Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1902-09-04
THE SHIPPING COMBINE
The Approaching Expiration Of the
Option Limit Causes Wide
Speculation.
WHAT ARE MORGAN'S ULTIMATE PlANSf
what Also is the British Overn
ment Going to Do About me
Combination "A General Subsidy
scheme Seems to BE the Plan Most
Generally Favored.

London, Aug. 31.-The approaching
expiration of the time limit for the
completion of the Atlantic shipping
comoIne is arousing he British press
to all sorts If speculation regarding
J.. Pierpont Morgan's ultimate plan,
as well as the governments scheme
for dealing with the combination. The
promised statement of the premier,
A. j. Balfour, on the reassembling OF
parliament. is awaited with intense
interest. The statement has already
been printed that the government
plans are complete, and'that the au-
thorities are all ready to make the
effective counter-move against the
American syndicate. Inquiries made
in the b%est-informed quarters indi-
cate that this announcement is not
true. The government has had to
deal with so many powerful and con-
fiicting interests that il has not yet
been able to definitely decide on a
plan of action.
A Genera Subsidy scheme.
In spite to the opposition to a gen.
eral subsidy scheme, well-informed
persons consider this to be the most
likely solution, on the lines of a gen
erous distribution of government sup
port, not in behalf of one but of sew
eral companies. The form which such
assistance will take is still under dis
cussion, there being considerable OPP
position to straight subsidies. There
is no doubt that Mr.. Balfour's an
nouncement will include a scheme for
a direct, fast Canadian service, IN
which the Canadian Pacific railroad
probably will participate, but not, as
originally planned, as sole promoter
and beneficiary. The indications
point more and more to the drawing
together of the Atlantic lines outside
of the Morgan combine.
One of the Alliances.
One of the alliances which may be
earliest expected is Il combination o.
the Allan Line and Elder, Dempster d.
Co. The heads of the English lines
are chary in expressing themselves
on the Atlantic combine. Time is
rather intensifying than allaying
their jealousy of the Americans bid
for the Atlantic trade, and the gov
eminent mas been so thoroughly
stirred up that it will not leave a
stone unturned to allay the existing
commercial and colonial discomfort.
In this connection it may be men
toned that the tariff discussions at
the recent colonial conferences were
very intimately connected with the
shipping situation. A leading shiE
owner and a close friend of the cello
NAL secretary, Joseph Chamberlain
is quoted as saying:
America Would Better Look Out.
"America must not think that tAe
imperial government is going to leave
the colonials at the mercy of the
shipping or any other trust. The dis
content is acute enough now in many
quarters of the empire. While Grea
Britain does not want "A commercial
war with the United States, she W..
not stand indefinitely shut out by thu
American tariff wall while keeping
open house for American traders il
the United Kingdom. The question
of retaliatory duties is not so i'm
probable as many people imagine
There is no reason why the British
colonial markets should not -
opened to British goods or a prefer
entail basis. We have been asleel
here in England for a long time, bu
when we wake p,America would bet
ter look out