HARDING TO REQUEST $400 MILLION FOR U.S. FLEET
Washington, D.C. (JFK+50) On April 8, 1921, The New York Tribune published a front page story reporting that "President (Warren G.) Harding will make a forceful plea for the American merchant marine" in his upcoming message to Congress.
In light of the daily loss of "more than a million dollars a day," the President was fearful that the Congress "would not be willing to make the necessary appropriation."
The estimate is that Mr. Harding will request at least $400 million and as much as $500 million.
Carter Field writes that the President wants the flag of the United States "firmly established on the seas" in the "next few years."
SOURCE
"Harding To Ask 400 Million For U.S. Fleet," by Carter Field, The New York Tribune, April 8, 1921, Chronicling America, Library of Congress, www.loc.gov/
