Will America Retain Its Merchant Fleet Final Report to the President 31st
Will America Retain Its Merchant Fleet Final Report to the President 31st
Edward Nash Hurley
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In this connection it is worth while to note that a new, apparently suc- cessful and, in its present form, a distinctly American steamship development is the ownership and operation of vessels by companies which use those vessels exclusively for the purpose of distributing and marketing their own products. The U. S. Steel Corporation and the Standard Oil Company furnish conspicuous examples of this, and I am told that for the purpose of insuring efficiency, the sales departments of these compan...ies deal with the marine departments on a scrupulously strict business basis, so that if it were desired at any time to divorce the marine department from the rest of the business, that department would be entirely self-contained, self-supporting and capable of earning a profit. NEW CONDITIONS TO BE RECKONED WITH. I do not wish to hazard any prophecy about the extent to which this innovation may be expected to develop, or about the effect it may be expected to have upon the independent steamship owner.
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