New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-24
I5VlY TO BE PRESIDENT
a GRISCOM RESIGNS.
lar Pumored Change IN Head Of
steamship Combination Made.

Steamship Combination Made.
A crisoou has resigned as president
-. unconditional Mercantile Marine Com
O. Bruce Isnay, the managing oireo-
I1l, ,bs White Star Line. has been elected
7" .-,sss him. This announcement was made
.,.rinr by the American lane. 1t was
- .ss. beyond the official announcements
80 M Grisco1n nor Mr.. Ismay would talk
- solou-inR is the announcement;
--.,tirr NJ the board OF directors Of the
81 e.so-sl Mercantile Marine Company, held to-
10 q Broadway. the resignation OF .. A
ca5 an a. president of the company was aceeptea
Gnse9n r-uSe Ismay was elected president IN his
f,s2a ,.,.o, win not sever his connection with
.scmasry. au; has consented 70 accept the
tns tns.,S,- s chs ir7nan Of the board, Mt lsnay VIII
80 residence in New orl1, enc win uaNe Ao4Fe
~. al The conpany's operations.
-. .,,ourcement win Get at rest the many
rbic5 have been IN circulation regarding
A.nqs IN the presidency OF the Ship Trust.
. I., r.er known that ATr. CriscoTn took the
.,,ssrcv Of the combined White Star. Amer
- Re5 star Atlantic Transport and Leyland
-. st the personal solicitation OF J. Pierpont
,,.-vsn and that he has been DESTROYS OF re-
100 for some time For the last few months
n bas been pressing his resignation II he's
- -s,o-tes at various times that ne had re-
..-.s and many hints have been made as TO
-. suocessor. This action. coming on TOP of
-. l,-nring 10 this port OF the Pacific Coast
g.. n the American Line and the appointment
- cso-re H. Higbie, the Pacific coast manager,
- bs manager of the American and Red star
,,,.s q. this port, has caused much speculation
:, N future changes 20 be made BY the new
president
N- lsmay VIII make his home IN this country,
,ns the home Office Of the company viii be
moved nom Philadelphia 20 the Whitehall
Bu7tng IL Battery Place. where the combined
rHos Of the company are 20 be
Es returns 20 Liverpool to-day on the WHITE
err steamship Cedric to settle his affairs, and
VII return IN a few weeks. Changes a the or
esnization Of the company. It was said. Will be
rostponed for a few weeks. It is believed BY
those IN the shipping world that Nfr. Isnaay viii
have unlimited power in the running OF the COM
rsny. and that many OF the committees which
have been directing affairs viii be done away
with
Mr Isnay has been IN this country only two
weeks. II had been runored that he was 10 be
The new head OF the company. but on his arrival
he would not talk. and IL was given out that he
vas here to inspect the Boston Dominion Line
service which was recently taken over by the
White Star Line.
He was met before landing by Clement A.
bsrlscom and his son. Clement A. Griscom, jr,
she general manager Of the American and Red
Star lines. A conference was held the
steamer which lasted until long after the vessel
had been In dock
Tt has been the ambition OF Mr.. Griscom's
lie" said official yesterday. Ito bring to
gether under one management the greatest
Eteamsnip combination in the world, 70 afford
hetter service on the North Atlantic without the
waste Of duplicated service. This being accom-
rliehed. III. Griscom feels free 70 relieve himself
oI The strain cf active management
Ar. lsrnsy, 4 Is said was reluctant 20 give up
hs English home. and did so only through the
urging of Mr. Griscom. Mr.. Isrnay though a
Young man. is uecoEnized as one of the leading
steamship men OF the world. He succeeded his
father as the head OF the old firm OF Ismay.
1nrie Co. His fleets are operated on the North
Atlantic between England and Australia and
nom san Francisco TO the Orient He IS thor
oughly IN accord with modern methods.
The rUTnors which have forecasted Mr.. Gris-
CONS resignation have AZ various times men,
tioned Robert Bacon and Bernard n Baker. OF
She Atlantic Transport Line, as his successors,
and AR. Isnays name was not mentioned prom
inently until he sailed Tor this country, January
-. on TIE Oceanic 10 attend the annual meet
ing. which was 10 have been held in February,
but which was postponed. IL was said that the
directors OF some lines would oppose Mr.. Ismay 8
election because OF the undue prominence which
would be given to the White Star Line which.
they believed would be favored to their detri-
ment.
The White Star line has practically been
carrying the entire combination along. II is said
Many changes have bSen contemplated
for some time in the organization OF the ship
Trust, and Mr. Ismay's election probably fore
shadows a big shakeup and thorough reorgani-
Eation- The selection OF those who viii be re-
tained and other contemplated changes. such
es the extension Of steamship service In the fight
of the trust against the Cuuard Line VIII prob
ably be entirely IN the hands of the new pres!-
dent
Nr. tsmsv has been insistent that the identity
oI The White Ssar Line be preserved apart from
ne International Mercantile Marine Company.
having gone 50 far. Il is said. as TO have opposed
strongly printing the title OF the International
Mercantile Marine Company on the literature of
The White Star Line and on its bills of lading.
TET Tr1.TGRAPu TIE TRIBUNE
Philadelphia, Feb. 23.-At the Griscom home,
a. Haverford, = was said tonight that Mr..
Sriscom was suffering from a cold and was con-
hnec to his room. The following statement for
nm was made By an authorized spokesnon:
- Nr- Griscom has only carried out his intention
Hneh ne accepted the presidency of the INTER
.e-iona4 Mercantile Marine Company II was
N.n me understanding that he be allowed 20
Ie1-te as soon as satisfactory organization
@ olle ne oeternired. That has recently been
S.se@ M lsmay has been elected president
- ~ ne company and Mr.. Cf-iscom has been elect