SESSION OF FRIDAY MORNING. NOVEMBER 18, 1921. 189 



THIRD SESSION. 



Friday Morning, November 18, 1921. 



The President, Admiral Capps, called the meeting to order at 10.20 o'clock. 



The President : — We will proceed immediately to the program of papers. The first 

 paper for the morning is entitled "How Can American Ships Compete Successfully with 

 Foreign Ships?" which has been prepared by Mr. Winthrop L. Marvin, an Associate Mem- 

 ber of the Society. 



Mr. Winthrop L. Marvin : — Mr. President and gentlemen, before going on with the 

 presentation of my paper, I would like to take this occasion to express the admiration which 

 the members of the American Steamship Owners' Association entertain for this technical 

 society, and the high honor in which they hold its members. We regard it rightfully as a 

 vital part of the American merchant marine and one of the tremendous agents for its suc- 

 cess in the future. 



During the reading of the paper, Mr. Marvin said: Wages have fallen about 15 per 

 cent on American vessels through formal arrangements, and are still falling. We are assum- 

 ing that the wages on American vessels, in the course of a few weeks, will be lower, by 30 

 per cent, generally. Foreign wages, of course, will fall also. 



