Show I I j I I I MORGANS MORGAN'S SHIP SYNDICATE TE The flit steamship trust about which we I have ha been bee hearing n much of late is practically complete It embraces the American an and Red Hed Star StUl the tile Atlantic Transport the time White hite Star the Ley r Ll hi ml nn and the thc Dominion Do Io- minion Time The three last named are utie under the British fla flag one omme of I 1 them hem the tile Le Leyland Leland land is owned by hy Ameri A uteri cullS cans They are arc brought together under a New Ne' ew Jersey Jcl Jer soy sey e charter chartel und under the thc name of if I the lie International Mercantile J tile mine Marine This company hUB has f tinned an agreement with t the he two large German companies the thc Hamburg American I ean and time the North Norh German b li which said Hail German Lloyd by companies agree to contribute a portion of the their L' L dividends di to the I International and HI the flue latter agrees to pay UI a U fixed t sum each arh year eal to lo till thou former The TIle capitalization tion of I tin tin- International hi is iK l i stock and amid in 4 4 4 per pcr cen cent t bonds or or 01 I in imi all One half of the stock is classed as preferred and und one half common The preferred is entitled to lU toa lUIL a IL 5 j per 1 cent cumulative dividend Of rOUL course e I this his combine JIP does not embrace an anything Ii like ke 1 the he majority majori ty of I the lid trans Atlantic steamship companies It II lolO does however lI mal make p such a mi strong ag aggregation ion of or ships am and capital that it is in real reality i ty a formidable syndicate f With lt It Ii tIll the present nt feeling 1 against trusts f I there i is I lit little it tie I likelihood that Congress will ihl do much I for feU t I the lie ship hip subsidy bill hill mU now nta t some sonic of t the lie big hig bigI I liners have laive been M OJ Mor |