One of the stock arguments of the advocates of a big U. S. navy is the damage that would be done to U. S. industry if a hostile fleet should reduce the Manhattan skyline to a horizontal position. Statistics indicating somewhat the size of this damage were last week released by the Manhattan Merchants' Association, Quoting from the 1927 Federal Census of Manufacturers, the Merchants' Association stated that in 1927 factories in New York City produced 9% of the total U. S. 1927 output. New York factories turned out nearly six billion dollars' worth...
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