for their properties and services. The underwriting syndicate probably
realized $25,000,000.
Copyright. 1902, by Rockwood. N. Y.
Andrew Carnegie.
The trust creators extended their operations abroad. In 1901 J. Pierpont
Morgan and associates acquired the Leyland line of Atlantic
steamships. British nerves had not recovered tone when a steamship
combination, embracing not only American and British but also German
lines and ship-building firms at Belfast and on the Clyde was announced.