SHIPPING: Junk?
What will become of the government ships?
Since the Administration Subsidy bill suffered ignominious death in Congress, Mr. Harding has been at work on a plan to liquidate, take the loss and humiliation, and retire from maritime trade. Details have not yet been announced.
It is reported that the 12,000,000,000 tons of steel vessels, built at a cost of more than $3,000,000,000, will be sold and scrapped over a period of years to save the nation the cost of their upkeep and the money lost in their operation. Placed on the market in a lump, the government might fail to find purchasers for them all, and certainly would recover only a few cents on the dollar.
What will become of the ships? Arthur Brisbane (Hearst editor) suggests:
"Anchored along the shores of rivers and other peaceful waters these ships, with the machinery taken out, should make fine houseboats. Sleep on deck in Summer, below in Winter, fine opportunity for those that live in Florida, Georgia, etc."
Most Popular »
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- The Growing Backlash Against Overparenting
- Amid Concern About India's Lost Clout, Singh Goes to Washington
- Woman Loses Benefits over Facebook Photo
- Toilets
- The Fall of Greg Craig, Obama's Top Lawyer
- Can the A380 Bring the Party Back to the Skies?
- Why Exercise Won't Make You Thin
- Man in Coma Heard Everything for 23 Years
- The Political Fallout of Egypt's Soccer War
- The Growing Backlash Against Overparenting
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- How One Army Town Copes With Post- Traumatic Stress
- Will Private Equity Be the Next Meltdown?
- Troubling Rise of Facebook's Top Game Company
- Female Sexual Dysfunction: Myth or Malady?
- Man in Coma Heard Everything for 23 Years
- Toilets
- Beijing: 10 Things to Do in 24 Hours
- The Fall of Greg Craig, Obama's Top Lawyer







RSS