The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-14
PACIFIC MAIL SELLS
FIVE OF ITS SHIPS
Atlantic Transport Buys YES
scls-Pricc Between ST.
100000 and SO. 500. 900.
FOR EUROPEAN SERVICE

Tho D1rlnC Mdil StSdfTtSnlp 'OinpHnN
announced yesterday that II had sold to
the Atlantic Transport Eine its Ave big
transpacifc steamers. the Manchurta,
Mongolia. Siberia. Korea and China.
The passing OF these ships to the Al
lan,ic. where they are to be brought,
sweeps the Pacific almost clean Of the
American flag on a regular service >vee-
ssls. The only big ship under the Amer
lean nag that remains Is the Minnesota,
or~rated by the Great Northern Railway.
The la Toilette law, making the ex-
r~nse Of operation OF American ships In
competition with the Japanese on tho
Pacific prohibitive, is responsible for tho
practical disappearance of the American
flag from the Pacifc The chief pro-
vision " the law. which falls more
heavily upon ships In the Pacific than
those in the Atlantic. IL that 7b per
cent. Of the crews must be able to speak
the neauR OF the commanding officers.
mis-, IL is said. puts control OF the Pa
c.Ac In the hands of the Japanese.
The Manchuria and the Mongolia, sis
tT SfllDt StpIil vi " kIDSS VIE VIII
he put in the New York-United Kingdom
service as SOON as they have finished
their Pacific runs and can be brought
through the canal to the Atlantic.
Practically Sister ships.
They are practically sister ships Of the
Minnehaha and Minnewaska, now in the
Atlantic Transport service. under the
British flag. They were built at Cam
Den IN 1904 by the International Mer-
camille Marine Company and sold to the
Pacific Mail.
The China will also probably be put
IN the New York-United Kingdom run.
II IL the smallest n oldeS OF the Ave.
II IL OF $3.50 tons and was built I'm 1889
IN Glasgow.
At least one Of the remaining ships.
and probably both. the Korea and
Siberia, sister ships. built at Newport
News in 1901. will be put In the Panama
Canal run from New York to San Fran
cisco. These vessels w a gross o n
mage Of lI..76 tons each.
Whether the ships will be kept under
American registry or not" said T. A, =.
Franklin, vice-president of the Interna-
tpnal Mercantile Marine Company,
which controls the Atlantic Transport
Line, will depend upon our experience
wnuh y" "u o.an. liz.
."IeS psa. a.,
TOT svou smHs u.'., IN ~, g. ~ @,'
..r,Sos 81 .xcaiis,,I, e,,aJ for
.an.c :, ICE ~ 1890 i 10 arao,
-, Arm..ar r.,is,rv we .hal, bave
-, ,ha .hins unjer ano,her nroha bly.
British"
rrrnnsan ,rad. gsva the Pacific Mail an
arrn,.d nnnortuni,v "a dir.o.e Of the
sh,ns n, a snod nrice OfhciaIs OF the
pacIsc NAH and M Franklin refu ,ed
la, niyh, m fell the price paid for the
Az. steamers
7, was estimated in shipping circles
that rrne Atlantic Transport Line paid
be,ween 81. 900. 900 and $500. 900 for the
ships, Mr.. Franklin said that Sll .OOO.-
600. which was reported as the price,
vas much in excess OF the real figure.
The Manchuria and the Mongolia. the
two finest and largest of the fleet. cos;
IN. Pacific Mail S4.2l2.o0 The tonnage
of the other three ships is about equal 10
that Of these two.
Because Of the huge earnings Of the
International Mercantile Marine Com
pany's ships I'm the last six months, Civ
INF the company a surplus Of ST.
o0o. 900 IN the first half Of this year, the
company will be able to buy the ships
out OF earnings and the $500, 900 of
new capital to be raised by the assess
ment on the stock in the ~reorganiza-
ton Of the ompan which is now In
receiyership.
With the d~isappearing Of the Amer
lean nag from merchant vessels on the
Pacific, the world girdling dream Of e,
H, Hartman will not be realized by his