The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-09

Arc tho ColIaas SteanAsrs SoadS
Ny0xMArTor OBTAINED Ar THE oPFtCH OF rEhA 0A&t-
FOHxiA. NEW YoRx AND HUEOfBAN STEAMSHIP
COMPANY.
seSerai paragraphs have been recently pubIAhsd
TO the effect that tho California Steamship Cen
psny Ind purchased two OF tho ships Of tho Ooi,sU
Hac and were about 70 put them the routs ~
San Francisco We informed yesterday al the ofss
q tho Cdt1ornia company, that tho main features e
the correct that tho purchase had beea
effected and that the Atlantic and Bahc were now ths
property Of tho corporation. Tho negotiations w0
concluded the 7th inst, and the price 70 be psAd
for both -four hundred thousand dollars half Of whh
sum had been paid down in cash, and tho balance 60
cured by . lien on the vessels.
1t win be recoiectcd that the new line was inaugu-
rated by tho sailing OF the Hermann from this psst
for Fan Francisco and Fraser river with upwards Of Avo
hundred passengers, on the 23d OF August last II was
then supposed that the steamship Washington, tho COS
sort q the Hermann, would succeed her and sail some
time during the present month. But circumstances
derej otherwise and the Collins have beca
psros ased instead.
The Atlantic will leave about the 18th inst on her
passage round to gan Francisco. She will take twS
classes of class 10 by the way Of tho
sthmus Of Panama. for tho accommodation OF which tks
Atlantic will put Aspinwa and such OF the passea-
gers desire 60 by that route viii ake tho rslrssA
that vessel will DO conveyed up TO San Francisco Tbs
Other class win continue with the Atlantic her passage
around Cape Horn.
Tho Baltic, which is now In every respect az good -
new-she having been thoroughly overhauled just pre-
vous TO the closing Of operations by tho Collins
any-wll remain on this side and run in connection win
como other vessel yet TO be obtained between New York
and Greytown the intention Of the California oo
pany being to take the Nicaragua route which is now h
possession OF 10 White. will therefore be seen, accord
ing the information thus obtained that the arrange
men,s Of the now California company have been PSF
fected with the exception of tho purchase of
steamer
The company gets ts charter from California enact.
meus, and s authorized TO issue stock to the amount
of two millions of dollars There are pecuarities
about its organization which will not only
tract attention from their novelty, but wiz
tend to render the company popular with those who
travel TO and from California The corporation has lf
years from 1883 and attached each certid
cate representing share of hundred and fifty dollars
fifteen coupons, for each year, running 1879
which will entte the holder to passage in Of tho
companys ships any time during the year which said
coupon represents. In other words share OF
purchased will entte the buyer whoever holds
the coupon 10 passage to San Francisco the
ship Atlantic, by presenting the coupon for 1853; 1850
have another feature The company proposes 70 extead
their line TO European port and the coupons will also
entte the holder TO passage tho Atlantic they
viii be received by the company in payment for freight
to the amount Of fifty dollars-that being tho amount Of
money they reprcsentbut always being good for pas
sage, whatever the rates Thus twenty per cent a
least the money invested secured and paid adj
Captain Henry Randall, who formerly commanded
Of the ships Of the opposition lines between here and
San Francisco the agent Of the company this city
II the information thus given be correct, and
reason 70 doubt that not already settled negotiations
SO far advanced to leave hardly chance Of their being
broken of, have established opposition limo oC
steamers between here and San Francisco compete with
tho old mail line, whether successfully mus
determine Tho Atlantic and the Hermann will thus run
regularly twice month between San Juan and San Fran
CISCO and the Baltic and other vcsse, will ply b.
tween New York and Greytown.
In addition TO the foregoing, obtained the following
from authentic source and II may therefore be re
garded as reliable
The negotiations regarding the Collins steamers Atss-
tic and Baltic have been carried with but party who
designs upon completing the place them il tho
line Of the California, New York and European steamship
Company.
Au oontrarc to all this however, our reporter
Informed al Mr.. Collins Once that tina, gentle
was at present in tho country was referred 70
the Office Of Brown Brothers h Co. On inquing there
however, no WAS told that Mr.. Brown had nothing
whatever 70 with the steamers, and that they
were IN the possession Of Mr. Potter, . lawyer
whose rooms noxt door As the conversation which
took place between this gentleman our reporter has
soue interest for the public and especially for those who
desire 10 be informed In regard 10 the particulars wn
give II As II took place
Rro~rxs-Mr Potter, desire 10 obtain whatever IN.
formation you can give mo for publication tho HERALD
in "A IN shur or A.
Baltic
M PonR--f have no sold Tho steamers and they arc
stili In my possession
RUoxn-statcments have been made 70 thu -
that they were sold, and that they would BE- empPa
on q California Inc
Mr. PorU-wcll, SIR oil can say Is that they have
not been sod and you can say thai they viii be- unta
have received the amount which I ask Tor them.
- ended tho Conversation; but II appears ths. IL
ihowsh The steamers are no, actually purchased nothing
remains 10 conclude the sale but the payment Of the price
demanded FOR the vessels, which, by tho way Is matL~
Of some interest," where The amount little over hall
million Of dollars.
An AxSricsS HrpsAruc LOCOMOTIVE ros ArsruA-rho
Novelty Iron Works have just shipped for the now arsenal
at Poa, in Austria, hydraulic locomotive for nava
balance dry dock.
OF these ingenious machines, the invention OF Mr. 10
ratio Allen, four already in successful operation IN
this country at the Navy Yards at Pensacola Kttcry mi.
ladelphia and san Francisco.
Tie object Of the hydraulic locomotive Is 10 transfer
vessels from the balance dock the ways shore and
by reyerson Of the motion 70 return them again 70 The
balance dock--an operation which occupies but few
hours
Any number a. vessels requiring considerable repairs
may, by these means, be placed the stocks and dry
dock which, by itself, Is comparatively Of limited usc,