Salt Lake Herald-Republican | 1919-02-19 | Page 4 | U. S. Asked to Insure Ships in Peace Time

U UI S. S ASKED TO INSURE SHIPS IN PEACE TIME Was Washington ton Feb leb IS Plans IS-Plans Plans for the tho establishment of or a government lo a agency cne to write insurance on government o ships I and cargoes in peace times as t the tho treasury's war risk bureau lid bureau did during the the- war aro arc being formulated by shipping shipping shipping ship ship- ping board hoard officials and members of or Con Congress ress In maI making ln this announcement announcement announcement announce announce- ment tonight Chairman Hurle Hurley of oC the shipping shipping- board said present plesent rat rates s char charged ed h by private ate marine insurance companies were too roo high and that on some routes the they adversely affected tho rho cost of 01 oper operating ships Our position said Mr 1 Hurley is that we have asked asked Congress for some ome relief leller from these high rates rales and Senator Senator Senator Sen Sen- ator Fletcher who has studied the situation situation situation sit sit- suggests the tile government agency agency agen en cy c- cas as the most effective remedy It would woul be organized asia asja separate corporation corporation cor cor- I and assume risky on ships at rates which can bo be made mude lower than those which the private companies arc charging At the tho same samo time Mr Ir Burley Hurley made public a statement on the tho subject b by Senator Fletcher chairman of or the Senate Senate Senate Sen Sen- ate coin commerce committee Senator I Fletcher said sahl he favored creation of or an nn Insurance plan similar to lo that of tho the war risk bureau and added that It was essential that t this be done in or order or- or der del to protect ourselves cM from fromn tant rates exacted by liy the tho marine In Insurance insurance In- In companies ost n most of or whom are dominated b by British Insurance IntereSts Inter Inter- eSts elst 1 I o- o f