For $15,000,000 Battleship.

New York Times 100 years ago today, August 20, 1912:
Senate Agrees to Naval Conference Report — Waits House Approval.
Special to The New York Times.
    WASHINGTON, Aug. 19.— The naval conference report, which was agreed to to-day by the Senate, but awaits approval by the House, compromised on one battleship "carrying as heavy armor and as powerful armament as any vessel of its class, to have the highest practical speed and great radius of action" and to cost $7,425,000, exclusive of armor and armament. This is $1,425,000 more than the limit of cost imposed on the battleships Oklahoma and Nevada, authorized last Spring. The proposed battleships, when completed, will cost $15,000,000, as compared with $12,000,000 each for the two authorized in the last Republican Congress.
    The naval programme authorized by the conference agreement, in addition to the battleship, is as follows:

    Two fuel ships, costing $1,140,000 each, exclusive of armor and armament.
    Six torpedo boat destroyers, costing $940,000 each, exclusive of armor and armament.
    One tender for destroyers, costing $1,315,000, exclusive of guns and armor.
    Eight submarines, to cost in the aggregate $4,480,000.
    One submarine tender, to cost $1,000,000.

    The aggregate cost of this naval increase will be $22,140,000, exclusive of guns and armor, as compared with a naval increase programme last year valued at $24,245,000.