Los Angeles daily herald., 1875-03-07
The Pacific Mail Company Under the
Control of Jay Gould.

NEW YORK, March 3d.-The Tribune
says that a Pacific Railroad party, with
Jay Gould at it head, has acquired a
controlling interest in the Pacific Mail
stock and directory; the company will
be changed so as to give them proper
tional representation. Huntington,
Dillon, Ames and Cotton are men,
toned as likely to be the representa-
tives as aforesaid. The new programme
is circumstantially as set forth and
involves an immediate increase of
freight and passage rates by both lines.
1t is stated that the Pacific Mail, as
the consequence of the withdrawal of
the subsidy of 1872, has notified the
Postoflice Department at Washington
that hereafter, beginning with April,
mail service to Yokohama will be
monthly instead of semi-monthly, as
under the old management.
The new tariff for overland freight
will go into effect tomorrow, and is as
follows: From New York, Boston,
Philadelphia, Baltimore and Rich
mond to San Francisco, Sacramento,
Marysville and San Jose, per 100
pounds, first class, SIS; second class, $4;
third class, So; fourth class, So, and
half class "A,u So 25; class "B," $2;
class &C." ST 75; class 3D." ST so. For
the steamers no tariff has yet been is-
sued, but it is understood that there
will be slight advance on certain
classes of freight, while for others the
rates will be kept in competition with
the clipper ships. All pending con-
tracts with shippers will be carried
out. 1t is also declared that after the
1st of April there shall be but two
steamers per month in the California
line via the Isthmus, and but one
steamer per month in the China line.
The vessels for the latter service will
be the City of Peking, City of Toxic
and the China. All the others not
wanted will be laid up OIL their arrival
at San Francisco, including the char
tered steamers Vasco de CANA and
Vancouver.
THE EAST INDIAN TRADE.
In this connection it has been sug-
gested that as the products of India
and the islands of Java and Sumatra
still reach us by the process of sailing
vessels on long and circuitous route,
| the extension of the Pacific Mail SER
| vice to these countries would increase
our trade with the Indies, and that in
connection with the Pacific roads.
through bills of lading could be given
at the clearing ports of the Eastern
Hemisphere for England and the Con-
tinent, and thus control considera-
BILE portion of the trade in silks and
other fine goods from the East, which
now find their way to Europe by Brit
ish steamers. These products could
be brought to San Francisco by the
Pacific Mail steamers, thence by the
Pacific and other roads to New York,
and then again by steamers to Europe.
The development of such a trade as
this would undoubtedly lead to the
establishment of a line of American
steamers between New York and
Liverpool, and pave the way for a res
| torati of commerce in American
bottoms.
In regard to the Oriental and Occi-
dental Steamship Company, the gen.
era impression here has always been
that it was blind, and if there is
such company, it will speedily be
disorganiZed.
At meeting of the Directors of the
Pacific Mail this afternoon, Russell
Sage, j. l.. Talcott and A. ]. Hatch
resigned as Directors, and Sydney
Dillon, Jay Could Oliver Ames and
ID. ID. Cotton We're elected to fill theil
| places. hfI. Dillon WAS clecJeu rrcsi
dent pro tenn.