Washington, Mar. 29.
The U.S. Maritime Commission today announced the institution of foreclosure proceedings against four vessels of the Munson Lines for no payment of interest during the last four years on mortgages totaling $2,941,000.
The step constitutes the first move to establish a government merchant-e between New York and the st coast of South America.
The ships involved are the s, Southern Cross, American Legion, Pan-America, and Western World.—
United Press.
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