New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-28
THE PROPOSED OCEAN STEAMSHIP LINES.
TIE PROVISIONS OF MR.. wAsnBURN's BILL.

TIE PROVISIONS OF MR.. wAsTBURNS BILL.
WASHINGTON, Jan. 27.-Mr. Washburn OF
Wisconsin today presented his bill in the House for the
establishment OF lines OF steamers which was re-
ferred to the Special Committee American Commerce
The bill proposes establish four lines Of steamers, as
follows: The Atlantic Iron Steamship Company, to ply
between Boston and Portland in the United states ana
Glasgow in Scotland and Liverpool England sailing from
each of said ports alternate weeks the American iron
steamshin COMPANY TO ply between New-YOrk and Liv-
erpoo touching at Queenstown, and making weekly Ilps
PhladeIphta and Baltimore and southampton and
Bremen touching at each port on alternate weeks anu
the North and South American ana European iron steam
ship Company, TO ply between New.Oreans ana Ham
burg. touching at Antwerp, and between NeW-ofeans
and Rio Janiero touching at Havana NAY 2
Rico, ST. Thomas and Trinidad III the west lnnles ana
Para, Pernambuco and Bahia III Brazil making semi
The bin names corporators for each company corpora
torsi who constituted Board OF Commissioners, 10
ope the books subscription 10 the stock OF the eVera
companies The capital STOCK OF each cQPahy Is az ~
40 600 shares OF slO0each 70 person Is allowed 10 SUD
scribe than 100 shares until the books nave eeh
opened least four weeks AS soon as 5O shares nave
taxed and 10 per cenum thereon paid INTO the Treas
ury the Board of Commissioners are 10 convene meet
n of the stockholders for election OF Directors who
are authorized TO elect President, Vee-Presdent sec
lied 70 contract with these lines for the TRANSMISSION OF
the United mails for ten years and to guarantee
able monthly and in the Of the North and south
American and European Company this amount Is 10 DC
equally divided between the two lines. 49,.
The contract 20 be made the express condition
that each company shall proceed immediately 10 CON
frstclass iron ships Of the most approved model
for speed, with the best accommodations ior
cabin and steeraGe PASSENGERS OF not less tnaa
tuns burden and speed equal TO the average spee
OF the lines known as the "Cunard; "lnman ana
French" lines The ships required TO be Du III the
manner and constructed as TO be easily converted
into war vessels and the United States is to have the
right take the same for its own use III time OF war OF
threatened danger and when so taken, the Government
shall be liable to pay sum equivalent 10 ir interest
on the investment and for reasonable wear and tear ana
the damage said ships sustain while IN the possession
OF the United States but damage shall be allowed Tor
Of tho lsu Of
the purchase Of said ships, II shall
have the right do upon the payment Of their APP
praised value.
commanded by citizens OF the United states. ana that
upon the application Of the company. the President may
O command assist In the navigation OF
any OF the vessels without prejudice 10 MS rank III the
navy and that. while employed he SHAH only receive
half pay the Government ana such pay as nc may
receive from company For the purpose OF encourage
ing lines companies TO be entitled To draw
back equal to the duty paid all materials imported
said ships or should such ships be built exclusively or
American materials, Postmaster Genepul Is author
lied to pay TO the company 100000 additional subsidy
The bill further requires that all the ships shall be Duit
and ready 10 take their place in the line within one year
from the date OF the organization OF the company
The following is list of the names OF the cOrpOrd0rs
Of several companies who made by the bill the
FOR ne ftiaar B5on aHd Portland Companies. John B.
bury Dawes Tleophus G. Huey, Jonas H. Perry George y"
Wooiman j. X Jev b. Lockwood John NJ Forbes J. Iohry
william r. Weed William Clafu. George Richardson George b. Up
Aphels Handy. William Spoouer and Charles + Ho'ey;
NO. Trrar " r. kspuwal HoFrd Potter Caare. Lubng Geo
W Quutar W. l. MCread Herman Livingstone v Leon and
Tie i,,rpac PhHa8ePsir and BaHiaorO compquy
Messrs Thompson. James H. Orne Alfred Cope John
a3S ,,a a s Bas u For u Philadelphia and Joseph o1nsr
Figeri Boos D. ~ Hodges W Hooper A. Sobumaehe Thomas
NneHdr T. W. Bruno John Garrett jas Chester aud Hamilton
las uf Baltimore