The age-herald., 1902-05-10
J,P, MORGAN BUYS THE CUNARD LINE Offer Made for Pinkney's Line
 But He Declines ENGLAND IS STILL SORE Newspapers Comment Essentially On the Big Combine, Which Is Said
 To Be "erossly Over.
 Capitalized"
ENGLAND IS STILL SORE

Baltimore, May s.-william Pinkney of Sunderland and London, England, who Is the managing director of the Neptune line of steamers, from Baltimore to Rot terdam and Amsterdam, and who Is now in this city, said today that the Morgan Steamship Syndicate has bought the Cunard line MT. Pinkney's line was made an offer for it's ships, but refused to sell at the price offered.
 Since that time he has been in close touch with the operations of the Morgan syndicate, and states positively that the Cunard line has been absorbed and that his information Is such as may be relied upon. The Neptune line Is still open to the offer of the Morgan syndicate &C., cording to Mir. Pinkney. He said that nine steamships owned by the company can be bought for the same price that was paid for the Leyland line. The Nep- tune line has recently sold one Of It's fastest ships, the Morena, to the Aus trian government, to be used in Japanese waters.
 English Distrqstful.
 London, May 9.-Distrust and resent ment are the keynotes to the comments of all the afternoon papers here on the shipping combine agreements. They all refer wrathfully to the recent details of Messrs. Ismay and Pierri, respectively. of the White Star Line, and Harland and Wolff of what now proves to have been absolutely true.
 The Westminster Gazette. referring to diplomatic untruths,' expressed the hope that I've shall be spared this pe- culiar development which in America &C., companies the great trust movements"
 No one attempts to claim that any vestige of control of the lines remain in British hands. "The dollar god" says the St. James Gazette has eaten up the better part of the British Atlantic carry ing trade and the only community of in- terest' existing Is the same that existed between the Lady of Riga and her mount at the end of their joint excursion. No doubt the smile on the face of the Yan- kee tiger Is an extremely broad one. If anything is expected from the Board of Trade under the present management it might be hoped that the use of the Brit ish flag to cover ships that are British only in name would be refused and the vessels be placed in the position of pi- rates"
 Must Go to America.
 Dealing with Harland and Wolff's posi- tion, the St. James Gazette says that it considers that when the building is transferred to United States yards, as it inevitably will be as soon as the foster ing care Of the steel trust has sufficiently enlarged the American ship-building re- sources 1Iarland and Wolff will have no alternative but to cross the Atlantic
 The Pail Mall Gazette finds that the combine is grossly er-capitalized' and says:
 This was a foregone conclusion from MT. Morgans record He does not deal In little things and is not content with small profits. The huge capitalization Is out of all proportion to the real value of the feet and 1t is clear that a substan- tial advance in freigbts will have to be made in order to pay dividends'
 I he Associated Press learns that King Edward has expressed to friends his strong dIsapproval of the combine on pa- triotic grounds.