The Dada was bought by Edward N. Breitung for $165,000, which was considerably less than the value of the steamer. The vessel, i trated, has been insured for 880,000 in Hamburg. Separate insurance for an amount not disclosed was obtained from the Federal War Risk Insurance Bureau on the 11,000 bales of cotton, put on board the vessel at Galveston for ultimate delivery to customers in Germany through Rotterdam.
Information was obtained here later that the owners of the Dada were to be paid 8190,000 for carrying the cotton to Rotterdam. Thus they would receive $85,000 more than the purchase price of the vessel for this maiden voyage under the American flag. The value of the cotton is understood to be about serted that if the Hamburg: American Company bad any understanding with the purchaser of the vessel, whereby she was not to be used in trade with England or France, this would be attaching conditions to the sale, in the interest of the German Government or nation, aso belligerent, that would nul: lity the transfer as being without A One-Sided Rule, In this connexion it was pointed out in a high quarter that Germany had taken the position and had so notified the United Btates, in response to inquiries made of the Berlin Foreign Office by the American Ambassador, that Germany would not recognize the transfer of a vessel from Britith to American registry, if the transferred steamer was to engage in trade with British ports. The suggestion was further made here that if vessels transferred from the British to the American flag were not to be permitted to trade with British ports, and that if German vessels were sold to Americans and put under the American flag with an understanding that they also must not engage in trade with England, the rule would be one-sided.
All the persona who could be reached in New York in re ference to the allegation that the Dada was sold under an agreement that she would be used in trade with France or England denied the statement outright, or said that they had no knowledge on the subject Aman conversant with the Dada sale of that the transfer of this ship indicated an effort on the part of the Hamburg-American to get rid of ite ships interned in outlying ports. Other ships of that line lying in New Orleans and Cuba have been offered for sale, and another freighter which was' interned in San Francisco has been sold. The Hamburg-American Line, it
Text read from the printed page and cleaned; old type leaves the occasional error.