The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1904-09-30

Charles n. sebwah. president Of
the feofsanlzed United States ship
hglidlng company. with a party Of
fHlsuda aud officials Of the com
psnN spent five hours IN Seattle
tAis klorninF Tho party arrived in
Inc ~ about 9 o'clock this morn
ifw u sehwab's private train and
l-fiar lei0 FOR the East over the
shsflan Pacific
IN ihe party With the shlphuild
Inc maauate are A spIgeimirn.
an ODD friend ~ NJ schWab Wal
Ter dteVeleY. senator James smith.
o., receiver Tor the United States
ahiphuildinR company. accompanied
~ bis wife and daughter; J 4
ueEaAn. an associate 81 smith in
the rrccivofship John Mckane. a
Tpuapa New miner. and wife ur
Hlaasl a friend Of Mr. Sehwab. aud
w W Green. counsel for the
Mercantile Trust company. OF New
Npfk and the attorney who fore
eipsrd the mortgage 81 the United
States shipbuildlnE company
HealWab and his party are return
iaR from san Francisco. where the
FaaEuate was present at the sale
q the Union lFBn works james
smith. ir. conducted the sale q
+ he plant 60 the reafFauiEsd com
{ ranY. Of which Nr schsah owns
/ 30 per cent The only bidder Vas
tranria u Pollock. uho Ncnt east
ffom san Francisco over the south
rru route.
Pollock secured the plant for 81
I ne 600 The sale Was made sub
i~ct 10 the approval % the court
md Pollock deposited q certified
thsek for tls5 600 10 bind the sale
f THIS sair is alonE the line % the
plans
OUTLINED nv sCHwAB
10 regard 70 the sale and reorganl-
fatiuu u the concern. The onlY
/ plant. formerly with the defunet
corporation. that has not been sold
g. that u Harlan a uoltiuEsWorth
Company ~ Wilmington Del
THIS plant. NJ sehwah expects.
will be- purchased BY the new com.
rauY and All the property formerly
~ the old company will be included
in TIE new corporation. sehwab
woaia not taik freely ia regard 10
the now company. bat admitted that
affairs would 60 on a. they had IN
the past aud the company might
make several Improvements In the
sarfaua plants IN order that ihsY
woald be up 10 the highest stand
ard
Our plans are 20 reorEanirs the
nsw company on conservative
i,Asia. said Mr. sehwab. when the
new company u complete II viii be
capitalized and bonds amounting to
s. 0aa 0oa will be issued We sE-
pet 90 have all the plants IN the
fnrmer corporation under our man
asemenf and knoS that Il viii be
Stronger than the old one
s'0ur purchase Of the plant ~ San
Prancinco was only part Of our
plan. just The same as
We HOPE TO GET HOLD
on the Harlan a Holllngsworth
plant Ia Delaware ! eanout outline
omr plans 10 anY extent. because
they wili not be- fully made until
The final deals have all been con
snmmnted and We know Just shat
property We have.
The san Francisco plant will be
Ton under the direction Of one %
nur managers. and expect that
there viii be some rood Improve
mrnta made in order to put u up to
the highest standard Regarding
details. eanaut talk. as those have
not been made"
When asked relative to the re-
ported dissolution 81 the Northern
Securities company Mr.. Schwah
vas non communicative
All know about that Ia through
the press dispatches and I cannot
talk from those II IL matter In
which I am not greatly interested
AZ present I could not give any
opIninn on the matter until ! get
back 20 New York and know Just
what has been done am more
interested IN the United States
shinbuildinK company at present
I IN fal I could not say a word until
know Just how the land lies
" W Green. the attorney who
forerloaed the mortgage Of the
I nlted states Shiphuilding COM
many. was greatly pleased with Sc
attic. This Is his first visit 10 the
/ city and be expressed himself this
morning az being greatly impressed
With the metropolitan air Of the
city
REALLY In regard 10 the plans ~
/ tire United states ghipbuildinE com
pany cannot say a word Mr..
schwab f. the only man lust nov
who can talk on that subject" said
/ Mr Green = am Just looking out
I Tor the interests Of the legal end
| N the business. and have nothing
70 say relative 10 the plans Of the
company.
"In regard 10 the recent dis
patehes regarding the dissolution N
the Northern Securities company.
veil. I DO not know anything about
~ | could not talk until | got a
/ little moro
AUTHENTIC INFORMATION
I know that the people Of Seattle
are greatly Interested In the affair
md would like To give you some
Information. but, as We have been
travelling for several days and seen
nothing but newspapers, We are not
IN a position TO talk authenticity
about any Of those great questions
"Thla Is the first time have ever
byy in this city, and ] am greatly
Impressed with H. I believe that
the city shows more real enterprise
than any OF the Western cities vls-
tied II has a metropolitan air that
f. impressive
"The city has flno buildings and
| good streets. considering the nat
urai disadvantages with which you