THE WHITE STAR LINE. GREAT SHIPPING AND RAILROAD COMBINATIONS.

Grey River Argus, Volume LVII, Issue 10520, 13 December 1901, Page 4

THE WHITE STAR LINE. GREAT SHIPPING AND RAILROAD COMBINATIONS.

A short time since it was announced that TStr. Pierpont Morgan, the great American financier, had acquired a controlling interest, on behalf of American capitalists, in the well known White Star line, which owns some of the finest boats in the world, and does an enormous trade across the Atlantic, and is rapidly building up a great service in Australia. In Liverpool it is now believed that the transaction has been completed. Recently Mr Morgan paid a sudden and unexpected visit to the Pacific Coast, crossing by the Northern Pacific railway to Seattle, and it is reported that he has a great railroad and shipping combination in hand, which may (says the Auckland Herald) even extend* to this colony, and embrace the Spreckels line' of steamers. In the London Daily Express of 17 th October appears the following cable messagefrom Yew York: — " New York, 16th October. Whatever may be said to the contrary, Wall-street believespretty firmly in the White Star deal. An official of the Atlantic Transport Company, the closest ally of the | Morgan and Leyland interests,, said | that American capital wants > English steamship lines, because Englishmen know how to run ships more cheaply than the Americans, who," on the other hand, can beat the English in running railroads cheaply. ; The American railroad interests are determined to own or control the steam- 1 ships of Europe. Mr. Morgan, is endeavouring to obtain the Oceanic Company, and the j.eiitire^ _New Zealand trade. The I \@peahic Company owns eleven ships, -which" are about 60004;ons each. ; .3.. The chairman of the Conciliation, Board, in speaking to the Seamen's Union representative, said : — "Andso if the men only work four honrs they should be paid for eight hours, but if they get paid for eight they should noo be called upou to wk twelve, hours,"