TRANSPORTATION: Selling Out

Figures are quoted con and hopes are advanced pro on the barnacle-bottomed question of whether or not the Government should stay in the shipping business and continue in that (so far) ineffective way to try to build up the U. S. merchant marine. Last week the question remained as derelict as ever, but the U. S. Shipping Board took a definite step which apparently vexed no one very much. It sold the U. S. entirely out of the shipping business on the Pacific Coast.

Of the 500 or so transoceanic merchantmen owned in the U. S., three-fifths are owned by...