The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1902-06-17
MoRGaN's VAST DREAM
A Transportation Trust to Con.
troll the World.

II - IA eAA0 w OllOs s
NEW YORK THE HEADQUARTERS
Details OF the Most Powerful Indus.
trial Combination I1~the Worla.,
History-Controlled by seven Men
and Practically Operated by One,
J. Pfcrpont Morgan.
A worldwide transportation trustl
Such was the dream OF j. Pierpont
Morgan, the Father of Trusts" saws
Me New York World. Both land and
sea are to be brought under the con-
troll of this zar of the Industrial world.
Railroads and steamship lines are to
be federated into one gigantic system
Of transportation that will girdle the
globe. Six steamship lines. with 1O5
large ships, are at the present time or
ganized into the Atlantic steamship
trust. Ten other lines will make a
harmonious working agreement with
Mr.. Morgan's steamship trust. SO that
more than 500 vessels will be consoli-
dated.
This is almost the entire number OF
large passenger steamships plying reg
ularly between America and Europe,
Add to this steamship trust the Amer
lean railroad trust. practically com.
pleted by Mr.. Morgan, and arrang a
harmonious working agreement with
the steamship lines that connect San
Francisco with Asia, Australia and
the Philippines, and the international
transportation trust becomes a fact.
These various railroad and steamship
companies may not be actually fused
into one corporation. Mr.. Morgan has
q better plan than that. The latest
thing in trusts is the community of
interests" idea which he has original.
ed.
The aim Of the new transportation
trust is to capture the carrying trade
Of the globe. By means Of the new
Nicaragua canal and the Philippines
the transportation trust will be able to
send it's ships to every port in Asia. 1t
Is also planning to build a railroad
system in China. A recent dispatch
from Hongkong that a syn
dictate headed by j. P. Morgan has APP
piled to the Chinese government for
permission to build a railway from
Picking to Chingkiakan.
If the new Transsiberian railroad,
now being built by American engineers
with American material. can be in
duced by Mr.. Morgan to make a thar
monious working agreement with his
international transportation trust. then
Mr.. Morgan will absolutely belt the
world with his railroads and steam !
ships. His railway trains will cross
two continents and his steamships will !
cross two oceans. He will become the |
grand stage driver and ferryman of the |
world.
The steamship lines recently brought
together by Mr.. Morgan are the Amer
lean Gne with 8 ships, the Red Star
with Is ships. the White Star with %
ships, the Dominion with 6 ships, the
Leyland with "a ships and the Atlantic
Transport with 81 ships. These six
lines will form what will be known as
the international Navigation company,
with it's headquarters in New York
city.
The stock issued will represent a
value Of $17O,0OO,OOO. For his work in
organizing the new trust Mr.. Morgan
has received the royal fee of $12,5 OO,-
ma vnhln in tho cf1oI, - 49, T.4..
national Navigation company.
But these six companies will only he
the hub of the great wheel that is to
roll around the globe. An agreement is
to be arranged, and may be already
concluded, with the Cunard line. the
Wilson and Furness-L eyland line. the
Holland-America. Hamburg-Amer:can,
North German Lloyd, Allan, South
American, Anchor and the Pacific and
lines. Consequently the total
value of the steamship combination
will be over $3.50. 100000.
The originator of the steamship trust
Idea was Clement A. Griscom. presi-
lent of the American and Red Star
ines. He was obliged to ask the as.
'istance of Mr.. Morgan, the veteran
.Onsolidator Of the world. At once
Mr.. Morgan saw the immense POSSIBLE
ties in the scheme, sailed for London
recently completed all orange
nents which now give to America the
control Of the merchant ma
inc of the seas.
American interests will dominate
he proposed amalgamation," said
George w. Perkins of j. p. Morgan &
20.
'The plan will be of benefit not only
a eynnrfnr a and imnorfora h,nf also To