New-York tribune., 1902-10-03
LONDONERS ASTONISHED.
WONDER THAT MORGAN is NOT
DIRECTOR IN SHIP COMBINATION-
MANY vEERING To BELIEF THAT THE
CUNARD DEAL WILL NOT SERIOUSLY
AFFECT THE TRUSTS PLANS.
'specta, to The New-Yors Tribune by French cable'

AFFECT THE TRUSTS PLANS
,specia, TO The New-Yor< Tribune by French Cahle)
Copyright. 1902. BY The Tribune Assoeiation)
London, oct 3, l a. m.-The publication OF
the details of the Atlantic shipping combination
has caused no little astonshment here. IL had
been generally expected that Mr. Morgan would
be included in the list Of directors, and the ao-
sence Of his name provokes much comment IL
is also noticed that America has majority Oh
members on the supreme directorate and tnat
Englishmen are rigidly excluded from the ex-
ecutive and finance committees. Moreover Sir
Clinton Dawkins. who is chairman of the Brit
ish committee is a partner in the London house
of ]. S. Morgan & Co. Many people Of in
huence In shipping circles are veering around
10 the opinion that the CUnard deal will not
seriously affect Mr. Morgan's plans. If two
new Cunard ships cost fi,0O0OOO each the
Cunard company will have 20 pay 10 the British
Government at the rate Of ~ per cent annual
interest amounting to tj5.00O. so that the sub
sidy will really amount to only t:1.Wn This
amount is not considered excessive. and yester-
day Cunard shares fell back to the price at
which they stood before the announcement of
the agreement with the government
Mr. Morgan's reported attempt to arrange a
deal with the Great Western Railway, which is
the biggest. although not the wealthiest, line in
traders express the hope that there may be a
substantial foundation for the rumor. They do
not desire TO see Mr. Morgan in possession of
the railways Of this country but they would
welcome almost any development that would
lead 10 the smashing of the railway ring Of the
United Kingdom.
No confirmation is obtainable here Of the Cape
Breton report that Marconi has succeeded in
transmitting a complete wireless message across
the Atlantic. Reticence is observed at Marconi's
London office pending a verihe alton of the dis
patch.
Mr., BaIfour and Mr. Chamberlain have lost
no time in contradictins the rumors ,nat the
government intended withdraw the Educo-
tion bill
The advance in the bank rate yesterday was a
concession 10 nervousness rather than a neces-
sary precaution- There has been a slow outflow
OF gold for export. but it has not been serious
drain upon the resources OF the bank Much
apprehension has been caused by pessimlstic and
superficial views OF the situation in New-York
and the directors Of the bank have taken an
effective measure for quieting the alarm. They
have waited until the stress or the American
situation has passed, and the disturbing effect
of the advance in the rate is minimized at home
and abroad.
Sir Wilfrid Laurier has returned 70 London
but is reticent respecting the results Of the
negotiations with the French Government and /
the possibilities of joint action b. the British
and Canadian governments respecting steam /
ship subsidies. He will start tomorrow for
Scotland, after fnaI visit TO the Colonial Office
After spending sunday with Lord Strathcona he |
will sail for Canada on Tuesday.
W s Fielding the Canadian Minister Of FL
nance, is again IN London for a few days
James II Canreld. librarian OF Columbia Uni |
versity and Dr William Fl. Watson. Of the Uni |
versty OF the State Of New-Y York, are here. and I
win attend a unique celebration Of the Bodleian
Library. oxford. next week
The British War Ofice has officially recog-
uiZed the American business invasion The Co |
lumbian Fireproohng Company. OF PittsbUrg. |
Penn. has just received the contract for a new |
building for the Army Medical Department at
WooIwch, TO cost t3,ooo
The MaryIeboue Borough Council last night |
decided not % accept Andrew Carnegic's offer /
Of tioo0O for public free libraries.
The Balkan ferment continues at an alarming |
rate, and dispatches from Vienna and Sofa /
g
OF Monaster as very serious. Albanians in Oyh-
rda. town northwest of BltoIia. have mas
sacred the Christian inhabitants
The American Chamber of Commerce in Liver
pool has reprinted the proceedings of its cen
tenary celebration in an edition de luxe with "a
portrait of WhiteIav Reid and the full text Of
his speeches at the exchanges and at the ban
quet. IL IS beautiful souvenir Of the reception
OF the American Special Ambassador in Liver
pool =
STEAMSHIP COMBINATION PLANS.
SAILING LISTS or SEVERAL LINES To BE
ARRANGED FOR COOPERATION
The directors Of the International Mercantile
Marine Company held a long meeting yesterday.
hut what was done could not be learned The
business which brought the English shipping
men here has been so far accomplished that
MI F1rrie and Mr.. Ismay can leave to-day on
the Celtic, which sails at noon. II is possible
that Sir Clinton r. Dawkins will sail a,so
although this is certain U-p1fr.v