The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-07
PACIFIC MAIL MALEFAcTIoNs.

To THE EDITOR OF THE HERALD
f'Timeo Danaos ct dona terentes' said the Trojans
Erho suffered by misplaced confidence In modern days
find sSatan" still fertile in devices to entrap the
unwary. The columns of certain morning journal
have persistently for months past exposed the
skeleton" in the closet of the Pacific Mail Company.
Its Vice President lately published what purported to
be very favorable statement of its condition. Which
shall the public credit, this last the oftrepeated
story of impending bankruptcy Of the Pacific Mail
Steamship Company set forth in the columns of tho
journal alluded to Y-items such as that of August %
that 'the repairs of the Pekin will exceed $500 0Oo;n
August IS. assessment for tax 1874 against Pacific
Mail Company confirmed, amount assessed July
90 1874, and unpaid August 25, 1875 $1,000 5o-ony
amount admitted not taxable sl04 $50 of Caiior-
MIA Dry Dock Company's stock" Next, the unseawor-
thiness of the Toxic also confirmed by private letter"
from competent judges at San Francsco confirmed by
the published statement that she was withdrawn and
the Aaskssubstituted 10 sail October and informa.
ton 'confdentiay given that both ships would be
demned Again. the refusal Of the builder TO allow the
ship San Francisco to sail until he received notes
from the company Tor large amount secured by bill
of sale of ship from company to said builder. Again,
the sacrifice that the company about TO make TO
'repenish its Golfers in the sale of the Eastern line
valued in their statement Of 1873 at Sl,3o0,0O0,
and real estate worth 500 600 the whole for 800 000
which would probably net the company 100000.
So distressing the future of the company
TO Its sympathisng friends Goulds brokers' that in
Responding tone they whispered to their friends lately
that the stock would sell at twenty five under within
thirty days. that the Liabilities OF the company would
throw them into bankruptcy One OF the old members
asked what liability was younger member said he
thought IL meant ian ability TO lie T" Bets have
been made by brokers' above alluded to- that the
stock would sell at twenty five under before the close
OF the year. and the "Wall Street Notes. alone have
had the manness TO notice this infamous transaction.
Again, ask, which condition of the company shall
the public accept the true one2tha set forth in the
report Of the Vice President that carefully given
in detail from day to day in the columns OF journal
which, in performance of its duty to the public must be
unbiased IL is hard to answer but WE would advise
outsiders to let the stock alone While this great
tonal interest is run in the interest OF the street all
statements must be received grdno sails. Give
us, Mr. Scott inventory Of all the property of the
company all their assets in detail and all claims against
the company in the shape of oans also outstanding
claims of all kinds, notes. bills and unpaid &c.
Then give your ships voyages all disbursements to the
time the pilot left the ship and all receipts from freight,
passenger money subsidy &c, OF the line Include all
Office expenses at New York, Aspnwall, Panama, San
Francisco and all Asatic ports with Ii and wo shall
shen be enlightened, not mystiGed. Respectfully
VlEUX TEMPS.