Show I ANE NATIONAL HIPPING POLICY j NEEDED BY U. U Seeping S. S t keeping of American Flag loi High Seas Discussed oLI i bv Trade Council CouncilS J 1 li Problems of or In- In r i Xo NO S st tl York Or facing the United trade tiO 1 the thel the 4 r nt ff fler er r the the wo he tic war Including after maritime ma s sound national l for n rd fc which ch would Insure lC Tinn under the thc American lag flag I ration emergencies d fin for tor or war ernel bunt built t r I here today at Rl the he anjI an- an J of or the national foreign jI de Sll council organized In 1914 under l' l e council the American anu- anu ot oC e M S PIC association American nort and nd the 1 lan l'an- an-Amer- an hal had halt hadan tv 01 of oC t the he Un United tell States manufacturers an 11 today t its l IS S m bankers nn an anti l transportation mer ban Till parts of or the countrY from from 11 m all president of ot the AU I atrell lion Steel corpora corporation preL pre- pre Sd States ted ed L roller members member on theol the fellow fehlow it Ms his ol With h on merchant marine P I A. A of or orew New ew York and Robert It of oC f Francisco Mr Farrell Fan lIAr oUal report which asserted that I IUS national a n policy was wa adopted he Sv a be set Mt down as absolutely cerIn t I cs the American merchant mae maie ma- ma In that vast expendi- expendi ie e capital and effort as a war rt of ore will again b he dis- dis measure ir ncy urgencY ted under the operation of oC economic la laws T s I Je ie that private enterprise enterpriser refuse to Invest est tho the lull full 4 04 I r ouid OOOO which it was estimated ouId have been expended In ship ship- b the end of ot orI lIMing by br the nation by I 1 war var the report continued I s tho the procedure Is Isit Is' Is tat it at indicated b by the tho chairman of or the board In his suggestion IJ J that te valuation of oC the vessels be writ writ- 4 en ea t down and that a portion of tf their cost COlt Mt l be e charged oft off to war service This Ibl procedure would bo be eminently jit as S well ell as ab absolutely necessary 1 to tLe the p Permanent retention ana opera- opera jion of the vessels under our na flag iThe i The war service ser rendered bv by these nud l i Iii of or the hl character not road old to that o of the lie gUn guns and shells which they ther transport to the tho scat seat oCar of ot rat ar But Bul the shells hells are arc wholly writ writ- lt tea 3 off the entire cost Is charged to toe tote te e war service whatever er valuation ma may be bo deter deter- i lard upon ultimately as 11 1 fair fait an anut and ut 1st these thue ships will represent a rc- rc Hr of expenditure for fOI tho govern- govern tnt est impossible In tho the case of or vast for tor or munitions 0 |