Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-04-25

easily be verified by those who have
kept IN close touch with the recent
great financial movements and COM
bnatlons in the railway world in this
country.
James j, Hin" said he, "who is
hnanQed IN a general way by ]. Pier
pout Morgan, seems TO see further into
the future than any other railroad
man on this continent, Fooled as he
has been in a measure IN securing his
proper share Of eastern freight for
cheap transeontinental shipment, he
has simply turned to project which
he has been maturing in his mind for
several years, Of capturing Hons
share Of the commerce carrying of the
Pacific, which now amounts TO $780,
100000 annually in round figures.
AS Mr. Hin recently stated in an
interview, he hopes soon TO see the
time when he can carry a bushel Of
rice from Yokohama or Hongkong
10 New York. as cheaply as he now
carries a bushel of wheat from the
Dakota farm to the Minneapolis flour
mills, The first step, Of course in that
idea, is the building OF these immense
freight carriers in the New England
ship yards which will ply between
Seattle and Hongkong Shanghai,
Japan, Philippine Islands, Australia.
Indian ports and Hawaii carrying the
American flag TO the uttermost cor
ners OF the earth. Hill now controls
the Japan Mail Steamship company,
with five steamers of 5000 tons each
playing between Seattle and China and
Japan ports which, with other kindred
steamship lines in which Hill is inter-
csted, such as the Northern Pacific
steamship company having eight ships
OF 10000 tonnage, plying between Taco
ma and China and Japan, together car
ry the trans-Pacitlc freight of the Great
Northern road with 5,45l miles Of track
age: the Northern Pacific road with
1898 miles, and the Burlington with
$3.50 miles, all being capitalized and
bonded at 1913 600 900, on total mileage
Of 1909, and earning about sl20,OOOO0O
a year
THE PRIZE TO BE FOUGHT FOR.
"The commerce OF the United States
in the orient is now less than one
eighth Of the total but Mr. HILL years
ago, when Senators Cushman X. Davis,
Of Minnesota, and Morgan, OF Ala
bama, were the only seers in this coun-
try who seemed 60 realize that the
United States was destined 10 become
world power, knew that the future
carrying trade Of the world lay In the
orient on the Pacific. which one day
ought 20 be practically closed lake
TO American commerce. He has been
acting on that theory ever since. He
has powerful rivals TO his plans
There are the Hartman interests
In which President Stillman Of the
National City bank Of New York and
Kuhn. Loeb & Co., are the financial
hackers They control the Southern Pa
ciflc with g,0lG miles of the road; the
Union Pacific with 5000 miles; the
Oregon Short Line. with l,i94, and the
ogden and Portland with l.l36 miles,
a total Of 1870 miles. earning about
$4,000 900 year.
"The Atchlson, Topeka and Santa
Fe is an independent line with about
9 600 miles OF road They control also
the Oceanic steamship Co., (Spreckles'
llne), with seven ships, Of Sl,000 tons |
carrying capacity plying between Aus 4,
trana. Honolulu and San Francisco.
THE Hartman interests have the |
Pacific Mail Steamship Co. plying It's |
boats out Of San Francisco 10 Aslatlc /
ports, consisting Of II steamers OF IlVO |
tonnage. and the Occidental and Orien- |
tai steamship Co. auxiliary to the Pa |
clnc Mail, having 1900 tonnage. The |
same interests also control the Morgan /
line to Panama from New York, which |
has - 600 tonnage.
"Au these Interests are rival 20 the I
Hill Morgan combination. and between |
these giants Is 20 be the struggle Of /
the future for the Pacific commerce /
Of the world.
IT will be a battle Of great signi'
fcance 10 the people Of the Pacific |
coast. and 10 the country at large
There is also another aspect 10 IL, in. /
volving the interests Of Seattle and |
on the one hand, and those 1
OF san Francisco on the other. The
nm Morgan interests center in Wash
ington state. where are the ocean ter.
minals of the Great Northern and
Northern Pacific roads, while the Har-