The evening times., 1899-04-24
FOR AN ATLANTIC sH1PYARD.
Capitalists strive to Sc
cure the Great Plant.

Baltimore, Nd, April 2i.-Defnite ac-
ton is expected to be taken this week to-
ward the selection of the location for the
49, 600. .00O shipyard which is to be built on
the Atlantic coast by the company headed
by Henry G.. Morse, of Youngstown, Ohio.
This is the project which was brought to
the attention Of Baltimoreans early in Feb
ruary and number of influential busi-
ness men took hold Of the proposition with
the purpose OF bringing the shipyard to this
city. Other cities have been equally ac-
tive in the matter, and inducements have
been rendered Mr.. Morse TO secure such an
industrial prize. Chester, Pa, and Cam
den, n. j., have been especially cOnspicu-
Gus in their efforts to get the new ship
yard. Offers of exemption from taxation
have been made by both cities, and it had
been reported that one OF them had decided
upon by the company formed to establish
the shipyeard.
Mr. Morse has also been accommodating in
formation OF the conditions essential TO the
success of such a plant in Baltimore He
intends to come to Baltimore tomorrow ana
confer with the men who are working 10
secure the plant for this city, and II Is be-
lieved that OH the result Of this interview
will turn the question OF whether this city
will secure the new plant.
Prominent among those who have taken
a financial as well as an active interest in
bringing the shpyard here are jenkins
Brothers. including Messrs. Michael Jen-
kins, George c. jenkins, and Joseph w
jenkins, jr: Messrs. Nelson Perrin. Henry
Walters, and II. A. Parr.
When the project was first presented II
was proposed that one-half OF the capital
be furnished by Baltimore. This meant
Of in
less than this amount, however. had been
rendered when the applications from cap
italists principally in the West. we're SUI
ficient to supply the entire capital OF 20
900 900. II is said that among the stock
holders are leading interests in the Stand
ard Oil Company.
The securing of the greater portion of
the capital outside of Baltimore put the
| company in a position where it was not
committed to any special location for the
new plant This started a number OF cities
after the enterprise, which is planned to
compare with any of the greater shipyards
of the world
Mr. Morse, who is the executive head OF
the new company, is well known In the
shipbuildng world He left the presiden-
CIV of the Edgemore Bridge Works to be-
come president OF the Harlan Hollins-
| worth Company, OF Wilmington. and re-
| tired from this position to take up the
| plan for the new shipyard. Shipyards in
| this country and abroad were closely stud
| led and the plan for the new establish
ment embodies advantageous features that
| have been tried, as well as number OF
| improvements which are original in char
| acter.
1t is estimated by competent authority
that the work already under contract with
American shipbuilders is sufficient to keep
the present yards busy for about two years.
| The expansion Of American commerce has
already brought in sight promise for
large number of new ships for some years
| to come. American steel and other pro-
ducts are even now sent abroad to be used
| in building ships. and with this success in
| supplying foreign builders with material
| the next step Is to turn out the finished
| product In American yards. Shipbuilders
take a roseate view of the outlook. and
| tae year 1899 is now conceded to usher in
| new era in the history Of this industry.