The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-09
..No Question OF Restriction i'm Trade"
He Says, cit Does Not Care n Fig
for n Flag"
MORGAN's SHIPPING TRUST
DETAILS OF THE AGREEMENTS BE-
TWEEN THE COMPANIES.
Compact with English S~hipbuiIders
That VIII Please Americans-Gen-
eral Foreign News.

LONDON, May S.-Andrew Carnegie, who
sailed from New York April 80. on the
steamer st. Louis. arrived here to-day and
promptly proceeded TO console Great
Britain on the subject of the shipping COM
bine by saying there was no cause for
alarm. ITO combine the shipping traffic"
said Mr.. Carnegie, lis a big order. There
is free right of way on the ocean and the
tramp steamers are always with us. The
merger may give regular daily sailings to
passengers. which would be advantageous.
1 am not in the navigation syndicate, hav-
ing retired from business and reformed.
so L cannot advise you as to the exact
character and bearing Of the combination.
But, in my opinion, the combine is purely
a matter of money making. There is no
question of patriotism in trade. 1t does
not care a fig for a flag. 1t is dividends
that count OF course. every citizen worth
a cent wishes his own country to be first
in every movement, and a peaceful indus
trial victory is the only genuine one.
Victory through war generally costs
more than il is worth. II Great
Britain continues her costly wars for
shadowy ascendency in distant parts
and the United States develops her indus
trial army, there can only be one result:
Great Britain will have the shadow and
the United States the substance.
II think there is no prospect of early
legislation to permit British-built ships get
ting American register. The Americans
have resolved tc become a maritime power
commercially. and will soon be able to
build ships quite as cheaply as Great
Britain. At first the shipping combine will
Ufxya tho nraGanf me hf0hnr rafnrnc.
but regarding the latter prospects, L do
not care TO prophesy. The people of the
United States are in sympathy with the
new trust 1t seems to be a triumph for
the flag, and all patriotic Americans, which
means all Americans, are naturally pleased.
Besides. we have an idea that we can
manage ali things better than any one else,
and there is ground for this belief"
Concerning trusts generally, Mr.. Carne-
gle said: mo one will long be allowed
10 enjoy exceptional returns. COUNTER conf
binations will be formed and competition
and quarreling Will follow"
When asked a question by a reporter OF
the Westminster Gazette regarding Presi-
dent Roosevelts attitude, Mr., Carnegie
said: If President Roosevelt thought any
trust was calculated TO conflict with the
welfare of the nation, he could be relied
the case of railroads, l do not think leg
islation Will be needed. Congress may fix
the railroad rates before long"
After a reference TO the booming of the
steel combine, saying the United States
was too prosperous to have any surplus
stocks of steel for shipment abroad, and
abiding to the development Of other lands,
Mr.. Carnegie reiterated to the interviewer
his belief that Great Britain, in the future,
would form a State in the American feder-
alton. "You must some day" he said,
turn your face to your kin beyond the
sea You are not TO be a European power
in the future. but are TO join with your
own race in the West. Fortunately the
feeling toward the old home was never so
cordial as now and race patriotism has
taken root"