New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-02


III accomplished in the first six
.or,hs Of It's existence by the Amer
International Corporation. This
4, he most imaginative and best or
.-,,,s effort that has yet been made
.,,, this country that place in the
ii, q world activities which it de-
.,-e. and is richly able 70 occupy.
-. r,r-at,ve has something Of an
,pi, quality 1t follows;
.h. erst Mace. a general policy
81, ,~vrsfwcnts was settled upon, 10
.o Give the preference 20 under
..t,,cs of the largest public impor-
-, and calculated 20 establish per-
..,. financial and trade relations
'...'., .he United States and other
.r,os To further this end most
'ST-....flv &, was determined 20 coop
80. ,,,tb other American corporations
s-,e-,esn engineers where they had
-,.o~ious foreign projects 10 present.
A.. Of the first accepted projects
IL me latter class. The engineer
60 fr-, Of Ulen & Co.. Of Chicago
Ia ,- hsrd negotiations with the gov
-.-,srt Of Uruguay FOR the eonstruc-
- ~ watervorks and sanitary WORKS
Nrse cities Of that country. Inc
..,.-,ct Rad been originally let 70
80 hi PARIS. which had been Obliged
IT, 49, war 90 drop 10. Payment was
=. ~ made in bonds OF the Nationai
c.r.-,-,,~t Ulen & Co. had reached
y. .r-asr,ert with the Government as
=. ss~.~ar. terms. but found difficulty
b. S,s-os,r- Of the bonds. IL laid the
$50 before the American International
.-4 en- arrangement was erected oN
49, .Ao latter takes the bonds an0
Sf,.s ere money. and the stone &
y-tts..r F~~ireerinc Company becomes
,.so.,,.e8 In the undertaking. The ar,
-.-'-,r,crt was made In February, ana
800, The engineers, superintenQehIS
80 foremen have sailed, and large
....--.i.ios ~ machinery have been Tor
800 The shipping situation was so
..-.cv.ai- that the American SAILING
,css,i Alice NJ. Colburn, OF 2,oOO tons
,,s, purchased 90 carry equipment. ne
.s..rac. - 90 be completed IN thIet
v,s-s and win involve the purchase o.
committees OF cement, steel. 700 anu
-a.hircry which probably WouIo i"'
-o-e from Europe Il the CONTRACT rS-
,se- carried ont as oriC'na.ly le.. nc
-otal expenditure will be about co.
shipping Investments.
The disorgan.zed state Of ocean ship
rtr- and The embarrassment arising
t.'~ +. % American foreign trade was
brought Immediately 10 the attention OF
tfo coronation. The Southern Paelnc
Comrarv. operating the Pacinc NAL
Steamship Ccmrany. had determined 70
retire altogether from shipping on the
Pacific Ocean. and had sold Its large
shirs O. the trausracifc line, leaving
.te Asiatic trade without any ships car
ung she American flag. II WAS nego-
.at.rr fcr the sale Of five ships en-
ra-ed n the coasting trade from San
Francisco 90 Panama, & line when nad
been ir continual operation for hfty
yea,s and these ships were nkely TO pc
'-srs ferred 10 the Atlantic. The loss OF
Old, line would have cut OIL communlca-
lion between the Pacific ports OF thes
United States and the western ports OF
Mexico and Central America, 70 Ihe
destruction Of an important trade re
tIuons from chambers OF commerce OF"
the Pacific Coast came 10 the corpora
zion 20 take over the Pacific Mall and
maintain this service, and the corpora
ton succeeded in eifecting an arrange
ment with W. K. Grace & Co, extensive
shin operators. by which this was done
Having become interested IN the SNIP
ping situation, and regarding II OF NlIa4
Importance TO our foreign trade, the
CORPORATION then acquired substantial
interest in the international Mercantile
Marine Company. undergoing reorgahl-
cation. This company is the IaIsesU
owner Of shipping in the world. Bit
ish interests predominant II, but there
u every reason 10 believe that Amerl-
can commerce will have fair treatment
a. rs hands. The american lnterna-
tional has also acquired an interest IN
the United Fruit Company, owning e%-
tensiye plantations and other interests
around the Caribbean, and operating q
feet Of steamers in that trade.
The corporation has taken over the
Allied Machinery Company, company
previously organized TO act as foreign
sales agent for certain American manu-
fseturers of machine tools. Compre..
hensive plans for the development OF
this company have been made. Perma-
rent Offices will be established IN Eu-
rope, ample stocks OF machinery car
ned at convenient points. ana an en-
Gent corps Of statesmen employed. inns
organization is doing a rapidly increas--
ing business. and will be on the ground
after the war 20 represent american
manufacturers in the work Of rehahlil-
isting the workshops Of Europe Tor
peaceful industry. This company, with
the cooperation Of American steel man
uiaeturers, recently handled a Russian
order for 10000 tons of steel rails.
IL is probable that selling arrange
nents for other machinery and other
goods will be effected.
Latin-American Corporation.
The Latn-American field is so large
ana so well deserving OF careful atteh-
non that, after a preliminary survey,
determination was reached 70 organize
subsidiary company 10 be devoted
entirely 20 the investigation and
handling Of propositions from that
quarter. This company has been or
canned under the laws of Maine, as
me "Latin-American Corporation" with
an an authorized capital Of $1,000, 900.
tharles A. Stone, president Of the
american International Corporation, is
giesident Of this corporation. K. Z.
tlHSiey, treasurer OF the American In
ernauonai, will be its treasurer, and
~ directors, so far as announced, are
VT stone, Mr. Tinsley, w. S. Kies, 7.
henry and Thomas w. Streeter.
ane organization will include an ex-
s ~ engineering and construction staff,
s,, az VIII be equipped not only for con-
sr; segon but for the operation of ac-
b'u properties. This corporation
Sns.;s uhder consideration numerous
ds,Sonne projects including the ccnsoli-
tr,O O" and rehabilitation of existing
wors. mes the construction Of public
sews,s including water supply systems,
mert, systems and harbor develop
velon,,.sad the construction and de-