05/14/1931
https://www.presidency.ucsb.edu...
"It has notably grown in trades where no American flag services previously were provided."
"I am glad to extend congratulations to the Federal Shipbuilding and Dry Dock Company, as builders, and to The Grace Line (Panama Mail Service), as owners, upon the launching of the SS Santa Rosa."
"The efforts put forth in the rehabilitation of the American merchant marine have proved beneficial to the country at large."
"The constant volume of new construction has made possible a notable advance in the shipbuilding art."