Show OPPOSE SUBSIDY r t If BILL Merchants Merchant In Jn Chicago Discuss Steal Steal MEASURE MASURE AN JUSTICE INJUSTICE r DECLARED DECLE TO MAC MARINE MABINE MI MIi i 1 Chicago Nov 35 Merchant marine re were discussed last lat night by bythe byl bythe the th Commercial Cor club at its is banquet ba qUe t at atthe atthe I the Auditorium hotel The Che e Frye Payne ayne subsidy sUby bi bUi which IB is expected I Ito to be b introduced d early erly in the th next pt t con congress congress i ie gress e was wa criticised by the speakers kers as a a measure designed to promote the interests interest of a a limited number of com companies com companies c m panics President W r J r Chalmers presented the subject to the club with a review of marine statistics illustrative l of the th decline of the American merchant ma marine marine marise rine rise Henry Henl W Peabody of Boston with large interests in transoceanic trade who had been ben in active efforts to se secure secure secure efort cure revision of the bill bi analyzed analyze the features of the te measure which he considered detrimental to the general interests of the merchant navy Urges Ur a Substitute In place of the subsidy bill bi he urged one framed frame on the suggestions of ot o Pres President President President ident McKinley and Secretary Gage made twice to congress The bill bi he said sid was supposed to represent l the wishes of the administration but he I Ide declared de lared that it i was wa widely widel divergent from what the president desired The objection to it he claimed aside from I the fact that it i advanced the interests interest I of the committee on promotion and fa xa favored I ored a certain few companies was that it did not guard gard the ownership of the vessels and insist that they should I remain in American hands after they had ha beeh been registered This bill bi is not in the time interests of the country at large larte said he It I does I not represent the interests of oC the com corn committee I on promotion If I it becomes a i ilaw I Ila law Jaw la there can be b no hope for the Amer American Ame Amerlean 1 lean ican merchant marine maine r for l twenty years I to come j Mr Peabody advised enactment into a I law of the presidents suggestion I that a certain number of vessels be b permitted to to come under the American flag and be fag registered as American Amerian vessels Ye ls upon the that an equal number of tons be con constructed I ted in American shipyards ship by the companies making maing the foreign pur purchases purchases I chases chass chassI If I the members of the club think well en enough of the resolution to en endorse endor dorm dorse dor it he lie said sid it i may encourage the administration to recommend it nt again as an a it i has twice twi e In the past Suggests Suggest a Big Canal Canai Cana Former Congressman George Geor e E Ad ams ama proposed the of the merchant marine mari e by a consolidation of its it three branches by which would be made possible for shipyards on the lakes lake to compete compte with wih shipyards on the coast The linking of coastwise cot trade trad with wih foreign trade he said could be made possible by the building of the Nicaraguan gan canal and the the consolida consolidation consolidation tion of international and foreign trade by the construction of a canal from the lakes to the gulf e |