Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-12-04
THE STEAMSHIP LINES
EFFECT A Combination.
Control Of Principal New England Routes
Sold TO Eastern Company--The Metro
poitan and Maine Steamship Com
panies Are in the Deal.

Boston. Dec "a readjustment Of
the finances and control OF the prin-
eipGl steamship routes of the New
England coast vas practically accom-
pdshed Saturday, bs= the reincorpora-
ton under Maine laws Of nearly all
the lines between Boston and ST. Jonn
undar the name of the Eastern Steam
snip Corporation ana the announce
ment OF a pending transfer TO the
same corporation Of Maine steamship
Co, operating between New York and
Portland. It was also state That the
Eastern had arranged to purchase the
Metropolitan Steamship Co. Of Maine.
now operating line Of freight boats
between this city ard New York and
that il planned 10 restore the passen-
ger service between here and New
York, discontinued q yer ago by the
sale Of the Harvard and Yale.
Papers for the Incorporation Of the
new corporation were fled in Augusta,
Saturday. with headquarters given as
Kittery, but it Is probable that the
hailing port Of all the steamers Will
b Eliot. Ne.
Tie directors al the new company
will be Calvin Austin, Henry Mallory
John t. Hin. William i. Cobb Charles
/ r Libbey. William H. Hill, Josiah ".
Hayden, +. +. Pepper and Gaiea
i Stone.
With the transfer of the Metropolitan
ard Maine Steamship Ces, to the East-
ern Co. the New Haven & Hartford
Railroad CO. rofinqushes its interest
In Sew England maritime traffic east
Of New Bedford and will, it is said
rrs haeie - The exchange of the
rsosta,,, c+can9sbIr 70 stock for thai
~ M e,to,,,5sl7f.s Coronation will be
SIM in new, nor cent. bonds and 500
j., rov,. etoc1, fcr eaeb Sfhn Of old stock
--
New Haven, Ct Dec. 3.-The Maine
Steamship COS. rel estate ana steam
ers viii be transferred to the Eastern
Steamship Co, operating between Bos-
ton and other ports. The Maine eofh-
pany operates a line between Portland
and New York and includes the so
called outside line I is entirely own
cd bv the Hartford & New YORK
Transportation Co. which is owned
BY the New York, New Haven Z
Hartford. The transfer includes five
steamers, wharf, property at Boston
aud onc-half Of a wharf, property OF
Portland. the other half OF which IS
Ns-sl,s IN ~ s,sl,5as otbiTo
up - re +b., 0Ta{n.
-. -. a.,.,,o,,at, orea4-
-, ~ ~. - :, Id subject 70
80 ~ 5.5z..-5tg55 ~ Ss5a adg
80 ~ - 49,. st,s,,,ers
49, -
/ rTTtz ,feyfif ion,
t of rho eastern Steamship Co. was an
/ ropoeed ser}i-offeiaUy three days ago,
but the directors and these in control.
refused to comment, 50 that the in
/ eorraratioo of the company in Maine
saturday, under the name Of the East
err steamship CORPORATE was not
surprising.
The COMPANIES which tire new COR
,oration viii absorb are the lines run
,,f,,o from, poston to Portland, Bath.
RoekIand. Bangor and St. John as well
&C y-orio,,s little lines plying about
sn,all Maine ports between Portland
o,d Nj 9asert TIE Eastern Steam
sl,ir ~ v-aa orisinated by Charles W
So yrl,er tho consolidated com
800, vent INTO the hands Of a receiv-
-. ~ 1Toetern with the other Morse
15t7pr was returned to Its S(OChIlolEG.S
i - thro,5gb the federal court.
That the Eastern Steamship Co haa
i been reovganized and that the taN4ns
over of the line Of steamers OF that com
pany. as we'll as the Maine steamship
| CO. and the Metropolitan Line plying pc
! tween Boston and New York oy new
corporation, IS TO be erected was tllaos
public, Saturday when the articles OF
incorporation of the Eastern 7teaiii7liip
| Corporation were fled at the ONCE OF
| the secretary Of State
TIE new corporation is capitaii2ed d,
Sc. 10000 all common stock par Na'ae q
shares 800. The purposes Of the ne" cor
poratlon are, 10 own steamships con
duct transportation business ana hoio
stocks and bonds of other companies inc
incorporators are Edwin c. Kamsdeit
N. n. r