Maritime Commission yesterday charged that the refusal of a "fe shipping companies to cooperate with President Roosevelt's plan to create a shipping "pool" of 2,000,000 tons for national defence and Aid-to-Britain purposes "will likely defeat the objective of the plan."
Appearing before a joint House and Senate Committee investigation the national defence programme, Mr. Dempsey said the current war had driven so much commercial shipping "from the high seas that on many routes American companies were operating the only vessels available for private commerce. He stated that because of this monopoly, rates have s is high as 500 per cent."
Text read from the printed page and cleaned; old type leaves the occasional error.