The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

28 Protect Shipbuilding (Continued from Page 22) and is in unrestricted and unpro- tected competition with all foreign ships (no matter how low their stand- ards of wages, personnel, equipment, or safety) and is entitled to the re- fund principle as existing in our pro- tected tariff principle. 8. That such refund shall be the amount of the tariff on the component elements of a ship deducted from the whole price of the ship. 4, That such export commodity re- fund shall apply to the actual Amer- ican shipowner of such ship as certi- fied by the treasury department. 5. At the time of building, charter rates shall be contracted for between the United States government and the owner of the ship, based upon the factors of age and de- preciation at the time of _ the government requisition of the ship; the vessel being the security for its serving in the foreign trade. 6. That this export commodity re- fund shall be paid to the shipowner, MARINE REVIEW upon proper evidence and certification of the completion of the construction of a ship meeting the requirements as hereinafter outlined. 7, That such export commodity re- fund shall be in the form of a special issue, as required, of United States government 25-year bonds bearing interest at the lowest rate of interest of any United States government bond at time of issue and to be ac- cepted at not less than par or what- ever may be the market premium for such bonds at time of issue. 8. That the foregoing refund shall apply only to such ships as are built according to plans approved by the United States government, the purpose being to have such ship or ships so constructed as to be constantly avail- able for emergency, or to be reason- ably but more rapidly convertible for naval or war use. The principles outlined form the basis of a bill introduced in congress by Senator George Wharton Pepper of Pennsylvania and designated as the overseas trade act of 1926, which has the indorsement of the entire August, 1926 shipbuilding industry. In adopting this measure as the legislative policy of the industry American shipbuilders are asking nothing for themselves except an op- portunity to compete on something ap- proaching equal terms with their for- eign competitors. Enactment of this bill is certain to encourage the con- struction of vessels for the foreign trade and therefore will go a long way toward rehabilitating the Amer- ican merchant marine. Appointed Secretary Roy H. Morrill, secretary of the shipping board was recently trans- ferred to the position of assistant to Commissioner Plummer, bureau of traffic. Samuel Goodacre was appointed by the board to succeed Mr. Morrill as secretary. Both of these men have been in the employ of the shipping board for several years. Mr. Goodacre is at present budget officer of the hoard and this office will in the future be combined with that of secretary. Sacud Large Sum on 40-Y ear Old Vessel HE S. S. Herman Winter of the | Eastern Steamship Lines, Inc. successfully completed her trials on May 29, 1926 after reconditioning at the Simpson Dry Docks plant of the Bethlehem Shipbuilding Corp. Ltd., and is now in service on the owners’ Boston and New York line. It is truly a remarkable vessel, which after forty years of almost continuous service, is considered worthy of a $200,000 ex- penditure for reconditioning. In the light of our present day experiences with deterioration of recently con- structed tonnage, it is unusual to find a vessel of the Herman Winter’s age in an equal state of preservation. This vessel of the hurricane deck coastwise type with three decks, single bottom iron hull, single screw with deck hatches and side ports, was built at Wm. Cramp & Sons Ship & Engine Building Co. at Philadelphia in 1886. Her length over all is about 285 feet, beam 41 feet 7 inches and depth 19 feet 3 inches. The reconditioning was carried out from plans and specifications prepared by Theodore E. Ferris, the well known naval architect and marine engineer. The original installation was a com- pound engine with air pump and con- denser in one unit. This engine was still giving good service, but the cast- ings in the way of the condenser were so deteriorated that the removal of the whole unit was necessary. The boilers consisted of four two-furnace scotch boilers, two forward and two THE S. S. HERMAN WINTER IN BOSTON HARBOR AFTER ELABORATE REBUILDING INCLUDING NEW BOILERS AND ENGINES