New-York tribune., 1921-01-21
British Ship
Pact Charged
ToI. M. vi. Co.
CONTINUED from frs. p.se>


after referred to as the American com
pany,' of the second part, and the
Oceanic Steam Navigation Company
(limited), Frederick Leyland & Co.
$4,000 Qimited), the British and North
Atlantic Steam Navigation Company
(limited) and the Mississippi and Do
minion Steamship Company 0imited) j.,
the third part.
40. This agreement shall have effect
Tor twenty years from the eth of Sep
force thereafter subject to a notice Of Of
five years on either side (Which may
be given during the continuance of this
agreement), provided that His Maj
estys Government shall have the right
TO terminate this agreement at any
time If the association pursue a policy
injurious to the interest of the British
mercantile marine or Of British trade.
Britain Has Final Word
~: In case any difference as to the
intent and meaning of this agreement,
or in case of any dispute arising out
OF this agreement, the same shall be
referred to the Lord High Chancellor
of Great Britain for the time being,
whose decision, whether on law or fact,
shall be final"
AS whiting or unwilling agents of
British shipping interests in the cam
pa'gn to throttle the growing American
merchant marine" Senator Jones
named the United States Chamber Of
commerce and magazine published
ny It; an agent of the Shipping Board
at at New York; who, he said, had former
~ been in the employ of the Interna-
tional Mercantile Marine Company.
international bankers and the heads
of great railroad and steamship COM
panies."
Senator Jones also charged that one
OF the methods used by British ship
ping interests is to hamper the devcl-
opment OF the American merchant ma
rlne through encouraging the Eastern
trunk line railroads to seek the can
celiatlon of existing equalized export
freight rates to all Atlantic ports. A
prlnclpal figure in this movement, Mr..
American director of the British
owned Cunard Line and chairman of a
committee of the Chamber of Com
merce for the State of New York, ap-
pointed to deal with export freight rate
questions" He also declared that Mr..
Franklln was president of the
Chamber of Commerce.
Charges Unfair, Says Franklin
AS Senator Jones finished speaking
and started to leave the hall President
FRANKLIN, of the Interna tional Mercan-
Tile Marine Company, asked him to re-
main while he replied to the charges
made against the company.
who now in the Shipping Board
was IN the employ of our company ?"
demanded Mr. Franklin.
"A Mr.. Randall I think"
a., re never was in our employ" said
that am vice president of the Cham
Der of Commerce of the State of New
York. hold no office there at present,
"Regarding the charges made by the
Senator, he is unfair to us. All Of the
agreements referred to have been be-
fore the Shipping Board, have been
Easscd by the board and declared satis
f'ctory. If these documents are real
from the standpoint that the company
owns large amount of British prom
erty. you will find that there is also
large protection for American in
terests.
"At one time we had our British
property all sold to British subjects.
The deal was about to be closed when
the President of the United States
asked us not to consummate it. After
ward the ships were sold to Che United
States, but the President stopped that
also"
Senator Jones left at this point, de
claring that Mr. Franklin could lay
what facts he pleased before the con-
vention.
All Directors of Company Americans
1T is unfair for a Senator of the
United States to make staterents that
are incorrect" continued Mr.. franklin.
"The International Mercantile Marine
Company is absolutely American. The
directors are all Americans and 81