| Show ij y lIl y he Veni Ventures tres of Charles W WJ J Morse forse e Have HatJe Ha Je Been of if Jach I ft Magnitude tade That He Is Lr IsS Re 1 S ij garaged as ac a Marvel Marge by od Con 1 Je Business Men YO yearn URO ngo It WIS tuns s W predicted of or Charles s W tV tVa V Vi i a s rg tiers Moreo that In another vit jt i two Uvo years nn ho he would be bo botho ber berr r r ii rr tho the muster of uC the rho Ih American marine tho the foremost In tn tho rho maritime world Tho The period fur Cur tho ilia fulfillment of at the prophecy has hall arrived ar arrived rived rivet but hut It hits him not come COlli to pass posu nor will It bo realized In the Immo Imme Immediate diate future The Tho would be brt b dictator of oC the Iho Amerl Y con can commercial marine lies lias met with c the unexpected hindrances which at lit atthe thin the inn were wert not even within tho the thoi i ot or With the tho recent closing clo of oC tho the doors doom of at three Institution with which he Ite was Identified prominently It t Isi IB now predicted possibly ly by some nomo of oC those who nho were tho self constituted 1 seers of oC two tw years OKO that the tho th I brilliant career of ot C W V Morse as l lla a captain of oC Industry will wilt end Ind speedily tn tnt At t the time of oC tho the first prediction the situation iwae something like 1110 this till a Not t content with the thuC Ice t e trust w hunk blink merger telegraph cable and telephone rl which he had hlll Acquired Mr Merso embarked In an on undertaking which promised at tit the time limo to o b but bo of or Tar morn more consequence to toh h the Uio commercial world than the fa ta famous a amoos moos steamship trust engineered by byJ b byJ J Morgan In o days Morse had control of at ofa a II considerable per cent of oC nil all the ship shipping shipping ping pin on tho the seas Hens lying flying I tho the American tam fine lie IIo made no secret of or his am nun NOon to control every eVer American Americans t j s lino IIno In tho the coastwise trade trado lie II own owned il four tour lines out ot of a n alino line lino between Now few N w York and und Boston Roston two lines on ott thin tho Hudson river and ond he h Clyde und and ni Muller Mallory line lino between New York Yurl mill and southern ports In all nil allI I Iho he hr was wal the proprietor of it no less les than thon Vessels pro propelled I by steam These constituted a n fleet much larger than thun many mon of ot tho the leaner er 11 European governments could ouid c uld command and larger than that lint of oC any country on tho the western hemisphere savo tho the United States v in Jn In his lily merging oC ot tho the coastwise o oi i steamship lines Mr Morse Marso pursued ilia 3 same general enro plan employed by Mr Morgan In n his Ills creation of oC tho the In a aIn Way In the Maine Mine Ice lee Trade He lie Developed Into Info One of theMora the Most Mora Mo t Conspicuous Con Finan Financiers Financiers Financiers ciers In America 1 Maine waters oter Morses father fath r planned and organized the Knickerbocker Tow Towboat Towboat TOWboat boat company and nOli his hili ron Ion on saw flaw a n great grell deal of oC life on board ship shill In Ida early days When he was seventeen years eurs ot or age aijo ng he made up his mind to go to 10 col cot college college lege and ho he h entered In The Tho elder Morse was a 11 man of con considerable eon on means but he saw SIW no espe especial especial cial dat merit In a Il college education und amt un ho he said so 80 True Truo to his conviction on the tho subject and oud with characteristic Pine Tree State Slate economy he declined to contribute to his Ills ambitious sons at attempt attempt attempt tempt to become wise and lInd young Morse was wall obliged to resort to all sorts of oC expedients to pay pa his way at Brunswick Bruns Brunswick wick Even Kven I ven at this stage tage of oC his career ho he exhibited a n monopolistic tendency In the summer three or four boys used to peddle candy cundy and antI fruit on an ex excursion excursion steamer which made dally dall trips down the river to Boothbay har bar harbor harbor bor her Morse managed to obtain the ex privilege from the owner of the boat After his graduation he took up the work of bookkeeping In his hI fathers Cather of oC office lice fice The rho elder Morse speculated In to InIce InIce Ice lumber and other Maine products and his wido awake son pon gained u a good Idea of the tho business In that way woy He lie content to let his father ap appropriate appropriate all tho the profit and he hn soon began to speculate to a n little on his own account and with such excellent sue cess that his father tather was glad to join him In buying up largo large quantities of or orIce ice and ond shipping It In chartered schooners to southern ports This was wasa a phase ot of the Ice Ie business entirely original with young oung Morse A Wider Field I eld It long before beCore Bath became too small for Charles W V Morse lie sighed for Cor wider fields but he did not sight sigh long Instead ho packed his trunk and started for New York At the close o of oC his first year S ear In that city he hewal was wal to tho the good all nil made from tron various profitable deals In the Ice lea I business That was In 1885 From the time he 11 launched Into the Ice tee business he begun began to acquire plants and ho he continued this process until ho obtained possession of oC practically all the Ice Ico resources of tho Kennel Kennebec ec Penobscot tand and Hudson rivers A bad year In tho lie nineties crippled many small concerns and those Morse r orso j prompt promptly took look over In n payment of or their Indebtedness to him I Ilie I Ilie lie He did not become a conspicuous figure however until un tit ho he had hod cornered the lea ice market The Tho first Important development of ot the ice Ico trust Idea was 18 Lunde manifest In ht 1807 1801 when the Con Consolidated Consolidated Ice lee company was wall formed this master stroke put an un end to most moat ot or the tune small and struggling concerns concern and also put a great fortune in the pockets ot of Charles W Morse Two years later the American lee Ice company was born und and Is 13 head bend the title of or Ico ice king kins The price of oC Ice doubled In a 1 week Competitors were handled with no mercy and ond soon ceased to ex cx exIst let 1st In appreciable numbers It 11 was at this time that Mr Morse Mora 1 became b actively Interested In politics q not national or oven even state but hut plain 1 municipal politics Ho Ito became a mem 1 lieu her of or Tammany Hall und soon lIoon wielded d I n a mighty Influence In the Inner coun councils of oC that organization organisation Some of ot the lending leading city officials became Interested In his business projects and InI u n great guat scandal ul resulted Charges of oC corruption tion were made on every ever hand hund and j whether true truEl or not It was a cold day J for Tammany when It went Into the lc le Ice J business Its members who hold prominent prominent nent offices wore were killed po politically 1 but hut Morse made millions from Crom thee tho operation This brilliant I financial coup would J 1 have satisfied some somo men but I It was vai J merely a 0 fresh stimulus to tho the If j I slue energies o of JC the lee Ice king Ho lie reached out eagerly for a II new field Meld to conquer and ho lie began bogan his campaign by 1 acquiring n leading influence In all ull j t the New York banks that could bs he i controlled by u IL man of nr his business 1 1 power and mid capital Almost before any anyone anyone j jono one ono realized It he ht blossomed forth Corth as asa 1 n na a 0 formidable competitor of oC Morgan Morgon 1 Rockefeller and Morton orton The po possibilities ties of or the combination of ot two lines of ot J activity was wua uppermost In his hla mind and an all soon lIoon as the proper moment ar arrived 1 j rived he proceeded to direct all his energies to that end Ono One was the j t consolidation of or the tho Atlantic coastwise J lines and tho the other was Will tho the control ot or ofa 1 5 a II long string of banks j jIt It was In to the tho effort to accomplish all i this that Charles V Yo Morse amazing j manipulator that ho bo was Willi overreached hed t j t himself II H PICARD j I |
