Watery Grave?

Many a U.S. shipper these days is like a captain nervously watching his barometer drop to hurricane level. Shippers know that at war's end the U.S. may have quadrupled its prewar fleet to a thumping 50,000,000 deadweight tons, most of it Government-owned, enough to founder private shippers if unwisely used. What will happen to this vast tonnage?

Last week the potent American Merchant Marine Institute, which represents 61 shipping companies operating 14,000,000 tons of ships, made its first attempt to answer the question. Chief points:

> Ultimate transfer of all Government-owned merchant...

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