Evening Republican, Volume 22, Number 192, Rensselaer, Jasper County, 15 August 1919 — War Shipbuilding Loss Is Billion and Half [ARTICLE]

War Shipbuilding Loss Is Billion and Half

Washington. The' United States will have to write off on its books a loss of approximately §1.500,000.000 on account of its merchant shipbuilding program, it wa6 said by congressmen familiar with the merchant marine problems that confronted this country at the beginning of the war, and the herculean efforts made by the government during the war to supply the needed ships. “Had the war lasted another year the advantages and benefits of this wonderful effort and vast outlay of money would have been clearly apparent to all” commented Representative Alexander, former chairman of the house merchant marine committee. Alexander Is assisting In shaping a permanent national merchant shipping policy and in fashioning legislation that will guide the country t in its future handling of the great fleet -of merchant ships it now owns and may continue Co own for some years to come. /