The mischief in H.R. 162 is this: it would--for the first time--give the highest priority lien to those who contract with the ship's master for ship supplies and other items.
I stressed that I could get subjective reporting free; what I want is objective reporting.
In substance, H.R. 162 could reduce the preferred mortgage holder virtually to the status of an unsecured creditor.
It could lead to far greater government subsidies for the merchant fleet--and place an undue and unnecessary financial burden on the America...
This could destroy the usefulness of the preferred ship mortgage as a means of privately financing merchant ship construction--a method whic...
In short, H.R. 162 is bad public policy.
Our farmers have made us the healthiest and the best fed people in all the world, throughout all history.
We owe it to ourselves to be just--and I am not sure that we have been either.
The search is not going to stop.
American farm products are vital to our own economic health, and to our strength in the markets of the world.
So I am very grateful to all of you who believe as I believe--that there is a better day coming for the American farmer, particularly if the...