Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-01-20
uo,b Guessing Done as to I0te0-
lions Of Mr. Morgan
CONSOLIDATE OCEAN LINES
:. for prclgh, Busine" only
''' uo,.mon" Of 'Iasn'''' Are
sushtiy nys'ifSinS'

N', l. nelug taken by steamship men
W''s' .Nor and Liverpool over the VISIT
y ~. prince Ismay Mr.. Graves, MI
y -, and Mr.. winding to New YORK;
s,sIss the Herald'a London rep''''"
ntve. 80 ,,o, the,r mis-
i !, 10 discuss with Mr. Morgan the
'Da ,nonatIon of several big steamship
a I,n"a The opinion prevails that some
~. Ivy Of consolidation will be Effected
' 'sst6er for general or freight frame
,rIy. 1t Is well known that MI MOT
....--s--sss.esentlng, as he does, the Ley
saS iine which numbers oi ye .s''a, as -
ls,S 10 bring about q coholna,'on
s ~ ines which shall practically contlo'
VI "" sreirht trade at least petWocn
VI, ..ice And English ports. 1t IL KNOW
AHV, .So, ths American line, backed by
sl'o ps uT, railroad, Is Wiling
we a,ar the consolidation. Then, VI
curse Mr., Morgan represents the , saeel
Sorooratlon, and with one OF the srea'
w ynap,IsS companies as member OF tne
l an1sbnatlon he will be In a position 10
Sa,a,e terms, MI lsmay ana the
NEE iSars represent the White Star llne
V OaI come steamshipmen believe thal
an' commencement OF consolidation WIN
. .ue ana other great lines viii follow
sOon after the conference Win WI
uorsan. From a source when tllere -
ss reason to believe is trustworthy
!, q learned that Mr.. Morgan's IDEA ID
" ali uch a new concern the "Amel-
,osN ItneH and this is the one thing
~ which the Whate Star people are
v,wiilne 10 agree. The manager or
,he present American line has been
named as manager Of the consolidated
irss The Cunard company, 1t Is un-
Ssr.tood Is watching the outcome OF
~ conference with interest as the
corbnatIon, IL effected, will make II
me- only large independent English Inc
running to New York,
Steamship interests, especially the
agents Of the lines affected, are not
Inclined to credit the recent reports or
actual consolidation OF the freight sell
,dce of the White Star and Cunard
llpes-whatever arrangements j. /.
Morgan may have been able to erect
among the American, the Leyland ana
,he Atlantic Transport lines, says the
Journal Of Commerce. John Lee, agent
Il The White Star line In this country
nm nsists that he has absolutely no
knowledge for or against any deal or
Nsl any negotiations are In progress
Vernon II, Brown, OF the Cunard line,
James 4. Wright, ST.. Of the American
and Esd star companies and p. a. ;.
Fraakh, Of the Atlantic Transport
company, still claim that they are en-
tlreIy ignorant Of any big plan TO con-
trcl ocean freIghts. Under the plan as
alleged the financial interests Of the iive
lines will reach the enormous sum OF
about s25000O,000. The Leyland line
viii have sixty-hve ships, the lnterna-
tOnal Navigation company about
venty.elght, with four building, the
White Star about twenty and thesCun-
ard about fifteen, MIR. Lee takes the
position that any deal must merely be
one Of agreement and not purchase.
Members OF the firm of j. +. Morgan &
Co., when questioned, denied that the
banking house, had under way a con-
soldaton Of transatlantic lines. So far
as the arrangement goes In effect
among the various companies is con-
csrned, II will, apparently, be merely
The application Of the community Of In
leIest plan Of operation to the steam
snip business. The flags and tunnels
q the three fleets will remain dis
lnel as at present, and the lines Will
Be managed separately as Is now the
case. The idea Of the alleged oombina-
tlon most general In shipping circles IL
mat the plan Of operation will be to
organize a new company to own stock
10 steamship lines and operate them
as tar as n found advisable in con-
hee'lon with the railroads--railroad in
,I!sresls themselves being stockholders.
. dne aim Will be to avoid a duplica-
lion Of service.