The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-11-09
THE PACIFIC STEAMSHIPS
Proposed New California and Australian
Lines and the East India Trade.
AMERICAN RAILWAYS.
English Shareholders Like Fifteen Per
Hs'' Cent Per Annum, but Want AN y,
rr ash the Pennies Saved. s a4


PARTICULARLY tu0 Capitall6tb, VI 0Eeht brltaln ana
Europe, asking them to come and see the Greas
West, and the third city In the Union. The sgnerx
represent the banking. mercantile. mining ans
agricultural interests Of Missouri The names were
OF the style known "the strong men OF the Vests
These gentlemen selected for the occasion the
twelfth anniversary OF their well-known Agricut-
tural and Mechanical Association; and, though
many Of the European visitors will be too
late for that, yet the resources OF the
valley OF the Mississippi will be open 70
their view. Its fertile lands It's minerao
treasures its agricultural abundance, its pushngs
enterprising people and their wants from the
mother country will, probably afford the visitors
ample anu interesting themes long after the cxhi-,
bitlOn at st. Louis will have closed.
WHO ARE COMING.
The following millionnaires and representatives -
European industries are among those who will 60
to Missouri:-Mr. y. c. e. Griffin banker, Of wol-
verhampton; Mr.. Lorsent, representative OF Bel
gian capitalists Mr.. Gankroger, spinner ana manu-
facturer. Of Toddmarden, Lancashire; Mr.. II. GIL
espie, OF the great lace manufacturing firm Of j.
M. Perry Co., Nottingham; representatives OF the
Barings, OF the Rothschds and OF many lesser lights
not less Interested In finance and great projects
| These gentlemen contemplate an organization or
| visiting committee, composed OF experts In tho
various subjects they propose investigating Earir
in the coming Spring the entire OF this committees
win be In st. Louis, while before that time few
only regarded as pioneers OF the party, visit the
Great West
Prominent among the subjects OF investigations
will be colonization and Its numerous acccsslOna.
The mineral productions Of Missouri-ts large re-
sources Of lead and IRON particularly-wiii DO
looked into from all the points OF observation en-
braced In investment and commercial enterprises
These intended visitors nave no desire or ambf-
ton to be Jeted, in fact desire rather to DO nm
chroncled. Their object is quiet and careful
visit to a country OF which they have read and
heard much but have seen little or nothing. I'M
like the Sir Morton Peto party they will 90 without
any flourish OF trumpets ana return wiser aud
better men,
LONDON CAPITALISTS AND AMERICAN RAILROADS.
At this moment capitalists here are opening thelt
eyes to the fact that OF the 8s 900 miles of railway
| in America, which drew the largest portion
Of 5000 900 out Of their pockets for construo-
| ton and equipment. there Is q something not
exactly in the shape they desire. This something
| Is the general account book as regards details.
Every English investor in our railways Is loud over
the absence or specific information as to the abso
lutte expenditure and the absolute income OF tho
| roads. While at one glance 1t can be seen tnat
cent on their COST as the exhibits Of 1871 clearly
| show-and this percentage likely to be Increased
the r fnS pespess
who Is chronically GROWER, wishes to see where
the pence CO. as the pounds can take care OF them
lie wants all that redtape which has cripDIadii
railway investments IN his own COME
lsh railway ~---
-...aeement everywhere English
men regard American railway managers with
astonishment, for the reason, among others, that
classllcatlon" OF passengers does not obtain; ana
accommodation to the working classes at cheaper
fares To any one who knows the '.working
p anerSs wsre
Botn the working classes and the
very different sort and as wide apart as the Slow
ness and toryism OF the country and the enter.
prise and democracy OF the other. But the fifteen
ger cent return for the investment Ike charity
cIVereth multitude OF our railroad sins, ana ~
! muc1 SO that commission representing the bulk
! OF the English capitalists Interested Ia American
| roads Issabout to visit our country and personaV
inspect the workings and details or railway sys-
tenn oner1hg such grateful financial Inducements
and carrying 80 few If any corresponding risks.
/ SEEING THE BULLS AND BEARS.
The commission Will remain In New York city for
some time to learn something OF the inner lie and
workings OF Wall street and Broad street .cornersS
and 'ciqaes' ..fings' and squares"
point TO with significance which causes every re-
spectacle American to blush. Reform your wan
street," said leading capitalist to London Amer
lean banker 'and let some evidences OF fair deal
ing and reliability prevail, and your country with
works, Will attract the capital or the world your
debt viii be wiped out, your entire maritime com
and proudest people OF Chrstendom ~
Could Wall and Broad street bulls and pears sec
bunder Tree them" clean moral sweep o}
Wall street Is essential, and the sooner che better
for the credit OF the country.
STEAM POSTAL SERVICE BETWEEN SYDNEY AND SAN
FRANCISCO.
Some representatives Of the Parliament of New
South Wales are now in London negotiating 70.
the construction OF steamships to ply between
sydney and san Francisco. This enterprise, which
Coast than the mere carriage OF letters, will re-
ceive subsidy OF $4,000 from the British
home government and in other respects mces
every public support London being the greao
financial and motive power for all great undertake
ings in all parts OF the world we see centred hers
representatives OF every industry and enterprisc.
Neither nationality nor jealousy has any power
fore the purse pethoric John Bull. 'G lie vii;
lend as literally 10 the pagan as the Christian
70 . the ~, pas Or prevded 1T pays"
scented here at this time In pushing TO completion
this project, which Will bring New south WaIea
and California In closer intimacy commercially and
Join the ports OF Australia New Zealand and Full tn
the Pacific port OF the great American Repubiic--
Journals here, white it omits as every other paper
here has omitted, the detailed facts herein, says
dabsDe Of vas between 70 Se M
public and our colonies, which Will de-
s ans az sn silent % me
business. Japan, China and the East viii take =
larger part IN the intercourse but we venture 70
predict that the Anglo-saxon race will have the
Pacific trade as much In their hands as that OF
the Older seas have beenr
The Chamber OF Commerce at Sydney advocates
this new link between Sydney and san Francisco
In very mastery manner: me chamber ap-
Il the natural port for this line OF communication
The commercial advantages that will accrue to
sydney In opening up q trade with America and the
South sea Islands are apparent. So too, may &c
be said OF san Francisco. For the nrst year tins
vessel per month viii ran between the respective
ports named New YORK mercantile men, also
an eye TO the future In this connection with tina
Pacific, and already plans of agencies and comms-