The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-11
MORSE SYNDICATE
GETS 1S VESSELS
FOR WORLD TRADE
Lines to South America and
Europe Under U. $. Flag
Planned.
MORE THAN $3,0OO,O 900
ALREADY Is INVESTED

The purchase by a syndicate headed
by Charles W. Morse of four AXE steam
enips from the Mutual Transit Company
operated by the Lehigh Valley. the Erie,
the Lackawanna and the New YORK
Central railroads. which was ~nounce
Yesterday. was believed In Wall Street
10 be a final step in the formation OK a
shipping organization destined to be one
Of the largest under the American nag
II was understood hat the four ships
which were bought yesterday completed
q feet OF thirteen which have been Sc
cured by Mr.. Morse n his associates
At a cost OF more than 100000 one
of the vessels is the Zealandia- which
wa nearly the cause OF complications
with Great Britain last November. when
Il was searched by the crew OF a British
cruiser at Progreso. Mexico.
Big Line to Russia.
Twelve OF the ships. II Is said, are to
h. nut in service In New York to Arch
angel. Russia. and the thirteenth In the
coastwise shipping trade with south
America. The plans OF the Morse syn
dictate are understood to Include the en-
largement of the fleet n the institution
Of a service to all European and South
American ports. New York banking In
terests are reported 10 be behind the
plan. All the SHIPS will be under the
American nag and owned entirely In
this country.
As IL customary in some cases. each
shin owned will be represented by the
incorporation of "A separate shippHe
the whole TO be under control
Of a holding company as yet unnamed.
The thirteen companies bear the ollow
ing names:
The Frederick steamship Company.
the Oruruo Steamship Company. Linn
tied Ocoma steamship Company. the
Northland steamship Company. the
Lansing Steamship Company. the Huron
Steamship Company. the Minneapolis
Company, the st, Paul Company, the
william Castle Rhodes Company. the
Oweza Company. the Chemung Steam
ship Company. the J. @. MCCULLOUGH
Steamship Company and the Zealandia
Steamship Company.
Tho Oruro. Lansing. Ocomo. North
land and Frederick are understood to
have come into the possession of the
Morse syndicate by their purchase
through another concern. which resold
them. They were purchased about six
oAO ~ u VS. VI hpNaN
and are all nov either In service or
nearly ready for II.
" Railroads Had to Sell.
Prior to his purchase and the one
announced yesterday the Morse group is
said to have bought the Owega, the
Chemung and the j. q. Mccullough.
three of four ships sold by the Erie Rail-
road to, the Staten Island Steamship
Company. which concern is said TO have
disposed OF them to their present owner.
The Erie had to sell the boats because
Of the rule Of the Interstate Commerce
Commission divorcing the great lakes
Steamship companies from the railroads
ewn1hg Them, They we're cut into sec
eiop4 to get through the Welland Canal
and are now In this port being made
ready for service.
The vessels sold yesterday are the
Huron OF i.945 tons. built In 1898 the st
Paul and the Minneapolis. both OF 2,02s
tons gross and built In 1897. and the
william Castle Rhodes of ?,l76 tons
gross and built IN 1900.
The four vessels sold to the Morse
syndicate ara now at Buffalo and will
b brought to the Atlantic seaboard as
soon as possible. where they will be re-
fitted with condensers SO that they can
be used In the coastwlse trade
The name OF Mr.. Morse does not app
pear in any OF the Incorporation paper
nled with the Secretary of State at AL
bany. Eight OF the interpretations bear
the names Of Carl X. Crosby. Maurice +,
Long and George +. Collins, all Of New
York. These eight are:
Huron Steamship Company, Mime
apolis Company, ST Paul Company
William Castle Rhodes Steamship
Company. each with $4,000 capital
Oswego Company n the Chemune
Company. each with $4,000 capital
the j.. G. Mccullough Steamship Com
pany, with $4,000 capital Zealandia
Company, with s4l3,50O capital.