Word: shipping
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...arrival at Rio de Janeiro of Lieutenant Hinton of NC-4 and runaway balloon fame, in the flying ship Sampaio Correia II calls attention to another air achievement which will help to restore popular confidence in the commercial possibilities of long distance flying. The flight of the Sampaio Correia over the five and a half thousand miles between Pensacola and the capital of Brazil was accomplished in little over a hundred hours...
...over-optimistic nor saturated with normalcy. It was a blunt, matter-of-fact appeal for action to a Congress which has been distinguished for everything but its attention to business. Mr. Harding pointed to the two outstanding jobs to be done,--the funding of the British debt and the ship subsidy bill,--and called for a definite decision. Whether or not his reference to the latter was awkward or unwise, it was courageous and consistent and demanded a settlement on a piece of legislation which has kept shipping interests in a state of complete uncertainty since its first introduction...
During the War he developed the apparatus used by the United States Navy for submarine detection, and invented the hydrophone, an instrument used for taking soundings in navigation. More recently he designed the wireless equipment of the Bowdoin, the ship in which MacMillan explored the Arctic Regions...
Here we see that $307,000,000 went out of America in ocean freight rates. An additional $100,000,000 must be added for marine insurance charges on the cargoes. At least half of all this would stay in America if the pending Ship Subsidy Bill were a law and in operation...
...What the Ship Subsidy Bill is designed to accomplish is the building up of American steamship lines flying the American flag and employing American officers and men to the end that these all-American lines may be the servants of the American people and of the American people first and foremost. Men and women who have for years voted for a protective tariff on farm products and manufactured goods are today doubtful as to whether they should support a plan for the protection of the American shipping industry when upon its protection at this time depends the future...