Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1902-05-24
MORGAN}s VAST DREAM
A Transportation Trust to Con-
troll the World.
NEW YORK, TEE HEADQUARTERS.


j. Pierpoqs 1-pFsan.
A worldwide transportation trust!
Such was IT,: dream OF j. Pierpont
Morgan, the ".'ather Of Trusts" says
the New Yo:l; World Both land and
sea are to /" brought under the con
troll Of this c:Z::I o. the Industrial world
Railroads az. steamship lines are tC
be Federated. i@to one gigantic system
OF transpor;h::s22 that will girdle the
globe SIX steamship lines, with 10J
barge ships, are Ht the present time Or
eanized int Vic Atlantic steamship
trust Ten o,&rr lines will make a
Harmonious working agreement with
Mr.. A:Organ's steamship trust, so that
more than SGj T&sseia will be consolj
E0tc1.
This is almost tine 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 a
harmonious working agreement" with
tl3e steamship lines that connect San
Francisco with Asia, Australia and
the Philippines. and the international
t."csDortatic" trust becomes a fact.
1!."Sn var:H:.S railroad and steamship
CO... :%>nies may not be actually fused
jj<.. U:iA ccT;;o";: ton. Mr. Morgan has
:; .":,Hr Plaza than that. The latest
T." IN trusts is the community Of
ju.+It<sS" idea which he has originat-
q,
Tie aim of the new transportation
trust is to capture the carrying trade
OF tile globe By means OF the new
Nicaragua canal and the Philippines
the transportation trust will be able to
send it's ships 20 every port in Asia. 1t
is also pialniug to build a railroad
system in China. A recent dispatch
from HOngkOng announces that syn
dictate headed Icy J. P. Morgan has ap-
piled to the Chinese government for
permission 20 build a railway from
Picking to Chjl>Ekiakan.
If the new 'Iranssiberian railroad,
now being built by American engineers
with American material, can lie in
duced by NIr. Morgan to make a char
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 . ships, the Red Star
with Is ships, the White Star with %
ships, the dominion with ships, the
Leyland with 81 ships and the Atlantic
Transport WitL - ships. These six
lines will form what will be known as
the International Navigation company,
with it's headquarters in New York
city.
Tie stock Issued will represent a
value of S170,CjtHO0O. For his work in
organizing the new trust Mr.. Morgan
has received til> royal fee Of 12.500-
300, payable il The stock of the Inter-
Aational Navigation company.
But these siE companies will only be
ghe hub of tie great wheel that is to
Hnll around the globe. An agreement is
,S1 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 S45O,OOO,OOO
The originator Of the steamship trust
idea was CleN"Nt A. Griscom, presi-
dent Of the American and Red Star
lines. He Was obliged to ask the as
sistance Of MI Morgan, the veteran
4consolidator OF the world. At once
Mr.. Morgan S:,'y the immense POSSIBLE
titles in the SrlVme. sailed for London
and recently completed all arrange
ments which ROW give to America the
practical control of the merchant ma
.Gine of the seas
'AmericAn interests will dominate
fhe proposed amalgamation," said
George ". Perkins Of J. ?. Morgan Il
Go.
1.-The plan will be of benefit not only
to exporters AID importers. but also to
the great railroad interests Of the coun-
Try Mr. Morgan will act as syndicate
manager in the combination, just as he
brought together the conflicting inter-
ests in the United States Steel corpora
ton. All the cash necessary for the
deal has been subscribed
Zach line will be conducted under
separate management and will have
separate Offices. as heretofore, but all
will be united under one control.
LAS some Of the foreign ships are
subsidized by their governments they
will sail under their own flags, If the
ship subsidy bill should be passed in
this country. then we might be able to
complete our organization with Amer
Jean ships. THIS move simply means