In a national radio address, reprinted in the Congressional Record, Senator Black reports on his Senate investigation into how federal subsidies for mail service have been spent by merchant marine companies. “The record … discloses that the huge subsidies paid by the Government to build up a merchant marine … have been largely spent in high salaries, extravagant expense accounts, highly paid lobbyists, and huge dividends,” Black states.
Congressional Record, Session 73- 2 (1934), 3178-3179. Public domain via the Internet Archive.