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Show GOVERNMSfT ffi READY .TO INSURE , mwm RISKS J- Washington lUptf 2 Uncle Sam's, marine' war risk insurance bureau, designed to Inspire confidence In Am-Ibrican Am-Ibrican shippers and. aid .American, trade, expansion; .will ,be open' fVr us-ness us-ness tomorrow at the treasury department.- -uT President Wilson signed the act 'creating the bureau today and tonight, Secretary McAdoo announced, the ap-. polntnient of "W. C. Detanoy of New York all underwiltlng insuranco ox-pert, ox-pert, as director of the bureau. Mr. Deinnoy will open an office to morrow ready to Insure American ships and American cargoes In American Am-erican ships. Ills bureau will be, under Assistant Secretary v Peters. No requests for- Insurance reached the bureau tonight. , Administration plans as to the merchant mer-chant marine also took definite form In other directions today. At a conference con-ference between the President, Secretary Sec-retary Daniels and .members ot the naval affairs and merchant marine committees of tho House differences between the two committees, were smoothed out, and It, was decided to press' one measure fprthe obtaining ot a. government owned fleet of ships. Chairman Alexander of the merchant marine committee reported favorably to the House the bill providing tor; the organization at a,'10,00q,000 com-, pany controlled by the government, which will biiyy or build freight car; rylng vessels. " A '$30,000,000 issue of Panama canal' bonds would be used to buy .the Ailps; the government govern-ment accepting bonds, of the company as. reimbursement. ' It was decided at the conference to amend this bill to allow the ships built or purchased by the company to be utilized by the. navy If -necessary. The amendment Is a compromise accepted ac-cepted by the naval committee mem; hers as a substitute for their proposal pro-posal that a fleet ot navaVauxillary vessels bo purchased to meet the emergencies em-ergencies ot trade, tho ships being used as cargo carriers as long as desirable. de-sirable. ' " Preldent Wilson made It clear att the conference .that ho believed no violation of neutrality was to bo feared fear-ed in the purchase eyen ot. some of. tho German'steamors now marooned in American ports. He agreed entirely en-tirely with the position taken by Secretary McAdoo yesterday before tho merchant marine committee In. urging a, favorable report on tho .Alexander .Al-exander bill. An executive order suspendlngfcer! tain sections of tho navigation laws as authorized under the registry bill passed last week, will be issued' tomorrow. to-morrow. This and the s!gnlngot the war risk bill remove objections of various big shipping companies to placing their fleets under the American Amer-ican flag and such concerns as the United Fruit Company, the Standard Oil Company, the United States Steel corporation and, the Dollar Steamship company are expected to make im-mediate im-mediate applications. These companies compan-ies atone would add 200 steamers to the American merchant marine, t |
