New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-09
CLYDE SALE In DOUBT.
PARTIES CONTRADICT.
{. ". Morse Claims Lne-NOt
Yet. Says old Head.

There seems to be a conflict of opinion between
those chiefly concerned as TO whether CharleS
w. Morse has bought the Clyde Steamship COM
pany. Mr. Morse said positively yesterday AFTER
noon that he had bought the line "iiiiam T.
Clyde said just as positively a few hours later
that il had not been sold.
Mr. Morse was seen just before & o'clock IN
the National Bank of North America, II winch
he is vice-presdent and which is one OF his
properties. where he had been in conference all
the afternoon. He had promised a statement
on the steamship affair for 40 o'clock. At the
time when he 1t supposed that he
was in the inner office preparing the statement
hut he came I'm from outside. smiling and evil
IDENTIFY pleased, and said to the waiting re-
porters:
THE Clyde Steamship Company Of Delaware
has been transferred to the Clyde Steamship
Company of Maine. There will he a meeting IN
this city tomorrow of the Maine company. at
which it will he organized and officers will be
elected"
He was asked If the officers OF The old COM
pany would be included in the personnel of the
corporation.
No" he said: the officers will he new men,
/ do not care to say who hey will be-"
He was then asked if the Clydes would retain
an interest in the company. To this he replied:
The Clydes VIII keep a substantial interest
in the company. but it will not be controlling
interest
Mr.. Morse would not give any details Of the
transfer He would only say that the new COM
pany would have s14,0o0,Oo0 capital and would
issue 100000 of bonds He said that he did
not care to say yet what the price paid for
the Clyde interests. It has been said. however.
that the price'at which control was to pass was
s7OO0OO0
William P. Clyde. head of the Clyde lines.
asked last night if his properties had passed to
Mr. Morse. and he replied:
Negotiations NOW progress and have
been going for some time. but any announce
ment as yet is premature. Nothing has been
contaminated"
There seems to be no reason to believe. how
ever that the deal will not go through
planned. Mr. Clyde apparently of the
opinion that successful elimination of the
gotiations was I'm sight. though he differed with
Mr. Morse as to whether they had been termi-
mated already.
The Clyde Steamship Company of Maine,
which is to be the holding company. was in
corporated in Augusta, Me. on Wednesday. The
authorized capital stock is s14,0oOoo0 divided
into shares with par value of 500 each, all
common stock. The acquisition of the Clyde
Line gives Mr. Morse centroI OF a system of
Gulf and taking in a West Indian line with
valuable concessions in Santo Domingo, giving 1t
a practical monopoly of the shipping business
with that country. Mr.. Morse already has con-
troll Of the Eastern Steamship Company. which
IS a consoidat ton Of the Portland Steamship
Company. the Boston and Bangor. the Kennebec
and the International Steamship companies. He
operates the Metropolitan Line between this city
and Boston, also, and the CIydes will take him
to the Gulf.
The Clyde Steamship Company of Delaware is
the holding company for all the many Clyde
lines. including the New York, Charleston and
Florida Line tho New-YOrk. Santo Domingo and
Hsyti Line. the New York. Wilmington and
Georgetown Line. the Philadelphia and New
York Line. the st. Johns River Line and the
West India Line. The company owns twenty
ships, with a total tonnage of 33939. They
the Algonquin. the Apache, the Arspahoe, the
Benefactor. the Carib, the Chippewa, the
Comanche, the George W. Clyde, the Goldsboro
the Huron. the Iroquos. the Mohican. the
Navajo. the New York, the Oneida, the Onon-
daga, the Seminole. the Winyah, the Yemassee
and the Cherokee, recently savaged from the
Brigantine Shoals.