SHIPPING: Expensive Elephants

1917 . . . $ 100,000

1918 . . . 1,040,000,000

1919 . . . 1,806,701,000

1920 . . . 356,500,000

1921 . . . 70,000,000

1922 . . . 61,000,000

1923 . . . 100,000,000

$3,434,301,000

Those were some of the sums appropriated by Congress for the use of the Merchant Fleet Corp., a quasi-public body instituted in Wartime to build ships to carry soldiers, food and munitions overseas. When the War ceased, the corporation had to pay its bills, to settle with shipbuilders for cancelled contracts. Then its job was to operate the...

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