New-York tribune., 1920-06-06
U. S. Ships to
Open Hamburg
Trade Routes

Trade Routes
CONTINUED from page onel
agents for the American Snip and Com
merce Company. They will also be the
to use their organization. The trade
routes will be reopened as fast as we
can furnish the vessels"
Our greatest rivals will be the In
ternational Mercantile Marine. They
would have liked to have tied up the
HamburgA Line. The money
in the north Atlantic passenger trade
is in the third class business. The
Hamburg American Line had the bulk
of this business.
"Steamship knowledge in this coun-
try is very slight. AS far as England
is concerned, they turned us adrift
we were bound to mate an alliance
with somebody. The English have vir-
tually told us they have long handled
shipping alone, so this was the only
chance if the American flag was to be
kept on the seas
Everybody, every business man who
has been abroad within the last six
months, has come back and said that
we must put Germany back on her
feet
eve fought to destroy her; now
feet, and this will be the hardest fight
It's an absurd situation, but | guess
it's the truth.
Cold Business Proposition
"We are the greatest rooters for the
American merchant marine, and we
know that if we are going to keep the
American flag on the sea we have got
to play ball with somebody. This is a
cold -blooded business proposition"
Mr.. Monks was asked if any con-
sideration had been given by Hartman
4 Co. to the recent protest by H. II.
Raymond, president of the American
Steamship Owners Association, against
acceptance of the Hamburg American
Line as exclusive agents for the United
States steamship companies. In that
protest Mr.. Raymond, who is president
Of the Mallory and Clyde Lines said {:
1--WE have been constrained to protest
against the employment Of the Ham
ing record of hostility to American
interests, as the exclusive agent of any
American ships that may enter German
waters"
That's bunk" declared Mr.. Monks
Mr.. Monks said that Dr.. Cuno and
his associates, who have been staying
in the Gramercy Square home of
William G. Sickcl, would return to
Germany about July l to report on the
negotiotions.
The announcement yesterday OK
planned that Hartman & Co. had
acquired through purchase, sub
stantial block of stock of the Amcri-
can Ship and Commerce Company. For
more than year this company, of
which Kermit Roosevelt was an officer.
has been operating a freight service
between New York and Hamburg and
utilizing the Hamburg American Line
as its agents in Germany.
Turn Over Hamburg Agreement
The announcement also said:
"W. A. Hartman e. Co., Inc, have
agreed to turn over to American Ship
and Commerce without consideration
their agreement with Hamburg Amer-
can in whole or in part, as may be
deemed advisable. This agreement is
of great value to-day and has tremen-
dous possibilities in the future.
"Thc directors Of American Ship and
Commerce duly accepted an offer made
jointly by Chandler & Co., Inc. (who
organized the American Ship and Com
merce Company, and N. A. Hartman
& Co., Inc, for 100000 shares of Amer
lean Ship and Commerce, now held un,
issued in its treasury, at 50 share
and gave them an option good for
ninety days on an additional 100000 at
the same price. Inasmuch as either
directly or indirectly American Shin
and Commerce has on hand some s12,-
00O,0 900, which is available for the pur-
chase of ships or available for new CON
structior, and with the fresh monev
added by the sale of treasury stoc!.
American Shop and Commerce will not
need additional financing for some time
American Ship and Commerce's hold
ings Of Cramp Shipbulding and En-
gine Company has in no way been dis
turbed.
ut is expected further interesting
announcements will be forthcoming
shortly"
Chandler & Co., Inc, and w. A. Har-
riman & Co., Inc, state that all the
ships owned by their affiliated com
panies fly the American flag and are
owned by American corporations, in
which there are no German interests
direct or indirect.
| The Hartman interests plan to get
az much tonnage as possible from the
United States Shipping Board, either by
ALLEGATION or purchase
Livermore & Dearborn. who will act
as operating agents for the American
Ship and Commerce Corporation, are
the agents for fortysiX ships Of tho
United States Shipping Board Some of
these probably will be put on the Ham.
burg American trade routes. Hartman
& Co. also have a large voice in the
management of the Shawmut Steam
ship Company, the Coastwisc TransNor-
tation Company and the American
Hawaiian Steamship Company. In addi-
tion the Hartman interests control the
shipynrds at Bristol and Chester with a
building capacity of 100000 dead weight
tons a year, and the plants of the Mcr-
chant Shipbuilding Corporation and
Cramps
Warrants Issued for 5000