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Iwasaki, in 1872 started a line of steamers, subsidised by the Government, the well-known Mitsu Bishi Company. Shortly afterwards another company was formed to compete against it. This line was also subsidised by the Government, but as the rivalry did not prove profitable to either the two lines were amalgamated in 1885 under the title of Nippon Yusen Kaisha.

We heard from the Nippon Yushen Kaisha in London that the Japanese authorities had sent an expedition to look for the Hitachi. The expedition called at the Maldives, and had there found, in the atoll where we had first anchored in the Wolf's company, a door from the Hitachi splintered by shell-fire and a case of cocoanut identified as having been put on board the Hitachi at Colombo.

Suddenly one of the officers of the Mindoro drew Parrington's attention to the fact that the whole build of the strange steamer characterized her as one of the ships of the "Nippon Yusen Kaisha" with which he had become acquainted during his service at Shanghai; he begged Parrington not to be deceived by the English flag.

He hurried on, indifferent to the beauties of the country through which he wound, unimpressed by the oddities of the civilization with which he found himself confronted. His mind, intent on one thing, seemed unable to react to the stimuli of side-issues. From Kobe he caught a Toyo Kisen Kaisha steamer for Nagasaki and Shanghai.

Immediately after the agreement was signed, three magnificent fishing boats, the "Minatu Maru," the "Minowa Maru" and the "Saro Maru," which had been hovering out on the Pacific while the negotiations were going on, appeared in Guaymas. Their captains reported to the Nippon Suisan Kaisha, a fishing company with headquarters in Guaymas.

The effect of these laws was to stimulate overproduction. The Nippon Yusen Kaisha ordered eighteen large freight steamers aggregating 88,000 tons. This, together with the business depression of 1898-99, brought losses to the shipping companies despite the large subsidies. The rapidly increasing amounts of the subsidies, too, were giving the Government concern.

Since then a number of other shipping companies have been formed in Japan, and the Nippon Yusen Kaisha has largely extended its operations, opening up communication with Bombay, England, and the Continent, Melbourne, &c. In fact, the Japanese flag is now seen in many parts of the world, while the Japanese Mercantile Marine has advanced by leaps and bounds, and is still annually increasing.

In the matter of oversea tonnage, Japan is far ahead of the United States. One fleet of Japanese mail steamers, the Nippon Yusen Kaisha, whose president, Rempei Kondo, is one of Japan's most progressive men, is numerically and in tonnage larger than any ocean line under the Stars and Stripes. It has seventy ships, aggregating 236,000 tons.

But before acting on that conclusion he caught a Toyo Kisen Kaisha steamer for Shanghai, and went over that city from the Bund and the Maloo to the narrowest street in the native quarter. In all this second search, however, he found nothing to reward his efforts. So he started doggedly southward again, stopping at Saigon and Bangkok and Singapore.

Never shall we forget the tragedy of that last half-hour in the life of the Hitachi Maru. Thus came to an end the second of the Nippon Yushen Kaisha fleet bearing the name of Hitachi Maru. The original ship of that name had been sunk by the Russians in the Russo-Japanese War. Our ill-fated vessel had taken her place.