Show ORE E SHOWS AIL SUBSIDY OF MILLIONS jJ Purchased for 1 1 s ei i A- A Cost Gov Gov- t 3 7 That emmen t A ASHINGTON Sept 29 The T JP TJ ff-TJ IntS In In- e of the senate co committee rd tS ocean and airmail sub sub- showing i lis tod tod today y received figures Y Iu n t e the a Coolidge e and Hoover O ver adUa ad ad- the Ex Export rt Steamship Irati Ua ns nJ In Jr I ilion obtained oD and that the line iral cral grantS rants board vessels vessel ion for or 23 shipping I that had cost the govern govern- f ant t by Sen Sen- were produced Product ar r Black B ack D Ala chairman duro dur IC by E. E V. V Nev Nevin trea who said sald that t at company err rr owed he ExpOrt company compan Y YC addition more than thana a million te C ye slid financially Is sin in a. a worse 1930 than thanin In sow now Nevin conceded unK un in Black included a a queS by K r and contract carrying in all year wt of insurance by the ship ship- ItI a baird rd on on the line vessels i corporation now the and the government red owed to banks bank New York and Philadelphia CREASES PAYMENTS malt contract entered Into writ with department in m August fC of 1044 availed called for payments but with the Oi hi year to the line Edition n four faster taster boats built un un- former Post Post- White Jones act r amend amend- ute rate General Walter Brown I the c n tract in 1930 increasing the themual themual nual payments to The Ike mall mail subsidy alone for the 1 10 totaled approximately tr r period Black told Nevin who Id d assumed the figure was cord cora cor con d' d a Another subsidy which Black said is s granted was in the sale of or ship ship- 11 nr ig board vessels to the line in 1925 less ess than what he called e world market value An Another ther subsidy he listed was the sing Mint by the treasury of I the line at an average of less than per der cent Interest rate for tor the con con- of four ve vessels I In n addition Nevin testified in reply questions that the shipping board boardl tnt ent nt to repair vesse vessels sold the company for nearly the same aunt ip FIND CHECK In n answer to a question about a n eck leek made out to the late H. H J. J Fahey Id d i entered on the books of the Steers mn corporation n a subsidiary on member ember 19 1924 Nevin said herid he rid uld not locate the check but iden iden- Jed ed a cash book entry on it Previously Senator Black develd devel devel- tee d from witnesses that the check was drawn to pay paya a tailor II U I for tor T. T V V. OConnor O'Connor former chair chair- in an n p ol of the the- shipping board Henry er president Ares ent of the Export denied paying the bilL Nevin re In said the the check had been moo over to the shipping board and andl Id d l been destroyed Senator Black pressed Nevin for forI I explanation nation of the fee of ordered paid to C. C Basra Bas Bas- I ra n Slemp Semp in July 1925 in cones connee- conneen m n ti with the purchase by bythe the line of shipping board vessels Slemp several months before belore had signed as us secretary to the then resident ardent Calvin Coolidge Slemp a bill to Herberman connection with the purchase of ofris oft ris t ships consummated on August 3 What was Mr Slemp hired for lack ack asked J I 1 do dont don't t know Nevin replied 5 1 s A TON Bla lack Black k said aid while the first 18 ships Id l for a deadweight weight ton the theSal thed Sal hial d price paid for 23 vessels bought r the Export line averaged 6 66 a i. i The Alabaman also said company the Oriental Navigation had offered the shipping ard rd 8 3 a ton for 10 of the vessels Bla lack Black k sought to trace many pay pay- n its made by the company to Herrman Her Her- man and carried on the privateer private Iger er cf of f the company He devel devel- the witness that numerous ments were made by check for Fe cy during October 1927 and February and August in 1926 Do you know where these thou thou- ids t t dollars went Black asked I x r do not sir Nevin replied Only Herberman can tell us where e money went then the Alaman Ala Ala- ran man pursued That's Ihas right said Nevin |