SHIPPING: Kennedy Candor

In a mood of mingled relief and regret Chairman Joseph Patrick Kennedy of the U. S. Maritime Commission wrote President Roosevelt last week: "I should like to report in relinquishing my post that the ills of American Shipping had been cured. . . . Candor compels me to say, however, that the shipping problem is far from solved. . . ."

Accepting this resignation from the man who had been his first chairman of the Securities & Exchange Commission and who was shortly to become his new Ambassador to the Court of St. James, the President replied: "My dear Joe ....