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fee THE MARINE REV IEW CLEVELAND, OHIO, THURSDAY AFTERNOON, DECEMBER 26, 1918 Entered as verond class matter Oct. 2, 1911, at the postoffier at Cleveland Ohio, under the act of March 8, 1879 Coke Trade Now Occupies Cen- ter of Pig Iron Stage With an open market for pig tron after the frst of the year and with very" strong eondi« Tong ported at present. tn th’ Industry, cons Alder. + attention Ja being called to the coke rat Industries boar announced that on Dev. AL all price contrat on steel and ackmen Likely Will | tot voma he relinavcshed — Fotlowing this 5 there was a revised schedule of priees, showing uction to a markdown Lenderiey, announced ty the gen- Th eral committee of the American Jron and Steel an fietitute poo th Iast action came reports fever different seet!ous of the country showing that ‘ihe strength of* the situation fm pig iron pointed to °an increase rather than @ decrease ty the filers wives woukt obtaa after the SHORT | stose ot the corrnt year : Now comes an agitation to have the fuel ad- ministration contiine Is peice controt of coke 50 that there will be no open market tn this commodity witi} there hax been an Improves ment ta the present s:teation. Te Jy eported that while there has been a improvement lately» both the supply mowment of coke. there “Is apparent a tien price controt’ an th’s article will be/a big Simp tn prices, fron Industry are that SHORT HOLIDAY AVOFF EXPECTED GROWING SLOWER ‘Only Real Feature at Pittsburgh is Resale of Fair Sized Ton- nage of Basic Tron j | ort turninig, 1090 horses LOSSES ARE TO BE MADE UP nm 2000 horeepoter, minyte. . Iiladked, 4700 11 feet down, |By Steel Works on Over Supply of ! by Looking to Government H Make Up Margin in \ Resales .000 gallons of o!l. Crew=7 oeets aind 8 men, a 4-Inch guns and one inch, the fatter ale heing esd) asap aeriat Cost—orlginally placed at $275,000. or $350 A ton without ux Kstimate now Is $400. OO or $809 mR tou, Ordianee comes at $412.00 a beat. Contract agreemient—-Ford Mota Co. po'd $20.00 over acta cost if og BROKERS ARE to he HIGH PRICE Mbroad Also Are in t Business Now is td by Lack of Cargo DAYS JANUARY :-4, PUBLIC BOARD NEW YORK, SATUR PIGIRON TRADING NAVY TO STAND BY FORD EAGLE PRO OST 15 $80,000,000 AND RETURN 15 NOTHING Failure of Henry For Being Covered Over—Boats Are Leaky and Topheavy—Ford Motor Co. Profit Over $1,500,000 February, _ A Week .behind the times now is, worse than a year be- hind prior to (1914, The Daily Iron Tradé‘and Metal Market Report's mirror of events will keep you up with the pro- cession. . "Subscription price $10.00 a yeor Single Copies Five Cents GAM THOUGH d to Turn Shipbuilder EAGLE-A-DAY SCHEDULE FIZZLE Aillions of dollars—50 at the very!$20,000 In event’ any of the boats least—is the price the navy is ‘going| are not completed, he is. to receive to pay for refusing to confess .publicly the failure of Henry Ford's Eagle hoat program and abandon it With the signing of the armistice land the interning of the cnemy’s U-boats in British and Italian har- bors, the primary objectivg of these $550,000 200-foot steel craft being built by Ford has been attained For patrol and gunboat duty im peace time they are next to tm-} posible by reason of their excessive maintenance and operating charges In fact, high officials of the navy de- partment themselves have admitted they will not be necded "278 he next war” But the only concessioi® the navy has made so far, and the only one it| to pare the program from 69 Eagles to 40. On. the face of it this is a generous reduction of 40 per cent. but considering that the turbines, boilers and auxiliaries for the entire 100 have been built and practically all of the plates rolled and punched, the ap- parent reduction of 40 per cent shrinks to a bare 10 And the $33.000.000 the navy is to pay for submarine chasers flatly’ declares it will ntake has been} actual cost plus 10 per cent. For the construction of the Eagle plant on the River Rouge, southwest of Detroit co} land owned by Ford the navy ad- vanced every dollar—$3,500000 in : round numbers, And under his con- tract Ford ultimately will take over this magnificent $3,500,000 works at virtually his own figure for the con- struction of barges—provided his maritime ardor has not beet suffi- ciently dimpened—or possibly Ford- son tractors All this in the face of his voluntary, unequivocal declaration be would not accept’ one dollar, in war profits! , All this, combined with the navy’s flat-footed refusal to cut short Eagle corfstruction looms up as the biggest industrial scandal of the war Detroit's largest. business and industrial in- ferests firmly believe Were the war still on and the Huns’ submarines still polluting the seas, Ford's nonperform- ance would be accepted as one of the fortunes of war But when the navy insists upon adhering to a tyne of ‘boat that is designed promarily for sweeping the seas of U boats—which now are no more—and that adonttedly is too costly for auxiliary work. then and there objection arises to throwing $50,000,000 and more into a sinkhole “FORD CONTRACT Space Lin peace time is only the start and Metal Market Report q REFUSE ¥0 GI Fetimate and P. 8. C. ject Shonts’s Plea to Ra Bureau, 2148-9 Oliver Bldg. KEEPS FOR NFP JOBS, INQUIRY ASKED {s Only Senator Lodge Calls for Inves- find tigation of the Eagle Boats. to come to makers nm Anjong such inquires ling for 5000 tons jer, however, ————_ WASHINGTON, Jan: i ntract *for the’ constr a tomts ta “cost depron 4 the rekeon why. what | ore te ir prices t session as a g turn of Bmight be hole the Boar, on oe ‘one pro- informally ¥ ee buyers rices that of orders. fe friends of Gov, the real reason | co! of-e “slate” of |Bagie sot that Charles | $33,000,000 an ° Hise cay leaders | the delivery of Binety-thres © a) palicy and craft was to have been accomp ; } day: ‘ és last, only seven bad} rth didates toyon December 16 last, ? ication ofthe Governor |y,een completed at that time, will be That the app! Lx dpcaat . ie: Rapla Transit Com) ding the |svvostigated by the Senate Naval Af-} terboroush api ee Oe ike 0etlOn | Fairs Committee If it ad for an hase S not be sr rove by Tam) tion by Senator Lodge ( tig oo Sitting in secre’ mittee of tho Ww Estimate decided D RGH. Dec 25—Inquiries}| wire prodticts’ Tor” éx- | { =a DR . A noted. which azub\ONLY SEVEN DEMVERED|" titeyhorough’s Rate. aha rae erent ENE xport, to Pevsonal-| Waste and Opportunity for) pp aNcHISH IS OBSTAC eat x. it Sat 1d in Se se but wed Profitecring Charge boas icted | Wa Published Article, \ city to Ask Co-Receiver stricta’ SE | B, RB. T—Officials Clas scree on Traction Situation. fchanne Theory “T hate war, I am a pacifist * * © Tf there was no profit in war for any one, there would be no war. It is because people can make money out of war that war occurs. I do not believe in killing men for money to get something that belongs to someone else, whether it is money or land or the right to live in liberty and peace. That is why I will not take a cent of profit out of the war work I am doing Liberty motors, Eagle boats, helmets, tractors, ambulances, trucks — everything we are making for the government will be made without profit; I will find some way to give those profits back to the government, for I cannot prevent the profits from accruing, since it is impossible to determine in advance just what the cost of everything will be and the prices had to be fixed in advance. But, personally, I am not going to touch a dollar of war profits. My share will be carried back into the United States treasury, and I am hoping that other stockholders will do the same I cannot think of anything wotse to accuse a man of than of being a war profiteer."—Henry Ford in Sep- Resolved, That the Committee on Mt of | waval Affairs "be and is hereby die rected to make an investigation Of bet tno so-called Eagle boats. of the reany contracts made for the said peace | for-} with the Ford Motor Company, an of the character ond) construction of such boats. Designed by Ford. ‘The Eagle boat is a type of Heht mb Fom- {marine chaser designed andpull by Me) ‘He! Ford, Eagle I., the first of these Cit) 10 to be put into commisgon, went into var\ water at Detroit October 28, 1018 was jn reality ive type. and ine tnoior and designed for in his. n And a Congressional Inquiry Follows of the chine gun fore.and Senator Lodge introduced cases day into the Record extracts from the series of articles now current in the Daily Iron Trade, a publication de- voted to iron and steel industries | pected mit re all tail gavorable contract which SIF, Cham-| with the Government. Basis for the Demand. tember, 1918, The World's Work Never Had a Chance WYWther the Eagles which Ford 7*rfhok to construct with great vH and blace of- trumpets as hts it, are good or poor boats from andpoint of design is still a of opinion It is fact—not i—that the highly-touted Ford ation crumpled when it at- the boats, and never gave ce to show te candidate for the to his contract 93 ve been completed n by Dee 15. As ptly, had bree HERE IS DEADLY PARALLEL IN FORD EAGLE CASE Practice “Should the actual cost of cach vessel in the execution of the work reach or exceed the sum of $275,000 or such revised, estimated cost in lieu thereof as shall be de- termined on account of changes * ®@ © the contractor shall be paid the fixed sum for profit of $20,000 for each vessel. Should the actual cost be less than the estimated cost revised as aforesaid for cost of changes, the contractor shall be paid as profit in addition to $20,000 for each vessel, one-fourth the amount by which the such actual cost on cach vessel falls short of the estimated cost revised as aforesaid, * * * Should the de- partment desire to terminate the work under this contract before the completion of all vessels * * * it Shall give 30 days notice * * * The contractor shall be paid for all work on vessels the completion of which shall be abandoned the actual cost thereof pius 10 per cent profit * *"* collective liability of contractor for breach of guar- antees and agreements as to ma- terial, workmanship and petform- ance shall be limited to $1000 on each vessel."—-Ford Motor Co contract with navy. . Why? Detroit Asks As Detroit views it, the navy can have only two reasons for continuing building Eagles now that they never ontribution to. the winning of} Wil combat an enemy-submarine: One is that tidy can be assigned to a Peacetime service commensuate with their cost type and operating expense, and the.orher, following the lead of other government departments, to pre- vent the men employed on them from being thrown out of work and to ward off financial harm from the con- tractor. The former the navy. itself has disposed of; the latter Henry Ford's financial standing and his oft- expressed desire to resume full peace production of Fords and Fordson tractors render untenable there will be a congressional tion of the Ford Eagle mat. usiness and industrial n Sustaining this of mystery with hrouded the Ford Wiebe Rouge So ed a ce These articles, to which the New York Sun jolo which Senator Lodge. used Pe dnteny fot his demand for the in- venti: in part as fellows: ; he cost of originally was placed at 92 without guns 7 4 | fs $400,000, or er." ich Senator Lodge in- he Record draws the gad he woul out of his 2 cooing, the Inte candidate for the! con the} Senate lived vp to hi ract ninety abe ease | Continued on Becond Pa refers, appeared originally in Daily Iron Trade and Metal Market Report from which they were read into the Congressional Record by Senator Lodge. They thus form the basis of the Congressional inquiry, now under way, into the Ford Eagle boat con- tracts, and constitute striking evidence of ' the growing prestige and influence of the Daily Iron Trade and Metal Market Report on the business life of America. PENTON PUBLISHING CO., Cleveland, U. S. A. also publishers of ( THE IRON TRADE REVIEW (Weekly)—THE FOUNDRY—MARINE REVIEW—POWER BOATING (Monthly) als members eS Caan Audit Bureau Circulations and Associated Business Papers Please mention THE Marine Review when writing to Advertisers