The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1901-05-10
]. p. MORGAN'S
LATEST SCHEME

NEW YORK, May 3.-The journal of
Commerce says: Steamship interests
at this port are still actively discuss
ing the purchase of the Leyland steam
ers by j. p. Morgan. There is a very
general feeling that Mr.. Morgan would
not enter into a transaction involving
only one line, but no definite informa-
ton has been received in this city, so
far as could be developed by a thor
ough canvass of other lines, which Mr.
Morgan has in view. 1t seems an ac-
cepted fact, however. that the Allan
tic transport will be included. There
seems also a growing belief that the
International Navigation Company
will be included, though Mr.. James
Wright, vice president of the company
still denies any knowledge of negotia-
lions.
Mr.. John Lee, manager or the White
Star line, when questioned, said his
line had not been sold, and was not
likely to be. Mr.. Baker president of
the Atlantic Transport line, is in Eng
land and is reported to have given
Mr.. Morgan control of that line and
Mr.. Morgan is reaching out in all d.
rections."
TT has been Mr.. Bakers pet
scheme" said bIr. Lee, for years. to
amalgamate and consolidate all of the
Atlantic lines, and this is the begin
ming. But he cannot accomplish it;
nor can Mr.. Morgan"
There was some disposition among
shipping interests to argue that the
requirement of the Leyland steamers
tho int q
sion of Congress of the ship subsidy
bill on entirely new lines.
The Morgan purchase includes the
various Leyland services, except that
between Liverpool and the St. Law
renee. A private cable says that for
five days the Leyland line held off for
the Canadian business, insisting that
they should be permitted to run their
steamers to Portland, Maine, il not to
Boston, during the time that naviga-
ton on the st. Lawrence is closed by
ice. A compromise was effected, where
by Portland was omitted, and the de-
mand for a Canadian route granted.
This means that for eight months of
the year, the LeylandS will maintain
a passenger and freight service be-
tween Liverpool and Montreal.
In regard to the rumor, Mr.. Emil
Boas, of the Hamburg American line,
said that 1.-THE Hamburg American
line is not for sale, and II Will not be-"
When questioned, Mr.. Gustav
Schwab's representative said that any
report that the North German Lloyd
could be bought was untrue.
At the offices of the Cunard line
was known of Mr.. Morgan's
attempt to purchase that line. At ].
p. Morgan's office it was said that no
new word had been received from
London. What leads TO the be-
lief that the Cunard and White Star
ls,,. ,,.g1I \, a.. ~.
fact that these ships are subject to
the call Of the British admiralty, hav-
ing been built in accordance with the
laws, and ii was in receipt
Of certain annual payments, besides
having the English mail contracts.
PHILADELPHIA, May 3.-John II.
Lewis, vice president of the Merchants
Trust Company, one of the incorpora-
tors of the Philadelphia Trans Atlan-
tic Steamship Company, discussing the
plans Of the company Incorporated at
Trenton, with S2,500,O0O capital stock.
said:
The company has not been organic
ed in the interest of any syndicate or
IL is the intention Of the
company TO build its own, a s well as
charter steamships primarily for
freight and transportation purposes.
They viii run between this city and
London, and while freight is the main
feature, II is probable that some OF
the steamers viii carry passengers"
Mr. Lewis declined TO go into details,
on say whether this was not the one
part of the Morgan scheme which had
been assigned 10 the Philadelphia and
Reading Company 10 work out Other
men here think that this Is
the Reading part OF the general Nor
gan scheme, and point 90 the fact that
Ihr two other uurporAtors named in the
from Trenton b. w IHNpf
ANA } Taylor compose ihr hrW ~
'hurlrs THyurH sons who are mana
gers ~ thr Reading Railroad compa
u}'s n.gt ~ eight vessels which uprr
atr uudrr tHH name uf the Philadelphia
agreement f1I interchange uf business
Nlth fruT NrIFht a sons ~ thls city
lU lnls connection attention De- called
iu ths Mrf thHt tHr Manchester Iine
controlled h} mo lrtlaHi company
nlIl lu. ai thr itHiInfH Port lArh
H.UI NhaFRfH.
nATli Maur Nay A telegram
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Al ua OnHf hat ln connection WlW
INt #aFtnlb million du|IHf fhlp fHWul
nation fIfHHH IU hIH 1Hfh Hn IuraH
HaI Na lah lran Mafkr Company
HHi ih| iiad. WHd.Hrf Company are
~ rr.iIH iHp Hud d gH4fifr millions
iHr pr $3.50 HHuiH ~ lhlH HHW A.
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