Show ship subsidy Su bAily rot favorably reported to tile iho senate the senate committee on oil commerce has has authorized a favorable report on senator F fryes ryes ship subsidy bill the report says that the purpose ot of the bill is to establish tile hie maritime supremacy of lite hie united states in trade with asia and in the gulf of I 1 mexico plexico and the caribbean Cari bean to establish thoroughly trade between the united states stales and south american republics and to give the united states a respect respectable representation on the north atlantic the claim is made that all these results will be accomplished within ten years the report also asserts tile the bill will so extend ship building as to transfer in time from a broad abroad to the united suites states the center of that industry as the center of ther other r industries recently have been iran ferrod and also that it will give th tile this united states a measure of maritime independence corresponding to our industrial and agricultural independence pen dence |