The U. S. had 15,377,480 gross tonnage of ships afloat last year. This was the bottom of a steady decline since the 1921 peak of 17,026,002 tons, although practically twice that of 1917—8,871,037 tons.
Last week 57,000 tons more went overboard through the sale by William Averell Harriman's United American Line of the Resolute, Reliance and Cleveland to the Hamburg-American Line. This will give Germany a gross merchant tonnage of 3,130,713, practically where she was in 1917 and not far below her 1919 registry, which the Allies...
To continue reading:
or
Log-In
