They resulted In an overproduction of French vessels. which went about carrying freight at ridiculous prices. cutting one anothers throats commercially. and demoralizing the business. and California farmers have been gelting the benefit in lowered charters. Gentlemen. I am for the free and unlimited naturalization of ships. They let a contract for a 6.000ton cargo steamer on the Wear a few weeks ago for $26.75 a ton. and I say if our shipowners could get vessels that cheap they could probably go into the foreign carrying trade and hold their own in it. And I believe they would buy so many that the repairs would more than compensate our shipyards for any possible loss of business until. under the healthy stimulus of competition. they got into the shipbuilding business as expertly and economically as the British.
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naturalization