The Monticellonian., 1902-04-25
AORGAN'S 5 GREAT COMBINE
His Plan to Combine All the Lead ing Transatlantic Steamship
 Lines Consummated.
CAPITALIZATION EXCEEDS Sl50, 900, GOO
Not only n Great Triumph. But Will Make the United states the Real Ruler Of the Merchant Marine of the Norid-Its Effect Will he Felt by Shippers in America.

the Worid-Its Effect Will he Felt
 by Shippers in America.
 New York. April 20.-J. P. Morgan, who is now abroad, has practically consummated a plan to combine all the leading transatlantic steamship lines. London dispatches announcing the combination have been confirmed at the Morgan banking house The companies to be consolidated will, it is said, include the American and Red Star lines, White Star line, Dominion line, Atlantic Transport line and the Eeyland. The two Iast-named lines have been under the Morgan control for some t.me. Probable additions to this list are the Gunard. Wilson and Holland-American companies, and, it is understood, working agreement" will be reached with the other leading transatlantic eompa- nies, including the North German Lloyd, Hamburg-American, General Transatlantic (French) Allan and Anchor lines.
 Mr. Morgan has been giving thcmat- ter much of his time since his ar rival on the other side. In this coan- try the more important details have been in the hands of Clement \. Gris- com of the American line, while Charles Steele, Nr. Morgan's partner in tEis city. has had charge of the legal preliminaries.
 It is yet too early to give the exact scope of the scheme, but as now out lined there will he an American-hold- ing company into which all the steamship com .anies which propose to enter the combination will put their stock holdings their is- sHes''-in exactly the same way that the various concerns embraced in the United States Steel Corporation threw in their holdings, receiving in return stock of the main or parent company.
 JUST WHAT THE CAPITALIZA- TION OF THE COMPANY WILL BE Is NOT AS YET KNOWN,= BUT THE AMOUNT Is LIKELY re BE WE'LL IN EXCESS OF ONE HUNDRED AND FIFTY MILLION DOLLARS. THIS PHASE OF TIE PROJECT WILL DE PEND ENTIRELY UPON TIE NUMBER OF STEAMSHIP COMPA- MES TAKEN INTO THE C0MBINA- TION.
 One of the most interesting fea- lures of the plan deals with the sub sidv question. The White Star and Cunard lines receive liberal subsidies from the British government. These subsidies would be withheld or abro- gated if the ships of these lines changed their flag from British to American. Because of this the ships of the White Star. Cunard and the English subsidized companies will doubtless continue nominallX under British control.
 George W. Perkins, of l. P. Morgan & Co.,. is authority for the statement that American interests will dominate the proposed amalgamation, and de clares that
 THE RESULT WILL PROVE NOT ONLY \ GREAT TRIUMPH FOR MIR MORGAN. BUT WILL MAKE THE UNITED STATES THE REAL RUL- FER OF TIE MERCHANT MARINE OF TIE WORLD.
 Mir. Perkins also says that the plan will be of the greatest benefit to inn porters and exporters, as well as to the great railroad interests of this country. Its effect will be felt by shippers from Maine to California. Mir. Perkins says. and also will result in better understanding between the commercial interests of this coun- try and Germany.
 Fl is true," he added. "that Mr. Morgan will act as syndicate man ager in this combination, just as he brought together and welded the various interests in the United States Steel Corporation. The financial de- tails have been completed to the eN- tent that all the cash necessary for the deal has been subscribed. II is too soon to speak about the director ate but let it be borne in mind that control of the company will be held here"
 It is taken as matter of course that the interests now prominent in the various steamship lines will be taken into the consolidated directory.
 Banking interests identified with the proposed underwriting syndicate say that the new company would have New Jersey charter
 Significant Utterances of the Pope.
 Rome, April 20.-Considerable inn portanee is attached to recent re- mark of the pope, who, in eonversa- tion with Fr. Lorenzo Perozi, the Italian composer, asked him for news of his friend, Cardinal Giuseppe Sar- to, the patriarch of Venice
 Hold him very dear. Peroxi." said his holiness, 'as in the future he will