The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-12-03
A sRRUe op RRseIrTToNs.

General Henry III. Bingham, Postmaster OF Phila-
delphia, then efersa the relieving series OF reson-
tons, which were adopted
Whereas Philadelphia, formerly the leading COM
merefal city OF this country, has OF late years de-
veloped her vast manufacturing interests without
eoTi esponding growth Ia her forelgR commerce,
and
Whereas 1t Is now evident shat great advantage
would accrue to our city from regular and direct
steam communication with Europe, by furnishing
an additional outlet for our own productions and
those centr1ng here by our comprehensive system Of
Whereas The Pennsylvania Railroad Company
has agreed TO join with the commercial manufae-
turing Industrial and other interests OF PhIadel-
pha in the organization OF a company to be known
SIS the American steamship Company OF Phila tel
pna, fsr the purpose OF establishing line OF not
tween this port and Europe; and whTsdS, the Penn
sylvana Railroad agrees 10 subscribe four hundred
thousand dollars to the capital stock Of said CON-
pany, provided three hundred thousand dollars be
subscribed by other responsible parties vhersas
stse 600 dollars Of the bonds company, with
pTlnepai aha , interest % as the same ma may become
ship company, failing 20 pay the same; and
Uhereas, Is Is believed that with this substantial
panY, the remainder OF the stock and the bonds Of
me steamship company can be disposed Of it is
Resolved That the Charm an Of this meeting be
authorized to appoint an Executive Committee OF
twenty-one, with power TO 1ll Vaesaces and ap.
the subject Of obtaining subscriptions, and who
shall have power to obtain the charter necessary
for organization, and such ether legislation ~ may
he required and the cooperation of oar citizens il
earnestly solicited in matter so vital to the cem
mercia and Industrial interests OF Philadelphia.
MAYOR Poxs SPEECH.
His Homer Mayor Fox denvsreh the following
Iregard this movement as one Of the most impert-
ant presented TO the people OF Philadelphia for
many yesrs-a movensnt appealing with great
into fruton, calculated 10 stir up energy In every
department Of Industrial life, and which will be GER
importer and jobber, but the manufacturer, the
tradesmsn, the mechanic and the laosrer
by tn. sstaoisSment Of s's1
steamship line from this poIt to Europe, owned aad
more Proptious period for SO grand q prOisct. We
have one Of the largest cities the continent the
very largest ;, manufacturing eemaasiIy: and ,, SO
atsd to receive and ship an important part Of the
immense excess OF our great esantrys pro.
SSo %odio1s harsor. safe frp@ fsOss heavy and peril peril
GUS storms, easy Of access from tie oeeaa,
largest ships and added to this we have the great
est railroad in the wsrld making its teraiuus just at
this pent and | do feel that in its starting this
movement IN such an enterprising and liberal man
ner that magnificent corporation, the Pennsylvania
onleera, are entitled to and shoald receive the
thanks sns not only Of hs zsas ousiAsss MEN ,s
eommuny feel fs safe in esfn Hayns that When this
grand scheme comes to completion, which 1t
assuresly WILL the day that brings 1t will be hailed
in such a manner as will be worthy or 80 great an
occasion. congratulate Yea, gentlemen, on SO aus
ihorities will be Afforded the pleasure or leading
or in fitting recognition Of It's Contamination.
REMARKS OF FREDERICK FRALEY, ESQ
| Mr.. Frederick Fraley also offered few remarks.
He called 10 mind the business position OF Philade-
olden time the Philadelphia Custom House was the
| largest OF any along the coast. Then ships went
and brought back the produce Of ali nations. BHt
our best shipping merchants have been driven from
the aeld by other Interests We now have many do
nestle products coming to this pert and only re-
| mains for us to establish steamship line that will
carry them abroad to every other port. i now
ak the citizens to further the efforts which have
been made by the Pennsylvania Railcsad Company
| in favor OF this end
Mr. Fraey exhibited a manifest of the cargo OF
steamer running from New Orleans to New York.
This manifest shows what might be done here. The
| speaker said that the Pennsylvania Railroad COM
pany had done much to build IN the commerce OF
the City, ana will do much more IL the citizens will
Only aid their eXertions If Philadelphia now comes
into the field as a steam shipping port it
has many advantages in the present Improve.
ments in shipbuldlng They can pront BY the
economy. As regards the question whether the
money could he raised, me answer could be iouad
| MIA Railroad Company itself. There then the
same doubt Of the necessary fands being forthcom-
ing, but committee OF citizens was appointed just
| as 1t is proposed TO appoint committee now, aud
the result shows that there was no dniculty ABOUT
Hon Morton MeMichael was introduced, and said
that the Philadephians de not appreciate them
and valued themselves higher, they would do aere.
| 1t is the men who are always croaking about the
|
people who always give the material to other people
| to dlsParage us. j am ashamed OF any one who
| says that we eaRnot raise the requisite money.
| The following amendment to the resolutions read,
IS agreed upon by the Directors Of the Peansy
Railroad Company, was read =
Resolved That that part OF the resolution referring
TO bonds of the steamship company embraced Ia the
report of the finance committee, submitted to and
approved by the beard OF directors OF this company
at its meeting OF November 49, lS7e, be and the same
is hereby amended by striking out the words ''nve
per cent In gold free OF taxes and inserting In lieu
thereof the words ''six per cent in currency"
The amendment and the resolutions themselves
were then unanimously adopted
An executive committee OF citizens then ap
pointed to take charge OF the matter, composed oI
the following-naaed gentlemen
Jno. o. James, Chairman, Geo. Bullock,
Seth D. Comfy, g. j. Holman,
Henry Winsor, VIM. Massey,
A. Wheeler, III. Baird,
A R. McHenry, Charles Platt,
G. p. Ogden, G. III. Clarke
Il. H. Allen, Geo. w. Guilds,
q. II. Cummings, w. G. MOorhead,
e. A. GriscOm, III. G. Gibson,
John Welsh, Jr, II. II Bingham,
Gee. s. Repplisr, james III. OrBe.
The names OF the President ana Secretary of thI
meeting were added to the executive committee, sJ
oDiciO
The meeting then adjourned.
philadelphia Trade Report.
SATURDAY, Dec. 9.-Seeds. -COVerseed continues
in demand, with sales at 1OXc. per lb. Timothy Il
nominal. Flaxseed is scarce and ranges from Sc q
s2Io.