SHIPPING INQUIRY
' SCANDAL IN U.S.A.
EVIDENCE BEFORE SENATE COMMITTEE
(Received September 30, 2.30 p.m.) WASHINGTON, September 29. The Senate Committee today received ' evidence that during the Coolidge and Hoover Administrations the Export Steamship Corporation obtained 45,230,000 dollars in Federal grants, and that the line bought for 1,351,000 dollars 23 ships which cost the ! Government 42,114,000 dollars. The company still owes the Government 1,240,000 dollars. The mail subsidy alone totalled 18,397,000 dollars for a ten-year period. It was alleged that a tailoring bill amounting to 500 dollars had been paid by the company's subsidiary concern for the former chairman of the United States Shipping Board. ' "Vessels were sold to the company at between 6.66 and 7.50 dollars a ton, while another bidder offered eight dollars. The treasurer of the Export Line testified that the company today "is in a worse condition-now than in 1930."
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Bibliographic details
Evening Post, Volume CXVI, Issue 79, 30 September 1933, Page 10
Word Count
143SHIPPING INQUIRY Evening Post, Volume CXVI, Issue 79, 30 September 1933, Page 10
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