Archive Report
Archive Report
The five-year naval building program submitted by the administration to Congress for enactment at the present session calls for the construction of 74 new vessel's, including three fleet submarines left over from the 1916 program, at a total estimated cost of $740,000,000. The program is the largest ever proposed to Congress in time of peace. It is exceeded in the number of vessels proposed to be authorized only by the program adopted by Congress in August, 1916, seven months before the United States entered the World War.
The new program calls for five aircraft carriers to cost $19,000,000 each, one to be laid down each year for five years; twenty five 10,000-ton cruisers to cost $17,000,000 each, five to be laid down each year for ...