Toilers of the Sea

When the Federal Government stepped in twelve years ago to salvage his foundering Dollar Steamship Lines, President R. (for Robert) Stanley Dollar was grateful for the chance to abandon ship. His famed globe-girdling shipping line, founded in 1901 by his canny Scottish father, Captain Robert Dollar, was crusted with the barnacles of mismanagement, and carried a top-heavy load of holding companies.

The Maritime Commission accused the old captain's heirs of using the holding companies to set up a "milking system" to pay themselves fat salaries while the line was drained of its assets. In addition, the line owed the Government...

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