Salt Lake Telegram | 1921-05-06 | Page 15 | Asserts Merchant Marine of U. S. Menaced

6 ASSERTS MERCHANT MARINE OF U. U S. S MENACED President resident 1 of Steel Corporation Corpora Corpora- tion Suggests Remedies I y in in Present Situation CLEVELAND LEVEI AND Ohio May In In an en n Am American rican Maritime Pol Pol- at lit the the National Foreign Trade coHall convention James A. A Farrell Parrell Mw eW e York chairman of ot the count coun- coun t i fan and and of ot the United Stat States s corporation today told the delei dele dele- e i the future of American merE merit mett mer met it t marine development Is I. at stake E the government lose Ion not ot of selling its merchant fleet when thI j s armistice was waa signed suggested t International conference to stab- stab the shipping situation ni the chartering of ot the govern govern- t fleet neet to individuals either on a aMUre bate MUre boat basis o or r on time cargoes and nd Advocated a revision of American J hipping la laws WI tilt It It is the duty duly of ot all Americans to pre eDt tho the elimination of our over over- M fleet from the worlds world's tag carry 4 trade traG said Mr Farrell TOO TOO MUCH IDLE Of the present marine situation he Mid ellla Even with a temporary Improvement Improve Improve- meat ment in ocean freights the worlds world's idle tonnage cannot he absorbed un- un I r. r f f der three years yean Approximately p seven j million tons of oC tha the worlds world's carrying capacity la is laid up out of ot a total of or tons of which five the million tons tOM Is still und under r construction It might serve erv a useful purpose to ourselves and to the world to bring brine about an international conference conference conference confer confer- ence of the maritime nations to stabilize stab etab- tab tab- iliac tho the shipping industry on the theory theory theory the the- ory that one part of the world cannot cannot cannot can can- not be crippled economically while the rest reat is prosperous It Is ts time to recognize the fact tAct that the policy of ot the shipping board since its Inc inception of ot endeavoring endea to build up trade routes from every Atlantic Atlantic Atlantic At At- lantic gulf CUIC and Pacific port to practically practically practically every port in the world is expensive expensive ex ex- ex- ex pensive and Impracticable LAWS STRANGLING Until trade revives re and opportunity opportunity opportunity exists for obtaining a fair sales price for tor the fleet Cleet an eRr early retire retire- retirement retirement ment mont of ot the shipping board and liquidation liquidation dation of ot Us its shipping business seems Impracticable able A partial solution of or ono of ot the difficulties confronting the shipping board Is I. to continue to lay up a n. considerable considerable con con- portion of ot their tonnage and In line with the slogan logan Le Less government government government govern govern- ment in business more business in government withdraw from all aU but supervisory activity by chartering the st steamers mers to reputable and e experienced o operators The main factor in determining whether r we can compete successfully I with foreign tonnage lies largely in tn I our laws Tho The latter are not only strangling our oceangoing I ships but are affecting the carriers on the Great Lakes I II I