SHIPPING .: Pandora's Box


On the day set the Shipping Board opened the bids submitted for the sale of all its vessels, and found that, like Pandora's box, they contained many troubles and a ray of hope. There were only about 20 bids. Of that number, four at first sight seemed fairly satisfactory; about the same number, as Chairman Lasker expressed it, were in "the twilight zone"; there was one freak bid of $1,000,000,000 for the entire fleet; and a dozen or so bids that seemed manifestly unsatisfactory.

A committee of the Board at once opened conferences in Manhattan with...

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