07/31/1930
https://www.presidency.ucsb.edu...
"The efforts put forth in the rehabilitation of the American merchant marine have proved beneficial to the country at large."
"With the aid provided by mail contracts and construction loans, authorized by this act, orders have been placed for 45 new vessels of 500,000 gross tons and for the reconditioning of 19 vessels of 160..."
"It has notably grown in trades where no American flag services previously were provided."
"The resultant revival of shipbuilding industry has provided employment not only at seaboard shipyards but throughout the country where are produced and manufactured a large part of the materials and e..."