The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-09-06
Harriman's Son 10

{ Edward A. Ruhfel in tho Brooklyn
Eagle.)
Wall street hears the rumblings OF
a great steamship combine, rivaling
in capital and resources the huge
international Mercantile Marine
Company, with worldwide ramifica-
tion and service. Stories are going
the rounds that it is inspired by Pres
ident Harding's attitude on the ship
subsidy and that the plan is to op-
crate an enormous fleet Of the Unit
ed States shipping board and COM
pete with British and other foreign
shipping interests on all the seven
seas. Names have not yet been men,
toned, but the report is that the
United American lines headed by w.
Averell Hartman, son and heir pre-
sumptive to the fortune and genius of
E. H. Hartman, will be found on
the pinnacle of the organization.
The United American lines, owned
by the American Ship and Commerce
Company, is the greatest of the AM
erican shipping organizations pri-
vately conducted. It controls or op-
crates freight services to west coast
ports, to Hamburg, Morocco, Beirut
and various other ports in the Le-
want, to South America and between
South American ports and Hamburg,
to Singapore and the Dutch East In
dies, and also various passenger serv-
ices. 1t also acts as managing diree-
tor of the American Hawaiian
Steamship Company.
Ptf The american Ship and Commerce
Company entered into an agreemsnt
with the Hamburg American line, the
great freight and passenger company
of pre-war Germany, whereby the
former obtained the right to operate
its ships on any Of the Hamburg
American trade routes and also the
benefit Of the remarkable network Of
agencies and bureaus of solicitation
in many parts Of the world. Due pro-
vision was made in the contracts so
that the controlling company would
be American-owned, but this Is q
double-edged safeguard, intended on
the part Of the Americans to prevent
German control of the company on
the part Of the German to prevent
British absorption Of the American
Ship and Commerce company.
Young Hartman, who is only 81
years old, is intent on becoming in
the shipping world what his father
was in American railroading. He
has the backing Of his own fortune
and his connections, needless to say,
are of the best. The money Is there
His company is excellently connected
with powerful financial interests, too
1t is virtual partner Of this domi-
mating shipping company Of pre-war
and present day Germany, with its
contract acquired valuable system
Of business getters, obtainable in nc
other way, and very strong factor
when it comes to competing with the
experienced shipping magnates OF
Britain and Holland.
". Ayerell Hsrriman is likely "a
be greater figure in the steamship
world. Much has been made Of the
fact that he is his fathers son, anG
that he has his fathers fortune to
back his enterprise. But neither
name or wealth has ever been suffi.
cient to assure dominance in com
petitive industry.
1t Is quite true that young mar
with 100 million dollars to back him
is very advantageously situated In
making success Of whatever ht
sets his hand to do in business. Blu,
it is the carrying trade Of the worlds
greatest commercial nation that is ir
the balance and Americans with
grandiose plans for high place in the
shipping world have not been want.
ling.