. Factory and industrial management . MAIN COMPANION WAY, STEAMER TYPES OF AMERICAN-BUILT VESSELS. 609 where the stimuUis of governmental policy has not been felt ? Such aquery betrays ignorance of, or indifterence to, the actual state ofthings. As a matter of fact the fostering power of governmentalpolicy in favor of Lake shipping and ship-building has been exhausted-First, the Lake shipping enjoys the full and undisturbed benefit ofthe coast-trade laws. Second, the terrific foreign competition that throws a constantshadow over the ocean is wholly absent from the Lakes. Third, in th
. Factory and industrial management . MAIN COMPANION WAY, STEAMER TYPES OF AMERICAN-BUILT VESSELS. 609 where the stimuUis of governmental policy has not been felt ? Such aquery betrays ignorance of, or indifterence to, the actual state ofthings. As a matter of fact the fostering power of governmentalpolicy in favor of Lake shipping and ship-building has been exhausted-First, the Lake shipping enjoys the full and undisturbed benefit ofthe coast-trade laws. Second, the terrific foreign competition that throws a constantshadow over the ocean is wholly absent from the Lakes. Third, in the matter of harbor improvement and the bettering ofwaterways, the government has done everything for the Lakes thatacute ingenuity could devise or dauntless means supply. -afiiWfif- i kLOTTTnTrrTnfT. STR. RICHARD PECK, 1819 TONS. NEW HAVEN 300 ft., breadth 48, depth Built by Harlan & Hollingsworth, Wilmington, Del. Fourth, the public opinion of the whole region tributary to theLakes demands imperatively that they be brought to, and maintainedin, a condition suitable to complete efficiency as a check on the trunkrailway lines. From these facts it will be at once perceived that there can be nocommon plane on which to institute comparison between shipping andship building on the Lakes and on the two great salt-water coasts. There is another prime consideration germane to the question ofstimulus involved in the naval policy of the government,—the factthat, notwithstanding the feeble state of contributory industries at theoutset, and the consequent necessity of initial development, the tests
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