The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-29
VALIANT COMPANY, LIMITED.
wHY THE 1hoHT rs CONTROLLED ri
an ENGLISH CORPORATION

Have n Repetition OF the Co,aueror
TroubIe-Tho Company, However, wn.
Probably Formed Before the Courts De-
| cided His BROTHERS Case Can the English
| Government Seize Her In Case OF War,
When W. X. vanderbit's magnificent new
steam yacht Valiant arrived at this port on
Friday flying tho English yacht ensign and
| registered ut tho Custom House as the prop
| erty OF the Steam Yacht Valiant Company,
Limited. instead OF az belonging to Mr.. Van
| derbilt, yachtsmen shipowners and Custom
| House officials were alike surprised and con-
siderable speculation has been INDUCED in
since as to Just what this was done for Ac-
cordinG to an English paper. tho London FAIR
play the company is organized on the follow
ing basis:
Steam Yacht Valiant Company. Limited
Capital. 100000 In 81 shares. Objects. to
purchase own. and work. for tho purposes Of
pleasure only. the steam yacht Valiant, OF the
port OF Liverpool. to enter into an agreement
with W. X. Vanderbilt and to carry on the
business Of shipowner with respect to tho
above yacht only. The first subscribers are:
Share.
W. X. Vanderbilt 600 Fifth avenue New York .......l
W. Hoyt AZ West Seventeenth street New York. ..1
H. Morrison GAO North Fifteenth street. Philadelphia
J. Laird, 83 Church street. Brkehheai.. ........1
J. N. Laird, The Cottage. OAton Brkenhehd. ....1
J. s. Kind 03 Church street. Brkcnhead
C. Nicoi, 155 Bridge street. Birkenhead. .......1
o. Mills 10 Broad street New York.
mfr. W. X. Vanderbilt is to be the governing
director Of the company until he resigns Office
dies or ceases to hold $50. 900 OF the capital Of
the company"
From tho above It will be seen that
the company Is composed OF Mr. Van
derbilt. his private secretary, Mr.. Hoyt his
captain. Henry Morrison. the Laird brothers.
tho Valiants builders. and some OF their en-
ployees at Birkenhead. and Ogden Mills. q
friend OF Mr.. Vanderbilt's in this city. While
no two persons could be found to agree YES
terday rs to Just what standing the Valiant
occupies in the shipping world here every
one seemed to think that Mr.. Vanderbilt in
organizing the yacht company had done
30 with an idea OF avoiding the un-
fortunate complications which beset his
brother. Frederick W. Vanderbilt when
he brought over the EnGish-built steam
yacht ConQueror some two years ago.
The Conquror. which arrived here in July.
1891. was first held for payment Of light and
tonnage dues and afterward under instruc-
lions from Washington. Collector Fassett
siezed her of Staten Island on Aug. 81. 1891.
an article Of merchandise, The Government
appraiser claimed s9methnE Ike ss2 900 in
uulleS. MI NanQeTDllL through lawyers
and claimed that he had no lurisdie-
the to he States bs4e
Court and Mr.. Vanderbilt won his case and
get a verdict against the Government for
vessel. The Government. however. was not
satisfied. and the case was taken to the Circuit
lower court was UNANIMOUSLY an rmed. Mr.:
,Shnderbiit. In the mean time having secured
Whs e e Rs ' 2ns practically been told
before 1t vii doubtless be surprise to every
Government for the unlawful detention OF his
yacht ltseems that there is no apbr9pria;;
that n special bill will have to be introduced
In Congress or suit brought through the
and other reasons are said to be the cause OF
Mr.. ". X. VanderbiIts action.
that tie ant Is here tie whh
controls her will transfer or sell her back to
NJ. Vanderbilt, and that she will soon occupy
the casom h H the s5s Valiant ali
sho was not liable Tor light Or tonnage
While no official opinion was vouchsafed as to
what the valiants standils w1uid be In case
S that ssa
to ileht and tonnage dues. whicS would prove
:, Up at the New York Yacht Club. however.
point Superintendent NelIs Olsen. who usual
y knows what he is talking about. said that
ish COMPANY to protect Himself from an annoy
ing detcntions and delays. and that as soon as
she arrived here he had got q charter or bill
the case Of the steam yacht White Ladye. which
hs FEW ana ,bst ago 0m Mr.
eso aHf ehe'IS to and 'S %
american flag, and added that she went up the
Sound Yesterday: Tying fy the American Yacht
Amercan register and this she Hes cannot ann obtain
without some special legislation, as was done
IN the case of the City of Paris and City OF
brought up in connection, with the valiant
the the sinking Of the e Ava. Nj ysnderbit,.
on more than one occasion. said that the
and boat Was that sSs
could be turned into nm auxiliary cruiser IN
s 81 sd hr1 sss sss b
in case OF need. Just how this could be done.
now that sho Is the property OF ~ English
is difficult to see. rs the English Government
wn have eors 5sh ss sH I
yacht Broker Thomas Manning. ono Of tho
ters Pertaining to Yachting in spoaiins Of the
to understand why MIR. Vanderbilt found II
necessary to form a company to bring his yacht
over here unless It was formed prior to the de-
cision in the ConGuerOr case. The Conqueror
case covered everything that could have been
brought up by the Government against the
Valiant, and as long rs that case stands tho
Government could not interfere with her In
any way; and must say do not see the neces.
sty OF Mr.. Vanderbilt bringing her over that
way. AS l think it makes needless complica-
tions.
Spies In the GuIse OF Ynchtsmen.