The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-05
CLOSING PRICEs-4 O'CLOCK P. M.
THE PACIFIC MAIL POTTER.
Meeting OF the Directors OF the Pacific
Mail Steamship and Panama Rail-
road COmpanies.

road Com panies.
The excitement which has reigned in Wall street
for several days past eliminated on Monday, and
was yesterday somewhat on the wane. Those who
are clearing" the Pacific Mail stock were as bel
ligerent as ever, and there were ominous head
shakings and muttered representations OF i'm
pending ruin to its unlucky friends. But not one
syllable OF direct accusation or tangible nforma.
ton could be forced from these croakers OF i'll
omen. On the other hand those who are interested
In the direction of the company wore a smile that
was chlld-like and bland, and according to their
statements, the company could hardly be In more
prosperous condition.
THE BOARDS OF DIRECTORS
ofthe two companies had a meeting at their rooms
In Brown Brothers. building, at which MIR. Stock.
well, the President. and several welknown bro
kers were present. Mr.. Bellows, the Vice Pres-
dent, remained In the outer ONCE to be inter.
viewed by the representatives Of the press. He
was calm and collected. Occasionally sudden
arrival or an unexpected question made him lit
Tie irasciDe, but soft smile soon chased the
wrinkles about his cosely-compressed lips and he
seemed to feel somewhat better. He wore q some
what benignant expression, tOo when he stated,
In the most polite manner possible, "We cannot
CONTRADICT ALL THE RUMORS ON THE STREET.
they are SO silly, and, OF course we have nothing
to do with them. l have just been handed slip
showing that our stock is up four or five cents to-
day, though nearly II not quite, every other stock
on the market Is down at least one per cent. The
rumors from Washington are what caused the de-
cline. We are doing nothing OF any consequence"
he added thoughtiully 'Ony our regular-a spe-
cial-meeting. No, nothing of any consequence"
Mr.. Stockwell was the next man to leave the
directors room. In reply to request for certain
Information he said 'he had no time for converse
tton, and the poor man did seem greatly anxious
to get out into the open air. He was buttOnholed
by gentleman on the corner of Wall and Broad
streets and Immediately disappeared.
INTERVIEW WITH A. G. KINGsLAND.
A. G. Kingsland is director OF the Pacific Mall
He politely but firmly, refused to part with any
Information in his possession in regard to the com
pany. ''The rumors from Washington did not, how
ever" he was at liberty to state, "have anything
to do with the fall In their stock. The meeting
was merely for the transaction OF routine business
and nothing Of q nature that would interest the
INTERVIEW WITH THE TREASURER.
the treasurer too was very anable but could
tell nothing OF what occurred at the meeting. The
rumOrs ON the street, however, he pronounced
grossly exaggerated. The company had plenty OF
business to do. in Iact it had much business that
II was forced to purchase four additional steamers
Uhe webb line), and there was plenty of money in
the golfers or the purchase could not have been
made. The subsidy business Mr.. Clews affirmed
had been satisfactorily "nXed" In Washington.
The deductions to be drawn from the various in
terviews may be summed up as fOllows:-
JUST A LITTLE MIXED.
Mr. Vice President Bellows-The rumors from
Washington in regard to the subsidy caused the
decline IN the value of our stock.
Mr. Klngsland, director-The rumors from
Washington in regard to the subsidy had no con-
nectlon with the decline In the value OF our stock.
The Treasurer-The rum0rs from Washington in
regard to the subsidy are grossly exaggerated, as
the thing Is all arranged satisfactorily.
Which leaves the matter as clear as mud.