New-York tribune., 1903-02-01
MANAGEMENT OF SHIP TRUST.
Component Companies To Be Operated Prac-
tically as individuals.

The publication of the organization OF the Inter
national Mercantile Marine Company yesterday re-
vealed somewhat the plan of operation Whlch mas
been adopted. The different companies comprising
the new company, except TO their relations TO
each other and competing companies, are to De
operated as if they were individual companies. For
the present the offices will remain as they were
before the combination brought about. the
principal officials of each company having been
retained The chief elimination of employees has
been in the branch Offices in the different outside
cities. Where each company had a representative
one now has charge of the business for all.
The business policy of the combination is decided
by the executive committee of the board of d.
rectors which includes Clement A. Griscom George
w Perkins and Charles Steele. of J. P. Morgan &
Co: P. A. B. Widener and F. J. Berwind. This
will be executed in England under the direction of
the vice president for Great Britain Sir Clinton
E. Dawkins X c. b, anoth'r partner of ]. 2.
Morgan
The business of the White Star Line is to be in
charge of J. Bruce Ismay who has the title of
chairman and managing director Under him,
general manager, is Harold A. Sanderson- The
different services of the White Star Line are
grouped into two classes, known as the American
trade and the colonial trade The former will in
clude those between Liverpool and New-York and
San Francisco and Asia 1t will be in charge of
Henry Concannon, with offices in Liverpool The
lines running from Liverpool to South Africa and
Australia will comprise the latter and be under
the direction of Lionel Fletcher of Liverpool. Each
these oflcerS pears tHe tl(le OF assistant
ager The White Star Line business in this coun-
try will be in charge Of John Lee. who has been
the agent of the company here.
The American and Red Star Lines the nucleus
of the combina ton. closely allied to the
executive mana cement of the combination in their
actual operation than any OF the other lines The
chief officer of these lines will be the general
manager. who will be Clement A. Griscom. jr..
who has been manager of the American Line. The
manager the freight department will be Samuel
BEETLE and the manager of the passenger depart
ment James A Wright formerly vice. president of
the International Navigation Company. Their
duties will not differ materially from those which
they formerly performed. Mr. BEETLE and MIR.
Wright, however. to be charmen. respectively.
of the advisory. freight and passenger committees
in this country. These advisory committees VIII
be made up repreSen atives of the different COM
ponent companies They will meet from time to
time to discuss the freight and passenger busi-
ness and will make recommended tons to the execu-
tive committee Henry Wilding. of Liverpool Is
to be the manager Of the European business of the
American and Red Star Lines Mr.. Wilding will
also occupy in the management of the Leyland
and Dominion Lines the same office as that occu-
pied by MIR. Isnay in the White Star Line. He
will have absolute charge OF the operation OF
those lines
p s Franklin. formerly manager of the New
York office of the Atlantic Transport Company,
combination in this country, will be president and
general manager of the Atlantic Transport Com
pany. His relation to this company Will be the
same as that of Mr.. 1smay 20 the White star
Company and Mr.. NHdinS 10 tHe Ley ihhu
Dominion Lines. 80 ,
II will be seen that far compatible with the
scheme of the organization each component com
pany is independent in its action. At the head OF
each has been placed the man best acquainted
with its policy. The traditions and nationality or
the different lines are preserved.