New-York tribune., 1906-11-11
I'm SHIP TRUST NOW.
standard Oil Group Hahes j. r.
Archbold Director.

John F. Archbold. son OF John ID. Arch6old
vice-president OF the Standard OIL Company
has been elected a director of the International
Mercantile Marine Company II was learned yes
terday. place being made for him by the res
ignation Of Thomas W. Joyce one of the Morgan
representatives the board The election OF
Mr. Archbold is understood to signify that the
Standard OIL group has acquired substantial
interest in the company. which has since its
formation been distinctiveIy a Morgan enter
prise, as far as this country was concerned. rs
directors being members Of j p. Morgan & Co
and men closely associated with them. and I'm
addition number of Englishmen who had been
identified with the White Star Line before it's
absorption into the International Mercantile
Marine Company
The entrance Of the Standard Oil into the In
ternationaI Mercantile Marine created interest
Of small Importance i'm shipping circles. II
hinted that vigorous policy would prob
ably be pursued in the building of new steamers
of great length and tonnage to compete with the
new monsters which the Cunard Line and other
competitors have already started
interests closely associated with the combina-
tion's financial affairs are confident that the
surplus for this year will exceed S4OO0OoO This
estimate embraces only the White Star, Red
Star. American and Atlantic Transport lines
The company has also important holdings in the
Leyland Line, which showed profit last year
Of over 100000
The season for big freight shipments Is now
at hand. but the shortage of cars has prevented
grain and provision shipments from reaching
port The trust. however, is pursuing liberal
policy with the shippers. and is charging only
a small commission for dead room now en-
gagged that cannot be used and transferring the
contracts to later steamers.
The latest creations OF the Hamburs-American
and Cunard lines have caused the trust to sit
up and take notice. The turbine steamer Car
mania and the Carona. two of the Cunard Line s
new leviathans, have attracted considerable
patronage. The innovations and cOnvenienceS
of the Hamburg American Line, have also made
a profound impression among seagoers. ana
when ]. Bruce Ismay. president OF the inter
national Mercantile. returned to England on
the Amerika, after his recent semi annual
visit TO New York it was rumored that he trav-
elled on that steamer to get ideas for the new
steamers OF the White Star Line
Mr.. Ismay quoted saying that he was
not sure if turbine engines would be installed
In the new steamers of the trust, as their eco
nOmic value had not been fully determined
The Standard OIL Company has for some time
been no small factor in the shipping business.
Besides a great number Of oil barges. the COM
pany includes In its floating properties the steam
erS Astral and Acme, both Of 2SS7 tons. and
the Atlas. of 3.O06 tons.
Mr. Ismay was impressed with the a la carte
restaurant feature Of the Hamburg-Amertca
steamer. and intimated that such a service
would be likely on the new White Star steamers
The Cunard took the lead In experimenting with
the turbine and has since maintained that tur-
bine engines are big success. The Interna-
tional Mercantile Marine has lost no opportunity
OF prOfitng by the experiments OF It's rivals. and
into the combination great increase IN its
fleet of ships may be expected.