Jasper County Democrat, Volume 9, Number 26, Rensselaer, Jasper County, 29 September 1906 — HEW STEAMSHIP COMPANY [ARTICLE]

HEW STEAMSHIP COMPANY

Its First Job Is to Build Eight Vessels at • Cost of Nearly ; 94,000,000, ’ , Detroit Sept. 28.—The Free announces the launching of & big steamship company on the great lakes that will build at once eight * ships, each GOO feet long, and each costing about $475,000. While the personnel of the new concern is not given in. detail Moses Taylor, vice president of the Lackawanna Steel company, is mentioned as prominent In the new steamship company, and it is stated that other capitalists associated with Taylor in the —ackawanna Steel company are interested, although the steel company Itself does not appear In the transaction. The new ships are to come out in 1008, and are to be built by the American Shipbuilding company, the latter company agreeing to take over at a valuation of 81,000,000 the ship owners’ dry dock property at Chicago.