The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-09-30
FOR A GREAT SHIP COMBINE.
Americans Said to BE Engineering
an ImDortnnt DcnI

az AAlIpFlinI lJenl-
PHILADELPHIA. Sept 39.-Rumors Of
great combination of shipping lines. in
FolFlng the trade with China and the
East, as wei as the transatlantic carry
ing business. and which grew out Of the
trip made abroad by j. Pierpout Morgan.
with the subsequent purchase of the Ley
land Steamship Line. have been revived.
and dpon apparently substantial grounds
Among those mentioned as likely 10 De
interested i'm such "a combination are
Clement A. Griscom. President IF the In
tornational Navigation Company. T. A
B. Widener. William l.. EIkins. and
Thomas DoIan. When Mr.. Morgan was
in Europe Mr.. Griscora, Mr.. EIkins. and
Mr.. Widener were also there. and return
ed on the steamer with him. This was
held 20 be significant. though one Of the
gentlemen declared, upon the return OF
the party, that no such thing as a ship
ping combination was discussed during
the voyage.
Though no confirmation Of the report
could be obtained today. the fact that
one Of the gentlemen said to be interest
ed refused to deny it's truth was taken
as indicating that such a project is on
foot Jacob H. Schiff who represents in
this country the house Of Casscu * Co.
Of London. and who is associated with
kuhn, Loeb q Co, OF New York. has been
abroad. and IL has been cOnjectured that
his visit was in the interest Of a cOmbi-
nation. and that upon his return the pro-
Ject will be carried forward. The sudden
rise in HambUrg-Americau stock on the
Berlin BOUrse is also taken to indicate
that big combination may De looked for.
William l. EIkins. when asked as to
the truth 0f the report. was non-cOmmit-
tai There is nothing to 1t up to the
present time" he said
do you look for such n combination in
the near future
That is leading question. and I do
not care 10 answer 10, he said
1t has been reported. Mr. Elkins, that
the trip abroad taken by Jacob H. Schin
was IN connection with the proposed com
biuaton. Is that cOrrcct2--
As ! said, Mr.. Elkins replied. there
IS nothing IN the matter up to the present
uiat, ana do not care 10 talk about it,
The London papers are giving Credence
10 the rumors, and the Daily Mail SAYS
that the company lis on the eve of its
Courier says that. while China and the
last Wlll be the first objective points the
control Of the Atlantic carrying trade
Wli soon follow 1t Is COnJeCJursd that
the capital Of such a company would -u-
pr0NimarC S25uun.gnu
In connection with the talk Of n great
talked-Of Cramp-EiCker- Ma kim BethIe-
ht m union - revived IL is believed that
Mr.. Schlns trip abroad also had TO DO
with thu proposed Cumhina ton OF inter
eSts. ard, though Bethlehem directors
have stated their belief that the steel
company viii be run as az present those
Interested on the other side assert that
IN, deal Is by no means of a Cr4uu
stakeholder said Yesterday that ne knew
that no veto upon the union had been
placed by the underwriting syndicate of
m lnited States Steel Corporation
which, he continued, controls the BefhIe-
htIH interest The Nickcrs- Maxim inter
est. he said, Is stil eager for the carving
out or the plan, and he looks upon II as
Stlli likely to be carried out
A check covering the amount To be Maid
Tor the minority stock I'm the Bethlehem
steel Company was on Saturday turned
over by DreNel d Co To the Girard Trust
company. The amount 90 be paid FOR
INC minority holdings is In the ueighIlor-
n'od OF H5.N1JpU1- Nearly an the minority
holders have awaited themselves OF mo
opportunity % sell The deal which was
dTTdi.Scd by Charles ". Schwab involves
q cash payment Of more than 5000 ga1 tht
price paid for the stock being so n share
According % London reports. the three
important Bilboa- Spain. iron producing
companies are 70 be- consolidated ON tho
INES " the United States steel C0rDnra-
ION The capitaL IL ~ stated VIII b.
ABOUT Rl5.p0ch The Pilboa shin works
owned by the Charles Palmer ShIDbufd-
ing ana Engineering COMPANY az Erp-
In the project ~