The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-17
PACIFIC MAIL MAY
SELL SHIPS TO CHINA
oriental Syndicate Seeking to
Acquire q New Ocean
Line.
REPRESENTATIVE on WAY

NJ, possibility Of a sale Of some
=, tho ships Of the Pacific Mall Steam
,,l, Company to n syndicate OF Chinese
..,uscd much interest in Wall Street
yesterday. The stock OF the company
..orsd a net advance during tho day
4, L, points. closing at tho high price
80 The enterprise Of the Chinese In
o,sning negotiations for the dounda-
.on ot a steamship line in the Pacific
,,ryce which would be representative
,,a Of first class was looked upon In
wall street as a gratifying evidence Of
IN. favorable results Of the recent visit
=, the Chinese commission OF merchants
to this country.
4, the Offices OF the Southern Pacific
1, was said that the matter could not
h. discussed until after the arrival here
O, Feng Sui OF Canton. the representa-
tive OF Chinese capitalists who Is to
take up the proposition with the officials
a, the Pacific Mail here. 1t IL known,
however. that high officials OF the COM
psrv entertain a large degree OF respect
Tor the Chinese and the integrity, ability
and resourcefulness of their merchants.
The Pacific Mail Company has had in
rnate business relations with the Chi
rese in its years Of Oriental service and
~ experience with them has been uni
,ormly favorable. Although little Is
known Of the financial resources and the
progra mme of the Chinese syndicate
that Is proposing the taking lover Of
some OF the company's steamers, 1t 10
assured that the representative who 10
on his way TO New York will receive tho
utmos, consideration ard that his prop
osition. IL Il has business merit. will be
taken under very careful advisement.
Outside of the Southern Pacific offices
the opinion was expressed in Wall Street
among those who have BEEN in close
touch with the Chinese in business rela-
tons that nothing could be done to pro-
mote the friendly commercial relations
Of the two nations more than the owner
ship and operation by the Chinese of .
standard transpacifo stea mship line.
The Chinese are not without some
p~erlence In the beginning OF steamship
operation along modern lines. They have
developed a Chinese coast service
largely in freight. which has proved q
profitable venture and there Is promise
o. success for them in wider fields. In
the opinion OF steamship men. u prop
erly financed and IL they have a some
what broader opportunity for the ex'
erise OF Western management. espe-
cially in the matter OF catering to West.
EN- passenger traffic.
The Chinese are skilful In keeping
down cost OF operation. and anon
Americans who have lived on the West
ern coas' the Chinese have a popularit,
which would augur we'll for a line op
Grated by them IL they kept up a ser
vice OF equal quality with the japanese
Steamship men hold that under West
ern executives. continued at least fol
while. the Chinese prove excellent sail
ors with promise OF large development
Capt. Robert Dollar. the most promi.
nent American In steamship work or
The western coast. while on a visit tc
China several years ago united with
he Chinese on a modest steamship ven.
'ure which. II IL said. proved eminently
satisfactory to both sides. The purchase
by the Chinese Of any Pacific Mai
steamers, however. would he the first bis
operation Of this kind for them and
would be watched here with great in
,erest. II is felt In steamship circle:
that such a purchase would mitigate II
part the extreme disadvantages I,
American commerce hat the driving
from the Pacific Of the American fal
by the La Toilette law and the
Glent handing over to the Japanese Of
the control of the Pacific trade woult
have on American commerce with thu
Far East.
The competition Of a Chinese lin,
with the Japanese would be regarded a.
most healthful and as carrying a goot
deal more of friendliness toward Amer
ican m than absolute control o
the Pacific by the Japanese would mean
The attitude OF Chinese merchant
toward the United States Is said by Pa
cfc coast Americans now In New Yorl
IN he one OF eminent friendliness. de
spite the exclusion laws and other dis
ordinations against them.