AMERICAN MAIL CONTRACTS

Press, Volume LXXI, Issue 21415, 6 March 1935, Page 11

AMERICAN MAIL CONTRACTS

. * TERMINATION PROPOSED j DIRECT SUBSIDY FOR | SHIPPING i (UNITED PRESS ASSOCIATION —BY ELECTRIC j TELEGRAPH —COPYRIGHT.) j (Received March 5, 8.30 p.m.) | WASHINGTON, March 4. j Mr Roosevelt, in a special message to Congress, proposed the ter* mination of the present ocean mail contracts and the maintenance of an adequate merchant marine under a direct Government subsidy. He also proposed the transfer of the quasijudicial and quasi-legislative duties of the Shipping Board to the Interstate Commerce Commission. Mr Roosevelt stated that the lending of money for shipbuilding in practice had been a failure. The Government to-day was paying annually 30,000,000 dollars for the j carriage of mails, which should cost 3,000,000 dollars. The subsidy should I cover the difference between Amerij can and foreign shipping costs, both j building and operating, and the subsidies granted by other Governments. SOUND RECORDING PATENTS i ; ❖ I i WILLIAM FOX LOSES LEGAL ACTION (Received March 5, 8.30 p.m.) WASHINGTON, March 4. William Fox's long legal fight to regain a dominant position in the motion picture industry failed today, when the Supreme Court ruled that the basis of the patents he held for the so-called Triergon sound process recording was invalid, as every one of the major film producers uses the process. Victory would have brought Fox up to 100,000,000 dollars of back royalties from Para- I mount and the other producers he ! sued. : —— i