SHIPPING: The Course Is Charted

What will the U.S. do with its war-built merchant fleet—$17 billion worth?

For two years Virginia's aged, fussy Representative Schuyler Otis Bland and his House Committee on the Merchant Marine and Fisheries have sawed & hammered away at a bill designed to answer this question. Last week their bill was launched in the House.

No law written by mere men could possibly reconcile the conflict of interests involved in the final disposition of the U.S. merchant fleet—half of the world's merchant tonnage. Ship owners the world over will disagree with whatever use is made of the 50,000,000 tons of bottoms. The most...

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