New Orleans Republican., 1873-07-13

Steamship Company-New Chance fol
New Orleans Capital and Enterprise.
This company have issued from thei
Liverpool Office, through N. D. Spartali, Z
preliminary prospectus. They refer to th'
Bank of England, the. National Bank of Liv
erpool and others of eqnal authority, which
| offer sufficient guarantee for the stability
| of the enterprise.
The writer of the circular has evidently
studied his subject thoroughly. He quo tes
largely from and compliments highly Mr.
L. J. Highly. In comparing the three routes
from St. Louis, the result is that the transit
cost per bushel of corn by the direct con.
tinuous rail from st. Louis and neighboring
farms. is forty to forty two cents, to which,
adding for intermediate storage and ter
minal charges, sums up to fOrty-eight and
fifty cents to New York. BY the summer
or lake water route the rate is twenty -four
cents by the barges. to which has to be
added six cents for rail from st. Louis to
Chicago. and eight cents more for interme-
diate storage and terminal charges, maxim z
in all thirty EIGHT cents. Calculating the
selling price of Indian corn in Liverpool at
last winters price Of 29s cd per 4SO pounds,
and allowing the usual ocean freight per
steamer from New York. and after deduct
ing the usual Liverpool landing charges.
discount, brokerage. and commission. and
loss of weight. about seven per cent in all.
what is left to the farmer by the winter
route is about eighteen cents. and by the
summer route about thirty-two to thirty.
five cents, but perhaps less. should the price
give way, as it often does in the summer
months.
The cost Of transport by the direct water
route in targes from St. Louis is only ten
cents for large quantities. a distance OF 1900
miles, and adding carriage from distance
of 100 miles to st. Louis six cents, and four
cents for terminal charges and possible
storage sums up to only twenty cents per
bushei OF corn at the very outside, and this
could be done for winter and summer: and
at this rate. allowing third more freight
for ocean steamer than the New York cur.
tent rate-or say twelve pence per bushel-
at the same price the corn in Liverpool
would yield a net return Of no less than
forty-eight to fifty cents to the farmer Of
the West, as compared to eighteen and
thirty-ive cents by the Northern routes.
The company proposes to establish a great
steamship line to transport cotton. corn and
wheat from this port.
The great problem Of constructing a YES.
oaf Of hats III
large cargo Of grain. as well as Of cotton.
at such draft as would be required for
the safe crossing Of the bar at the en- trance
Of the New Orleans harbor at all times. has
Just been solved, and model to sea le suf.
fciently large tor carrying out on large
dimensions has been completed on new
principle, combining great qualities of speed
as well as the desired ightness of draft
and capacity. The midship section Of the
vesse! by this principle is thrown forward
by the extension of breakwater under the
water line. gradually tapering for a great
distance outward and ending in an angle
This forms to a great extent the bow Of the
vessel, but the upper end by its great taper
upward. reduces the resistance to mini.
mum, and clear sweep is presented to the
waves in spending themselves. without
striking with force against the solid part as
in ordinary bows. This breakwater is hol-
low inside and Of . great capacity. suitabl
for cargo space. and is shaped and FASH
ioned to present a fine entrance to the mid
snip body Of the vessel. which is N ade to
taper gradually toward the stern. but her
lines aft under the hull are suddenly cut off
to allow space for her propeller. and leav
ing a clear space 70. the sweep of water
thrust back from the progress Of the ship
through the water much earlier tha n with
ordinary screw steamers, and thus leaving
an open water space from under the vessel,
from the point named to the stern end and
rudder post. The working OF the propeller
under solid water will, it is calculated. give
much more effect, and increase the vessels
speed.
To enable parties of all classes to partici-
pate in this enterprise, the capital Of which
is to be $5,OOO.OOO. with 81 $50. 900 called
up, the shares have been fixed at $500, $50
and $5.
The company will proceed imm ediately
to build three ships-the Illinois, Great
Western and Queen OF the West.
The model is now nearly complete, and.
as far as can be ascertained. there not being
sufficient time for moro exact scale calcu-
lation, and at . rough estimate. she will
carry as follows. besides twenty days coal.
stores. ETC.: Cargo No l, 10000 bushels corn
or wheat and II. 900 bales Of cotton of $50
pounds each; cargo No. .. $4,000 bushels of
corn and l3,5OO bales Of cotton: cargo No.
3. lOO,5OO bushels corn and $500 bales Of
cotton, all at a draft not exceeding eight.
cen feet. with very good saloon and cabin
amidships, and plenty Of
room.
This would make her the largest carrier
after the Great Eastern. Her lines and
have been carried out SO skill
fully. with view OF obtaining speed as
well as capacity, that. with engines of 300
horse power. and a consumption OF forty
Eve to fifty tons coal per day. she will be
as fast as any steamship now in the trade.
Mr.. Highly will be pleased to give any
further information that may be desired.
Cnnd0r.
Madame Olympic .Andouard. in "Du