The national Republican., 1869-01-11

Il will be seen by this table. embracing such
| bilis prior TO the commencement Of our line,
| as have been placed In our possession that tn Q
difference between the former and present
rates OF transportation Is more tn IN eighty
| per cent, all Of which has been saved to our
this line. II we may assume the descriptions
| OF freight above named to be = fair average OF
the whole amount transported, and apply the
| same ratio OF reduction to the amount carried
on our own ships, emitting any estimate OF the
quantity conveyed BY our opponents, the
viii amount to S63 400, and for the past two
years to sli2, 200, which is mo re than enough
to pay the cost OF the steamers. In the face
Of these figure. no one can fail to perceive
the Incentive to the persistent Opposition
which seeks the annihilstion OF this COMPANY
that It's sdyersaries may again he without 4
rival, and at liberty to adopt such prices as
will yield excessive and princely profits. II
remains for the people OF the District to deter.
successful.
Within the year just closed two important
arrangements have been made In contempls.
ton OF the extending, for the public benefit
the n,eiainess OF The ships Of the company BY
signed for their operations. In one case the
utility OF the arrangement will depend upon a
sRoas s he f .s'tEsGS tSo g. Of hfss ss
close the navigation Of the Potomac, the Bal.
timore and Ohio Railroad Company have
at their whsrves in Baltimore, Locust PoiHtj
whence they will be conveyed in burden cars
TO Warrington, under the superlntendenGe OF
| our own agent. This accom- mo- odation Is prof
| ierel on fair and liberal terms, such as will
doubtless be cheerfully met by our merchants,
rather than be subjected to the vexatious de-
lays which are sometimes incident to the clos
Ing OF our river.
In the other case the new arrangement has
been carried into effect. It consists In ex.
tending the range OF service OF our steamers
by requiring them to touch at Norfolk on their
way to and from New York. BY this means
OF direct and regular communication \ trade
| IA bat h. ha.a.I IL
and Norfolk, which promises to be highly bene
| hoiAi to the merchants and people oil both
communitiesi and by this means also direct in.
| tercourse, by safe and regular steamers, has
| been estabiished between the DlstrIct eIties
and boston, AS our ships cannot connect al
ss wSose SRSR our iRs 81 so'sSH
thence transported direct to Boston.
This extension OF the operations OF the com
pany Is a great accommodation to many OF ou
citizens, and adds TO the commercial Import
anee Of the line. 1t Is to be regretted, how
ever, that by this change Of route we have un
expeetediy and %nnnesesssrily % excited the JeAl
between Norfolk and New York, which Ia
hastened to manifest its hostility by contrib
nting steamer to the Clyde line" In aid o
peace, we shall stand on the defensive. W
have done nothing to Justify this fierce oppo
sition, and shall pursue the "even te nor o
our wayn In the pursuit Of q legitimate busI
ness, from which our enemies may be ASSURE
we cannot be driven so long as we retain tn
confidence and support of the communities o
The report then proceeds to give In detail
very satisfactory exposition ofthe business o
the company for the past year, from which /
appears that its patronage has so greatly ia
creased as to produce revenue nearly go, ,OO
In excess Of the revenue Of the preceding year
and placing the company 10 possession OF su N
Client means to pay handsome dividend
which, however, the president does not deeu
advisable, but recommends, In view OF the I'm
Of The linz 70 ths bushes IS
In the treasury TO meet any emergency tina
may hereafter arise. as well as to foFtify tn
company 10 resisting the peraevering hostilitl
after which William Wall, ESQ, submitted Ii
following resolution, which was Sdopte,
Rssoipsd, That the thanks of the stockhoid
era are due to the president and directors o
the line for their excellent management, an
urging merchants to continue their shipment
by this line, and use especial care In ofderin
their freight sent to their ships exclusively.
Mr., shepherd moved that committee ofnv
from among the stockholders be appointed l.
solicit subscriptions, SO as to increase the eaI
| ital stock to $50, 900, as provided by the char
ter, and put another steamer on the line, so a
to make the trips semi.weekly, and also so a
TO provide against any accident which nigh
happen to one or more Of the steamers. witt
the Increase OF the capital stock to the Amo un
bility OF stockholders would cease, and whicl
would relieve them OF an Objectionable feA
tuTe under which they were now liable.
| Mr. !, W, Thompson spoke OF the advAn
tages to be derived from having Anothe
steamer on the line. He had taken gTeA
pride In the line, and he believed that the
| would be supported by the citizens OF the Dis
| trlet. He would do as much as any one, an
he would go as far as any In subscribing TO Tn
stock. He related some statistics 10 eonnee
ton with the line, showing the profitable un
dertaking II had become. and the certainty o
| greater prosperity.
W. o. MetIerott, Col. wall, and other
made remarks, after which the motion Of MT