Evening star. [volume] (Washington, D.C.) 1854-1972, 1866-11-17

ch,s evening Ia his great impeTsonation OF
''fssiD." in 'sOliyeE Twist"
Onp FELLOWS HAcL.-Grand entertainment
BY tie Amateur Ethiopian Minstreis'' for
benefit 81 -. D. mintcs new Church. Island.
LIST NIGHT of The fair OF Rebekah Degree
Associations, No. ]. a. Odd Fellows Hall. Navy
Yard
LAJ,gs' FAIR stiil in progress at st. Marv,s
f'aIish School, 5th street, between q and RI.
cor benefit OF the school
IHH PBoFosEp NEw YORK LINE or STEAM
-alF-EiSct'OH ~ DtrecfOrs.--Last evening an
sdjourued meeting Of the subscribers 10 the
sock OF tbe proposed steamship line between
New York aud the District cities. was held At
the rooms o. the Board OF Trade: Mr.. VIM.
Orme IN the chair, and Mr.. A r Shepherd
-dcung "a secretary. 10y =. :
Dir. j. W. Thompson. from the COMMITTEES tn
sOhet subscriptions, reported that they had
met with some success. :
Mr.. Orme remarked that 1t did not seem to
him that tne stock was taken very readily
Judging from the report OF the committee. He
Jnougnt u source of grievance that the people
had 80 be begged to take stock On asking
some of the Georgetown merchants WHY they
did Eot subscribe, he was informed that they
hah heretofore taken stock IN lines and lost
money. They said that there was no money
IN the project. When old business men held
back, ne was dubious as TO the line paving
M. Ormt referred to letter published by Mr..
IhOBSs Clyde, In which he announced his
determination 10 start an outside line. He de-
sired an ontside line, but did not desire il to
run IN opposition 10 Mr.. Clyde. He doubted
whether me line " oult pay, and was opposed
90 starting one while the Georgetown mer-
chants opposed it,
Mr. W. Thompson remarked that Mr..
Orme was timid In the matter, and asked why
he MIR. q had not subscribed larger amount
Merchants, whether subscribers or not pro-
posed 10 patToniZe The line, As for George
towu, her people would never subscribe TO an
enterprise Of This kind. He lad no fears for
Mr.. CIV de's proposed line, for the merchants
he knew, would patronize a line owned mere
Inc iaet mat Mr.. Clyde had declared his iu-
tention 10 start a lire was an argument in IA =
NoT Of pushing forward this movement Mr.
q sees mat there Is money TO be MADE. and he
wants TO Drive Us OFF. He asked if the mer-
rhants OF washington were going to be fright
sned by Mr.. Clyde's letter. The opposition is
because a Is new project. He felt mis- invest
ment was a perfectly safe one. and he had no
feaTs that with population of nearly 2oO,WO
we eonid not tiud freight enough TO make the
line paying one.
Mr. OrIne remarked that he was not often
deceived, and be was satisfied that his Vie VS.
IN this case were correct. He had known of
steam and packet lines which broke every man
who invested IN them. and he believed that ~
would be long time before any return could
De made from an In vestment in this enter Prise
Washington was not q shipping port, and in
seaport cities the merchants were not the ship
owners; there was too much risk in them.
MI J. X. Elvans said that the objections
nom such business man Mr.. Orme were
calculated 10 make younger men hesitate. IL
Vas true that Washington was not a shipping
FORT, bur we here receiv we'd freight In his ou ST.
ntss his freight bills amounted to s3OOO per
annum At the present rate OF 90 cents per hum
dred pounds, and IL a new line was started,
with fIelghts At 10 cent, in his business he
would cave thousand dollars per year Fnis
would paw him without any Ill yidend from the
Stock He argued that At would be a safe in
yestment for the merchants If the stock did not
pay one cent because of the red ction in Ireg BIT
balls. Home pride should compel us now TO
establish thIs line. With a population of
2iC,OS0 If We cannot start this line without the
assistance NTeOrRet0Wn
rOihIng- II there IL money In a line for M r.
clyde there rs money IN line which will be
paTroniZeu by the merchants. He argued that
the line should be put through, and referred
10 the aunts OF the papers OF other cities that
we cannot put this line through. He regarded
ihis as the turning point of the ability Of our
cItlzens TO organize enterprises Tor their own
benefit.
Mr.. Thos. z. Morgan asked leave 20 correct
Nj. Orme, and said that Georgetown never
owned q dollar OF the stock in any of the
steamship lines plying between the District
cities ana New York. The first line-the nj on
.neello and Mount Nernon-wss represented
Al this end OF the line by FowIe & Co of Al
rxandria, and three parties in New York held
the balance of the stock. So with the her
hines. Net dollar OF stock was ever owned in
Georgetown or Washington. He then referred
70 steamship enterprises in other places. To
show that Washington was far in the back
sionn1. Clyde has a hne OF nine steamers
mlngt0n. Richmond. with a population OF
5000, has four lines; Wilmington, with II 600.
three. NeWbern, with 500. two; Charleston,
with 10000. four, as also Savannah: Apalachi.
cola, two: Mobile, fve; and New Orleans has a
legion OF steamers, no less than 10 or IS being
advertised 10 leave New York for New Or
leans now; Baltimore runs three lines: Boston
six or eight 10 New York, two to Charleston
and so with the other cities. Philadelphia at
one time was in the same condition as Wash
Ihgton, but her merchants saw that by startin .
lines OF steamers to Southern ports thar thai
trade would be benefited even if the stock paid
no dividend, started company with a capital
OF $1,000, and they are now reaping the benefi
OF ~ After referring 70 other similar enter
prises, Mr.. M stated that when mills now
IN process OF erection were completed, q Gorge
town would turn out ,6OG barrels Of -four Der
day, while Alexandra would turn ont s o oar.
rels per day, 70 say nothing OF the resources OF
the country all around US; and vet they stood
mere 10 discuss the question Of raising s15J,OUt
Mr.. J. Il. Bryan said he subscribed. not Ak.
pecting TO receive dividends, but because hs
thought it would pay in the reduction OF
the present line had of doing business
MI Houghton remarked that no two bills OF
the present line Were alike, and IL seemed that
tney had no regular tariff of charges.
Mr.. Orme asked how il was that Mr. Nor
gan's steamers were laid up at Philadelphia,
and said thar II was I'm necessary expenditure
which broke companies, causing stock holders
10 lose their money, intimat,ng also that re.
Gently company broke who had a fine Off ee
o. an expensive rent on the avenue.
Mr.. Morgan said that Mr.. Orme should be
ms facts He did not own a timber head In the
steamers referred TO, and IL the company chose
. rent Offices at large prices 1t was not The
business of the agents
Mr.. Orme remarked that having been mi IN
formed, ne would Withdraw all offensive re.
marks; be had the greatest confidence in MI
Morgan
Mr.. j. W. Thompson offered the following
resolution: which was adopted:
heo0lred, That we, The su bscrioers to the can
ltal stock of the New York, Alexandra GEORGE
town and Washington Steamship Company.
do hereby agree 10 the surrender OF the present
Charter. TO the modification IN the name of sue b
proposed company, and IN the procurement OF
new charter IN conformity with the general
laws OF the State OF New York, with the names
OF nye persons rs ircorporators, to be des,g-
mated by this meeting, who shall at once pro-
cure such charer- and we do hereby rene "
ana continue our subscriptions heretofore made
10 the capital stock OF such company
Mr.. Orme SAID he would withdraw mis- SUBJ
scription with the leave of the meeting
Mr.. Thompson--I Will take It; 81 there is
nethirg lost.
A resolution was adopted % proceed TO the
election OF i've directors, and the folio wing
gentlemen having received a majority of the
votes cast, were declared duly elected, viz =
Messrs. II @. Fahnestock, of New YORK ITO
Isprssent the District there, SamI Bacon, j
Thompson, Thomas Parker and Alexander