The Bridgeport evening farmer., 1915-01-07

trolling interest in the Leyland Line, The Atlantic Transport controls the National Steamship Company, Ltd. The number of steamers owned by these corporations on July 1, 1913, in- cluding those under constrlction. was 137 with gross tonnage of 1,280,41O tons exclusive of tugs, lighters. etc. A large maj jority of their ships are under foreign flags. Moody'ss Manual states | that the majority of the stock of the International Mercantile Marine is de- posted under a voting trust agree | ment. The voting trustees are J. P. Morgan and Charles Steele, both mem fbers of the Morgan firm, Bruce Is7 may, P. A. B. Widener, and Lord Pir- rie. Among the directors are J. P. Morgan, Charles Steele, Geo. w. Per kins and B. J. Berwind.
 ',The fleets of the United States Steel Corporation, Standard Oil Com pany, and the United Fruit Company, were registered under the American flag. While the Standard Oil and United Fruit Company have consid-
 erable fleets of ocean going vessels,
 the United States Steel Corporation has only a. limited number of ocean
 going ships, this fleet being composed principally of lake steamers. An ex- animation oc the personnel of the di-
 rectors of these companies shows that
 J. P. Morgan, George w. Perkins and EEbert H. Gary are on the Executive Committee of the United States Steel ! Corp and that William Rocke- fel1er largely interested in Standard l Oil, serves on the Board of Directors | of the National City Bank. with MT.
 J. P. Morgan and Frank A, Wander 1 lip and others who it will be later I shown are largely interested in coast 1 wise shipping, The United Fruit Com
 pany is largely composed of Boston
 interests though it is said the Stand.
 ard Oil Company interests are large l investors.
 .sInvestigation of the coastwise ship ping interests develops situation
 equally interesting. Nine-tenths of the
 Atlantic Coast shipping is owned by
 the railroads and two corporations. The report of the House Committee
 on Merchant Marine says: The steam
 CTS of the railroad-control1ed lines
 combined with those of the Eastern
 Steamship Corporation and the Atlan-
 tic, Gulf and East Indies Steamship
 Lines number 199 or SAT per cent of
 the above mentioned total for the 2S1 | lines and represent 516,055 gross
 tons, or 93.9 per cent. of the total gross tonnage. Not only do the railroads
 and the two shipping consultations
 dominate over nine-tenths of the ton-
 mage, but it is significant that very
 few of the principle routes on our en- l tire and Atlantic and Gulf coasts are 1 served by more than one regular
 steamship line.
 s"Che railroad-controlIed lines re- l ferred to in the report of the Com
 mittees are the Southern Pacific, or
 Morgan Lines the Old Dominion 1 Steamship Company, and the Ocean l Steamship. Company, or Savannah
 Line These with the Eastern Steam | ship Company and the Atlantic Gulf and West Indian Steamship Lines con 1 stitute practically the entire coast l xxyie z17f ho
 board. It is a remarkable fact that l the interests allied in the own ership I and control Of all of these coast-Wise
 lines are also associated in the for | eign American shipping. Taking the companies in the order above named l we finA that in the Southern Pacific, | Henry w. DeForest, a prominent di- rector, served on the board of the Ma tionaI Bank of Commerce with Henry | P. Davidson, with J. P. Morgan and Company, with Frank A Vanderlip
 and William Rockefeller of the Ma
 tiona,l City Bank. L. F. Pores, ano-
 ther director is on the board of the Seaboard Air Line Railroad and part
 owner of the Old Dominion Line. Og- II den Mills, another director, is asso-
 ciated with the Pacific Mail Steam
 ship Company, and he, with Cornelius
 Bliss. another director are on the
 board of the United States Trust Com
 pany of New York, on which board
 the same interests are found domin-
 ant
 >.'The Old Dominion Steamship Company is controlled by the Atlan- tic Coast Line, Seaboard Air Line, j Southern, Chesapeake and Ohio. and ,l Norfolk and Western Railroads. The
 same interests appear here. Frank
 A Vanderlip, of the National City Bank, appears on the boards of two of the railroads. Charles Steel, mem D Il Company, Elbert H. Gary. chairman of the Board of Directors of the Uni- ted States Steel Corporation, Victor Morowitz, a prominent member of the Board of the National Bank of Com merce, and others of the same inter
 ests are found on the boards of these railroads. The Merchants and Miners Transp ortation Company was until re- 5 gently, owned by the New York, New Haven and Hartford Railroad, which from recent investigation by the In- 5 teTstate Commerce Commission and the Department of Justice,Sit was dis } closed that this was controlled by J | P. Morgan and Company. The Gov ernment required the railroad to sell ) the Merchants and Miners interests 3 The new owners, however, ~e1ong te the same aggregation. The chairman
 of the board of Directors of the Mer- chants and Miners is on the board o1 s the Atlantic Coast Line Railroad, os : which J. P. Morgan and Company are 3 the fiscal agents. and others have sim. l liar affiliations. The Ocean Steam t ship Company, (The savannah Line) g is owned by the Central of Georgia 2 Railroad. On it's board are fotfnc Q gentlemen who are interested in New s York banking houses with the Nor = gans and Rockefellers.
 t tTThe Eastern Steamship Compan, = is a holding company which eontroll = and operates eleven different steam : ship lines of the New England Coas = and controls practically the entir, @ trade of that region. According t, q Moody's Manual, on June 80, 1918 = pany owns two and a half million : dollars in tEnn stock of fInis nnraror,,,