Business: On the Lowlands Run

The 10,000-ton Continental is an ancient tub that served in two world wars, changed hands and names five times. Last week, as she headed from Antwerp to New York, her latest owner had high hopes that she would lead the way to a bright new future. Hard-bitten Operator Arnold Bernstein had twice built up a thriving transatlantic shipping business, both times had been swept off the sea.

As a prewar German shipping tycoon, he had wedged his way into the Atlantic traffic with simple, serviceable ships, the lowest tourist rates of any line, and an inexpensive elevator system for carrying automobiles uncrated....

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