Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1901-05-10
THE SUPREMACY At SEA
How Two Trust Kings Will
Win It For United States.
GIANT COMBINATION PLANNED.

GIANT COMBINATION PLANNED.
Rockefeller and Morgan, h Trust
King, In League to Own q Monop-
oily Of Ocean TrafRc Lines Already
Controlled-Will Carry Yankee Cosl
to Newcastle.
The purchase of the Leyland Steam
ship line by j. Pierpont Morgan in
London goes far toward the perfection
of q scheme long entertained by Mr..
Morgan aud the Rockefellers for the
mercantile mastery of the seas, says
the New York Journal. For years
past John ID. Rockefeller and j. Pier
pont Morgan have been Americas
largest bidders for the tremendous
commercial business between the Unit
ed States and Europe. They have
spent much of their time in planning
for maritime expansion, wherein the
twin flags Of the greatest financiers in
the world shall predominant in every
port of every SCI.
The purchase of the Leyland line is
regarded in shipping circles us u long
step in this direction. John d. Rookie
Teller already controls the American
Navigation company. which includes
the Atlantic Transport line and the
Red Star line. He is also a heavy
stakeholder in the Pacific Mail COM
pany. The Atlantic Transport COM
lpany alone has a feet of 4G lake yes
cole 0nfSf1n nf f1Nic Anaf tho Yrkou,o
tional Navigation company owns and
operates an ocean squadron of % huge
vessels. with a total tonnage of ISL
692. The purchase of the Leyland line
by MI. Morgan is said to he in the ill.,
%terests of the trusts in general and of
those trusts controlled by Rockefeller
and Morgan in particular.
Oil. iron and steel, sugar, tobacco,
leather and copper form almost one
third of the entire exports Of the Unit
ed States. The export value of these
articles amounts to about $500, 600, 900
yearly. The freightage has heretofore
been enormous. amounting to many
millions yearly. Experts are agreed
that by this new scheme of consolida-
ton or control of American shipping
the trusts controlled by Morgan and
Rockefeller can save at least $10,OOO,-
600 yearly in carrying their Owl prod
ucts to foreign markets. 1t will be
possible by this means to undersell
the French or British or German mer-
chants or manufacturers at their very
doors.
Moreover, there must be considered
an item of possibly far greater impor-
lance than any yet enumerated. The
Morgan-Rockefellcr railroad-steel-oil-
copper-et al. combine practically con-
trolls the anthracite coal district. By
owning a traffic monopoly on the high
seas they will be in a position not only
to force n market or markets for Amer
lean coal-of which there is always a
surplus-but they will also make a traf-
fc profit on the coal exports. The same
applies largely to breadstuffs and cot
ton. also within the grip of the Rookie
Teller Morgan clique.
The White Star line. the Cunard line
and the English companies were in
communication with MI. Morgan while
the subsidy bill was being discussed in
congress. but the defeat Of that meas
ure put IN end to the deal.
If the Leyland line. just secured by
MIR. Morgan. is merged with the Inter-
national Navigation company. owned
by John ID. Rockefeller. it will com
prise the greatest shipping combination
the world has ever seen.
Sir Christopher Furness of London
says that this new move of Mr.. Nor
gan will seriously threaten the Eng
lish coal trade" said a Broad street
banker the other day. HE is right.
Morgan is now in a position to gobble
up England's coal business almost at
pleasure. The new coal tax helps him.
All that has kept him from carrying
Pennsylvania coal to Newcastle hereto
fore has been the lack of sea carrying
power. Mr.. Morgan 10Y has that power.
and you will see the widest kind Of a
stir when the products of the trusts
IN this country are dumped on the for
eign markets at prices cheaper than To-
cal dealers can meet"
The exports of this country have
grown in the past seven years from
$S47. 6655. 1914 in 1898 to $1.37O. 763.571 in
1900. OF the copper exports. amounting
to about $12.00O,00 0 yearly. Mr.. Rookie
Teller ships about two-thirds. OF S.
100000. OF iron and steel exports. val
ued at $121. 913.54S. the United States
steel trust controls three-quarters. or
5000 0 200.
A Cemetery For Pets.