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...part of its auxiliary naval strength into small 6-in.-gun cruisers, as a "surrender to the British." When the London Treaty was ratified, he set up a clamor, as the Navy League's president, for speedy cruiser construction which would bring the U. S. fleet up to its authorized strength. A $767,000,000 Navy League building program was advanced. When President Hoover and Secretary Adams last month began to hack down the Navy's budget, Propagandist Gardiner cried out in pain and protest. The proposal by Italy's Dino Grandi for an all-round suspension of naval building...

Author: /time Magazine | Title: ARMY & NAVY: White House to War | 11/9/1931 | See Source »

Next to arrive were 50 Tommys from Egypt, who flew in. After them flew six more British troop planes from Alexandria 350 miles away. Late in arriving were 300 British Marines from Crete (400 mi.). Unable to fly to Cyprus, they came on four fleet British war boats...

Author: /time Magazine | Title: CYPRUS: Storrs Snores | 11/2/1931 | See Source »

Immediate cause was the hapless fate of U. S. Lines. This consists of the following ships: Leviathan, George Washington, President Roosevelt, President Harding, America, Banker, Farmer, Merchant, Shipper, Trader, Importer, Exporter-also two fine vessels abuilding in Camden, N. J. As everyone knows this fleet was spectacularly purchased from the Government in the boom of 1929 by Banker Paul Wadsworth Chapman who proceeded to sell stock to the public on patriotic grounds. But in days when no Atlantic fleet makes any money to speak of, and with Britain's greatest Royal Mail losing millions, the prospects for an American...

Author: /time Magazine | Title: Business: Biggest Pool | 11/2/1931 | See Source »

...fleet of six lines (Red Star, Atlantic Transport, Leyland, Baltimore Mail, U. S. Lines, American Merchant Lines) plying the main Atlantic route with weekly and bi-weekly sailings...

Author: /time Magazine | Title: Business: Biggest Pool | 11/2/1931 | See Source »

While the U. S. plans were maturing last week National Council of American Shipbuilders announced the U. S. Merchant fleet had declined 3,408,000 tons in the past decade, against increases of 731,000 tons for Great Britain, 3,537,000 for Germany, 685,000 for Italy, 921,000 for Japan and a small decrease of 86,000 for France...

Author: /time Magazine | Title: Business: Biggest Pool | 11/2/1931 | See Source »

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