US Navy budget approved according to the Dutch newspaper De grondwet dated 6 May 1902

An item dated Washington, USA 25th April reported the approval of the naval budget of 74 million US dollars for the US Navy. For new building was 28 million available to build 2 battleships, 2 armoured cruisers, 2 gunboats and other vessels. All vessels were to be of the highest quality and demands. For that reason was not automatically the lowest tender accepted. Building costs of each 16.000 tons battleship 3.212.000 US dollars, for the 14.500 tons cruisers each 959.000 US dollars and the 1.000 ton gunboats each 382.000 US dollars.