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...system of subsidies is necessary to develop our Marine. [a] a usual system; [b] especially necessary in cases of established and subsidized competition. Cong. Record, Jan. 11, 1891, p. 1153; Feb. 27, 1891, p. 3519-3521, 3527-3533; English policy, Feb. 28, 1891, p. 3654; testimony of Commissioner of Navigation in report on Merchant Marine...
Best general references: Cong. Record of Feb. 26th and 27th, 1891, Speeches of Hopkins, pp. 3544; Candler, pp. 3550; Lane, pp. 3559; Ellis, pp. 3563; Springer, pp. 3566; Andrews, pp. 3641; Dockery, pp. 1066-1072. Wells' Our Merchant Marine; Reform Club's Pamphlets, No. VI by D. A. Wells, and No. VII by John Codman; No. Am. Rev. Dec. '77, pp. 544; Fawcett, Free Trade and Protection pp. 18 etseq...
...Subsidies are economically objectionable. [a] Merely temporizing, pamphlet No. VI as above, pp. 25 and 26; Our Merchant Marine, 136-139. [b] Unbusiness like, Candler's Speech, Cong. Record, pp. 3550; Our Merchant Marine. pp. 140-142; pamphlet No. VI, pp. 26 et seq. [c] Unsuccessful, Ellis' Speech, Cong. Record, p. 3564; pamphlet No. VI, pp. 27-29, 39-43; Our Merchant Marine...
...Subsidies are politically objectionable. [a] They are class legislation and encourage a lobby, Nation XLIX, pp. 285, Oct. 10, 1889; Cong. Record of '69-'70, part V, pp. 3860, Codman pamphlet VII as above pp. 21 et seq. [b] Establish a bad precedent, Lane's Speech, Cong. Becord, pp. 3561; Codman, Shipping and Subsidies...
...Senate Bill is objectionable. [a] Confused and complicated, Candler, Cong. Record, pp. 3551. [b] Bounty fixed by maximum speed, Springer, Cong. Recod, pp. 3566. [c] Perpetuates wooden vessels. [d] Appropriates a recklessly large amount...