Show WILL ACT ON SHIP SUBSIDY BILL new orleans june 28 the question whether louisiana shall grant what bat Is tn in effect a state ship subsidy 1111 mil IIII lylia hl be acted upon by the as hembly this week the object of the grant will be a quasi public steamship company organized to conserve to the mississippi valley states in general bad to louisiana in particular the P advantage to be derived from the pa ila 1 nama canal the assembly has bas been asked by a committee of 96 95 now new orleans business ness and professional ii men ken including banjo of tho the wealthiest men in this state to incorporate them under the title of the mississippi valley orl orient x nt steamship company A domestic steamship line Is then proposed proponed as the means of securing tills this commerce the capita capitalization libation liza tion Is to tc be with the privilege of increasing to the subsidy feature la Is to consist in exemption of the property of 0 this corporation from all state taxation until 1925 lo 10 make the incorporation inco rp oration of the company effective a constitutional amendment will bo be necessary |