The Dawson news. (Dawson, Ga.) 1889-current, 1902-05-28
A worldwide transportation trust!

a WOrlQWlue transportation u uSe'
Such was the dream OF J. Pierpon
Morgan, the "Father Of Trusts" says
the New York World. Both land AND
sea are to be brought under the con
troll of this car of the industrial world
Railroads and steamship lines are to
be federated into one gigantic system
of transportation that will girdle the
globe. Six steamship lines, with l0j
large ships, are at the present time or
panized into the Atlantic steamship
trust. Ten other lines will make a
harmonious working agreement with
Mr.. Morgan's steamship trust, so that
more than 500 vessels will be consoli-
dated.
This Is almost the entire number Of
large passenger steamships plying reg
ularly between America and Europe.
Add to this steamship trust the Amer
lean railroad trust, practically COM
pleted by Mr.. Morgan, and arrange
harmonious working agreement with
the teamship lines that connect San
francisco with Asia, Australia and
the Philippines. and the international
transportation trust becomes fact.
These various railroad and steamship
companies may not be actually fused
into one corporation. Mr.. Morgan has
a better plan than that. The latest
thing in trusts is the community OF
interests" idea which he has original
ed.
The aim of the new transportation
trust is to capture the carrying trade
of the globe. BY means of the new
Nicaragua canal and the Philippines
the transportation trust will be able to
send it's ships to every port in Asia. 1t
is also planning to build railroad
system in China. A recent dispatch
from Hongkong announces that syn
piled to the Chinese government for
permission to build a railway from
Picking to Chingkiakan.
If the new Transsiberian railroad,
now being built by American engineers
with American material, can be in
duced by Mr.. Morgan to make a thar
monious working agreement" with his
international transportation trust, then
Mr.. Morgan will absolutely belt the
world with his railroads and steam
ships. His railway trains will cross
two continents and his steamships will
In
grand stage driver and ferryman of the
world
The stea mship lines recently brought
together by Mr.. Morgan are the Amer
Jean line with 8 ships, the Red Star
with I3 ships. the White Star with %
ships. the Dominion with 6 ships, the
Leyland with "a ships and the Atlantic
Transport with 81 ships. These six
lines will form what will be known as
the international Navigation company.
with it's headquarters in New York
city.
The stock issued will represent
value of $17O,OO0,0O0. For his work in
organizing the new trust Mr.. Morgan
has received the royal fee of $12,50O,-
900, payable in the stock of the Inter
national Navigation company.
But these six companies will only be
The hub of the great wheel that is to
roll around the globe. An agreement is
so be arranged, and may be already
concluded. with the Cunard line, the
Wilson and Furness-Leyland line, the
Holland merica, Hamburg
North German Lloyd. Allan. South
american. Anchor and the Pacific and
French lines. Consequently the total
wilI be over $450.000 600
The originator of the steamship trust
idea was Clement A. Griscom, presi-
dent of the American and Red Star