OCR Text |
Show STATE SHIP SUBSIDY. Louisiana Spring Scheme to Help Out Domestic Steamship Line. Now Orleans. Tho question whether Louisiana shnll grant what is In effect n statu ship subsidy bill will bo acted upon by tho assembly this week. Tho object of tho grant will bo a quasi-public steamship company, com-pany, organized to conscrvo to tho Mississippi valley Btntcs In general, and to Loulslnna. In particular, tho. advantage to bn derived from tho Panama canal. A domestic steamship lino Is proposed pro-posed ns tho means of securing tho commerce. Tho capitalization Is to be $10,000,000, with tho privilege of increasing to $50,000,000. Tho subsidy fenturo Is to consist of cxompt.im of tho proporty of this corporation from nil stnto tnxntlon until 1925. To mnko tho Incorporation Incorpora-tion of. tho compnny effectlvo, a constitutional con-stitutional amendment will bo necessary. |