"Buy a fleet and get a mail contract thrown in." To that effect was the high-pressure sales-talk of the U. S. Shipping Board when it advertised its merchant ships. Lured by the lucrative lagniappe, the United States Lines, the Mississippi Shipping Co. and several other corporations contracted to buy fleets and straightway confidently filed applications for mail contracts. The fleets were handed over promptly, but the mail contracts, purporting to "foster U. S. shipping," lingered on.

Last month Postmaster-General Walter Folger Brown, perusing a roseate stock-selling prospectus of the United States Lines,...

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