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MORSE BUYS WARD LINE. Control of the Ward line formally passed to Charles W... Morse last week. Mr. Morse and his associates have acquired 14,000 shares of the stock, of the New York & Cuba Mail Steamship Co., which were held by H. P, Booth, president of that company, and 6,000 shares from other _stock- holdezs, making 20,000 shares out of a total of 25,000. Shares the. company's $2,500,000 of. capital stock. The -~-remainding stockholders will have an opportunity to sell their stock to Morse and his associates , at representing the same price understood to. be something over $600 a share. 'ft The new New York & Guba Mail Steamship Co., which is to be formed with $10,000,000 of 5. per cent' bonds and $20,000,000 of stock, will be organized under the laws of Maine. 'This com- pany will replace the present company of the same name.. The temporary certificates of stock in the new com- pany are expected to be ready for de- "livery in about two weeks. _ The earnings of the Ward line'in the last: year, it << was: said' "by bankers interested in the change in control,-amounted to about $1,350,000 or 54 per cent on the capital of the old company. On this basis the line is earning enough to pay the interest on the $10,000,000 of new bords and show'a surplus of $850,000, equivalent to 4% per cent on the $20,000,000 stock _ of the ebmpany., NAVAL BILL PASSES 'HOUSE. The naval appropriation bill, carry:ng a little over $95,000,000, passed the house Feb. 15, after five days' consideration. Representative Burton made a against the building of the additional 20,- o00-ton battleship called for in the bill and offered an amendment striking out the provision for it, but his attempt was not successful. The house voted, 146 to TIT, for the battleship, en is to cost $10,000,000. The only material pee in the bill made was the striking out, of the pro- vision for a brass and steel forge at the Washington navy yard. The putting in of this forge would have been a blow. to the Midvale and Bethlehem steel con- panies, which have been forging the, brass. and steel for the guns. An amendment. was aap limiting to $800,000 each the cost of, the two tor- - pedo-boat destroyers authorized in. the bill, exclusive of armament. Another amendment was adopted, pro- viding that of the vessels authorized in last years naval bill, as well as in this year's, "not more than one battleship and one torpedo destroyer or ,two tor- edo-boat destroyers shall be built by one fight . tend his business is, Will it, pay? "Tac. Marine Review contracting party." Both these amend- ments were presented by the chairman of the committee, Mr. Foss. : NO ADVANCE IN RATES. ' Representatives. of foreign marine un- derwriters have denied the reports which had again gained credence, that a gener- al advance in 'full cargo , rates had been ordered. The summary of the ey issued | reports of the principal marine insur- ance companies. is, convincing evidence, howeyér, of the: anprofitable. nature' 'of "ve underwriting" business during the: past'; "It may be recalled' that ow--- ing to. the lage losses sustained by the * underwriters | in ther Rugso- Japanese. war" the first year's. settlements on account of - two years. 1905 were unusually heayy. The Amer- ican business' was also tinfavorably af- feated by, the abnormally large number of casualties | 'on the great lakes. 'TEs was therefore anticipated that the' general re- sults of working for the whole year would -- prove exceptionally' unfavorable. These anticipations have been. fully realized. The early months of 1906 were dis- tinctly favorable to the underwriters, but during the: latter part .of the year the severe hurricanes and= cyclones.' which were experienced resulted in many cas- ualties, and present indications do not , point, to the conclusion that the, under-- generally writing account for 1906, will, speaking, be a profitable one. DIRECT STEAMSHIPS NEEDED. - Consul A Ww. O'Hara, of Montevideo, 843,016. Hull, fOr Ships. s call fleet of the, co 'sending 'ten cents i 'gers, patent lawyers, Suite. ee "National Union 25 STEAMSHIP LINE'S BIRTHDAY. The North German. Lloyd Steam- ship Co.,, recently celebrated its fiftieth anniversary and it is interesting to re- that the company started with four screw propellers, | the first arrival at New York being, the Bremen, . _ 1,000 tons, on July 4, 1858. Today. the com- pany has some of the 'finest vessels | afloat, viz., the Kronprinz Wilhelm, the Kronp? rinzessin Cecilie and, the Kaiser | Grosse. Wilhelm der The present two aoe t officers*:for the" MARI iE PATENTS. ae : Clee of thes stents: ean 'he oblained ny in stamps \to. 'Siggers' & _ Sig- Building, Washington, - Des oY. Bren Heneng .. THE MARINE REVIEW. aig OVA 842,908. Folda ble or Collapsible . Boat. On: "Perring, 'Kalamazoo, -assignor- to". Life- 'Saving Sam Ira Mich., "Folding Canvas" Boat. Co. amazoo, 'Mich, mie aes "Olaf "Hotty Christiania, Norway." 843/02 Oar- Lock and Socket There: James. - Lackie," rand: Frank M. eet Poston, : ' Bremerton,' Wash. a 8ys.357- 'Hult Cleaning and Friction, Re- ee fis: on 'the methods to be employed', : to enable. the American. manufacturer and exporter to securé a. larger share of the trade of Uruguay and the countries trib- utary. to the River Plate. He writes : at have been. requested to give inisome. de- tail the. methods to be employed' to. enable. the American manufacturer, and -exporter to: 'Secure -ailarger proportion than markets of Uruguay an tothe. River Platet. 4 "Ty my. opinion the frst ana most. 'important requisite is that: the "American 'manufacturers and..exporters be, in' real 'earnest, that: the same methods be employed, the. same energy and c¢ap- ital be expéndéd: in securing these markets, that would be devoted:to the promotion of any other enterprise from which ample returns were to be expected. "The first question that will nauieally arise in the mind of the capitalist with money to invest, the manufacturer seeking a market for his sur- plus products, and the "exporter: desiring to ex- A first-class line of steamships, plying between New York ahd 'the River Plate, with ample accommodations for passengers, mail, and cargo, would not at the outset yield such: dividends as would be sat- isfactory: to ivestors unless given additional as- sistance. But» its continued existence would 'foster..and extend a trade that would' in time bring rich results. It would inspire, these, peo- ple, who are growing 'more friendly 'toward us, with confidence in our commercial ability, and answer the question which has' often been asked by thém on 'seeing the, flags of :so 'many other nations constantly in these waters. the American merchant marine? If Americans desire. an interchange of trade. with us, why do they not exhibit it by sending their ships?' The people here admire the 'Great Republic .of the North' and Secretary Root's recent visit has increased their interest.' Frequently -- the desire is expressed to visit the United States, but they can not afford the time to vo by way of Europe, and there are. no first-class accommodations direct." ; "Where 'is. they now. "enjoy | cof the i the faonities tributary, «- » ducing | Apparatus. William' A. . Partee and John &. . Whelton, aos Nashville, "Tenn; Ship for Carcying Liquid Car- , Lae! Newsatt: News: Va ce : 815 458 "Anchor fox Ferry-Boats. | "Mat- in. M. "Hoes, oe ee ip Ag ep ico ain 0; ssignor "of one-third to! John ¥ fie lle "Lorain, | I! on Reefing Gear. Daniel C. Jen- nings, North Falmouth, Mass., assignor of one- -half to Arthur ONL leet! Taunton, Mass. . ck. 444 At te oni: eae s of tha! shoe. "holders of the Great 'Lakes Towing Co: held 'in' Jersey City, IN. J., 'Tast week, the old directors were re-elected as follows: Gen. G. A. Garretson, L, M. Bowers, L.C; Hanna, H. G. Dal- in, iC. We | Biphicke,- Capt. James Ash, R. Ri "Rhodes, C. E, 'Grover, James Davidson, A?' B, Wolvin; Ed- ward Smith, D. Sullivan, John A. Me- Gean, TF, Newman and ee a } 7 in gstone. pos