, 1858-09-17
New Line Of Steamships.

1t is currently reported, says the New
York Times, upon pretty good authority,
that the steamers Washington and Her
man were sold recently to party Of gen
tIemcn represented by Capt. Randall, for
merly the well known commander Of the
opposition line of steamers on the Pacific
side several years ago, and that they are
to be fitted out forthwith to go round to
the Pacific, to run in connection with
line of steamers on the Nicaragua route.
v The Herman, which is to be under the
command of Capt e. Cavendy, will be the
pioneer ship of the California, New York
and European Steamship Company, which
holds its charter from the Legislature Of
California, and has capital Of two millions
of dollars There is a popularity about
the stock issued by this Company which
will not only attract attention by its nov
city, but will tend to render the Company
popular with those who travel to and from
California The corporation has fifteen
years to run from 1858, and attached to
each certificate representing share Of two
hundred and fifty dollars, are fifteen cou-
pons, one for each year, running to 1872,
which will entitle the holder to a passage
in one of the Company's ships at any time
during the year which said coupon repre-
sents. In other words, one share Of stock
now purchased will entitle the buyer, or
whoever holds the coupon, to passage to
San Francisco on the steamer Herman, by
presenting the coupon for 1858 in 1859
he is entitled to another passage, and so
on. They still have another feature The
Company proposes to extend their line to
European port, and the coupons will also
entitle the holder to passage across the
Atlantic, or they will be received by the
Company in payment of freight to the
amount of fifty dollars-that being the
amount of money they represent-but al
ways good for passage, whatever the rates
are. Thus twenty per cent, at least, on
the money Invested, is secured and paid in
advance. Capt. Henry Randall, who for
merly commanded one Of the ships OF the
opposition lines between here aud San
Francisco, is the agent Of the Company in
this city.
The steamship Washington will succeed
the Herman, and be dispatched as soon as
the necessary arrangements can be per-
fected. When these two vessels get round
IL the Pacific, they will run regularly be-
tween San Francisco and San Juan del
Sur, which is the principal Pacific port Of
Nicaragua. Both steamers will stop at
that port on their way up. In short, the
Nicaragua Transit route is to be immed-
ately opened by 10. White, and within a
few weeks small steamer will leave this
city for Grsytown, intended for the lake
navigation. Immediately succeeding her
departure the route will be declared open.
ed, and vessel will be put up for passon-
gers. 1t is understood that Mr.. White
has secured the steamers belonging to s.
Mitchelps Savannah line, which is com
posed Of the Alabama, Florida and Ait-
gastG, all good ships. One Of them will
depart in time TO connect with the Herman,
which stops at San Juan del Sur on her
way up.
The long agony about the Nicaragua
route seems now to be over. One by one
the Commodores have given up the strug-
gle and dropped Of, until the quarrel was
narrowed down to a fair fight between
White and Vanderbilt, and the former, II
appears, has thus far succeeded. During
all the time the fight was progressing, the
old mail company was looking on with
about the same amount Of disiuterested
sympathy as was expressed by a certain
woman when she saw struggle going on
between her husband aud Q bear. The
only feeling the old mail company had in
the matter was that the fight would be
prolonged, so that they might continue TO
pick up the persimmons.