Transport: Maritime Authority

The U. S. Merchant Marine is a classic U. S. industrial example of the smalltown boy who did not make good in the big city. A century ago the famed clippers sailed out of Salem, Newburyport, Baltimore to capture the oceans of the world for two decades, carry 90%, of U. S. trade. By 1914 the U. S. Merchant Marine was carrying less than 10% of U. S. trade. Since the War it has been kept afloat only by constant Government help. Last week, when President Roosevelt signed the Merchant Marine Act of...

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