The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-06-11

htstory by seven Meu |
and Practically Operated by One.
J. Pierpont Morgan.
A worldwide transportation trust!
Such was the dream OF J. Pierpont
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 girde the
globe. Six steamship lines, with lO5
large ships. are at the present time or.
eanized into the Atlantic steamship
trust Ten other lines will make
harmonious working agreement with
Mr.. Morgans steamship trust. so that
more than 500 vessels will Je cousoli.
dated.
This is almost the entire number OF
large passenger Steamsb.ps 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 u
harmonious working agreement with
the steamship lines that connect San
Francisco with Asia. Australia and
the Philippines. and the international
transportation trust becomes n fact.
These various railroad and steamship
companies may not be actually fused
into one corporation. Mr.. Morgan has
n 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 its ships to every port in Asia. It
is also planning to build a railroad
system In China. a recent dispatch
from Hongkong announces that a syn
dicate headed by j. Z. Morgan has ap-
piled 10 the Chinese government for
permission tc build a railway from
Peking 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 "har.
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
cross two oceans. He will become the
grand stage driver and ferryman of the
world.
The steamship lines recently brought
together by Mr. Morgan are the Amer
Jean line with s ships the Red star
with 13 ships, the White Star with %
ships, the Dominion with 8 ships, the
Leyland with 81 ships and the Atlantic
Transport with 2l ships. These six
lines will form what will be known as
the International Navigation company,
with its headquarters in New York
city.
The stock issued will represent q
value Of SlT0,O00OOO For his work in
organizing the new trust Mr.. Morgan
has received the royal fee OF S12,5OO,-
600. 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 10
roll around the globe. An agreement is
TO be arranged, and may be already
concluded, with the Cunard line, the
Wilson and Furness-Leyland line, the
Holland-America, Hamburg American,
North German Lloyd Allan, South
American. Anchor and the Pacific and
French lines Consequently the total
value of the steamship combination
will be over S450.0O0000
The originator Of the steamship trust
idea was Clement A. Griscom, presi
dent Of the American and Red Star
lines He was obliged to ask the as
sistance Of Mr.. Morgan, the veteran
consolidator of the world. At once
Mr.. Morgan saw the immense possibll
tiles in the scheme sailed for London
and recently completed all arrange
ments which now give TO America the
practical control of the merchant ma
rine OF the seas.
American interests WIN uoLhlIldt'
the proposed amalgdmation," said
George w. Perkins Of J. +. Morgan &
Co.
"The plan will be of benefit not only
TO exporters aud importers, but also t'
the great railroad interests OF the coun
try. Mr.. Morgan will act as syndicate
manager in the combination. just as h'
brought together the conflicting inter
ests in the United States Steel corpora
tlon. All the cash necessary for th'
deal has been subscribed.
Each line will be conducted unde
separate management and will have
separate offices, as heretofore, but al
will be united under one control
"As some of the foreign ships ar
subsidized by their governments the!
Aau.U