THE WHITE STAR LINE.

New Zealand Herald, Volume XXXVIII, Issue 11825, 30 November 1901, Page 5

THE WHITE STAR LINE.

GREAT SHIPPING AND RAILROAD COMBINATIONS. A short time since it was announced that Mr. Pierpont Morgan, the great American financier, bad 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 to Australia. In Liverpool it is now -believed that tho 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 even extend to this colony, and embrace the Spreckels line of steamers. In the London Daily Express of October 17 appears the following cablemessage from New York : — New York, October 16. Whatever may be said to the contrary, Wall-street believes pretty firmly in the White Star deal.

An official of tho Atlantic Transport Company, the closest ally of tbe Morgan and Leylahd interests, said that American capital wants English srte&msihip lines, because Englishmen know how to run ships more cheaply than the Americans, who, on the other hand, can beat the English in mnning railroads cheaply. The American railroad interests are determined to own or control the steamships of Europe. Mr. Morgan is endeavouring to obtain the Oceanic Company and the entira New Zealand trade. ' Ibe Oceania Company owns eleven ships, tout of which are about 6000 tons each.