Shipping Board Operations; Hearings Before Select Committee on U. S. Shipping Board Operations, House of Representatives, Sixty-Sixth Congress, Second[-Third] Session ... PT. 1[-14 and General Index and Table of Contents] Volume 13

Shipping Board Operations; Hearings Before Select Committee on U. S. Shipping Board Operations, House of Representatives, Sixty-Sixth Congress, Second[-Third] Session ... PT. 1[-14 and General Index and Table of Contents] Volume 13

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...with the American Ship Building Co. The CHAIRMAN. Did he prepare the form of contract? liIr.t 5' ARR. That was prepared by Mr. Kelley, our general counsel, an 0 ers. The CHAIRMAN. In the settlement and agreement that was eventually signed, did your company receive more than 10 per cent profit permitted under your resolution of the board of directors? Mr. FARR. I do _not_know, Mr. Chairman, and we will not know until our demobilization and amortization and liquidation of reserves ar; 1ll' )l%11_r0(1i1gl1, and also the costs are checked. That work is somew a e in. The CHAIRMAN. Did you make claim for more than 10 per cent in this final a eement of setttlement? Mr._F ARR. o. Our idea was to claim as nearly as we could at that time what the results would have been had we gone on with the cost-plus contract. We hoped, however, to saye in being relieved of the cost-plus arrangement. I wanted to build a number of ships on our own account in order to cushion against a very heavy overhead. We had a very large organization, and our business wasdwindling, and I felt that it would be hard under cost-plus arrangements to _separate the overhead one from the other. That was the big question. In other words, I wanted to cushion against this big expense. l_ 'I1'hCe1:2CHAIRMAN. How long had these various yards been estabis e. Mr. FARR. The Detroit plant was established in 1852. I am also president of the Detroit Shipbuilding Co. and have been for a great many years, which is a subsidiary of the American Ship Buildin Co. I do not know the dates when the other plants were establishe, but the American Ship Building Co. itself was organized in 1899; these lake yards joined in forming the American Ship Building Co. The CHAIRMAN. Those...show more

Product details

  • Paperback | 140 pages
  • 189 x 246 x 8mm | 263g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236945271
  • 9781236945273