Government ships to private operators under cost rule
Senate hearing heard C W Morse advocate selling government built ships to private operators at cost plus overhead. He cited buying 34 ships for 220 to 225 a ton and offering 100 more, showing high profits under current freight rates. Morse claimed 40 to 50 percent of ship cost recovered in year one and noted a coal contract to Paris boosting per ship ton earnings.
MENTIONED IN THIS ARTICLE
Associated ‘Press
Washington
C. W. Morse
Connecticut
Virginia
Senate Commerce Committee
Vnvo
Morse
Paris
Buenos Aires
Depreciation plan could cut steel ship price per ton
Washington reports a shipping board plan to depreciate government built steel ships at 10 percent the first year, then 1 percent yearly for five years, and 5 percent thereafter. At a tonnage price of 22 dollars this would lower the price to 163 dollars per ton by year six, aiming to spur vessel purchases according to Chairman Payne.
MENTIONED IN THIS ARTICLE
Washington
Payne
Shipping Board
Hard Times For U S Industry Forecast By Bush
London reports Irving T. Bush of New York warns the United States faces a prolonged strain from heavy liberty bond debt and reduced exports. He says American funds are scarce for foreign credit, banks cannot locate surplus capital, and a slow recovery will follow with industry and shelves being rebuilt.
MENTIONED IN THIS ARTICLE
Associated Press
London
United States
Irving T. Bush
New York
Ackland Geddes
America
England
United
Grunken
Earth
Rying
Federal court to decide German spy case tomorrow
Associated Press reports whether U S Navy can try Herman h Wessels alias Carl Rodiger, German navy officer seized in New York last May, via habeas corpus. Indicted for espionage conspiracy in 1918, he has not stood trial due to two witness rule. If Navy jurisdiction is granted, he may face death under naval articles. if denied, no civil statute remains and he could be freed.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
United States Navy
Hermanh .Wessels
Carl Rodiger
New York
Wessels
Naval
Seek to Limit Powers of Federal Reserve Banks
A conference of bankers from eleven states inaugurated a move to amend the Federal Reserve Act and limit the powers of the Federal Reserve Bank, instigated by the sixth district par clearance order. Bankers attending hailed from Kansas, South Dakota, Texas, Oklahoma, Arkansas, Tennessee, Louisiana, Mississippi, Alabama, Georgia and Florida with telegrams from Minnesota, West Virginia, Kentucky, Nebraska, North and South Carolina.
MENTIONED IN THIS ARTICLE
Associated Press
Orleans
Ireb
A. Movesich
Federal Reserve
Federal -Reserve Bank
Federal Reserve Bank
Kansas
South Dakota
Texas
Oklahoma
Arkansas
Tennessee
Louisiana
Mississippi
Alabama
Georgia
Ind
Florida
Minnesota
West Virginia
Kentucky
Nebraska
North
South Carolina
Peace negotiations begin between Britain and Soviet Russia
Stockholm February 6 Peace negotiations between Great Britain and Soviet Russia are in progress, according to a statement cited by Magbladet. Adolph Joffe, who headed the Bolshevik peace delegation in Dorpat, is reported to have departed, with Russia seeking peace with all nations and insisting on noninterference in internal affairs as a main condition.
MENTIONED IN THIS ARTICLE
Stockholm
Great Britain
Russia
Svenja’. Magbladet
Adolph Joffe
Dorpat
M. _ Joffe
Organizing to Fight Non-Partisan League in North Dakota
North Dakota Independent Voters Association closes its annual convention in Grand Forks with an emergency committee, new officers led by I W Iverson and J H Nelson, and a campaign platform targeting the Non-Partisan League. The plan includes workers compensation reforms, bureau markets, soldiers bonus Act expansion, repeal of certain election and administration laws, and state industry oversight. The group attacked Governor Frazier over education policy and other issues, while a stray note mentions a French baker's bread invention lasting two weeks in paper-wrapped sterilized form.
MENTIONED IN THIS ARTICLE
Grand Forks
N. D
North Dakota Independent Voters’ Association
I. W. Iverson
Wadlum
J. H. Nelson
Glenn Ellén
Theodore G. Nelson
Dunn Center
Ol Tngen
Marzo
Federal Bureau of Markets
North
Also Mentioned on This Page
Lor
Denver
Lewis
Coal Commission
Murray
Pittsburg
Vivir Segal
Winston
CHILDREN’S. SCHOOL _ SHOES
Barber Shoe Company
U. S
United ‘States
Europe
Irving Y. Bush
Britain
Sgt
North Dakota Voters Association
The
Ernor Frazier
Ince Fresen
Enid Bennett
Pathe News
Idaho Theater
Wright
Hart
Utica
Cambria
Nainsook
Federal Farm Loan
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