Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 7, 2025
Meeker: "The greater part of the concealed subventions undoubtedly goes to the shipbuilders, for all mail contract steamers must be built in French yards and of French materials. There is no competition in the letting of the French mail contracts. They go to four steamship concerns. The great ship-yards have developed a capacity for building steamships of the largest class.
Spain instituted a ship-construction bounty system in 1880, when her merchant marine was languishing, and in 1886 a comprehensive system of mail subventions, contracting for the whole ocean service with a single steamship company, La Compañia Transatlantica Española.
Accordingly these subventions are in fact, as Professor Meeker recognizes them, "partly in the nature of concealed bounties." In 1879 the Government spent in these subventions a total equalling $1,593,214. By 1889 the total had only slightly increased, the amount that year being $1,849,392. In 1908 the total was $2,328,917.
The other influences contributing to this extraordinary growth are variously stated according to the observer's point of view. The home Government of the Netherlands gives neither construction nor navigation bounties. Only subventions to steamship lines for carrying the mails are granted. The amounts fixed by contract are at a given rate per voyage.
It was he who raised their regiments, who regulated their subventions, who appeased their quarrels. He was the head and arm of the coalition. As potent as Cromwell, more of a king than William III.; without affection or hatred, he justified the saying of Machiavelli: "The universe belongs to the phlegmatic."
If he did sell out he drove an extremely poor bargain, for he is living in exile, in extremely straitened circumstances, his only luxury a car which the French Government loans him. It is difficult to believe that, had he been a traitor to the Allied cause, the British, French, and Italian governments would continue to recognize him, to pay him subventions, and to treat him as a ruling sovereign.
Why, then, should we continue to waste the public money?" Senator Toombs went on: You give nine hundred thousand dollars a year to carry the mails to California; and Vanderbilt compels the contractors to give him $56,000 a month to keep quiet. This is the effect of your subventions. Law et al.
The construction of the Canadian Pacific Railway and the establishment under large subventions from Canada and England of fast steamship service from Vancouver with Japan and China seriously threaten our shipping interests in the Pacific.
The cost of the subventions to the Dutch East Indian lines is divided equally between the home and colonial Governments. Belgium had a subsidy system for shipbuilding before 1852. At present neither bounties to domestic shipping nor postal subventions are paid by the Government. Subsidies, or premiums, however, are given to certain foreign steamship lines to encourage the commerce of Antwerp.
Five per cent was to be retained for sailors' insurance "with a view to reducing the deductions imposed on them for the purpose of that insurance"; and six per cent to be reserved for distribution for the benefit of marines, as follows: "two-thirds to the provident fund, with a view to diminishing the deductions on mariners' pay and to increasing the funds for assisting the victims of shipwreck and other accidents, or their families; one-third to the invalids' fund, with a view to granting subventions to the chambers of commerce or public institutions for the creation and support of sailors' homes in French ports, intended to assist the nautical population, or of any other institutions likely to be of use to them, especially schools for seamen."
Word Of The Day
Others Looking