The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-02
N'lLL REMAIN BRITISH.
Mr.. BAEFOUR DEFINES GTATuS
OF VESSELS IN THE ALLAN.
TIC SHIPPING COMBINE.
AGREEMENT WITH MORGAN

|
American :Financier to Allow All the
/ British Ships in the Trust to Re.
tain Their ldentity-Half the Ton.
mage Hereafter to Be Built Ais, to
Be Constructed in British Yards
and Fly the Union Jack. 49,
Sheffield, England, Oct -Four
hundred covers we're laid at the cut
lers' feast, which was held here dur
ing the day. The principal guests
OF the occasion were Lord Kitchener
and Ambassador Choate, who sat re-
spectively at the left and right Of
Master Cutler Hobson. Military Off
GERS predominated among the guests,
and the distinguished persons present
included Gerald w. Balfour, presi-
dent OF the board of trade; the Duke
OF Norfolk, General French and Cen.
eral Ian Hamilton.
Responding to the toast, His Ma
5estys Forces" Lord Kitchener avoid
ed political topics and confined him.
self to eulogizing the conduct of the
army and the colonial forces in South
Africa.
Mr.. Balfour referred at considerable
length to the Atlantic shipping Dues
ton, sketching the history of recent
events. He said his department had
opened communication with Baron
1nverclyde, chairman of the Cunard
Steamship company, and with J. p.
Morgan, representing the shipping
combine, and it was the barest justice
10 both these gentlemen to say they
had shown the utmost readiness to
meet the wishes OF the government.
Mr.. Balfour then announced the de-
tails of the agreement with the Gun.
ard company.
With regard to the shipping combine,
MIR. Balfour said he believed MIR.
| Morgan had no intention of injuriny
British commerce or shipping, and
proof of this was found in Mr.. Nor
gan's readiness to meet the govern
ment on all points upon which Great
Brltaln's interests might seem to be
most endangered. Mr.. Balfour said
an agreement had been arrived at
with Mr.. Morgan upder which British
vessels in the shipping combine would
remain British, not merely nominally,
but in reality. A majority Of the d.
rectOrs OF the new combine were to
be of British nationality, the vessels
were to fly the British flag, their Off
GERS were to be British and a reason
able proportion of their. crews weuld
be drawn from the same nation, while
the combine had undertaken that, at
least half the tonnage hereafter to
be built for it should be British
built and
= Fly the British Flag. =" -. )
Further, in the event of the combine
pursuing policy hostile to the Brit
ish mercantile marine, Mr. Balfour
said the government was empowered
to terminate the agreement, which
was for twenty years time, and, re-
Movable by five years notice from
each party to it. 1t was not desir-
able in the interests of Great Britain
that the Americans should remain
without a considerable share in the
Atlantic trade, but it was desirable
that the inevitable development of
this trade should occur with the
least possible friction between the
two peoples. :
When Ambassador Choate arose to
respond to the toast, kindred Be
yond the Seas" he got an enthusiastic
reception. In humorous address
the American ambassador said Mr..
Balfour had made the speech he had
himself intended to make. Mr.. Bal
four, he said, had dispelled the Idea
that there was any such thing, in a
hostile sense, as American invasion.
The contracts which were the subject
OF daily dealings between the peoples
of Great Britain and the United
States were binding them more close
ly together. He would be bold
American, continued Mr.. Choate, who
at this moment would think of ap-
preaching Sheffield with any hostile
views. The ambassador agreed with
Mr.. Balfour that the dangers of COM
petition, were of but little account,
and said that, after all, community Of
interests was the tie which had
bound the two people together for the
past century and that he hoped this
tie would continue to bind them for
the next thousand years. Mr.. Choate
said the echoes of the Sheffield gather
ing would cross the Atlantic, that he
believed they had crossed it already,
and that they would carry the pleas
ant conviction that, after all which
had been surmised and falsely SUR
missed, to exist, that which had been
said, at times, to be threat of rup-
ture between the two countries, was
in reality likely to make them better
friends than ever. .=E
Mr.. Choate's remarks were greeted
| with loud cheers.
Irish Nationalist Gets Six Months.
London, Oct. John Roche, Ma
tionalist member of the house of com
mons for the East division of Galway.
was during the day sentenced at
Mount Bellew, Galway, to six months
at hard labor under the crimes act
for melting the boycott of land
owners. '*~
WOUND CONTINUES TO HEAL