The Need of the Hour, an American Merchant Marine

The Need of the Hour, an American Merchant Marine

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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. 1915 edition. Excerpt: ... line began its service between New Orleans and South America in 1912, and although its vessels were loaded to full capacity on the southbound voyage not a pound of cargo could be secured for the return trip. It was not difficult to account for the failure to obtain a return cargo. The conference simply notified all South American shippers that they would lose their rebates already earned, and aside from that, could not obtain ships for cargoes to Europe, if they patronized the American line, and even though the Pan American line offered almost any rates for a return cargo it was unable to get one, and had to return in ballast, and the line was soon abandoned. One can readily see, therefore, what will happen to any privately owned line that attempts to compete with the trust lines. Most of the shippers of any importance in South America have connections in Europe as well as the United States, the European interests being of equal importance. For this reason a line of independent steamships to attempt to compete with the trust must operate a line of steamers simultaneously between the United States and South America, and South America and Europe, or it cannot get any business in South America from shippers who ship to Europe as well. Thus one can realize the great amount of capital private ownership would have to possess, for it would have to face a tremendous loss while it was getting business from the trust, for the rates would not only have to be lower, but its sailings would have to be at least as regular and its ships as good, and even with all these advantages it would take some time to convince the shippers that the lines would be permanently operated. Some of the agents of the trust lines, when asked what difference there was in the rates...show more

Product details

  • Paperback | 24 pages
  • 189 x 246 x 1mm | 64g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236522915
  • 9781236522917