| Show 1 SUBSIDIES IfS FOR FORTHE F FTH I THE TH SHIP OWN RS r I i I Bankers Association Places Itself Upon Record CONGRESS d MEMORIALIZED RESOLUTION ADOPTED BY RIS RISING ING 1 9 VOTE VOT Washington Oct 12 The American As Association of Bankers today put nut itself on record as favoring govern government mont ment subsidies for the tho up buildIng of or the thc American merchant marine Resolutions reviewing the growth of American com moroe marco and the tho decline In American shipping ship hip ping and pledging the association to throw the weight of o its influence toward the I enactment of ot a ship subsidy law were cre presented by b the executive m council of the association and adopted by b a rising vote in iu which It was estimated that three quarters of the delegates took the affirm affirmative affirmative side The report of the Ute currency committee was received but no action taken there thereon on The report followed the suggestions made m dc yesterday by Secretary Shaw in his address before the convention for tor an nn emergency currency The enthusiasm of or the tho day was vented d don on the time ship proposition The five enacting of the resolution are arc areas areas arcas as follows Resolved Br Bl the American Bankers Association assembled First That the members of this asso association elation are arc deeply interested in any incas nicas tire ure ur which will wUl promote the th interest of the th whole country commercially and In Industrially industrially Industrially and nd especially with reference to our foreign commerce Second That we favor and most re rei i urge urze re the passage by congress of some same measure to foster and encourage the of our merchant marine marina and us back the prestige upon the high seas which we once enjoyed Third That we favor the ship subsidy measure which has received consideration tion by congress which we think would tend to restore our flag upon the seas and build up our merchant marine marina to the th extent that the necessities of our trade now and in the future may demand Fourth That we recommend that our or senators and congressmen favor some Just and equitable measure that will bring about the results and afford the tho relief above suggested Fifth That through our legislative committee we memorialize the senate and the house of representatives of or the united U it 4 States with a copy of o these resolutions I |
