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Show SHIPPI BOARD 10 FORM CORPORATION WASHINGTON'. April 14. The administration ad-ministration programme for building a ast fleet of woolen earo ?hip? to transport (supplies to the allies and thus defeat tho (Jerniau submarine eair.pain will be put definitely under way Monday, Mon-day, when the shipping board will form a ."iH,inn(i(Mt corporation to build and operate the vessels. The corporation will be organized under un-der the laws of the District of Columbia Colum-bia and its entire stork will be hdd by the shij'pinc board. In legislation to be introduied in confess early in the' week the board will ask authority to! itierease tlt stock in the future, if neeiled, to as muc h, per It a ps, as .'?-2,- UUU.(H.Hi. Private shipyards will construct the ships on a standardized plan adopted bv the shipping board, on a basis in most instances of 10 per cent profit. j The board probably will finance some vards. although private eapital already its offering millions for construction of j the vessels. 1 Major General Goethals, who, at the j direct ion of President "Wilson, has j agreed to supervise nuildiu of the ships, will eome. to Washington to take charge of the work as soon as he ean arrange to leave his task of building New Jersey h ighwnys. V. A. Eustace, a New York engineer, who conceived the idea of a wooden ship fleet, prob-j prob-j abl v will be associated with him. The law creating tho shipping board : provides for a corporation tho majority ! of whose stock must be held bv the board. Its directors will be employees i of the board, who will elect their own I of rieers. General Goet ha Is probably will be elected general manager of the ! corporation and Mr. Eustace, as an em-I em-I ployoe of the board receiving a salary! of $1 a year, and Mr. Clark, directors. The 700,000 tons of German shipping taken over by the government witn the I declaration of war undoubtedly will be I put under the corporation, as will the I Austrian ships now n custody of the '"United States. The general opinion is that the German and Austrian ownpTs will be paid for their use during the I war, and for the ships themselves if thev are lost or retained. 1 The story of how the wooden shipbuilding ship-building plan grew from au idea conceived con-ceived simultaneously by two mining engineers en-gineers until it line taken a place in the forefront of America s war policy, reveals re-veals that Yankee inventive genius and ingenuity were as ready to meet the present emergency ns at any time of national na-tional stress in the past. After Mr. Eustace and Mr. Clark had been called to Washington by Chairman Donmnn of the shipping board, and the board decided to take up the plan, Mr. Kustrice decided to interest General Goethals. The canal builder immediate-Iv immediate-Iv seized on the rdan as the one way bv which the Tnited States could do most to aid the allies in defeating Germain. Ger-main. Then General Goethals was told the board wished him to tiuke charge of the work. Reluctant nt first to leave his post in Xew Jersey, the general h-n.illv h-n.illv was convinced the nation needed Cenernl Goethals was chosen to head the work, it was explained tonight, tor three reasons his capacitv. his German descent and as a testimonial to the loy-altv loy-altv of Aniericau citi.ens of Teutonic extraction, and because he is considered the one man iu the United States most offensive to Germany. Germany, it lias been said, has never forgiven tho man who constructed the canal when German Ger-man experts said it could not bo accomplished. accom-plished. In their efforts to persuade General Goethals to take charge of building the ships it was pointed out that he prob-nblv prob-nblv would spend before the war was over as much or more than was expended ex-pended on the canal. |