New-York tribune., 1902-06-12
IT'S PLANS FAR REACHING.
Contiuued from first page.

are such that this country is now the chief
producer OF the raw that the goodwill
OF the shnbuilding trade established IN otner Co'III
nTts II W. are to reap the benefit of our excep-
tona advantages we must , MAJ axe in the logic Of
natural events This eountTy 10 } 9e 'h i his dire
iion is made by this combinat ton. Every unit VIII
do as it been doing but each VIII woFh on tle
nar+fctsr class Of work which 1t Is best adapted
and so greatly increase the efficiency OF the com
and more cheapIy and to get much better
return from the of our shlpyard piaI'S, - 80
and our own citizens to secure vessels as cheapIy
they can be bought abroad In VIII tiL no. nv Ne
have a number of the very best yards there are
ofhers oof wf fb s BUT as our EFFORTS are certain
bring about demand for ships they Will aI 0f @
shipbuildng mechanics and as. under our pans; ms
tn s shs n sTRs them sG say m and
greater wage earning power. ,s ~ . serio,s
and determined competitor; we must thereIorF ,-
present solid front and be able 10 carry out Work @
organization and equipment demand recognltlon-
ican fghtin tools have been called the attention
of the rest of the world. and their superiority
tain therefore. to be a demand for such material
from foreign countries. and the value OF sueH SUI ~,
stupendous aggregation of machinery and capltai
n7ineTos others are fi1lI to overfioNing with
contracts for very types OF ships that met de
The buiIding Of superior Ships in America is in
the hands of few shipbuderS ana II ,m nqlpT Td
initiative in one Industrial organization II Will
ence eIUI k5oStie5ge Of costs and military judgment
which cannot be matched e!sewheIe IN =. h b5ine
up a great civil plant capable Of producing WAT
It follows that If great American plant shall
be created. composed OF an aggregate OF efIectlEe
units Of nansia1 s5 bisS of nqe
toned standing, which challenges COMPARISON Ei.n IN
similar institutions abroad by the refinement OF us
product 1t will assuredly receive the active support
or our government and this will carry VITA II
eGuipment adopted by the United States will hence
Europe. Asia and Central and South America
when compared with that OF the mercantile heets
Of the world. New tonnage is being launched Win
American shipbuiIders in entering the foTsign reign
fed ust be and Ge e DO TO ths theS 70 must no compete
with one another in the foreign trade, as there t
work and we 10 not want to surrender any of the
ADVANTAGES which are nsIuray 9TS d ,ba ne rgaited
states Navy will adjust itself as the cooperation
n8va or marine upon the basis Of fair manu-
facturer's profit above the actual cost The limit
with anv unjust fnsinuaticns that this = com
bination TO put up prices LOT S is VENT
years has longed for the upbuilding Of our T met
70 rahs sbiitate it. The United States Shipbuildng
make possible such upbuilding oy prlnglng R aoo11 ~
A co-operatiou Of enough shipo guiding pIanLs -
organization and policy that will enable the COM
pany to take advantage Of eNcePtiona! 1aSlltleS ne
ard conditions and to enter at once into the en-
iovrnent OF the proceeds Of industry that IS 70
become distinctly American
Daniel lie Roy Dresser. president Of the Trust
Company OF the Republic said, We are acting
as bankers and attending TO the financial end
Of the business preliminary 10 tho Incorporation
of the United States Shipbuilding Company. The
plan of incorporation and the scheme of the pro-
noters in no way resembles that Of former
effort to combine the shipbuilders. We Will act
as bankers for the company when duly incor-
porated The entire issue of bonds has been
underwritten and an offering Will soon be made
TO the public in the principal cities OF the United
States large block having been placed in
FurOne