Show ts I New York Journal The ThC purchase by b the tho J Pierpont Mor Kan Interests of oC the tha control of the tho Ley I Lu land line of ot steamers Is the most boat mo me momentous i event that has occurred In tho the field lI ld of ot world commerce since the Con Confederate Confederate federate cruisers drove the American flag nug from the th ocean It means nothing less than that American capital Is pro pre preInIng baring InIng to grasp that sovereignty of ot the tho theseas seas BellS which we seemed on the thou point of attaining fifty fitly years ngo age The report that the new ships shills to bo ho 0 ordered by the tho Morgan combination will be built In the tho United States Is Inherently probable It U will be to the Interest of the steel trust and l Its associated shipyards to have such a n market for their products Hy fly II supplying It they assure themselves at nt once n a means of oC tiding tilling their works over oer slack times They Tile create an nn Im Immense mense new demand that Is lo not affected by foreign tariff policies London Telegraph After the floe sweeping coup de tie main by which one of the most mo important of our merchant fleets hen hoa been transferred ed what position In the whole Hold fIeld of ot Brit Ish l h commerce can con be bo considered secure from Cram the enveloping strategy of the organizer of the steel trust who It U must mu t be Ito admitted hRs has acquired a bet better ter claim to tho the title of ot the of troth tItan than any nn other lIro of nf mod modem ern em Industry The Thi reflection that the has to look very vr squarely In tile the face la Is simple America has hns superseded our beaten our coal conI output left us tia far In Inthe Inthe inthe the production of Iron and steel and has parsed us at nt last In the total vol volume ume urne of export She hns 1105 only onh coon com commenced hoer her final onslaught on our car carrying trade tralle and und with these beginnings II we may ma wonder If such things s are arc done In the tho green tree what will be Je done In Inthe Inthe Inthe the dry j t |