New-York tribune., 1870-05-27

hey are valued their original cost and the SAND
May lsJ9 when they were ALL either In actual service or
reserve proftably employed.
The steamers are now employed as follows: Tre
Alaska, Henry Chauneey, and Arizona are I1Innlns
being in commission and one in reserve the Consu-
tiOn, Colorado Sacramento, and Montana three in
anna and San Francisco the Great Republic, China,
Japan, and America, three in commission art
Francisco and Hong Kong; the costa Rca, New-yofE,
oregonan, Golden Age, and Ariel four in COMMISSION
hama Shanghai The ST. Louis, for several years
Queen and Rising Star, thrown out Of employment bs
the reduction of the Aspinwal line have been placet
is worth to the Company only what she will break mp
for The Ancon and Taboga are used tugs IN the BAY
The Golden City totally lost Feb o. She has been
written OFF the books; the amount at which she was ya,>
ucd s65OOO has been carried TO the debit OF profit ana
loss.
The 1908 shares Of Panama Railroad Companys stOcs
Is valued on the books at s45950 being at the rate OF Id
the Company stands on the books at par being also y
liability for the amount The loans and securities
estate warehouses; wharves &c Is in good condition,
The property in japan and China is admirably adapet
the valuation given likewise that at San FranciscoA
With valuable exclusive state franchise for about a
years. three large bonded warehouses, from which int
come derived: Also 6S shares Of the San Francisco
Dry Dock from which dividends received. The coal
on hand, $3.50 tuns, stands at less than cost
of the last published statement, the Company em-
poyng four steamers per month on the route between
NewYOrk and San Francisco via the Panama isthmuss
earning and paying to the stockholders thercfrom
reasonable return the capital lnNested THIS services
has been reduced steamers per month, and has
ceased for the being TO be profitable This falling
of in the Panama business has been mainly caused y
general commercial depression and by the construction
the Pacific Railroads; the other hand l. reasOn-
able expectation TO indulge that the China branch %
the service will be greatly benefited by the operations
of the railway route, in encouraging mgrat0n.
supplying markets., developing and stimulating produc-
ton and providing by rail the means OF transit. TIA
business OF the China line, including the shanghai
Branch has continued to improve meeting every eason
above moderate allowance for depreciation and liz
surance.
Under Government mail contract for ten years, with
subsidy OF $4,000 year, the first steamer was d'
January 1867 From date till September depart
ures were made in three months thence twice M
began the full monthly service which has since hetB
regularly maintained: Each increase OF the
Though that of main line has been trebed ana hae
OF he Shanghai branch augmented skiold has resute'
after short me in increase OF the average DuSAese
have been reduced We think the time has arrived Wien
the trade demands a semimonthy line across the ~.
the Government TO enable IL to provide such incre5d
facilities should our efforts prove suocesst, mu
oheTwse empIoyed future events will have to deter,
inc how many steamers can DC % inus prhi me-, hs ,ns
o. IN the disposition any others winch may "t'o"0
m ~ Mich is respectfully submitted by your Com
mittee a. A. A. Low, Chairman,
mll'cc' WILLIAM DENSIsroUN,
Aii.AS McLANE, President, Committee.
u,horeupon on motion. tLe statemont OF the Commit.
tee was unanimously received ana nc b9a,
hniders hn Attest: THEODORE T. JOHNSON, secretary.
The earnings OF the ST. Louis and Green Mountain Rl'
road for the third week In May over $4,000 an ns
crease over the same time in 1862 ot nearly lo per cent
The earnings OF Chicago and NorthWesiern Rail-
way during the third week in May were;
s6s....... S29l s9 as oS7 So
The earnings Of the Chicago Rock Island ana racine
Railroad during the third week in May were;
ls7O...... $4,000 go So Increase 5000