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The Simple Arithmetic of an AMERICAN MERCHANT MARINE Munson Line Passenger-Cargo Ship ‘Southern Cross” Built by New York Shipbuilding Company American Commerce | American Ships amas American Trade for American Merchants But that isn't all . . . You must Add—the protection American ships and seamen afford this Country in times of national emergency. Add—the benefit derived by American Industry and Labor in the building of ships. Eighty percent of the cost of an American ship goes for labor. Nearly every State in the Union contributes something in the way of materials or equipment and almost every industry will furnish either one or the other. Add—a fair share of the $750,000,000 which America now pays annually to foreign flag ships in freight bills and passage money. Add—the careers assured many American citizens in the varied business of the sea. Add—the stability, independence and reliability given our foreign shipping by American control. Add—the protection and greaterexpansion of our overseas commerce —trade follows the flag. The Arithmetic of an American Merchant Marine is simply figuring Prosperity for America. To Solve the Equation you must Patronize American-Flag Ships. NEW YORK SHIPBUILDING COMPANY Main Office and Works: Camden, N. J. MARINE REVIEw——October, 1931 New York Office: 420 Lexington Ave. © a7