Business & Finance: Shipping Chapter

The protracted dickering over who shall rehabilitate U. S. Lines and complete the process of getting the Government out of the shipping business (TIME, June 29 ct seq.) continued all last week. Chief developments were: 1) a hitherto untold chapter of U. S. shipping history; 2) an apparent shift of advantage between the dickerers, an advantage for President Philip Albright Small Franklin of Roosevelt- International Mercantile Marine Co. over President Paul Wadsworth Chapman of U. S. Lines and his new backers from the Pacific Coast, Robert Stanley Dollar and Kenneth Thomas Dawson.

Two weeks...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!