The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-08-08
From ths New York Daily Sews.
SOUTHERN STEAMER 10 EUROPE.

IRON lir new AdA b-A@f
SOUTHERN STEAMER TO EUROPE
sben capitalists are moving for the construction Of
lsplid steame4 Of 600 tons burden to monthly
F,, baltimore and Norfolk 10 England and il is said
.t 9Th part a the amount required has been pledged
h. soutern gentlemen doing business In this city is
DO estimated that the passenger and express freight
,nsness Of Baltimore Washington Richmond, and Nor
AM viii be sufficient to support the steamer and insure
ruty per cent TO the Stockholders II this is correct,
M merchants and real estate owners Of those cities viii
have a double indncement 10 forward with the
necessary funds put the enterprise sound working
basis,
These projects may be carried out because IL is both
rsrticable and paying and not mere grandiloquent
dream and the South is abnndanty able to build steam
o. ited to It's requirements and has commercial routes
uy competent 10 sustain it, There should be no din
Guilty in forming the proposed company with capital
ak Of 500 900, divided into 400 shares OF $500,
each share 60 bear attached six passage coupons These
coupons ente the hoderto free saloon passage every
wear for six years which, at the moderate estimate OF sloe,
secures the shareholder 20 per cent on his Investment
independent Of the dividend arising from the general
earnings Of the steamer.
This novel feature Of insurng the stockholders the first
and share in the profits Of the steamer oommends
the plan and confidence and two hundred shares
ARE engaged by men of southern connexion in this city
According the proposals and estimates this magnificent
urwheeied steamer Is combine all the latest improve
msnts and VIII be superior the Persia and Vanderbilt
in size and accommodations and the contractors gnaran-
y to run her 400 miles day with less thar the average
Of fuel required by those noble ocean steamers
Politics should have no share in this noble enterprise,
but the headers 81 this movement declare that they
aetuaied by two motives;
First !" To enaacipate the trade and travel Of the
South from its paralyzing dependence northern mo-
nopolists.''
second. z. To promote direct immigration OF manu-
featuring industry and capital into the ample and inviting
cotton growing regions Of the South.
We wish success the project Of direct =eam conmu-
nicaon between Europe and southern ports for we
sincerely believe the prosperity of each and every section
Of the country win advance the prosperity Of the nation
As whole and that just equilibrium of sectional inter
ets is the best guarantee for the harmony and perma
nence of the Union.
There Is no why the Empire City, the great mo-
dating centre Of and production, should object
to the South inviting direct manufacturing and mining
immigration into her vast fields Of natural wealth
Al present the South manifests decided disposition
mt and IL viii discard the whole circle Of transient i'm
practicable and unpaying schemes however aluring they
NAV be in their magnificent proportions adopt
Der programme, il Will require but mod
crate xerton of business energy and persistence to
permanent system Of steam communication with En-
rope.
There doubt the South possesses within itself the
means to create and support steamer of the first class
from ports 50 ayorby placed by nature Baltimore and
Norfolk if they win concentrate upon it with any degree
Of nsinessike dircctness but of its writers
has observed southern enterprise to labor under
chronic infrInity Of purpose "
Noble projects formed and are for time sustained
with talent and berality but when the strain Of labor
comes the projectors weary of doing and at the
crisis final effort the capitalists the press and the people
are of in chase Of some idea and the matter either
drops suddenly into the gulf Of oblivion il quietly
taken up and perfected by working bee Of this hiye
Of northern nonopolists for his peculiar advantage.