New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-09
WARD LINE FOR MORSE.
NO NEW HIVEN r. r.. DEAL.


Charles W Morse and his associates are not
TO set the steamboat properties OF the New
York. New Haven & Hartford Railroad COM
pany, but they probably will within a short
time take over the New York and Cuba Mail
Steamship Company. operating the Ward Line,
and may perhaps also control the New York and
Porto Rico Steamship Company.
The proposition for the purchase from the
New Haven road of the New England Naviga-
ton Company, which operates several lines of
Sound steamboats,, is understood to have IN
cIuded the transfer of the Maine Steamship
Company. which recently acquired by
corporation also controlled hy the New Haven
That proposition was considered yesterday az
ternoon by the executive committee, and later
by the full board Of directors Of the New Haven
road It was declined by unanimous vote Of the
directors, it is learned from authoritative
sources; that action not being indicative OF dis
satisfaction with the price offered, about So
100000. but being in line with the settled policy
OF the company, the directors, II IS understood
regarding the steamboat lines as an integral
part Of the New Haven system, which they
would not sell at any price.
Several months ago It was rumoreo that liie
Morse interests were negotiating for the Ne"
York and Cuba Mail Steamship Company but
- any negotiations We're begun at that time,
nothing definite concerning them became pun
Yesterday q Boston dispatch SAID tAal AT
Morse had bought control OF the toAIpdi's' ~
Morse, when asked about the report, aHS' 80
that fl was at least premature. Henry + BOON
president OF the steamship company, sara; ms
property has. not been SOLD yet decIl4'Ills
ever to confirm the Inference that neEo'i AioiiS
for sale We're in progress. on excellent auJhor-
fly It is understood that Mr. Morse has oIeieu
Si5 0O0CGO for The line, and that the asking
price is S2OOJoVOO An agreement, II is sad,
IS likely TO be reached at about SlSOOOoJO bur
the transaction will probably not be compielej
until the return, q week or so hence. OF <AL-I14
G. smith. secretary and treasurer OF the com
rauv Who is now IN Cuba, although an earlier
conclusion OF the negotiations IS not lI4bosSlole
M ,Cr-rary Is capitaIi2ed at s. 800 600 and
has no bonded debt. The stock Is closely held.
and the dividend rate is not known me al
recr0rs IN addition 10 MessTs. Booth ana 7-Llii
are George Z. Weed, John W. Barrett ana VIII
lam Rowland.
The Ward Line operates q large feet Of freight
and PASSENGER steamers between the bahamas,
C7,la and Mexico. Among the ports at which
fra Steamers touch are Nassau, Havana Guam
tauar7o Tamuico. Nauzaniuo, Santiago, Glen
furaOe and Vera Cruz.
T-c Ward Line sold recently to the Panama
/ Railroad Line now controlled by the United
/ states government It's old steamers the Havana
and the Mexico. which were yenarea me = an
anna and the Colon Since the sale OF these
: steamers the Ward Line has added to its fleet
/ three new steamers, the Merida the Mexico ana
! the Havana Among the other steamers are tho
CITY Of Washington, the MORO Castle, the bay
amo the Monterey, the Sesurancd. the Matanzas
The New York and Porto Rico Steamship
! Cor7ranz for which also according To uncoH-
! frned renorts yesterday Mr. Morse is negotat-
/ ing, operates a line OF PASSENGER anu lielstlI
/ steamers between New York and Porto Rico and
! New Orleans and Porto Rico Among its steam
! ers are the COamo. the Carolina, me BeTWlnd'
/ the San Juan. the Ponce, the Arkadia, the
! Pathfinder and the Santurce.
! The. officers Of this company are: President.
/ John z BerWind vice. president. r. J. Berwind;
! secretary +. Kingsbury Curtis; treasurer and
| manager, Franklin D. Mooney. The directors
/ are the Messrs Berwind, MI Curtis, Henry r
Booth Gordon Macdonald, J. H. Ceballos and
John s. F'ske