Show MADOO OUTLINES THE SHIPPING BILL MEASURE WOULD PROVIDE THE UNITED STATES WITH NAVAL auxiliaries IN WAR TIME plan which will probably be presented to congress Con greas at coming session proposes Pro poe an appropriation of fifty million dollars indianapolis outlines of a new hew administration shipping bill to provide the united states with naval auxiliaries in war time and to bo be used in up building 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 ies sion proposes appropriation of 50 to be expended by a shipping board to consist of the secretary of the navy the secretary of commerce members ex officio and three me members 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 whole or in part it would have authority to vote the stock belonging to tile the united states in the election of direct directors org the directors would choose the officers and employees of the corporation and by that means mr mcadoo declared they would be removed from political influence the board would be authorized to establish steamship ship lines to countries where american trade needs such acceleration cele ele rmon ration it amigh operant ships or lease them to other parties it would have power also to reform na navigation vi gation rules rule a and regulations study shipping problems and make recommendations to congress tor for legislation to encourage and develop a great merchant marine under the american flag |