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Bacon, Edwin M.

"Manual of Ship Subsidies"

While the minority "saw objections to the entire bill"
recommended by the majority, they were disposed to withhold any
opposition except to the sections providing for direct subsidies. These
they declared to be "so obnoxious to Democratic principles and to the
economic sense of the country" that they were compelled to enter their
"earnest protest against their enactment into law." Instead of
subsidies, the remedial legislation which they outlined included: a
return to the discriminating-duty policy; and the putting on the free
list of all materials which enter into the construction of ships no
matter whether intended for foreign or domestic trade,--thus admitting
ships built from foreign materials, in whole or in part, to the
coastwise trade, from which they are now excluded. The minority held
also that it would probably "be necessary to remove the duties not only
for materials but from all materials sold cheaper abroad than at home,"
meaning steel and iron products. "In this way, and in this way only,
will our shipbuilders be enabled to obtain our materials at the prices
at which they are sold to foreign shipbuilders."[HV]
The report of the commission was submitted to the Fifty-eighth Congress,
third session, January 4, 1905.


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