New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-10
CHANGE IN THE COMPANY OWNING TIE
SCHILLER.

StHlLLEh.
CONSOLIDATION WITH TIE HAMBURG LNE-A
CHARGE or BANKRUPTCY DENIED.
The Schiller was making her last trip as
vessel Of the Eagle line OF steamships when the disaster
occurred After the expected arrival OF the vessel al
Hamburg il vas intended that she should pass INTO The
hands OF a new company. composed OF the regular Ham
burg line whose TO this city, and the E1Se
line Al the steamships belonging TO tie latter me were
u he turned over TO the company in the same manner
- soon a. they should arrive at Hamburg. The Lessns
which followed the schiller the last remaining
which 1t was proposed to deliver to the new Company
nv the terms Of the agreement consolidating t1e
two companies which ratified by tie Stockholders
on April n all the property OF the Eagle line except the
buidln.s and wharyes at HOb0cn is TO 10 the new
COMPANY. Tho BUILDINGS at HODoken. consisting OF a
large Doded warehouse, frcsb houses, and Offices cost
&GJO.OOO. and negotiations are now pchu4hH loi
their purchase by the Anchor line OF steamships
the officer, OF which have offered 100000 for them
This sum has refused by the Eagle company te
1oanarers OF which think that they shOnld b. paid as
,pul m the property cost them The agents state th"t
the repo-ts that their Company bankrupt arc enItF
flsc The owners all Of great wealth ana u was
becse they did not want 10 run the line at lors tldt
,he eed to consolidate with the other line inc proO-
silon which was made by the Eagle line 10 the other
Coul,any came from Hamburg yesterday. II was Ac-
ceDid M the latter corporation, and formed the bas" OF
the consolidation The translation Of the more Important
part Of the original German text - as follows
Al be close Of our annual report at the general meet
ing Of the 3Oth OF April Of Last year we eAne79u Wv
business between the two continents anu uuI
ing The Of the year 10 Obtan ErIy shfrt'sI i
suit. III oOBing back far as that date We are an. 10
affirm bot sides 81 the ocean our me S Won Ol
itself universal recognition. ana Las taken li.l - s,c
in cpnvt wing freighG and passengers nu'wit'is LII
The difficulty that not yet IN c0ndtl"h 10 run
orr vs.eis regularly every gnt days as we IrpOi1od
10 Won at our general meeting Of september last no Iu
prov cIncut Wa yei pelccpliDe' di'41uS4. ,t 49,
ALREADY increase Of buhncss. Tie HtlSl' business
from Ncwl orG to THE place which heavily io',ded our
dTr,u, a temporary Of freight rates IL
produced proport.O natoly good profits. bual mes,
uniavDrsl1c. and although iiics were graz ~ 40
wa omen impossible % ma sunccht ianIhS ioi our ~
sels The only way t0 compensate loI '.o 49,. ~ ~,
ia frlc would have been To RAISE tle prices OI pa
$40 nns the usual passenger rates but We "cio h",
well aide passenger rates ana t'hobn III i
yors, the Number vi passengers were very eOh''ueI
able. me profits were not very great. , - .. ,
Nnue 81 the VOYAGES last year yielded any gains ana
on .rvtr uccaslsns suffered cOnsdciaDic l77' Az
seriously considering the matter, we came 10 Hr COni
sion that u 20 the interest o our
cultir, through which both have passed Last Autumn
our nth large steamship klopsiocA was cpnpie'ed anu
Tins year the SlXth NcSs'i me Zen al M,
receive VIII be the leland lAo LtO
DOR Enrncf having been LEFT with the builders Al our
ves-ets given us great satisfaction tSpclay hd
isffny Is tHc patent Iirsch screw, when CAUSES inuc
les, vibration of the ship inc price Oh con- hss S
pro3tv reduced during the LAST year ioIlunh''y We
made no long contracts buying our coa ~ we hrtucu IL
During tins 20 voyages accomplished ny our Vcsr'is
daring tho last year, they carried ne loiioMns ~
noS 1ooTnt Of messengers and freight: OalSUlh oOof,
OI which 81 cabin passcbgeis feu 4S, -.'oo, "a
which 100 CABIN pde-rilSeis. ou,5oit,9 $500
I3jss t,u,: incoming freight, 25153 Ons- me I,ciss
ami uassenger Tectlpts these voyages 1hOuhtou ~
2li5fOl ~ marks and We also receiver 40, ca .e &
mails 10000 marks. Our vessels vert "ls.n t ms
sUned 10y the UnItcd .t4cs PosOice 10 cni} ,,s
tr4Iia- iap:uese mails ~ England ana INC ,
preference 10 English e'eanefs' "Acn iei' y" '
kIIno days ~itA ours ..-... e.o,.-,..,