New-York tribune., 1874-09-22
FINANCIAL SURPRISES.
COMPETITION WITH PACIFIC MAIL.

| COMPETITION WITH PACIFIC MAIL.
| THREATS OF AN OPPOSITION LINE on THE PACIFIC
oCHAN-ALLEGED DEPARTURE OF JAY GOULD ToH
SAN FRANCISCO AND CAPT. Bradbury FOR RS-
GLAND IN THE INTEREST OF THE COMPANY.
The gossip excited by the departure of Jay
Goud aud Sidney Dillon. ostensRy for San Francisco
and conecures TO the objects of Captain Bradourys
alleged visit TO Europe were on every ones tongue 10
was yesterday. IL will be remembered that after the
withdrawal OF the stockweli administration from ths
Pacific Mail Steamship Company Captain George ii.
Bradbury elected President OF the Company. He
administered Its affairs for short time, and then With
view to ascer,anng the precise condition OF the Com
pauy and borrowing somo money, he made visit 20
Panama and the Pacific coast. During his absence,
however, revolution took place in the adj
ministratiou OF the affairs in New-York and
Rufus Hatch was elected Managing Director
with all the powers OF President Capt Bradbury re-
turned this city and rendered his resignation as Pre
dent. This accepted aud Russell Sage was elected
in his place. AT the last election Capt Bradbury wGs
dropped from the list OF Directors
For several months threats Of rival line the Pa
cifc Ocean have Influenced speculation In Pacific Mall
and the English line then in existence the Pacific was
held up prospective competitor OF the regular ne
The Pacific Mail Company, however, managed toremoye
the opposition by leasing the Vancouver aud Va'co do
CANA the vessels Of the English ne with the prvleee
OF purchasing them at the expiration OF the lease.
While the English line still appeared be
quarrel arose between some Of the Pacific Mail aad
Union Pacific Railroad directors. aud combination Tor
the purpose OF fixing schedule OF rates mutually sat
isfactory, was unsuccessful. Considerable aerimony
has arisen aud the active directors OF the Union
Pacific Railroad have threatened to establish line to
be run in the interest OF the Plcc Railroads THIS has
hitherto been regarded threat intended for tue pur'
pose OF influencing speculation and has become weaTi-
some from frequent repetition.
On Saturday however, it was asserted that Capt.
George H. Bradbury had sailed for Europe in the White
Star steamer Britannia The passenger list OF the steamer
did not OF Bradbury but t did pear thas
Of j. Bunsby" Inquiry at the offices and usual resorts
Of Capt Bradbury failed elicit information or
his whereabouts; 1t was quietly but positively asserted
however In the circles that specially nterestedl IN
his movements that he had sailed under the assumed
name of Bunsby" to eude observation and inquiry,
and to prevent the friends Of the Pacific Mail line from
becoming informed OF his operations Inquiry among
those who are to be the promoters OF ha
new enterprise elected the following statement:
Can't Bradbury will be the President Of the rev
Pacific line steamers he has gone TO England or the
purpose OF leasing purchasing six or seven steamers
from 81 which are lying idle on the Clyde ana 10
other ports OF Great Britain After completing his nego
tiatons and attending other necessary business tho
vessels selected will be dispatched almost slmulta
neousy from England some going to emma ana japan p
whence they will afierward be transferred To the
Pacific Ocean. 1t is intended to establish sennohlny
communication between Hong Kong. Yokohama anu
other ports Of China and Japan ana san nrdsesIo 80,
They will sail under the English ig anu ne run N the
interest OF the railroads The American line Otsteamers
controlled by the Pennsy lyauia Railroad company anu
plying between philadelphia aud Liverpool MI DC tno
Atlantic division OF the new eomolnatOn dnu E; eap
italsts will be the principal directors OF the Union
Pacific Railroad. some her Americans ani hunoe,,
OF English fnanclers. The contracts nave Oreh siSeu
and the vessels will be running within 80 DAYS oloso
competitlon with the Pacific Man Will De mAhlaned.
irwin the former agent of the PIcihc MIL C0nptny az
San Francisco and their representative az ;"insGn
t the tne of the granting OF the subsidy VIII DC lne
China agent OF the new company Jay Gouid nAu kVho
10 san Francisco oOtan wharf property ior tue ne"
such were the statements made in relation TO tho
matter with a view TO ascertilnng what the Central
anniIcation was made TO VicePresideut Huntington.
He said That Centra Pae Railroad hai not cou-
mitted itself in any way H did not know what other
peope we're doing and. Of could nCt undertake.
10 saw ANYTHING about their operations.
Russell sage President OF the Pacific Mail Steamship
Company SAID that the suggestion OK new Iya ne On
the Pacific simply ridicuOds. Ine Lac LLsIsa
Company had tried the experiment oi an opposition
line but soon found Itself III the position Wach uas as
tngusned many Walsr. operators short o. chsh ana
long of experience" The character OF te Opposition
might be Inferred rrom the fact that the EnSlsh Com
n,nv weary or their Improbable speculation, OAfed 10
lease their vessels the Pacific Mai Company at GER
tain price, and finally glad 10 take on1hird or
nriviege OF purchase the expiration 0t the lease Inc
Pacific Mail Company with It's neet ~ me seltners'
with its thorough ofganz ltoAs, lts siOVOVo snoIsS,
and its great facilities Tor business, Was now carrying
vast amount OF freight but IL wac az tHe i0Wes' Possoo
rates and other company could possibly compete
with it and live for short time Tue Loe STORY
~ an onposton was attributable to the Vaccinations OF
the bears" who wished to depress Pacific Mai: ,
+ L. TalcOtt, who chosen as the opposition diT
,ecior AT the last election said that Pacific Mail
Company with Its Sl0O00yO subsidy TO Oeglh W coIid
afford laugh at the efforts OF those VINO Wo9i & esI
hut had soon abandoned the costly speeuiauou capt
Bradbury might go Elrope or anywhere else 70 pur-
Francisco for wharf property out t woal "uo'o 'n'
Pacific Mail Company very llttle ihueeu'