Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-06-20
LEWIS N|X0N'S NEW Job
SHIP BUILDING COMBINE
IN NEARING COMPLETION
Will Enable United States TO Control
Ship Building Of the World
Revival Of Old Plan
That Failed.

ne" lork June -ArrangeIhents
were completed late this afternoon for
underwriting the bonds that will he
"a 10. .,,,, a,-,ou,,,,,, s,r,,,,a 100 ,to
w" " Wv, PO,",'o"
purpose OF concentrating at ieast nVe
OF the Dig shipOuilulhS yarus Oh the
country rms Is the same ahlalsalha,
tlon that was attempted last year anu
which theh lalleu because Oh the 9ls-
satisfaction expressed by 'he inVes'ins
PUBIC Win 'he FORM oi SECURITIES o'-
lered. Inc project was never apau'
nohed' ana since May l'ol' pans nave
Oeeh slo"I! hiaturlhs'
NO one couIu pe louhu Iouay VIM
woulu give tne luIl ,lst vi !aruS NOW
interested III the ueaI' among otneIs
known 10 ne cohCerneu are 'he Da'h
iron WORKS ana bath "lnuless NoGi'
pany OF Bath' Me. crescent Shlp!arus
OF EiiaDethport' N. d. newport Ne"s
ShlpDulldlhs ana Dry DOCK company
OF newport news va; Union iron
works OF san francisco' harlan
Hollingsworth OF wilmington, Del.
Nixon Is the Manager.
AT the head OF this great concern
as manager Will be Lewis Nixon OF the
Crescent Shipyards, who Is also close
ly allied with the Cramps OF Philadel'
phia, and who never has ceased TO Ia
Dor to bring ABOUT consolidation since
the project was frst broacheh.
Beyond the TACT that the underwent
ing OF securities OF the proposed cor
poration had been agreed upon, noth'
ing could be learned from those most
Interested. Everywhere an attempt
was made TO Keep the analr quiet
though 1t was admitted that all OF the
details VIII he ready Tor puDllcatioD
before the END oil THIS week.
FROM n source that must be regard
ed as authoritative II was learned that
bonds Will be issued to the amount OF
S25,OOO,OOO. In what form the other
securities VIII be Issued no one would
say. During the last week there have
been several meetings In TINS city d
those most Interested and tuli agree
ment Is understood TO nave been
! reached. Inc uhderwritlhg: IL is un'
uerstoou' mas peeh arranged througn
tne o,Ice Oh AieAahuer q "reeh oi iEV
broauway'
besiues NINon' II IL uhuers,oou tna'
>: ., Mccook, H. H. huhtingtoh' irving
NJ Scott' puiider OF the oregon ana
hehry FOOT nave peen concerned IN
bringing ABOUT an agreement Oh 'h'
Dig shipou'iuihB interests oi 'he couh'
Try
20 osolpute Work'
All OF the yards Drought INTO inc
pan VIII ne operated uhGer sinsIc
n'uhaseile"'' Nurh VIII p' u's'''p''
w VI hiauner INA. VIII HiaNe II pos
s!p!S 10 CONSTRUCT an c,asSgS vi snips
II, the Ieast cost; Snippul'uihs OF LOT
e'sn countries WIN ne met III coihpet,'
'oh' u ne'ns 'he OPINION OF the Nhieri'
cans mat tne laturai auNahtaBes 'nu'
shoulu result rom tie constant ueIel
pprien' VI .he steeI INDUSTRIES UI Tue
Enlteu states wiz NUKE II posslpie LOT
shlpS 10 pe pulit mere cheaper anu pet
Yer ,hah ELSEWHERE, anu that inns can
We uohe "Itnou. reuuctioh VI wages
~ ."e natural cou'Se VI events ships
VIII ne operateu as wen as pulIl' ah''
. .uruher ucNe,opiI.n,s Vi 'he cohio'ha
''on arc eoi.einp'a'vu'
oo nno naa maui d cure'ul stuI!
u. '"e aI.u"'loh nl"ue lhe S,"'eheh' az
.., VI cue nieellnss 'ecen'iy he'u W
'',s 'nas "irn'h 'ne heN, NV
S,", ,m IN, o mp sn VI ,ne un,'o,
% n, WIN .aNe iIo'h the suIppu'iuer'
T. ''PN o. '"N" "oih 'h"' 'hS nc