An air of expectancy pervaded the offices of the U. S. Shipping Board in Manhattan last week. Chairman Thomas Ventry O'Connor was awaiting bids to settle the destiny of the great, long-troubled U. S. Lines (TIME, Aug. 17). On Thursday the 13th two bids were received, and after they were examined it was apparent there was no use waiting until deadline of the 15th at midnight, for all competent U. S. shipping interests were mobilized on opposite sides of those two bids.
On one side stood Philip Albright Small Franklin and his International Mercantile...
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