New-York tribune., 1901-08-22
ITO BUILD STEEL SHIPS.
PLANS FOR GREAT CORPORATION TO
UNITE ALL THE SHIPYARDS OF
THE COUNTRY.
THE COUNTRY.
tRr TELEGRAPH TO THE TRIBUNE J


Cleveland. Ohio Aug. 21.-When plans now
being worked out are fully developed, the Amer
lean Ship Building Company. with general offices
in Cleveland. will be a constituent company OF
a great corporation with control of all the ship
building plants Of the United States. The back
ers of the enterprise the interests behind
the United States Steel Corporation and the
Pennsylvania Railroad. AS soon as the organi-
cation is completed, which will be before the
opening OF 1902 a commercial battle for the
conquest of the world will begin.
All information concerning this new project
of the community OF interests in the financial
world has BEEN carefully guarded that hardly
an inkling OF the scope Of the work has been
allowed to get beyond the condolences Of those
who are expected 10 have a part In #. and the
ful lscope of the work under way will not
be known until other enormous projects which
are on foot have been al least In part develope7
The first intimation OF the intentions Of che
United States Steel Corporation and It's allied
interests came through the recent purchase OF
the Bethlehem Steel Company by Charles NJ.
Schwab. president Of the United States Steel
Corporation and the exclusion from a footing ia
the arrnor plate production OF the country of
the Maxim Machine Gun Company. an English
corporation. The next step in the PRONUNCIATION
Of the enterprise was the purchase by the
Pennsylvania Railroad OF the PENNSYLVANIA
Steel Company and the Cambria Steel Company,
and the last one which has been brought 10 the
public notice was the incorporation into a single
company OF the shree shipyards the Pacific
Coast, including the Union Iron Company. OF
San Francisco; the Risdon Iron Company. of
San Francisco, and the Moran Brothers ship
yard Of Seattle. Wash
In addition 10 these plants negotia tions are
under way to include in the organization the
American Shipbuliding Company. in itself the
Shpyards Of the great lakes the Bath Iron
Works. of Bath, Me; Cramps Shpbuiding
Company Of Philadelphia; Roach's Shipyard. of
Chester, Penn; the Sparrow Point shlpyards
Of Baltimore: the Newport News shpyards and
the new yard which has recently been started
by James j. Hin, In Providence r. l. In addi-
ton 10 these there several other shipyards
OF minor Importance. and whether these ar %
be included at the outset Is uncertain.
What the capitalization is to be has not even
been hinted at, other than that the information
Is abroad that with the steel plants included
and with the allied interests represented. II will
require a capitalization up into the hundreds Of
millions.
All Of the minut9 has not been gone into so
far concerning the especial provinces of the
various plants TO be included in the big. COM
pany, but the understanding is that there is to
be division Of territory and division Of labor
that will insure the very best results at the
minimum OF expense
The plan also includes working agreement
with the United States Steel Corporation, by
which the two interests. backed by the same
financial houses shall not allow their interests
TO overlap or antagoniZe one another.