The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-06-24

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The Philadelphia EUening Journal, of the 22nd.
contains the "Manifesto of the Philadelphia and
Crescent Navigation Company" which is in fact a
declaration of war against New York in the shape
of prospectus setting forth the advantages
of direct steam ship line between the Quaker
City and some favored port in the Old World The
manifesto is illustrated by skeleton drawing of a
steamer new model, which, we believe, is
called Randals plan and also of the same vessel
at sea, with steam up, four paddle wheels
(two on a side,) making countless revolutions per
minute, and going along at speed Glow down in
the fortes." 1t is not intended to occupy more
than the bagatelle of seven days from wharf to
wharf, in the voyage, and to effect this
will require great speed, the new vessel is
to have comparatively but little bottom,
and will draw but fourteen feet of water
with the coal, specie and captains trunk aboard.
Her capacity will be seven or eight thousand tons
cost, five hundred thousand dollars-style neat but
not gaudy The ship is to be divided into seven
water-tight compar tments by five bulk heads (how,
some blockhead should expain) and is guaranteed
not to sink under any circumstances Running on
four wheels is claimed to be as great an improve
ment on two as Dunlop wagon over
! Piney woods gig. If the steamer -four hundred
thus be provided with locomotive powers and make
good time. The projectors are by no means san
guine, but they calculate that in consequence of
their superior inducements they will have their pick
OF passengers and mails As soon as the nett
profits on the European. experiment will JUS
tity, they intend to start line to California
and the rest of the world The profits are quoted at
upwards of fifty per cent, wherein wonder that
the Obliging gentlemen of Philadelphia Who
have taken all the trouble about street RAILWAYS
off our hands, should have encountered the
wrath of Mr. Swami and The American, about such
one-horse speculation, when they might have had
such good thing at home The Steamer Compa-
ny, however, frank than their fellow-citi-
zens here They do not hesitate, in opening their
books, to say how much money they want and what
number of shares on hand. One thousand shares
at five hundred dollars each is the figure Each
share of stock is to have fifteen coupons attached of
one hundred dollars each, redeemable in freight or
passage. Two shares will entitle any holder to a
round trip in the first cabin once year. One ditto
a ditto, ditto in the second ditto ditto ditto Dead
heads not allowed; passengers who prefer to keep
their coupons and pay cash, accommodated Say
the Company.
Can any person, matter how sceptical, doubt our
being able to control estimated
especially when they consider that the ultimate destiny
OF nearly all this enormous amount of travel lies
south and south of Great Central Road and
that, in addition to all this afford better accomo
cations, greater security against accident saving
of time, and at a much lower rate of passage9'
We order our composition to append large note
of Interrogation (?) to this to give it questona-
BILE shape" and we then say certainly not Our
response is emphaticay, Individually negative -
Several experienced New York captains, and some
native practical engineers, (''high engineering au-
thority,") approve of the thing, and as an act OF
humanity towards those who may suffer in the
wreck of matter and the crush of ribs likely to oc
cur on the 25th, Tomorrow in consequence of the
rush that will take place in the anxiety on the part
of our capitalists to write their names in the book
of Travers & Co., we inform them that they NAV
subscribe in person or by attorney to the capital
stock of the 'Phadelphia and Crescent Navigation
Company" the books of which were opened yester-
day somewhere in Philadelphia.