The New York herald., 1870-05-27

s2o0s6,sis IS
Che Lcag earee 70 earrent they valued
below their original cos, on The a. the Gate OF the
AL either service reserve prohta5y employed
sE snS cRnneey ad are running
twice month between New York and AsPinwal two being
The constitutien, cSorado Sacramento and Montana
i"sen TsSs%a aud Sac Franc $50 ao.'' w. '"' ''''
The Great ReSpsc China Japan @ and Amercs three in
FIancisco and Hong Kong.
ATie four n commission and one in reserve four times
m9pt between tween fok9hsns % 3 and sSsnshas
The Ocean Qicen and Rising STAR thrown out of employ
by the reduction OF the Aspnwa line, have been placed
s Sd 'if hGsPssH tic only wa. ..
The Xncon and Tsboga are used tuss in the Bay of
The Golden city totally los, February 49, She has
been written on the books the amount which she
sued $3.50 o has been carried the debit of profit and
INVESTMENTS.
SGtS OF Pnnamn Railroad Company's Stock
the books $44j8 bo the rate OF 100 per
The c7,l5a shares Of It's stock, owned by the Com.
pany stand the books at par being also liability for
The loano and securities are perfectly good.
All other property (sneh as real estate warehouses,
The rforeity in Japan ard China admirably adapted to
sauaon gwen; ss 80 likewise Sa rraaelssS which
wen q % r eei so IN sSsn WIN
ycar three sry bonded warehouses from whcn income
1oe from Which HiU dividend. Secei7e '' '''>
hand, t.. 0G3 0ns. stands az less than
The committee find that nj this tmo ast the date or
she last published Statements the company was employing
four month the ronte between New SOrk
ami frnrcisco the Panama Isthnus, earning
and paying to tho stockhoorn hsetrom reasonable
capital invested; this service has been refused to
~. steamers per month"; and has ceased for the tim. being
10 be profitable.
lh,s failing Oh the Panama business has been mainly
sueon sf he Paqa is o,asr haSa
reasonable 10 indulge hG. the China branch Of
tho will be greatly benefited by the operations of the
railway route, IN encouraging muii grafton, suppyn.
IN By rat, the o transit The business OF the Ch
lnc inclns the Shnnghe branch, has continued to i'm
meeting reasonable expectation and s
and above moderate allowance depre
citation and nsaIancc e
n government mall contract for ten years, wit q
subsidy of f50GuU the first steamer despac
from San Francisco for Hong Kong the LIST OF January
ASST From that till September departures
months, thence twice in three months elk
weekly till June 6s, when began the full monthly
wee, which has since been regularly maintained.
Zach increase the service though that OF the main line
has been ebc and that OF the Shaghac branch augmented
Aixod, has resulted after short time increase the
average business DONE and in improved rates. while the
have been reduced We think the time
across the Pacific. the company now seek
fng the assistance OK the enable to pro-
vide such increased fscies should efforts
cessul shall bc abe TO utilize that of
steamers not Otherwise employs'. Future Greats will have
TO determine how steamers be thus provilod for
well 10 the disposition Of any othcrs which may be-
unemployed.
An Of which respectfully submitted by your committee
A. 4. Low, Chairman
WILLIAM DENNiSTOUN, Committee.
ALLAN NCLANE, PrcBident.>
WLereupon,
On motion the statement of the committee was unan.
received adopted by the Board and ordered
DC published for the bene. OF the stockholders.
Attest THEODORE T. JOHNSON, Secretary.