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Joseph P Joe Kennedy Sr — Part 5
Page 42
42 / 77
I
aM,
M ay. ‘Advise’ ‘Government
on Procedure to Combat’ '
. , Exorbitant Bids Be
wet Wha h “tye tat eat < a3
“WASHINGTON, Feb. 17° ORS
Hi a wear =
b ting excessivey shipbuilding” “costs -
bday p when be submits his formal,
scribed as exorbitant and outrageous,
Mids submitted by shipyards for;
on of quotations exceeds by at
zeast $500,000 the commission's high-
est estimate of $23,000,000 for the
‘entire group. The bids range from
$188 to $380 per dead weight ton,
tompared with $200 paid during the
orld War building program, when
ces were at peak levels. “> -
F Kennedy told the Senate Com-
fmerce Committee yesterday that
‘the situation is serious and threat-
jened to cripple the rehabilitation
gram by which the commission
seeking to provide the 500 mer-
ten yearn. :
Commissioner Emory 8. Land,‘ “
pretired admiral and the commis-
sion’s technical expert, has been in-
\westigating the bids “It was indi-
Seated his report may be finished
__jin time for Kennedy to discuss the
~ matter. at his press conference :
f
operating revenues would
be sufficient to pay f
or~trre ves
wels in 3 Teasonable length of times
bro,
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