The Coming Crash An Economic Interpretation of Present Day History
The Coming Crash An Economic Interpretation of Present Day History
J T Walton John Turner Walton Newbold
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S. Government, meanwhile, took possession, for the period of the war, of all. Ships building' in American yards, regardless of whether they were to American or Allied orders. A monster yard was laid out at Hog Island, below Philadelphia, where fifty parallel slips, were built. This was leased to the International Corpora- tion, and in its establishment 7, 500 tons of steel are used up day by day. At Boston, on the Gulf of Mexico, at Seattle in Oregon, at San Francisco and Alameda in Cali- forni...a, at Shanghai in China, and even in Japan, ships by the score and hundred are being built to the order of the U. S. Emergency Fleet Corporation, or of its agent, the International Shipbuilding Corporation. The chairman of the U. S. Shipping Board said quite recently: Our railroads must no longer stop at the ocean. "We are building a merchant fleet of 25, 000, 000 tons. Vast American passenger and' cargo liners will run regularly to every port in Latin America, the Orient, Africa, and Australia Once more we shall have a real U.
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