The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-17
Tn. sixteenth article Of tho propositions Of this


company, readb ~ follows:-
Tbe present contract, ~ il shall have been
approved By the general Congress, will bind the
members Of tho association only to tho extent Of the
stock held BY each, or of the amount which each
one may represent in the company, and will only
oblige them respectively to the accomplishment OF
the stipsatons therein made, under paa Of the fine
imposed BY the fourteenth basis, already oited (the
loss Of the seeurty but always in proportion to the
This point, then, is we'll settled there ID ne solidA
rity or ipseparable unisn of interest between the
Stockholders; there Is no unlimited engagement;
there is on tho contrary crcumscribed obligation.
and one, TOO, very narrowly circumsoribed for tho
greatest stockbolder among the rich minors Of Gus.
nauata IL emily interested in the affair to the extent
of ten thousand dollars. The formidable association
Of capital then is but myth as for the patriotism,
We shall now box into that.
Let us take the heaviest stockhoder, all hslding
to the amount above mentioned, viz ten thousand
dollars. The securi,y deposited is two hundred
thousand dollars ($2Q0 600 tho sum necessary to
the completion of the work is calculated at twelve
millions of dollars, Sl2 600 000; if then the security
deposited be lost stakeholder will support, in tue
fine, ut two hundred Thousand dollars, . portion
equivalent TO the proportion existing between ten
thousand dollars aud twelve millions Result, one
hundred and sixty. six dollars and sixty-sx cents.
This then, is the rate of his patriotism Its some
times well to look to the bottom OF these matters
The Ualpersct has raised . question which we
touched upon ourselves seme time ago. The govern
receiving the preference, the additional condition
that such pay will support all pscuaiafy RESPONSE
bijty resulting from the claims of the New Orleans
company. by. reason of the adjudication This
would indeed BE- capital measure, but one which
would NEST probably deal . death blow to the pre-
tensions of the Guanajusta and Garcia companies,
and put them entirely hors du combat The Siglo
pretends. that to impose such condition would be
virtually to recognise tho c aims Of che New Orleans
company. This opinion cannot be doomed serious,
and does not deserve the honor of discussion
In reality, this steeple chase between the different
companies is very amusing, and reminds us of an
anecdote with which we shall close this article.
Somewhere In ono of the Western States Of
nized, on the Mississippi, line OF steaab bats,
plying between two very important towns on
the river; competition brought = reduction
OF fare the ats of both lines Left and returned 1T
the same hour. Then the contest began rs to which
boat would run for a lower faro. One Of the compa-
mics, wesried out and losing all patience, had the
same idea as Mr.. Belange. and caused huge sign
to be painted, on which were painted the words,
Here the prices viii always believer, and the trips
will always DO shorter, than by the other line . TIE
rival limo did not however, abandon the field, and
in its turn hosted sign giving the passage gratis
lower price than gra ia appeared some What diff
cult, hut the spirit of competition has an active
imagination. new sign fro the first company
then informed tho public that not only the passage
would be free board its boats, but besides this,
all the paEengers could at all times be helped to
beer, which would be thrown in besides This
measure was too bold not to decide tho vic.
tory the beer carried the day, and brought the
incenstsnt crowd with it. The boat and beer drink.
srs gratis started. The competition Of speed was
addtd to that Of cheapness Proud Of its success.
the victorious boat steamed its way 50 warmly and
so speedily, that tho boiler gave way and the pas
sengers after ALL paid much dearer for their passage
and their beer, than passage and beer were worth
A word to the wise Chat is to the government and
Congress) is sufficient