The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-08-04
NEW STEAMSHIP LINE TO CALIFORNIA AND
THE FRAZER RIVER MINES
PROPOSED IMMEDIATE OPENING OF THE NICARAGUA
TRANSIT ROUTE BY THE 10. WHITE PARTY

PROPOSED IMMEDIATE OPENING OF THE NICARAGUA
TRANSIT ROUTE BY THE 10. WHITE PARTY
From the New York Herald
On the 2lst of the present month the steamship
Hermann, formerly belonging to the United States
mail line between this port, Southampton and
Bremen, will be dispatched for San Francisco and
the Frazer river district, she being now advertised
to take passengers those places at very moderate
prices.
The Hermann, which is to be under the command
of Capt Edward Cavendy, will be the pioneer shin
of the California, New York and European Steam
ship Company, which holds its charter from the
Legislature of California, and has capital of two
millions of dollars. THERE'S peculiarly about the
stock issued by this company which will not only
attract attention by its novelty, but will tend to
render the company popular with those who travel
to ana from California The corporation has fifteen
years to run from 1885, and attached to each certif
cate representing share of two hundred and fifty
dollars are fifteen coupons one for each year. run
ming to 1872 which will entitle the holder to pas
sage in one of the companys ships at any time dur
ing the year which said coupon represents
In other words, one share of stock now purchased
will entite the buyer, whoever holds the coupon
to passage to San Francisco on the steamship
Hermann by presenting the coupon for 1858; in
1859 he is entitled to another passage and so on
They still have another feature. The company pro
poses to extend their line to a European port and
the coupons will also entte the holder to passage
across the Atlantic, or they will be received BY
the company in payment for freight to the amount
of fifty dollars-that being the amount of money
they represent-but always being good for pas
sage, whatever the rates are. Thus twenty per
cent at least on the money invested is secured and
PAID In advance. Captain Henry Randall, who for
merly commanded one of the ships of the opposition
lines between here and San Francisco is the agent
OF the company in this city.
The steamship Washington will succeed the Her.
mann, and be dispatched as soon as the necessary
arrangements can be perfected When these two
vessels get round in the Pacific, they will run regu-
lariy between 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 tobe
Immediately opened by Jo White, and within few
weeks small steamer will leave this city for Grey
town, intended for the lake navigation. Immedi-
atey succeeding her departure the route will be de-
cared opened and vessel will be put up for pas
sengers. 1t is understood that Mr.. White has Sc
cured the steamers belonging to Samuel L. Mitch
ills Savannah line, which is composed of the AL
ALBANIA, Florida and Augusta, all good ships
One of them will depart in time to connect
with the Hermann, which stops at San Juan del
Sur on her way up. The small steamers on Lake
Nicaragua, which were once the property of the
old Transit Company, are now of very little use
The Clayton is sunk below the Castillo rapids, and
is total loss. The Morgan is in working condition,
and is in the possession of Martinez, who is using
her as transport between the Upper Castillo rap
ids and San Carlos. The La Virgin is in good run
ming order on the Lake, and makes occasional trips
between San Carlos and Virgin Bay. The San Car
los, which is the most valuable boat on the lake is
ashore near La Virgin, and if she remains long in
this condition will be entire loss 1t is said she
can be got atoat for $4,000.
The long agony about the Nicaragua route seems
now to be about over. One by one the Commo-
dores have given up the struggle and dropped off,
until the quarrel was narrowed down to fair fight
between White and Vanderbilt, and the former, it
appears, has thus far succeeded. During all the
time the fight was progressing the old mail com
panv was looking with about the same amount
of disinterested sympathy as was expressed by
certain woman when she saw struggle going on
between her husband and 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.