The evening times., 1901-11-25
MUCH DEPENDS ON
SHIP SUBSIDY BILL
BIG STEAMSHIP TRUST REPORTED
Its Contamination Dependent Upon
the Action OF ConErcSs-RumOrs
Heard in vail street-AttI-
tude of british Liners.

NEW YORK, Nov 25--It is openly as
serted in financial circles here that
great American steamship trust has been
formed. dependent on the passage Of the
ship Subsidy bill That a combination o.
British vessel interests viii follow. is said
TO be equally sure. In brief, there may
be Two steamship trusts. each the rival
Of the other
Rumors of cOmbines-to-be, followed by
denia1s and fresh rumors, have followed
one another II rapid succession for more
than q year.
Il was said that J. PierPont Morgan had
purchased the White Star Line Denial
followed on the heels or the report Then
in succession Mr.. Morgan was credited
with The purchase Of the American. the
Red star, and the Atlantic TransD1r, lines.
II was even declared to be hls intention
TO buy the CunaTd Line
All Of these reports were absolutely de-
MED by the agents of the lines mentioned,
! & nd II was Impossible 10 get The slightest
trace Of the source OF tne rumoTs-
Steamship men now lock with biase eyes
on me kaleidoscope of rumors and deRiajs
that fash before them They know that
the truth Will not be known until the ship
Subsidy bill has either beea passed or
Morgan VIII Wait.
Thus far they are sure Of but one ;hing
That is that J Pierpont Morgan has the
great Leyland line and also al interest il
the Atlantic Transport line, which owns
some OF the largest freight-carTieTs en-
( tering this port. They feel sure that the
/ great hnancieF, who now controls more
! than q, coo, 0O0 tons OF transatlantic yes
! sells, Is reaching cut Tor still more ton
mage.
! It stands TO reason, taey think, that The
/ British lines Will combine against the
powerful organization Of MIR Morgan
As II TO confirm the report that Morgan
/ desires more ships came the report Sat
/ urday that the White Star. Leylaud. At
( lanJic Transport. and Dominion lines h1d
! been secured BY American capital and
1 combined TO AFFORD 3 semi-weekiy service
/ between Liverpool and Portland, Ne n
I connection with the Grand Trunk Rail
I way
Another rumor had It that the eombina-
tion was TO take in connecting railway
lines at Montreal and New York. opera
/ ting two lines OF steamships between
| these points and Liverpool
Il seems TO be impossible to get the
Z least proof OF these reports SSSE4LllSl
! everywhere had heard OF the alleged deal
! No one professed TO know anything about
it At the White Star line the denial that
has been made and Teuade regarding
every rumor that has included this line
was again repeated.
To ascertain how interested the steam
ship men are over these Fumors OF steam
ship deals. it is only necessary to make a
round Of the steamship Offices. They are
equally chaTy Of opinions II is almost
impossible to induce q single man to talk
in quotation marks unless il is TO deny
a specific rumor regarding his own line
Said one who has watched the situa-
| tion;
1T does not require an acute mind to
discern that Mr.. Morgan, when his com
| bination is systematized and in actual
running order, viii control a vast amount
of the transatlantic traffic. He has some
of the biggest freighters out of this port
He can establish a service that will eat
{ into the British carriers interests enor-
mously-
The British lines must combine or
freight and agree on prices, just as they
agreed on passenger traffic. There is nC
other way Precisely how this VIII bt
brought about it is impossible to say now
As to the Subsidy Bill.
The Americans are waiting to heaI
from that Ship Subsidy bill, and II 70,
knew the inside facts you would, doubt