NEW YORK. July 17;-*-#urprise
was manifest today in shipping
circles over tne'Ti.Uure of a plan of
the International Mercantile Marine,
generally understood to have been
for the creation of a huge all-Ameri
can fleet by the sale of its vessels
flying foreign flags and the purchase
of American vessels. The scheme
appears to have been abandoned, at
least for the present.
Negotiations for the sale of the
line to a. British syndicate, headed
by Furness, Wltlpr 4 Go., Ltd., have
been dropped, says a cabled an
nouncement from P. A. 8. Franklin,
International Mercantile Marine
president, and Morgan, Grenfell A
Co.
Mr. Franklin went ,to London
early this month to represent the
International Mercantile Marine in
the proposed ship deal, plans for
which were announced last April.
Morgan, Grenfell A Co., the London
branch of J. P. Morgan A Co. of
New York, represented the British
Interests contemplating purchase of
the White Btar Line, which sails Its
vessels under the British flat, al
though controlled by ah American
company.
Failure of the negotiations was a
surprise to New York .shipping and
financial circles, for It was thought
that arrangements had practically
been completed when stockholders of
the International Mercantile Marine
voted June 17 to authorise the sale.
It is understood that the price
named for the White Star Line,
which numbers among its vessels
the Homeric, Majestic and Olympic, 1
was 1*1,000,000. Failure of the
negotiations, - It is thought here, re
sulted from disagreement on terms
for payment of this sum.
CITIZEN SOLDIERS WIN
PRAISE OF COL MAJOR
Commanding Officer at Tort Eustis,
Va., Xjaittd* Training Club for In
terest in National Defense.
Members of the Citizens Military
Training Camp dub of Washington
were commended for their interest in
national defense by Col. Duncan K.
