New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-12-14
CARD TO THE PUBLIC.

So Tnany rnnsors have been circulated damaging 70
The interests Of the Central American Transit Com
pany. and the North American Steamship Company,
both Of which represent That feel obliged TO IT,
quest attention 10 the following:
Some two years since was induced. at the earnest
and persistent solicitation Of many of the stOckhOd-
ers Of the Central American Transit Company TO ac-
cent the Office Of President Of the Company and upon
assuming - found unexpectedly, that the property
Of the Company had been wasted, its funds squan-
dors its debts large and overdue and its means and
credit almost gone 1t owned two unfinished steam
slips III this port and two heavily mortgaged which
were then ruuHinQ on the Pacific.
The stockholders Of the Company were urgently
requested 10 cooperate with me TO raise the neecs
sary means TO extricate the Company from debt, and
provide fol the completion of their ships. and
run them to their transit route, but my e.
forts were not seconded by ilany Of the stock
holders, and as il was impossible to lind new
stockholders who vould invest in the stock OF the
Transit Company il became necessary for that Com
Pany 10 sell It's steamship property TO those who had
tie means to complete it, and would also CnGeavOr
10 make le'ships available FOR the benefit Of the
Company.
The North American Steamship Company was
formed 20 run their ships in the trade to California
and 10 the stock of this Company the stockholders
of the Central American Transit Company were
urged to become subscribers.
The Central American Transit Company If occupied
In the business of transportation across Nicaragua,
which route has been much improved and it is also
engaged in reopening the harbOr Of San Juan del
NoTte tGreytown) to the commerce Of the world,
which il has undertaken 10 do for certain important
considerations from the Government Of Nicaragua,
and it is actively working thereat with good prospect
Of success.
Tie North American Steamship Company, since its
formation, has been successfully running line Of
steamers via the Nicaragua Transit route, with de
partures every twenty days, carrying large number
of the passengers travelling between New-YOTk and
San Francisco and freight tnever before attempted
over this route with satisfaction 70 the shippers and
the Company.
This experience, together with the knowledge Of
the fact that an immense trade, paying enormous
profits, was being done at the same time, via the
Isthmus OF Panama, induced the same North Amer-
san Steamship Company TO extend 10 the public In
creased facilities for business by establishing also
another line via Panama, between the ports OF New
York and San Francisco, and in pursuance thereof
The Company have recently placed upon this route
three steamers on the Pacific Ocean, fourth on the
Atlantic three of which are entirely new, and fitted
expressly for the trade, and fifth nearly completed,
will soon be placed on the Atlantic Ocean. The Com
pany have also secured the wel-known and favorite
steamers Arago and Fulton, both Of which, after un-
dergoing slight notifications in their internal ar
Engagements TO increase their ventilation and adapt
them specially for the trade, will be puton the line
on the Atlantic side when another new ship viii be
dispatched to the Pacific constituting in all fleet of
ten ships-fve on each Ocean-enabling the Company
20 afford shippers Of freight and travellers all the
accommodations desired, and of first class at lower
rates than heretofore charged by other parties.
AndnOw may say il is hoped and expected that this
statement of these facts, together with knowledge
Of the trade requirements the undersigned hav
ing been largely interested and intimately connected
with the California business from its Orign) will
satisfy the public that the North American Steamship
Company have the requisite knowledge and facilities
tor maintaining regular and permanent lines Of
steamers between this port and San Francisco and /
them that il is not only the intention and firm
determination Of this Company but that it possesses
the ability and the means TO carry out what it has
undertaken, depending only upon the good will and
patronage of the public, fair share Of which is
Eeited, and which this Company will do its utmost
b merit. WIN IT, WEBB,
President North American Steamship Co..
and President Central American Steamship Co.
GeS-YOrk, Dec 10, 1867.
FAMILY MARKETS
OR LIVING EXPENSES IN HFW-YORR.