AMERICAN SHIPPING.
FOSTERING ITS DEVELOPMENT. TIIE PRESIDENT'S SCHEME. By Caoie.—Press Association.—Copyright Received 3, 5.5 p.m. London, October 2. President Taft proposes to ask Congress to devote the seven million dollars annual profit from the mail service to the subsidisation of steamship lin"s to South America and the Far East. Speaking at Seattle he declared that commercial progress would be greater in the Paeilie than anywhere during the next half-century, especially In China and Japan. II America went to war today, the merchant marine would 'ack sufficient tonnage in auxiliary unarmed ships, which was absolutely necessary for the navy's proper working, and 61i9 would be compelled to purchase such vessels abroad.
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Taranaki Daily News, Volume LII, Issue 205, 4 October 1909, Page 2
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110AMERICAN SHIPPING. Taranaki Daily News, Volume LII, Issue 205, 4 October 1909, Page 2
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