Show AID h SUGGESTED FOR II U. S. S SHIPPING Prices to Firm Finn FirmlY toy iy lY Establish Merchant l fr- fr l Ia Marine rill e April 15 15 Government 0 rit aid for companies purchasing purchasing- Iping ping board vessels to enable them successfully with foreign B was recommended today today by busl- busl men and members of of Congress advised with the board on moth- moth t. t transferring transferring- into private hands owned government merchant ma l ma- ma I upon the advisability of board Aboard disposing of or its fleet Jeet the upon motion of ot Fred H IL I Is of Minneapolis adopted a reson reso- reso n that tho ships should be sold n s such ch prices es and terms that tho the rican marine ma may be beily bety bey ily ty y established ick ek of Int interest rest b by tho investing He Ie in shipping stripping securities and the tho leap under which the American n i I t. t owners operate in competition I foreign lines were discussed and nd was appointed to stud study a ai i suggested sug-ested by b- Eugene Meyer Meer dirr di- di I br rr r of ot the war finance corpora corpora- corpora I 1 t that t tho fleet bo he sold through an similar to the Railway Finance corporation He that tho assets of the mer mer- merit it t. t fleet be taken over by such or- or and that hat it issue bonds payments duo b by purchasers rs being permitted to make maleo pa pat pay pay- its t 20 O per pcr cent down and the thc rest resta a a. term of from fifteen to twenty s. s s Only sll slight ht payments would during during- the first f few w years operators to establish their 3 wf firmly Lf f Committee e Appointed I It t Benson chairman of oC the thed rd d d. d appointed Mr r. r Meyer as chair chair- of r the committee with Alex Leg Legg o. Owen O Youn Young of Sel nd ind C. C B n. Warren Marron o of Detroit as the ther r members airman Warren anen of the Senate ap- ap committee said ho agreed some Csome form of governmental aid id be necessary o to make maleo perm perma- perma atho a- a tr tho the merchant marine while irman Green of or the House inert mert merit mer mer- it t marine committee declared ho iwas was in favor of a ship sub subsidy sid was r was not afraid of that term for it Am American mei merchant chant mat marine inc he heIt hefe fe It cannot compete et with Japanese possibly with v England land under a acm acm cm em of not granting granting- favors to ship basis basis of cost of reco reconstruction depreciation plus a certain t sum um Immediate delivery delivers r should govern rn of oC government o t ships Mr lr Ten ren said 1 a ill white while Mr lr l leg egg egg- g- g argued what what tho board loard gets g-ds for foi the tho only a small problem as compared i iv what Whal hat became of the vessels ps t 1 Asked for forie rt t- t tIe Ie ie le and nd Harvard I as Islington s ington April 16 15 The The nay navy de dement dement dement de- de ment today today- todar again a asked ked bids on steamers male Valo and Harvard all allI allton I ton on the first two o offers having having- i I rejected It was Tas announced that bid id below the appraised value of or for each vessel essel would be con con- con l ed I |