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...Subsidies are advantageous to the development of our carrying trade. (a) They will enlarge our marine and increase our naval power-Curtis p. 234; North American Review 148, pp. 95, 695; (b) lead to control of commercial routes; (c) improve our foreign mail service-Curtis p. 290; (d) add to our banking facilities and the extension of credit-Curtis p. 108; House report No. 18, 41st Congress, 3rd session; Public Opinion...
...Foreign nations have greatly encouraged the carrying trade by granting subsidies to steamship lines-H. R. Reports, February 12, 1884; David A. Wells' Decay of our Mercantile Marine, p. 29, Curtis, pp...
...United States government is inconsistent in granting large subsidies toward internal development and with holding aid from our fast decaying foreign trade, especially when the amounts needed are not large, nor need they be permanent to accomplish the desired increase of trade-Curtis, pp. 115 116; North American 148, pp...
...Subsidies are necessary (a) to successful competition with foreigners. (b) to give impetus to a revival of our merchant marine-Curtis, pp...
...prosperous trade with South and Central America; (c) to create a class of vessels available for war purposes-Majority report of Joint Select Committee of Congress on American shipping, House reports. 2n session, 47th Congress, vol. 1; Proceedings of the Pan-American Congress; Lalor's Encyclopaedia, vol. III., pp...