New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-16

This lart contribution grows out Of The general
features OF the INCREMENT. among which there u q
proyision for thriceDonthly line OF steamers and the
guaranty Of ample facilities for the transportation Of
freight at rates which must command large shipment
The steady increase of the freighting business, and
the stimulus given TO travel by the discovery OF new
mines IN California justify our thus affordng increased
facilities for 10TH and feel confidence that the
future organization of the line throughout will meet,
as TO speed and general efficiency all reasonable public
requirements. On the other hand, by adopting u
division Of earnings AS favorable TO this Company as
that arranged with the North Atlantic Steamship Com,
Iany, the business becomes mutually beneficial, ana
gains the best element of permanently.
BY this new distribution Of the tunnage for some
time ras on the route the ends aimed nj by Ms IN the
establishment of the North Atlantic Steamship Com
psny have been attsined and, at the same time, the
a-mIorant object OF discontnuance OF the compet-
ton, under which our receipts barely cquaed our
expenses. even with the well-baanced economy which
has been established during such competition.
The identity OF interest essential to entire harmony
between the connecting lines Is strengthened by the
agreement Of the Atlantic and Pacific Steamship Com
psny and Mr.. Vanderbilt, 10 receive IA permanent
investment 600 shares of our stock, toward payment
OF property transferred to this Company.
The departures from New-York have been thrice
monthly since March, but irregular. The hrice-monthy
Line will be formally and permanently organized in
July, 1860, and the steamers leave New and San
Francisco the lst 1lth, and Dist Of each month.
sTATEMRST PACIFIC STEAMSHIP COMPANY
MAY ! 1890:
Cash in Bank OF America. .......... 1876 0t
Gosh in New-f ok Lie and Trust Go 2O9,34 90
Cab Ia United States Treas'y Notes GDo,800 ~
Cash IN State and CITY Securities -. BQ480 IL
Cash in United States Government 153l54 90 90 90 %
Coat OF Coal at Depots in tho Pa
cine and In tTangin.. d1l.51b W
Outfits and supplies st Panama.. 1882 y,
Some at San francisco 7l,la1 30
Stock In the North Atlantic s. :. Co....... 100000 %
5000 Shares Company's Stock held In escrow on
account Of four steamships, title. TO which to
he conveyed by the Atlantic and Pacific Steam - .
ship Company. SVVVV W
j. Steamships, old valuation. Al 10
Deduct for depreciaiion, ,....,...... 29O8g9 20
New valuation 68O5T2 O0-Sl Gao SD %
Store stips iron srsws 6c..............., 561T %
Machinery tools, &c. at Benecia. ........... $1,000 w
Real estate at Panama. ....,......... fll,RO %
Real estate at Islands In Bay of Pam
o..
Real tate al San Diego........... 1850 90
Real estate In San Francisco....... 70,5o9 %
Real estate al Benecia. ............. 290,9O0 90
Real estate at St Ileen's Oregon. 1880 CO. 4432I 81
Cash In the hands of Agents In the
Pacific. 1884, 10
way............. 1000 90
Cash Ia the hands OF pursers.... b. l34 81 l4Sl3I "
North Atlantic Steamship Company ItOsI w
xpired Of ............ 1900 90
Personal, Observation-Disclosures. 495 "a
Total. VI
LiGbiites -. -
Capital Stock... t4V1voD w
Suipus siiioo Oh