The Bridgeport evening farmer., 1916-07-14
LIKE INTEREST MAY CONSTRUCT
 TRADING ''SuBS
Inventor Oonfers With Men Said to Be Planning
 .$20, ,00O, 900 Firm

Simon Lake, submarine inventor, Returned to this city today from Balti- hnore and Now York, where he viewed )khe submarine Deutschland and con- herred with 0nicers in the corporation hnterested In the undersea cargo Marrying project.
 Lake announced definitely that he had no intention of libelling the Ger man boat because of possible infringe lment of patents, though. admitting khat the Deutschland externally had
 &very appearance of being the sams design as Lake boats.
 < That large company will be 6ormed in America, in which both Herman and. American capital will be l1ntereaed-1iS posstble,F according to ulr. Lake. who was in confluence with Well known maritime men yesterday.
 Though tsntative plans have been haid whereby s20.oo0,Q00 company
 may be organized. the full details have not been worked out and the Hnatter h in abeyance.
 T It is possible that the Lake Sub
 narins Co.,, as distinguished from tho I.ake Torpedo Boat Co., will get g share of thu submarine building oper- {. .ations that would follow the forma- ticn of such . company. Both simon '&I.Ak6 and. Captain Koenig of the sDeutschland were called upon by the
 capitn1ists interested, to give their \ svtsws upon the feasibility of such a J.chame. These capitalists names Sare not made public today but it was
 ntixnated that several were officers
 N the North German Lloyd Steam
 fip CO, who are acting as agents for
 <ho new submarine transportation Ieompsny in America.
 \. rho situation that might present 1atS1ak shopl4 company building sub I5narAned for tho government attempt It{o compete in commercial fields was l4rl1y explatned by Mr.. Lake this xt6Fndne with definite assurance that !!t1S1 IlkS Torpedo Boat Co. would not fke llkely to attempt such operations l4fhe Lake Torpedo Boat Co. was form H&d purpo1o1y It the instigation of f16varnmSnt Oflcials and others who ijBSlipve6 m havink suitable yard in 11rS3 England for the manufacture of N ka1tE EWaf craft in tirne of necessity. i{SrhS IAke eubmarine Co.,. which was s1fISs orIe1xnal concern founded ip s{Rra6 o3ort, n still in existence, act- I1nes Ynerely as holding company for
 khs xnEe Torpedo Boat co.
 m the event of Lake getting con- it1ac11 Scf tho construction of under 31sa cargo carryine vessels, tt would :lhe necessaxy Tor the Lake Submarine $Co. only to build another pl1nt, to tIeaSe such plant or to subset con 3 aAsted to. state specifically what ne- & EotIdtion9 have been carried on look MT towards the establishment of E moro Ameti6an-made boats for ser |s vfce betweeh this country and Ger S xhanY. 1rr Lake refused to discuss .l1hSin. saying: T do not care to my
 Snythin xbout that at this time. IL
 " lit{Is premature now. We are to ylIS4ve another meeting in the near fu-
 s'1n my mind such q project would sthS Y succe1. Tnree boats are known \ to havs been built already. The de- jl6au1 for transportation of persons IAnd cSssof fia prJnous and cannot De {. by ne new Company even at the !1ndut 0x6rbttant rates. Cargoes have ;lbSdn h0Qked far in advance for the bcak tlAf has recently made the trip khd mo. de1nand will continue to in
 crsase IT tho feasibility of undersea Transportation iS demonstrAted. . .xr 7A4f