The New York Times/1918/11/11/Lines Big Holdings Here
LINE'S BIG HOLDINGS HERE.
Hamburg-American Property Worth $100,000,000 Seized by U.S.
Special to The New York Times.
WASHINGTON, Nov. 10.—A. Mitchell Palmer, Alien Property Custodian, estimated tonight that the total amount of property of the Hamburg-American Line now in the hands of this Government or disposed of, amounted to $100,000,000. This estimate included the ships taken over by the Government when the United States entered the war.
All the property in this country owned by the Hamburg-American Line, except the office building at 45 Broadway, New York, has been sold by the Alien Property Custodian to the United States Government. The office building is still undisposed of but it is being used by the Government for various offices. The property is owned by the Atlas Steamship Company, a subsidiary of the Hamburg-American Line.
The Hudsom River piers of the line and the terminal facilities at St. Thomas, Virgin Islands, were both sold to the Government. None of the property of this line has been sold to private corporations.
"Albert Ballin," said Mr. Palmer, "was an intimate friend of the Kaiser. The latter was also a heavy stockholder in this corporation."