This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... Mr. Franklin. It is about that. Taking oil tankers and everything else together it has been about that. The world's business is ...Read MoreThis historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... Mr. Franklin. It is about that. Taking oil tankers and everything else together it has been about that. The world's business is very much curtailed to-day in certain places, and expanding in others, and it is very difficult to say how much tonnage you should have had or how large the world's business would have been if it had not been for this fearful interruption. Therefore what the value of tonnage would have been if you had not had this interruption is difficult to say, because the cost of construction has so materially increased. The majority of these steamers would have been built in England for about 10 a ton or less--a great many of them prior to the war. Now, those are the steamers--a great many of those steamers are the steamers that these steamers of ours will have to compete with, and a good many of those steamers are in trade, or are accustomed to be worked in various trades, while our steamers will have to go in and find their trade; the American shipowner has to go in and work himself into the trades and find the business for his ships. And how is he going to do it? Are you going to saddle him with steamers at $200 and $225 a ton, as against his competitor whose steamers won't stand on his books at $80 a ton? Mr. Chindblom. Mr. Chairman, we may have this matter in the record, and I don't know that it is fair to ask Mr. Franklin to carry it in his mind, but if somebody could say what the tonnage of Britain is to-day as compared with 1914, I would like to get that figure. Mr. Franklin. That is a readily obtainable figure. It is all in your records. Mr. Alexander. I put that into the record the other day in connection with the testimony of Judge Payne. Mr. Franklin. The Commissioner of Navigation can give you that in a minute....Read Less
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