The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-07-03
THE EXPRESS STEAMERS.
AUSTIN CoRBIN TO REVOLUTION.
lie TRANSATLANTIC TRAFFIC.

LIE TRANSATLANTIC TRAFFIC..
10 Sail From Montauk Point and Fly
the Stars and Stripes - The Ocean
Trip to Be Reduced Two Days-Fast
Time for Mails-Carl Schurz Says a
New Era Is at Hand in Ocean Travel
and American Shipbuilding-An Elk
elusive Passenger Carrying Ocean
Ship Completed at Baltimore
(CepTf0htO
NEW YORK, July 2-Pserless steamships,
that will fly the stars and stripes from their
peaks and make the ocean voyage to Eu-
rops in less than Eve days, are now prom
Used by American money kings. American
capital will at last restore this country TO
her long-vacant place as leader in trans
atlantic traffic Recent acts of congress in
allowing English ships to fly our flag, IN
der certain conditions, have brought this
great scheme Of revolutioniEing ocean travel
80 It's elimination.
Men of millions have been plotting and
planning for a dozen years to make grand
coup de grace in ocean traffic. The passage
to Europe Is TO be reduced very nearly fifty
hours. The promoters of this great rsvolu-
ton IN the transatlantic trade are not
visionary schemes, but moDeyed and prRc-
tical men. They hrst secured the pas
sage Of the postal subsidy act by the
last congress This measure entities ships
of American register to $4,000 round
trip, or about $50, 900 year each, being at
the rate of q mile for each mile Travelled
on the outward voyage, and upon the as
sumption that about twelve trips year
will be made by each ship. Their next step
was to secure the passage OF a bill to admit
to American registry foreign built ships.
but with proviso that an amount Of ton
mage must be built in American ship yards
equal to that admitted under the flag. This
wilt entitle all the ships TO the fat gift of
the government provided by the postal
subsidy bill.
Speed and safety have always been the
great requisites, and the new ooean grey
hounds now building for $4,000, 900 COM
pany composed Of American capitalists,
will, 1t is claimed, eclipse anything in the
steamship line ever before known.
IT WAS AUSTIN CoRBINs IDEA.
For more than ten years party of Amer
fcan millionaires, with Austin Corbin at
their head, have been figuring out the
problem of how to materially reduce the
time to Europe 1t was Mr. Oorbin, the
king Of Long Island, as be is known among
his associates, who first thought out the
scheme and then interested others.
After repeated postponemsnt OF inter
views, owing to the incomplete condition
of bis plans, have succeeded In getting the
bottom facts about the new transatlantic
line Of lightning ships. In 1889 Mr.. Corbin
secured $4,000 acres of land at MontAuk
Point, Long Island. 1t is pretty generally
known that be owns all the railroads on
Long Island and that his railroad facilities
to this point could be made TO ill any
Requirements. Well, inside Of MontAuk
Point, Long Island, Is Fort Pond bay,
WbRFR Mr. COrhin Ehare Ia la4c
than forty feet Of water at low tide. Mr.
Corbin figured out that a ship could leave
Montauk Point without regard for
wind or tide and cut across
lots, as it were, for Europe, touoh>
ing at Milford Haven, Ia Pembroke,
Wales, where there is q hArbor of I5xS
miles of deep water large enough 20 anchor
all the ships Of the United Kingdom. This
passage would cut the distance down 800
miles, and as there would be no waiting for
tides in passing over the bar OF New York
harbor, regular time table could be made
With this cut in the distance, and faster
ships, Mr. Corbin concluded that the voy-
age across the Atlantic could be made in
less than five days the distance between the
two points being 2 81 miles
In this great ombinstion formed 10 revo-
Iutionize ocean traffic are officials high Ia
railroad aud steamship companies The
Pennsylvania railroad and the New York
feeders for the new transatlantic line And
here is how IL is to be done:
DETAILS OF THE BIG SCHEME.
For several weeks past there has been
great mystery in Wall street over the act
tvity in Austin Corbin's Long Island rail-
road stock. The mystery lie at once cleared
up by the statement Mr.. Corbin authorizes
me to make that the Long Island and the
Pennsylvania railroads have Joined hands
20 bull
lyn. The agreement has already been
signed between the two companies and the
papers FOR the incorporation Of the COM
pany to build the passage under Now
York and the Hudson and East rivers have
just been filed in Albany. The New York,
New Jersey and Eastern Railroad Company
is the name of the corporation, and is was
incorporated to build maintain and oper-
ate railroad from Flatbush and Atlantic
avenues, Brooklyn, under the two rivers
and Manhattan Island 60 New Jersey, the
length being five miles In New York and
one mile in New Jersey.
This is one of the most important branches
of Mr.. Corbin's mammoth transatlantic en-
terprise So far he has enough land on
Montauk Point TO build city, all the roads
on Long Island, the probable privilege to
buy half of his ships in the cheap reign
market, the American registry and subsidy
for all his vessels and the privilege to build
buAueA lTOu tuS I0nnSylYAnlA depot In
Jersey City to his Long Island railroad depot
In Brooklyn and the New York and New
England railroad running express trains
direct to Long Island, where connections
are made with his hue OF fast expresses
from Flatbush avenue, Brooklyn, to the
ships side at Montauk Point. The Penn
sylvania road he depends on for all the Eu.
ropean passengers from the west. and the
New York and New England win be the
feeder for the eastern states. Now listen TO
MIR. Corbin tell in his own language of this
gigantic scheme.
MR.. CoRBIN UNFoLDS HIS PLANS.
"For more than ten years." said Mr.. Cor.
bin, when met him 10 his private office In
the Corbin banking house, on Broadway, 81
have worked most assiduously on this en-
terprise, and at last my efforts have been
crowned with success A few weeks ago
Mr.. Chandler of New Hampshire intro
duced In the Senate a bill to authorize the
registration Of certain steamships as vessels
of the United States. When that Is passed
we shall start work. Myself and associates
propose to organize an Incorporated com
pany under the laws OF New
York State. to be known as the
American Steamship Company, with
capital Of $4,000 600, for the
purpose Of constructing, owning and pur-
chasing a feet of first-class naaSaooar