Plan for the Operation of the New American Merchant Marine

Cover Plan for the Operation of the New American Merchant Marine
Plan for the Operation of the New American Merchant Marine
Edward Nash Hurley
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Private companies would not be disposed to serve the national interest in this way. The life of a ship is comparatively short. Its owner must make it pay today. He cannot be expected to take a loss today in order to build up a commerce which will become a source of profit only after the ship now engaged in that commerce has been scrapped. The great need of this country is that new trade routes should be established, and it is urged that Government ownership and operation should be retained as a
... guaranty that all ships will serve the nation as a whole and not a limited class of private shipowners.
A further argument in favor of public ownership and operation is that in case of a national emergency such as has just been experienced, the Government would be in a position immediately to convert its mer- chant fleet into a military weapon.
Arguments in Favor of Private Ownership.
The chief argument in favor of private ownership and operation is that a successful merchant marine depends not so much on ships, or money, or Government aid, as it does on the existence of a large class of alert, resourceful and energetic men engaged in the shipping business.


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