Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-10-17
U. S. CAPITAL TO
OPERATE FLEET IN
CHINESE PROJECT
Big Company is Organizing in
Washington for Shipping;
,. -, and Land Trade
WILL MEET COMPETITION
OF JAPAN AND RUSSIA
One Line of Steamers Will PLY
From Norfolk to Portland,
II" Second to China Ports
sY c. S. ALBERT

49," Especial Star Bulletin CorresDondeneeD
In view Of the protest which japan
and Russia are making against Amer.
icsn enterprise in China, the follow
ing news from Washington concern
ina large commercial project is in
teresting. II is also interesting locally
because Of the possibility mat Homo
lulu may be made calling point for
the new fleet.
WASHINGTON, ID. c., oct. 5.--One
answer to the proposed commercial
exploitation, Of China by Japan and
her allies party of exporters of the
United States. has organized a Mill
tant concern TO get business in the
Orient. A project to be known as the
Chinese-American Produce Exchange
Company, with headquarters In Wash
ington, is now taking definite shape.
The purpose of this organization is
TO meet the proposed "grab-game" in
China.
Among the leaders in this moYemen;'
are Senators Roke Smith Of Georgia
and Fletcher of Florida. They are Oh
the advisory board.
DIR. Clarence ]. Owen Of the South
ern Commercial Congress is one of
the active figures in the Chinese
Ama iican Produce Exchange Com
pany. III Fu Shah, former Chinese
minister to the United States; will
have charge of the detail work in
China. Yung Kwai, counsellor to the
prsssla Chinese legation here, has
joined In this campaign
w II. Southgate Of Norfolk, Va,
president OF the extensive wharves
known as the Southgate Terminals,
is interested in the new enterprise
The starting point of the company's
fleet will be Norfolk, as the largest
shipment from this country to
China is cotton, and cotton products.
The company proposes to construct
two fleets, one TO operate between
Norfolk and Portland, Oregon, by way
OF the Panama canal. stopping on the
way at Wilmington, N. c.; Charleston.
New Orleans, San. Pedro. San Diego,
San Francisco and possibly Seattle.
At Portland the goods will be tran
shipped to another line, which will be
owned and operated by the same
company, but of much heavier tonnage
and of greater speed.
The proposed Chinese-American
company expects to make its profits
on a moderate scale. II is not to be
a money-making adventure, its promo
ters insist. The intention is to estab-
lish an International clearing house, |
whereby the standing, rating and |
general business character of mer-
chant in China seeking to buy goods |
from United States exporters may al
ways be available for information In |
the same manner the integrity of the |
American buying merchandise from a |
Chinese likewise may be ascertained |
for the guidance of the Celestial.
The corporation, according to all in |
formation, is to be established on the |
cooperative plan. Instead of stock !
organization, il will be a membership !
concern, and each member is to be |
entitled to call for such information |
as he may desire with respect to the |
Chinese market
company will maintain an inspection
service at both American and Chinese /
ports. In case of damage to goods /
in transit this will be discovered with
out the unrolling of red tape. The /
same inspection will prevent the ship
ment of goods of inferior quality from
those ordered fiom the ports of eth
er country.
David ~ Rose, former trade adviser i
to the state department, is secretary |
of the new corporation. He is plan
ming to send men out into the field to
lay the plan before the businessmen
who are turning their eyes toward the |
Orient as a possible market. The !
first organization movement will be
undertaken in the South. Promoters
of the scheme claim that already
enough support has been pledged TOT
insure the success of the venture, |
which is INTENDED TO increase vastly |
the trade between the two countries.