New-York tribune., 1918-03-02
Hog Island
By Theodore M. Knappen

ARTICLE II

owns the following companes The Allied Ma
chlnery Company of America, the Allied Ma
chlnery Company of France, the American
international Shipbuiding Corporation and
| the American International Steel Corpora
tlon 1t operates the following: The Allied
Construction Machinery Company the Allied
Sugar Machinery Corporation, the American
international Terminals Company, Carter,
Macy d Co., Inc; the China Corporation and
the Latin-Amercan Corporation.
Moving Tales
The plans, hopes. projects ana aspirations
OF the American International Corporation
would fill a large volume with moving tales
OF the romance of big business
When war came the directors of the Amer
lcan international considered how they could
90 their bit. Shipbuilding seemed the most
likely way, and in view of their connections
through Stone & Webster and otherwise with
the constructive and engineering resources
and lnstrumentalties Of America the fabri-
Gated ship idea seemed to denote the partic-
ular way. In fact, the Shipping Board took
the initiative in this respect.
10 make long story short, the subsidiary
American International Shipbuilding Corpo-
ration was formed, and after much delav-a
delay that inevitable or not, cost three pre-
clous !nonths-a contract was signed between
TINS body and the Emergency Fleet Corpora
ton on September 13 last by which the for
mer undertook to build shipyard that
would dwarf even all previous dreams of
shlpbulding, that would build ships in great
er numbers and with more sneed than thew
were ever built before and that would re-
qulre an investment OF about S2OOOOO,0 900 ip
yard and ships. For doing this great work
the A. |. {. was to receive in the argrepate
about $600O,OOO which, though distinct]v mot
a percentage -of-cost fee, would, if reduced to
percentage equivalent on the entire WORK.
amount to about 33 per cent THE CORPO-
RATION RECEIVES NO PAYMENT FOR
CONSTRUCTING THE YARD. its remurera-
ton being entirely based on completed ships.
in view of all the storm OF criticism that has
arisen this is very important fact to keen
IN mind. The A. L. c. paid for the Hog Island
site, about nine hundred acres, out Of its own
funds and retains the title, with proyiso
mat the government may at the conclusion
OF the present contract take over the land at
cost price, viz, $1,706,0O0 plus interest at 6
per cent per annum. Thus the corporation
Owns inc iahd and the government the plant
Ultimately the corporation may ACQUIRE the
acquire the land from the corporation.
Their Power Behind the War
In this way supreme American finance and
engineering ability came together to put their
mighty power behind the war against Ger
many. The combination, to reduce it to ner-
sons, as reflected in the official personnel of
.hc parent corporation, means Frank A. Van.
derlip, chairman; Charles A. Stone president.
GEORGE D. Baldwin, senior vce-presdent: ,
NuMoer OF other vice presidents of national
lame and the following directors: j. Orden
Armour George J. Baldwin. Charles A. Cof
mn, William E. Corey, Robert Dollar. Pierre s
ou Font, Joseph p Grace, Robert f. Her.
rick, Otto Fl. Kahn, Robert S. Lovett. AM
frose Mcneil, Henry s. Prtchett Percy A
kocketeller John D. Ryan, William L. Saun-
GERS James a. Stillman, Charles A. Stone.
Guy E. Irlpp, Theodore N Vail, Edwin S.
Webster, Albert II. Wiggin, Beeckman Win
throp and William Woodward. Dwigh. p
Robinson and James Goodcnough. OF the
StSne 4 Webster organization, are president
ana general manager, respectively, Of the
shipbuilding subsidiary
These are the men behind the gun at Hoe
Island. These the men who are hit whom
you throw mud at the Hog Island undertak
ing. They are doing their work-not perfect
~, but as best they can Mud is bcnp
thrown. The greatness and the lttleness Of
America, Va