SHIPPING: Touchstone

Steel boats-900 bottoms in varying sizes-lie listless in U.S. estuaries. It cost about one billion dollars to make them and it costs the U. S. about $2,700,000 to keep them from one Christmas to the next.

Many a keen industrialist who keeps his eyes on things has proposed to buy them for scrap at scrap prices. But all was not generally known until the Chairman of the Shipping Board ("T. V. O'C.") made a speech, last week, to some travelers on a boat plying between Detroit and Buffalo.

Mr. O'Connor simply said he...

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