Waterbury Democrat., 1902-07-03
WAL-ES'S ADVICE
Chairman Pierre Says They Are
 Only Following It.
ENGLAND MUST WAKE UP.

Was the Admonition of the Prince of
 Wales-The House of Commons
 Committee> Making a Sweeping h.
 yestigation-Mr Pierre Says the
 Morgan Combine Was Established
 for Purely Commercial Interests
 The King Continues to Improve.
 London, July 1.-The committee of the house of commons appointed to inquire into the question of subsidies, heard William J. Pierre, chairman or the Harland 6 Wolff Shipbuilding Co, today This witness, who figured so prominently in the recent J. Pierpont Morgan shipping combine, expressed the opinion that subsidies were given merely as a bounty and serve to en- courage inefficiency, and that even where they could be legitimately be- slowed the tendency of subsidies would be to foster individual as against general interests. MT Pierre regarded foreign subsidies as a bless ing in disguise, as they stimulated British ship owners to keep more abreast of the times.
 Replying to question of the chair man Mir Pierre said the Morgan com bination, which he preferred to call a 'community of interests" was estab- lished purely for commercial purposes and on entirely business principles. He was convinced that dangerous in ternational situation was rapidly ap- preaching at the time the deal was ef- fected, but, by the creation of this community of interests, the future of British shipping as we'll as of British sh1pbuiiding was assured. In short MT Pierre considered the deal to be in every way satisfactory to the British. Giving subsidies would only invite re- taliation in the most important mar kets of the world The extent of state assistance to German shipping was greatly exaggerated
 Mir Pierre also said that the feeling against the combination was due to misapprehension. All they had been doing was to act on the advice of the Prince of Wales when he said, ''Eng- land must wake up.'' MT Pierre thought that the best way for the gov ernment to help British shipping was to deepen the approaches to and oth- erwise improve the chief ports.
 London, July 3.-The following bull letin was issued regarding King Ed wards conuItion at 10 o'clock this morning from Buckingham palace:
 The king has slepl well and nothing has occurred to mar the excellent prog ress his majesty is now making"
 Discussing the kings uninterrupted progress, the Lancet says: 'Tf has been necessary to remove the drainage tubes, as they could not be tolerated, and gauge plugs are now used instead. The wound is granulating satisfactori. ly, the discharge has diminished and is perfectly fnodorous. His majestys temperature has been normal since June 26. His constitutional condition Is admirable"
 The British Medical Journal. in ex- pressing a similarly satisfactory view of the kings condition. says: 'iAt no time has it been necessary since the operation to use sedatives to induce the king to sleep. To medical men who have read the daily bulletins it has been obvious that the statements there. in were entirely frank. There was great anxiety at first. Sir Fredericb Treves did not go to bed for seven nights. But the load of anxiety is now frightened. if it has not entirely disap peared. The rumors regarding the kings general health are altogether un founded, and confidence is now felt that, thanks in an unusual degree tc his sound constitution. the king vii make recovery"