SHIPPING .: Pandora's Box

SHIPPING

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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