Word: shipping
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Yale upheld the affirmative and Harvard the negative of the question: "Resolved, That the United States should adopt a system of ship subsidies, other than our present mail subsidies, for the encouragement of our merchant marine...
...Green, the second Yale speaker, submitted the policy which the first speaker for the affirmative had only touched upon briefly--the system of subsidies--which he said would offset the greater cost of building and operating ships here than abroad. Moreover, by making the subsidy for each ship pro- portional to the amount of cargo which it carries, American vessels will be induced to carry as much as they can and as often as they can, and to outdo foreign rivals. A system such as this is analogous to the one which the United States employed in building...
...Berle, Jr., was the second speaker for the negative. He began by saying that ship-subsides are very dangerous, as they lead to corruption and fraud. Such was the case with the Pacific Mail S. S. Co. in 1873, when it used improper methods to get its subsidy raised; and such is the case with the Ward Line today. Likewise with the trusts on land, which have been substantially subsidized by the tariff. Also the lobby methods of the shipping interests are today being investigated...
What is more, ship-subsidies are declared class legislation by many state constitutions; and they have been repeatedly declared so by the U. S. Supreme Court. They involve taking the people's money, and giving it to private individuals, to build up private fortunes. Such a use of public money is unjustifiable...
...Freshman debating team will meet Yale in the fourth annual debate in Sampson Hall, New Haven, this evening at 8 o'clock. The subject for debate is: "Resolved, That the United States should adopt a system of ship subsidies, other than our present mail subsidies, for the encouragement of our merchant marine." Harvard will uphold the negative of the question. S. M. Seymour, A. A. Berle, Jr., and H. B. Gill will speak for the University in the order named, while Yale will be represented by F. E. Morris, A. B. Green, and E. M. Porter. The judges will...