Will America Retain It's Merchant Fleet PDF ePub eBook

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Will America Retain It's Merchant Fleet free pdf Excerpt from Will America Retain It's Merchant Fleet: Final Report to the President, 31st July, 1919 To the President: At the signing of the armistice the United States found itself in possession, or prospective possession, of almost fourteen million deadweight tons of ocean-going merchant shipping. This fleet represents a construction investment of $2,861,755,570, and alone among the vast outlays made for the prosecution of the war, it seems capable of returning close to 100 per cent salvage to the Government. In addition, if properly administered, it is capable of greatly increasing the activity, prosperity and wealth of the American people by extending their trade with all parts of the world. The careful development and efficient utilization of this new power looms large as a matter of national importance. In Europe, I found it taken for granted that our Government and our people would co-operate to derive the utmost possible advantage from this opportunity. The fact that our war-born fleet is out of balance, i. e., consists of too many small, slow cargo vessels, and too few large, fast passenger and cargo vessels, was held to constitute no barrier to our success. The speed with which we had built our emergency ships seemed sufficient guaranty that we could remedy our deficiency quickly. Meanwhile the run-down condition of the European fleets, (the congestion of the ports of the world has kept hundreds of ships out of service) and the unprecedented world-wide demand for any sort of tonnage seemed to assure the profitable employment somewhere of every ship we could put into the water. The British, who are more heavily interested in ocean transportation than any other people, and whose fleet has borne the brunt of the war's depreciation and losses, were keenly alive to this situation. The British press discusses frankly the potential prowess of England's new competitor on the sea. Upon my return to the United States in February, I was surprised to find a wholly different feeling. Instead of enthusiasm I found what I feel I can properly designate as organized pessimism. The American people wanted a merchant marine. There is no doubt about that. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.

About Edward Nash Hurley

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Details Book

Author : Edward Nash Hurley
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1331683564
EAN : 9781331683568
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 38 pages
Age + : 15 years
Language : English
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