New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-11-13
RANKING AND FINANCIAL.

To he Shareholders Of The Pacific Nal Steamship Company
Messrs McLane, Skiddy, DennistOun, Brown,
Grnnen and Thorne have published card which seems
to call for a reply.
Differing as we do, with these gentlemen, as TO the
management Of the Pacific Mail Steamship Company, We
have toward them unknd feelings, and our desire Tor
thorough reform arises solely from our belief that such
reform would be for the best interest Of all the stock
holders.
II our Impeachment OF their management be damaging
60 them as they admit, why do they not dsprove il
s ED 81 he psets heseses dS not one Of mem has
yet UelttsTcd 10 deny single one 81 these charges
Encouragement that has for years characterized the
present monopoly. How unwise and improyident that
S SaGdant i Sg soWs the pSSe Mail directors really
believe their own statement that their management nae
such It would be approved by them, 1oy hare hey
Its eontrOf In this pertinent query We nave OF course
reference TO the 'TeyOeaDle proxies given TO Brown
upon other shares in which net6er they nor any
directors particle OF interest Aud why have they
Withholding the stock ledger and only producing 1t IN
obedience 10 a mandamus from the Supreme Court
interested as stockholders Of the Pacific Company The
official record shows that the swelling sum OF their
apolOgsts Of the present direction have alluded TO
the Atlantic Mai Steamship Company ana its maRags-
compare not unfavoraby with that OF these IN
Mail Company about q 600 shares OF Pacific Mall
stock that have been and are now the largest per
stockholders Of Pacific Mall and that as trustees
Of the Atlantic Mail Company have felt 1t duty to
take all proper measures 70 bring about wise and
provident management OF property In which have
90 great stake In this purpose We glad 10 that
have the hearty support Of the large body Of the
They state that two the ships of the Atlantic Com
paDy heavily motgaged but in this assertion they
knowingly suppress the fact that these two ships were
bought by the Atlantic Company, subject 10 mortgage,
the greater part Of which has been paid while the bal
Atlantic Mail Steamship Company is not and
never has been respOnsbe 10 Is To be paid at maturity
guaranteed by ample securities deposited by them
ier that purpose with the Trust Company. In re-
may. not iinmodesty. state that IN our hands the
sptsia gTatfybr result Which Is in large measure due
- polgy IA marked contrast with that which has made
faclhe Mail by-wOrd and reprOach Aud with respect
% the Ne~York Mali steamship Company have the
s.s,elon % being abe to aihrln that during tue bil1
plOd III which We nave had us control It's condition has
pS ne mat ITS debts have been CONSIDERABLY re-
49, ~ hsu les shll been enploy ed ID trade a. pioh
debtedness would have been entirely wiped out White
.s position Wyad perhaps have been better than that VI
~ is mtimated in the card Of Messrs McLane Brown
q 70 lnet parties interested IN the Atlantic Mail Steam
Pacific COMPANY and to nave the business upon the At
.asc sue uanslerred to the former Company" This IL
such purpose. The Atlantic Mail CorSpanv wit, n car
ita OF 80 600 shares owns about y IVY ,, at Pa
zinc Mail received by II for ITS ships on The Gtie side
Under wise ane proydtut administrator we would be
and in this we believe NC sp,.fk fer 1Hn n h"d,,
of the Atlantic Mail stockholders ne &c..
that persons interested are IN the psctac Nal
Steamship Company, should seek league IL orosl
with other companies could have Originated ONLY with
those who have most disastrously leigued n In thc
Novelty Works and Wells, Fargo q Co. Ne can - vel
understand" how private banking house ownlng an
sron establishment, should seek 10 retain In perr,na
monopoly the contracts Of great steamship
thing much readily understood than the wild n,
position which fires the faucy of these models of t
purity. 'iiOiai
We DO moi desire % have the OF the Pacific
MAIL company committed 10 our charge; bun do i,ss
not 10 policy shall be reformed that its adiniustrafon
anal De changed aud that II shall be placed the hands
81 t1ose who will conduct its affairs faithfully aud wisely
o he common good OF the whole body or stockholders
nnc These managers shall be Is " he settled by the
cshoioers themselves at the approaching election and
ticket COMPOSED OF gentlemen who, III Judgment
vi manage the corporation in accordance with the
AOO'e Views VIII receive hearty and united support
y. BUffEARfELD, no. = COllegepi.
rr. pfkhckk X. GREEE, Third Ave. saving Bank
3k0 W, HAkrsOg, No. 0 Bowling Green.
D. " JosLYS A Co, No. 81 Broad ~