In Reno a wife may get rid of one husband and acquire another the same day, but industries seldom undergo such swift vicissitudes. For them the process of losing one meal ticket and acquiring another is generally a matter of years. Not so the U. S. shipping industry. Last week, after only 75 days of argument, it underwent the equivalent of a Reno divorce and remarriage, with a disconcerting reduction of alimony.

Celebrated with the launching of 2,300 hastily built Wartime ships, the marriage of the U. S. merchant marine and the U....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!