Thank you for visiting SNEWPapers!
Sign up free
The Hickman Courier
Hickman, Fulton County, Kentucky
What is this article about?
Representative Payne introduced the shipping bill in the House on Dec. 6 in Washington, similar to last year's version by Payne and Senator Hanna. It limits bounties to $9M annually, reduces rates for foreign-built ships, provides per-ton compensation based on distance and speed, and allows merchant steamships as auxiliary naval vessels.
Clipping
OCR Quality
Full Text
Representative Payne Introduces It in the House—Nearly the Same as One Introduced Last Year.
Washington, Dec. 6.—The shipping bill was introduced in the house Monday by Representative Payne, of New York, who with Senator Hanna prepared and introduced the bill last year. Mr. Payne says it is the same in all essential particulars as the former bill, except that a provision is made that the bounties shall not exceed $9,000,000 annually and that foreign built ships having American registry shall have only 50 per cent of the bounty rates provided.
In case the total bounties earned exceed $9,000,000, a pro rata allowance is to be made.
The bill provides a compensation of 16 cents per gross ton for each 100 nautical miles covered by sail or steam vessels, outward or homeward bound, up to 1,500 miles each way, and after that 1 cent per gross ton for each 100 nautical miles covered. An additional allowance is made to fast steamships, beginning with 1 cent per gross ton for each 100 miles by a 15 knot ship and slightly higher rates as the speed of the ship increases.
The bill also makes these merchant steamships available as auxiliary naval vessels.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Story Details
Key Persons
Location
Washington
Event Date
Dec. 6
Story Details
The shipping bill, introduced by Representative Payne on Monday, Dec. 6, in the House, mirrors last year's version prepared with Senator Hanna. Key changes include capping annual bounties at $9,000,000 with pro rata adjustments if exceeded, 50% bounty rates for foreign-built ships with American registry, distance-based compensation (16 cents per gross ton per 100 nautical miles up to 1,500 miles, then 1 cent), additional allowances for faster steamships, and provisions for using merchant steamships as auxiliary naval vessels.