Show MADOO OUTLINES THE SHIPPING BilL MEASURE WOULD PROVIDE THE UNITED STATES WITH NAVAL AUXILIARIES IN WAR TIME Plan Which Will Probably Be Presented Present Present- ed to Congress at Coming Session Proposes an Appropriation of Fifty Million Dollars Indianapolis Outlines Outlines of a new administration administration administration ad ad- ministration shipping bill to provide the United States with naval auxiliaries auxiliaries aries in war time and to be used in foreign trade in times of peace were made public Wednesday night by Secretary McAdoo in a speech to the business men of Indianapolis The new plan which probably will be presented to congress at the coming session proposes appropriation of ot 50 to be expended by a shipping board to consist of th the secretary of ot the navy the secretary of ot commerce members officio ex-officio and three members members mem mem- bers hers to be selected by the president and confirmed by the senate The board would be empowered to organize corporations and to subscribe to their capital stock in w whole ole or in part It would have authority to vote the stock belonging to the United States in the election of directors The directors would choose the officers and employees of the corporation and andy by y that means Mr McAdoo declared the they hey would be removed from political influence The board would be authorized to establish steamship lines to countries where American trade needs such ac ac- ac- ac It might operate ships or orease orlease orlease lease ease them to other parties It would have lave power also to reform navigation rules ules and regulations study shipping problems and make recommendations to o congress for legislation to lito encourage encourage encourage age and develop a great merchant mar marine marthe ma ma- r rine under the American flag |