Business: Public Bath

On the west bank of the broad estuary of the Kennebec River is Bath, Me., "City of Ships." There in 1607 was launched the first ship built in North America. There Jonathan Philbrook gained immortality by building the first schooner. There for more than a century was the centre of the U. S. shipbuilding industry. But in Bath today there is only one active shipyard—the famed Bath Iron Works. Hitherto a tightly-held little company, Bath Iron Works last week became a publicly-owned corporation. A banking group headed by Manhattan's Hemphill, Noyes & Co....

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