The President's News Conference
12/28/1931
https://www.presidency.ucsb.edu...
It has notably grown in trades where no American flag services previously were provided.
With the aid provided by mail contracts and construction loans, authorized by this act, orders have been placed for 45 new vessels of 500,00...
During the past 2 years, as compared with the prewar decade, the proportion of our foreign trade carried by ships under the American flag ha...
The efforts put forth in the rehabilitation of the American merchant marine have proved beneficial to the country at large.