New-York tribune., 1874-05-05
P1CLF1c MAIL STEAMSHIP CONPAYT.

IT'S CONDITION, BUSINESS, AND FUTURE PROSPECTS,
STATEMENT OF MIR. RUFUS HATCH, THE MANAG-
ING DIRECTOR.
To THE STOCKHOLDERS OF TIE PACIFIC MAIL
STEAMSHIP COMPANY The late Misrepresentation that
have been circulated through the newspapers regarding
the condition OF the affairs Of your Company, render
desirable that you should informed far possible.
of its prese condition and future prospects, and with
this in vie " beg to submit the following:
Your Company has 33 steamers In commission, OF
winch SIX iron steamships, running and all
paid for The City Of Penng Oh which 52OOO has been
paid is now receiving her outfit at the foot offs Nnthst,
East RIVER IN this city and the City of Toxic (Yedo) on
which has paid sOOOOO Will be launched at Chester,
Pennsylvania on the 18th OF May, and will be brought
To this city to receive her and outfit The
tract with the builders, Messrs John Roach & Son,
spuaes that s5oO0 shall be retained of 1.-THE final pay
meut on each these two ships until after they have
made satisfactory trial trips showing speed OF not less
than 14t per hour Tue payments made on these
eight IRON steamships, incnaing & o1dn Gnve aireaay
peted. tyOa Will have added $4,000 tons or carrying
TS total Tonnage for the year 1873 from NewYork to
san Francisco amounted TO 900 tons or this amount
the p NJ. 5 :. Co. carried only 9,iCo tons TINS year
7 your Company have thus far transported 2i3 tons
or within 57 tons Of the entire amount carried during
passenger business has been effected the number trans
norted from NewYOrk, jan l. 1873, TO May l. 1873, being
s58: same period IN 1874, l,I9i
Ts,a6ove comparative statements refer solely 70 the
traffic between NevYork and San Francisco, and do not
the traffic from Francisco 10 New-YOrk, ON all OF
which similar satisfactory increase mas been
a,zad The reduction pense has been from 80 20 30
nr cent item OF coal alone the Company Is saving
from IS 50 per ton on purchases made "a san IRAN
the benefit be derived rom the introduction OF IRON
lollars combined with the rigid economy which has
been adopted in every department OF your COmpanys
a. The ronnd rip from New-YOrk to Aspnwal
te cost Of voyage last years by the WOODEN steamers ~
Al tVg
ops s,yins Of upward OF $4,000 each round trip
Your COMPANY have every 6 the M S1 ap 1
| bv a diversion Of the traalc wa the SqgZ Canai
TonIS nnma thus adding materially to the revenue OF
your Company as well as & TO tnas 9i 1ne 1Ha % ~
10 ~ va Osangnne refer the fact that the first steamer
which left CHINA with freight for New-fork wa Pan
VIZ b,oroht $40 tons Of tea Of which $500 packages
rs orignay intended to he sent via Suez Canal. but
| we're subsequently changed anu sent Dy the Panama
49, The tonnage through the Suez Canal during 1873,
fun china and Japan. was over 6J0OJO tons valued at
500 600 OCc On the 2Oh INST ths steaer nina oea AT
~ San FrancIseo from China and Japan, win lO4 pas
sengers and 1900 tons freight on the 2itn INST tho
steamer Constitution arrived az @ san io rom 0
~ Ssth ns the steamer Granada arrived at san Fran
cisco from Panana ma nt be steamer Colorado arrived
t San Francisco from China ana japan Win SoV pas
sengers aud l2oo tons tresn Uh inc ieo 1' inS1 ng
t 995 Messengers and 1851 tons freight hahlng I'VE
WIN 90 win 7Gl passengers, and 1901 tons freight
steamers, san Francisco aud NewYork within period
., aitht days aud which the Company Will EeaIILc
Oh sd elsns of ~ 600 900 from freight alone.
| Inc Pol'' @ Of the Compauy on business priuciples
tue sn"t hi,g sthe strlcest economy ali its
ana 10 oa ut5f IT, present equipment your Company
ueared 10 carry from NewIOrk 200 tons or freight
prsPaG ana a like amount from san Francisco, Cen
per sonth America besides $4,000 tons per unnum
- china and Jipan O1e OF the COMPANY steamers
Lot u iaave Sew-YOrk for san Francisco on SATURDAY
VIII d every alternate Saturday thereafter On in
Saturdays. when necessary, steamers viz Os
terIneo terIntnad from New-York with way passengers and
pht for tbe Istlmus and Central and South Ansrca
,ars will leave San Francisco Tor New tork wa
1m'na direct calling only at nplico, on % ~
Pini. O., every alternate Saturday thereafter On III
,odIate Saturdays steamers VIII oe uisPntoioe ,
teIhe calling at all way-ports IN Mexico hhd
san FfihcIso steamers will leave san Francisco for
& md Japan SATURDAY MAY = anu S1eIy & sito
emma t,y a thereafter. The next arrival from CHINA
nate ~ san Francisco ON Monday May ls the tOl-
WING one Monday. June 10 ana reg esely aIer ,
Iowa"SH Io Monday thereafter. New-fork merchants VIII
nao The nryiege Ot having their teas and silks for
Yared either via Panama or by overland railroad as
they % m rs lat december last, your Company had a
eoaIing dent OF s36OO00 since that time TINS deDt
! has bsen naudafel. and soJSOO mas Deeh paiu on
% S , ,rnn STEAMERS The average supply Of coal anu
min stores has fully kept up AT all points anu AZ
syer mate rally Increased Large expenditures nave
80 80, ,naan time been made all OF your steamers
m a Wy a. reo1re,l been newly painted and uph0l-
rcd in and the steamers Henry Channcey Montana
sfIcu, ~ pra nave at "A cost OF 100000 been put IN
sneh thorough repair that tAey are uo" III Ill ieSPeo
as goou nsw iron ships have been insured for 3 OooOo
hnt tg,hirds ther cost, at an outlay oi sloOo anu
the nt h., n deposit bank in SewYor cur
L. hank in New Yoik ssi.. 81ll
WIN Morgan CO. bankers London ~ V
Eo'a LIN S ,s. sSOot
Stocks 90 @ hand , hlIa p NJ \ = Co. being b,lsues u
~, p, .-rs received A. y. stock~ei IN sc.ie
m.at 4OOJ Oi slea alye orya "a soa ~ ana h re-. .
| MA NrTco aud Cen,ri American states iot mall 'r.
vice. 1873 @ collect "l'a IA 's >. ' .' 5000
ps'ea sa;'f mon padc 4 Co. in pg.es925 ooO
GOT Va va. -, ,Ss .bo,s thsc the Company Tor - cot
s,s % sis' s IN ''.-, An 70 ',' 1880
pV' aSm T. Go'erala-a' 'aJ l. ia' +''''''''''' I'
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