The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-22
$50. O6l ,o5s Sl3,36O,l2
-. 1865 " l33

Decrease this year 1865 72lss
The continued operating very dsAsrously for
the coal trade and until have settled dry weather
hope that the deficiency In tho supplies this
viii be overcome.
fresh enterprise has lately been offered to the people
OF California In the shape OF a steamship company,
which just formed under the general law Of tina,
State in San Francisco This company, with capital Of
one million Of dollars, proposes to carry passengers be
tween New York san Francisco any
which ha offer the best facilities for their conveyance,
for uniform of fare Of $3.50 for rs Glass; and $50
for second class passengers They intend to build ships OF
mammoth SIZE with double sets Of side wheels the ut
y Of which has been demonstrated. These ships
Of sufficient capacity to accommodate three thousand pas
sengers and intended that they shall possess the
CURED speed the accomplishment, OF the passage
between thetwo cities in less than eighteen days
There novel feature connected with the enterprise,
which seems to prove very attractive The shares
Of stock are two hundred aud hny dollars, and at
iached To each share Is a coupon, which entities
the holder In each year 10 q second class
passage from or TO San Francisco, three Bharos
TO drst class passage. Tho benefit Of these
coupons apply strictly TO the holder OF the stock bat
may be transferred at pleasure and by this twenty
per cent on the investment Is all times in the han Is OF
the stakeholder.
The ships are be constructed entirely plan
OF naval architecture, which has been pronounced by
scientific r superior to all former designs and for
which application has been made 1t Washington TO secure
proper protection the inventor Tho main features Of
the method strength, durability and additional
safeguards against accident
The company have object In the establishment OF a
new pe aside from the profit which, Is commended,
will follow the enterprise. They desire to renew the In
cenve 70 emigration which has lately been on the de-
cline hope succeed by the adoption Of cheap and
uniform of fare, connection with comfort and speed
How far the enterprise will be sned with success VIII
depend in great measure the carrying out OF the
companys designs Ia the construction OF the steamers
If the passage be made In eighteen or not TO exceed
twenty days Of they viii secure the bulk OF The
carrying business.
The company have a Board Of Directors consisting OF
some OF the first OF California who have chosen as
officers, Capt Martin r. Roberts, formerly Of this city,
President; NJ o. Arlington, Of the firm OF Arlington Co..
In san Francisco vice President and James Ludlow, Sec
Rotary We copy the following extract from the prospec
,us Of the company
steadily increasing immigration s only guaranty
Of future greatr a state. What we want above all
other things safe and speedy means Of transportation
10 our shos e. at which, while being hxed aud
uniform shall yet be within the means OF all 10 accom-
psh this, line Of steamships must be established oy our
people, secon led by own capital, and combinng
with fair return for money invested the nobier ooJec OF
contributing TO the growth, wealth and lasting prosperity
states 90 West purchase and settle upon farm, for
the passage money necessary 10 and hlmsor and
family upon shores, while the thousands OF farmers
and mechanics Europe who would gladly fix their homes
among find impossible from their scanty ga ms 10
the necessary 10 convey them miner Leu us
once have a line OF steamships established which snsu
place the rates Of passage wi hin the reach OF Ill INDUS
irous and energetic men, and immediate and perms
pent tide Of immigration will set In TO our shores not only
from old homes In the Fast but from every part
OF globe where industry energy and talent seek more
enlarged scope for the exercise OF their abilities more
certain reward for their exerons Then viii our valleys
and hill sides be ooed with the cheerful homes On happy
busbandmen then will mines yield forth 70 sturdy
arms their Of untold wealth then VIII far cities
spring up every side, and on the once far on Pa;nc
slope will rise nation unedused in the annals OF ihe
world FOR wealth, power spendor. In order 70 accom-
pish this Ia proposed establish Peoples line, and TO
construct steamships larger stronger and better in every
respec, than any steamers now anoa aud o speed
sufficient to make the passage San Francisco and
/ New York in fifteen days.