The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-01-21
ASHIPBUIbDING COMBINE
Reported Plan to Consolidate the
Principal Yards in America.
Proposition That the Different
Glasses of Vessels Shall he Con-
ments - capitalization Placed at
SGO.0OO.OOO-Not t., Fight Cramps.

NEW YORK. Jan 21.-It was yesterday
reported that a renewed attempt is be
ing made to bring about The consoI. daticn
Of number of shipbuilding yards
throughout the country for the purpose
of bring them under the same manage
ment and dividing the work in such
manner that each yard shall have dis
tinct class of work Capital amounting
TO about $50 coo, O0O, it is said. will be N
vested in the enterprise.
While the Cramp ShipbuIding Com
pany. of Philadelphia, viii be regarded as
the principal competitor, it is expected
that negotiations will be concluded which
viii result in that concern and The pro
posed combination working in harmony
Charles r. Flint of Flint. Dearborn d
Co. the chief owners of the American
Steamship Company, which operates a
line Of vessels between New York, San
Francisco. and Honolulu is said to be
largely interested in the negotiations that
are pending. Mr. Flint salk today
that he could say nothing about The sub
ject at this time Undue publicity al
present might injure the chances of the
passage CT the Ship Subsidy bill. 1t IS
y
lawyers IS engaged in arranging tie Il gal
prelIminarieS-
meeting of persons interested in the
scehme was held at Richmond Va. a few
days ago. Among those who were present
were Charles R. Flint and Irving NJ Scott.
President of the Union Iron Works, OF
San Francisco. which built the battIeship
Oregon, the cruiser Charleston. the mon
itcr Monterey and other war vessels for
This Government p ua1l covapaE
ers Tor the japanese Government The
Newport News Ship Building and Dry
Dock Company OF Newport News, Va,
the Harlan & HoHingsworth Ship Building
Company Of Wilmington, Del, the PrIgg
Ship Building Company of Richmond. Va,
the New London. Con: the Bath Iron
Works CT Path. Ne, and The Morse Ship
building Company, Of Camden. y j.
were also represented. While nothing
was done IN the direction of formal or
eaniZation II was decided that the out
lock was sufficiently encouraging and the
enterprise probably viii be carried to
successful completion. The plan pro
posed IS 20 issue stock 10 each OF the
concerns that may enter iatC the com
binat5on- ! number of other shipbuild-
ing companies in addition TO those whose
names are given, il is believed. Will be
ADDED TO - list Many OF these Iatrer
are small concerns
Just how much stock they viii be al
lowed for their interests VIII be deter
mined after their properties have been
/ iuliy examined One thing is certain. and
that IS they VIII not be taken into the
new company at their own valuation -
SAID a man last night who is prominently
| ldentlhed with the enterprise. but who
| would net permit his name 20 be usez
he intention is to divide the shipb,lild-
ing work among the different concerns in
| teested, so that instead Of as at present
one yard being engaged in building sear
vessels OF two or three different types
ana also merchant vessels. each plant will
contne itself to one class of work
For instance. one yard VIII build bat
| tIeships alone Another viii construct
nothing but cruisers Of 4 certain class
/ another only monitors. and yet in another
yard only torpedo boats and gunboats Will
be constructed Then other Yards viii
/ build nothing but merchant steamers Of
certain tonnage, and the rema ming yards
only those of a smaller size In this way
| the work being differentiated. ships can
be built AT a lower cost than is possible
! b the plan under which shIpyards are
now operated.
No II is not our intention 10 fight the
Cramps We expect TO enter into harrno-
NOUS arrangements with them when the
proper time arrives No direct .overtures
have been made 10 them yet for the rea-
son that our plans have not progressed
far enough 10 Justify us in taking such a