The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

There is NO Economic Loss vin THIS Line of Preparedness T. S. S. MONGOLIA—BUILT BY NEW YORK SHIPBUILDING COMPANY To this merchant ship fell the honor of firing the first shot after the entry of the United States in the World War, and in service as a transport during the latter part of the War she carried 33,574 troops. KA SHIPS can be, and have been, effectively designed for all the uses of peaceful trade in time of peace yet readily and quickly convertible as naval auxiliaries when an emergency arises.° The Merchant Marine provides a continuous training for officers and men that gives the Nation a reserve personnel expertly trained in the operation of ships. These men can be called into action as a naval force of enormous potentiality in any time of national emergency. Create and Support an Adequate Merchant Marine for SAFETY’S SAKE o i) o NEW YORK SHIPBUILDING COMPANY Main Office and Yard: New York Office: Camden, N. J. 420 Lexington Avenue RRS GRRE NESS SEN SEE ISS AREER YEARS TE SERS ARR RISE I SR SE ST mmm MARINE REviEw—February, 1932 9