Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-06-20
The steam ships.


The Steam ships.
The experiment has been tried and it is successful
50 far as relates to the practcabiity of bridging tn,
Atlantic by steam. And now comes the consdera
ton about the coppers. Will itpay? That's doubt
fall Has it paid? No! We have this from the best
authority; frem some of those most Immediately
concerned in the steam ships themselves.
But then the ready answer is that the British 60
vernment will make up the loss to the companies
We are not SO sure of this. We have seen it stated
that the government will reimburse the "Brinsh and
American Company" who are building the British
Queen," bat do not know that this runner is cor
rect, and if is, the reimbursement is only to take
place for one year. Bat even during that time we
doubt whether the companies will be satisfied with
escaping from any loss; on the contrary we feel GER
tain that they will discontinue their valuable exertons
and advantageous operations unless they can realize
handsome profit and throw their time their ia
Tents, their enterprise ana money INTO q channei
whence emolument will ensue.
And in saying this let as not be understood as
charging the British people with any thing like sor-
did or selfish spirits in doing so, they will only as
all persons would act under similar circumstances.
The ever recurring question of cut BONO" is one
that comes home alike to the bosom and the business
than man who is not swayed by its influence in al
most all his actiens.
When therefore, we have these facts before us, and
add to them the important one that the continuance
of transmission between this country and Great Bri-
tain by steam, is of the most vital importance to
the interests Of every member Of the community at
large think that there is scarcely any occasion for
impressng upon the public mind the absolute neces-
sty Of patroniring these steam ships by erery
IN our pocer.
We say there is no occasion to tell them this-to
beg them to do this because they must to be So
and seeing mast act as they ought to do Inthus
nestly urging upon the public the claims of the
ships would not for single instant be understood
as undertaking the importance Of our packet ships,
and the valuable services which their entcrprising
and gallant captains and proprietors have rendered
our beautiful city and country.
We are fully sensible of their worth and their me-
rts and will still do, as ever have DONE all in our
power to advance the interests promote the happi-
ness, and applaud the enterprise of every member of
the various New York and European packet lines
But STILL returning our starting point, we repeat
the perempory position that the steam ships must be
supported by every means in the power Of the
public.
We reserved from Mr.. Bennett intelligence OF a
cheering fact that Notwithstanding the vast outlay
and expense incurred in fitting out the Great Western
and the loss sustained by her voyage to New York,
that the shares of the Great Western Steam Ship
Company have advanced very rapidly. week be-
fore the arrival of the Sirius in England those shares
were at discount Of Is per cent; Immediately the
news was received in England by the Sirius, the
shares 10 per cent in one day. As soon as the
Great Western herself returned to England they rose
per cent more in day, and were at par; and the
day before the Great Western left again for New
York, they rose per cent more. and were conse-
suently at premium Of per cent! This fact speaks
volumes for the ultimate success eftbe enterprise and
proves far can be proved present. that the d.
rectors see their way clear towards realizing fer
tame.
Peter Maze one of the proprietors of the company,
has written us word that the directors have received
letter from one house in New York, Tin consequence
Of their having established trade to Brsto to send
out one hundred tons Of goods al epery trip the Great
Western makesi This is noble-ihis 10 worthy of
all praise only let other houses and other individuals
in this great and enterprzng city and country follow
glorious ON example, and the of the steam
ship navigation across the Atlantic in the matter of
profit and loss" is placed beyond doubt.
In conclusion. let us remind our New York friends
Of the tremendous emulation which exists in Great
Britain and Ireland between various companies rela-
tive to Atlantic steam navigation. Already have six
wealthy companies entered the field, and march
ins onward The st. Georges, the Dsblin Steam
Packet Company, the London and Westminster, the
British and American. the Great Western, and he
London and Edinburgh Companies. BY this time the
keels Of dozen magnificent steam ships are Lard
down, and by this time next year shall have q
steam ship gsing and oemng across the Atlantic
every week, with an average passage Of two weeks
each wayi
Tat us then be stimulated in this country to exer
her IA the same field from these examples, and dis
pu,e the palm Of excellence in this respect, we
have hitherto 90 successfully dene with regard to
glorious sailing packets.
Foanrsr -FounrH or JuLr-TAnMASr Hail.
The locofocos in solemn council conveend, have APP
,onsed Edwin Forrest as their orator for the ap
preaching anniversary Of the birth day Of liberty.
Mr. Forrest has accepted, and the lscos are making
preparations for grand turn out upon the occasion.
The only dfculty to get will be to finda room
large enough for the accommodation Of the multi
mda i, 10 ssd that Ming has eraciossly rendered 10
the great orator the use Of the Park. The young
Knickcrbockers, however, viii undoubtedly dispute
this ground with the Colonel, and will not permit