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e =. PRESIDEN! HOOVER O other legislation to promote Our Merchant Marine has been of such direct and immediate benefit as the two ects of 1920 and 1998. A persistent con- tinuation of the policies laid down with strength- ening amendments to cover freight as well as passenger services should receive the sup- port of all Americans. AILING of the new Dollar liner the S. S. PRESIDENT HOOVER from New York, Aug. 6 for the Orient marks the beginning of a new era in the checkered history of the Ameri- can merchant marine. Favorable legislation alone would not have made this result possible. Any action of the government in upbuilding the merchant marine is dependent for actual results on the experience, courage, energy and initiative of private agencies. The Dollar line, under the leadership of Capt. Robert Dollar and his son, R. Stanley Dollar, demonstrated these qualities in its purchase and successful operation of the ‘“‘President’” class shipping board vessels in a round-the-world service, an untried and extraordinarily bold venture. Here is a company of demonstrated ability who knows exactly what it means to operate ships in foreign service, a practical, hard-head- ed organization whose ways and means of pro- STANLEY DOLL A £, President of the Dollar Steamship Lines, who has shown his faith in the future of the American merchant marine by under- taking the building of these two large fast vessels in or- der to give a serv- ice unsurpassed by any foreign line S.S. President Hoover—Taken off Rockland, Me., June S$. PRESIDE Sails on Maider By A. : moting an American merchant marine might well be paraphrased in the saying of the Con- tinental soldier who believed in trusting God, but also and at the same time in keeping his powder dry. On the basis of mail contracts received and with the help of the construction loan fund the Dollar line after several months of preliminary study on Oct. 26, 1929, signed a contract with the Newport News Shipbuilding & Dry Dock Co. for the construction of two large, fast ocean liners. The shipyard has established an en- viable record not only in the quality of work, but in the speed with which it has been car- ried out. The contract called for the delivery of the first vessel, the PRESIDENT HOoovER, Oct. 26, 1931, and the second vessel the PRESIDENT COOLIDGE, was to be delivered Feb. 26, 1932. The S. S. PrResmIDENT Hoover was actually delivered on July 11, three and one-half months in advance of the contract delivery date. It is now expected that the second vessel, the S. S. PRESIDENT COOLIDGE, will be delivered Oct. 1] 1931, almost five months in advance of the con- tract delivery date. This record is due to 4 thoroughly well equipped yard and the effi- cient organization built up by Homer L. Fer- guson, president and general manager. A beginning of the rise of the Dollar line as a great shipping company goes back 30 years 12 MARINE REVIEw—August, 1931