The herald., 1895-11-29
Will Be Increased Before the
New Year
A CASTIRON POOL FORMED
Patterned After the Plan Formed by
the Railroads
Vessels Making Regular Voyages
Across the Atlantic


Associated Press Special Wire.
NEW YORK, Nov. 2s.-A local paper
says: Before December 4th, when an
agreement which the Continental stea M
ship lines have Just ratified goes into
effect, an increase in steerage rates will
be announced. This is one OF the most
important steps ever taken by the stea NJ
ship companies toward the organization
of a cast iron pool. 1t is the forerunner
OF scheme. according to a we'll in.
formed steam ship man, to advance first
and second class rates OF transatlantic
travel as we'll. 1t is a pooling of issues
similar to that recently formed railroad
combination in which the CON petition
is put out of the question and the profits
of the companies interested are increased.
Thus far only American, Anchor, Gu.
nard, Allan, State and White Star lines
are interested in the pool. 1t is under
stood however, that overtures will be
made to the remaining Transatlantic
lines, and already the question of q uni
versal form alton has been placed before
these lines. So important was the work
connected with the formation of the pres
ent pool that the presence of j. Bruce
Ismav, of the White Star line. and G. A.
Gr.scon, Of the lnman line, was request
ed. Mr.. Ismay came purposely from
Europe to attend the conferences, which
were held every day for two weeks in
this city. AS result of the prolonged
labors Of the British line steamship rep
resen tatives it is learned that it was de.
cided to increase steerage rates from 81
to $40 on each ticket. None the less
important action was the adoption of a
unique scheme, the divisiug and sugges-
tion of which is credited to Clement A.
| Griscon, whereby the strongest kind
| OF a pool was possible was formed. The
all the steamships CT the pooled COM
panies into various classes. some to be
entered in /. class as low as fifth. Such
vessels as the st. Paul, St. Louis,
,, Campania, Lucania, New Yurk, Paris.
Tn bra, Teutonic and Majestic will
comprise the first class. Steerage rates
of travel on vessels from this port will be
placed at an almost prohibltive figure.
| That is, where it formerly cost from $40
| to $25 to travel on these steamers, the
rate viii be raised to $50 and $3l. This is
! within few dollars or the second class
| rates on these stsams ships.
| The vessels eligible for the second cluss,
| in which the steerage rates have been
! figured on ut q decrease OF rom $3 to S.
from the srst-class rates, arc such craft
as the Etruria and Elyria of the Cunar'i
| line "a driatic and Britannia OF the White
| tar line. and Chester of the American
! line. The rate on these vessels will not
| be less than $27 which is much higher
| than the existing steerage rate on any
| transatlantic line. The storage voyageI
Will tegin to get his transportation at
| something like reasonable figure when
he condescends to patronize the third
| class vessels OF the pool. These rate oi
the class of the Furnessia, Ethiopia and
Ancnoria of the Anchor line. Rates will
! be proportionately reduced on these YES
| sells, and still greater reduction can be
! had by taking passage on the vessels oi
| the fourth and fifth class The former
! will be the slower boats Of the Allan and
| State lines, the State Ct Nebraska, the
State of California aud the State Of Ala