Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1901-05-03
lHoRGAN'S LATEST MOVE.
Purchnsca the Lcy1RpJ Steamship
Line rnd Is Negotiating
for Another

London, April 30.-It has heen re-
ported that the Leyland line of G5
steamers, engaged in the Atlantic,
Mediterranean and West Indian trade,
has been purchased by j. Pierpont
Morgan and that deposit of 81, ,250, 900
of the purchase money has been paid.
MIR. Morgan and his associates are said
to contemplate further purchases of
British shipping. This means that the
restless American financier, not con-
tent with organizing the iron and steel
business on the greatest scale ever
dreamed of, is now moving to give
America the most complete merchant
marine service that is possible. Con-
trolling the iron and steel of the Unit
ed States, and through that power
practically controlling the product of
the world, he will now have the vessels
to ship the product anywhere demand
ed by his patrons.
The Leyland line of steamers is one
of the greatest in the world. 1t is said
that its purchase by Mr.. Morgan is
tantamount to II consolidation with
the Atlantic Transport company,
which owns a fleet worth 100000, ,00O.
If this consolidation becomes an actual
fact it will mean the greatest trans
portation service in the world.
The Daily Express asserts that the
tinanciers for whom j. Pierpont Nor
gan is acting are ordering ten big
liners. and that the Americans will
spend ei0,000,o00 upon new vessels
during the coming five years.
New York, April 30.-At the Office of
j. Pierpont Morgan & Co. it was said
that no confirmation of the report of
the purchase of the Leyland line had
been received, nor could it he denied.
Members of the firm said that they
had no knowledge of the matter what
ever. Afterwards it was intimated that
this was but the beginning, and that
other lines were likely to be brought
into the combination.
The Leyland line is one of the largest
in number of ships in the world. about
60 vessels being in its fleet. Most of
them are in use on the north Atlantic.
There is also line to Mediterranean
ports and one to Lisbon. Recently the
company acquired by purchase the 20
ships of the West Indian & Pacific
Steamship company.
These ships run by two routes to
West Indian ports, and call at New
Orleans on the return trip. Seven
lines from this country are operated
by the Leylands. the Boston to Liver
pool, Boston to London. Portland.
n tn i,fN
pool, Quebec to London, and New Or
leans to London and to Liverpool.
The chief business of all these lines
is freight, but the newer ships have
accommodation for passengers. The
has been largely interested
in transport to South Africa for the
British government. Six of its ships
are now at Cape Town. 1t has car
ried most of the mules and the horses
bought in this country to the Cape
from New Orleans. The Leyland line
is the second largest steamship COM
pany to pass out of the hands of the
British in last year, the principal
line of ships in the China coastwise
trade having been bought by a Ger
man company in 1900.
1t is stated in some quarters that
the Atlantic transport line will be
consolidated with the Leyland line.
The Leyland property was recently
appraised at C G15,0O0,0O0.
The Atlantic Transport company's
fleet, estimated to be worth G4,O0O.-
900, making the total amount involved
6 100000 or nearly S1O0,O00,OG0.