Show NOW STEAMSHIP COMBINE J P Morgan Has Practically Consummated Con-summated a Plan to Bring TransAtlantic Trans-Atlantic Lines Into a Trust Now York April 9J P Morgan who is now abroad has practically consummated a plan to combine af the leading transAtlantic Hlcamshlp lines I London dispatches to the Associated t Press announcing the combination were today confirmed at the Morgan banking house Jusl what the capitalization of the company now IB IB not yet known but the amount IK likely to he well in excess ex-cess of 150000000 ThlB phase oC the project will depend entirely upon the number of steamship companies taken into the combine One of the most Interesting features of the plan deals with the subsidy question The WhIte and Cunard Ilnoa receive liberal subsidies torn the BiIt lob Government These subsidies would be withheld or abrogated if the shlpsot ihos < i lines changed their flag from British to American Because of this the ships of the White Cunard and the English subsidized companies will > doubtless continue nominally under un-der British control George W Perkins of J P MOrgan Co authority > for the statement that American interests will dominate tho proposed amalgamation and declares de-clares that the result will prove not only a great triumph for Afr 3Iorgan but will make the United States the real rulers of the merchant marine of the world Mr Perkins also says that the plan i1Ibc of great benefit to Importers and exporters as well as to the great railroad < I Interests of this coqntry Its effect will he felt by shippers from Maine to California Mr Perkins said and also will result In a better understanding under-standing between the commercial Interests I In-terests of this country and Germany |