The Washington times., 1902-12-03
STATISTICS OF NAVIGATION.

-On June So 1902. the merchant marine
Of the U1ited States. including all kinds
OF documsnted shipping, comprised "a
273 vessels. OF $4,000 gross tons. en-
June 80 1901, IL comprised 2f,054 yes
sells. o. 5.5242IS eross tons
American shipping was greater IN
volume on June 90, 1902. than ever be-
fore I'm cur EistorT. New vessels Of the
year have been uf superior types, IN
GLIDING the largest transatlantic
steamer ever built in the United States.
the fastest steamer for Asiatic trade
yet built 10 any country, and the largest
steamer ever launched into the waters
Of the Pacific.
The total tonnage completed was =
triHe less than in 1901. but the ship
building IN progress during the GEAR,
In the value Of materials and auo-.lt
Of wages. has never been eQuoled IN t-is
country. II the rate Ct progress during
the past few years could be IlainralHed.
the United States would I'm time become
a competitor with Germany 70 the Sec
ond place as a ghipbuildinE nation The
outlook for the current fiscal 3, ri is nor.
however. so promising. A large amount
OF unfinished tonnage VIII be launched
ard completed. Jew new contracts for
ocean steamers have been reported. The
growth of American shipping has been
entirely within the domestic trade.
For several years American capital
in increasing amounts hiss been invests
ed in ocean steamers under foreign
flags. Recently this Increment has TAX
en- form in the organization OF an Amer
lean steamship company which, i'm me
tonnage. average speed. and size OF is
steamers. equals any two combined OF
the worlds great steamship companies
Yet. only an insignificant proportion Of
this Comnany's tCuuage-abOut one
elghth-is under the American flag
The Shipping Trust
The tendency mated and the orsani-
ration OF this company show conclu-
siveIy that abundant American capital
is disposed to engage in commercial en-
terprises On the sea. and that. under
existing conditions the ready outlet for
% is Afforded by resort 90 foreign Tags
American capital prefers investment I'M
der foreign flags because IL costs more
10 build ocean steamers in the United
States than abroad, and. once built. IL
costs more TO operate steamers under
I the American than under foreign flags.
TEs Se-Iet Service
There is a large field for effective
work among the disaIected classea-that
| is 20 say. those who advocate the use
/ Of force in the destruction Of govern
lments. and who preach assassination and
| anarchy 10 provision exists for the in
vcstigation OF the secret organizations
! which are maintained I'm ali centers Of
1 Industrial activity and whose existence
/ IS a constant menace TO the lives Of the
/ highest officers of this and other gov
/ errments. The Secret Service division
/ Is well organized for the prosecution u
/ the necessary Investigations. but lacks
/ the means and authority TO carry them
cut The matter is commended 20 the
Iattention Of Congress.
Central Pacific Debt.
/ All amounts which have become due
to the United States under the agree
raeut dated February 1, 1899, Tor the set
Element Of the Indebtedness Of the Cen
trail Pacific Railroad Company, have teen
paid by the railroad company in luI
including Interest on all outstanding
notes 10 August J. 1902.
The principal OF ali notes held Au-
] gust l. 1902. amounted 80 SIS, DDS .265-l4,
and frst-mortace bonds TO the amount
of SIS. 229. 900 wera held as security Tor
the payment thereof