Shipping Rings
THE CUNAIID SUBSIDY. By Telegraph—Presß Association —Copyright New York, Oct. 2. Tho Now York Post says tho predominant feeling in Wall stroot is that the Cnnard's subsidy is a sevoro blow to Morgan’s combine. The Morgan shipping combino has boon incorporated at Trenton, New Jersey, undor tho designation of the International Mercantile Marino Company, with a capital of 120 million dollars. Mr Morgan is not a director. Mr Clinton Edward Dawkins, a partner of tho firm of J. S. Morgan and Co., is chairman. Tho British Committee includes Sir W. J. Pirrie, of Harland nnd Wolffs, and Mr T. F. Ismay, of tho White Star Dino. It is believod they are working in arrangomont with tho Cunard Lino. Ottawa, Oct. 2. Canadian business men aro satisGcd that tbo Cunard arrangements safeguard Canadian interests by preventing Morgan's supremacy.
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Bibliographic details
Gisborne Times, Volume VIII, Issue 538, 4 October 1902, Page 2
Word Count
139Shipping Rings Gisborne Times, Volume VIII, Issue 538, 4 October 1902, Page 2
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