New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-22
PACIFIC MAIL PROSPERITY.

FOREIGN SUBSIDIES SECURED.
OVER 100000 TO BE PAID THE COMPANY ANU
ALLY BY MEXICO AND CENTRAL AMERICAN
NATIONs-MoNTHLY TRIPS BETWEEN SYDNEY
AUSTRALIA, AND SAN FRANCISCO TO BE MADE
THE AUSTRALIAN GOVERNMENT TO GIVE $45O,-
OOO-FAvORABLE CONTRACTS WITH THE PACIFIC
RAILROADS AND THE OCCIDENTAL AND ohi
ENTAIL STEAMSHIP COMPANY.
Pacific Mail stock yesterday astonished Wall
s by advancing from 33l-the price at the opening-to
37lo the highest and closing quotations OF the day.
Many theories started to account for the
among them, based the proposed sale Oh the nS
or China and Japan branch Of the Pachc Man service W
the japanese Government Other rumors were 10 'e e
that profitable mail contracts had been maae' "ch
would greatly benefit the Company. Inquiry last even
ing among directors Of the Company elected 'he io
lowing statement of facts
Some time ago the present officers OF the Company sent
an agent named Tsdale TO negotiate with the MEXICAN
and Central american republics for subsidies on account
Of the continuation OF the present steamship ser'oc'
He has Just returned and reports that he mas hauc con-
tracts with these Governments and the Company Is 10
receive the following subsidies per annum In gold FROM
Costa Rica $4,000; from Nicaragua, $4,000 from
Honduras $4,000; from Salvador $4,000; from
Guatemala, $4,000; from Mexico, Sco'ooo' to'ai'
S1O7 900 in gold Mr.. Tisdale also made arrangements
TO recover 10000 in gold from tae Mexican Goveihmeh'
due for the past services OF the Company
telegraphc dispatches from England announcing that
preliminary contract with the Australian Government
had been signed for monthly mail service between
Sydney, Australia and San Francisco, WHEREBY Tue "
cifc Mail Company is 10 earn subsidy OF Pei
annu,n To cap the climax OF the several combinations
IL was further announced that the Paeinc Mai
and Occidental and Oriental Steamship Compa-
uies and the Central and Union Pacific Railroad
Companies had formed compact WHEREBY the
mail Messenger and freight service between emma
japan, San Francisco, and New-iork should DC per
formed as follows: The Pacific Mail Company now re-
ceivcs IN annual subsidy of 100000 for performance
monthly mail service between China and San Francisco
The Company gives a scmi-nOntbly service, when was
begun at the time Of the granting of the additional SUD
sidv by the Unfed states. This latter subsidy
WAS Withdrawn, hut the Pacific Mail 'ohi-
pany still continued To perform the service IL II
now arranged that the Pacific Mail Company snail ohy
perform monthly service and the Occidental ana ori
entail Company like service The Vesseis o' 'ne '"o
Companies sailing alternate intervals of about hftech
DAYS will make "a semimonthly line between
China and the United States. The steamers VIII
all run in connection with tho Pacific hili-
rod, aud the Pacific Mail Company anu 'n'
railroads will divide the earnings the through tea anu
other business between China and the United States one
half going 10 the steamship company and oneaf TO the
railroads The railroad companies also agree 10 guarantee
600 tons of freight emDonthy to the coast steamers OF
the Pacific Mail This freight viii be OF heavy or Duiky
character and require speed in Its tansnlssio'
The Pacific Mail steamers, which are thuS lei'aeeu ~
this arrangement from the China service VIII pe
placed on the Australian branch OF the iine' ana
will ply between Sydney and San Francisco
Dspatches from the persons representing the
Pacific Mail Company yesterday stated that the
preliminary contract with the Australian Govern
ment had been signed and that the regular formal con-
tract would transmitted by mail to receive the sigma
lures and seals Of the officers OF the company DIS
matches received from san Francisco state that the zen
tra Pacific directors ratified the contract with the
Pacific Mail in so far as concerns their Company.
yICE-pREsIDENT SCOTS STATEMENTS.
George s Scott the Vice-Presidcnt OF Pacific NALL In
explanation of the events Of the day. said last evening
that subsidies had been obtained from the Mexican ana
Central American republics that will secure to the Pachc
Mail steamship Company a revenue of between $4,000
and 900 per annun about $4,000 of when II lo
the Mexican Government alone. The greatest ad-
vantage of the contract with these countries
will be in the exclusive coasng trade OF the Pachc
shore which will greatly add TO the revenues OF 'he
Company. The terms that have been agreed upon WIN
the Australian Government for carrying the mails are
as995O for twelve round trips This however, Is only a
small part Of the advantages Of the arrangement with
the Australian Government. very large passenger
traffic hound for England will take this line i'll prefer
cnce TO the old by way OF TIE Red sea ana TIC ou@
Canal as is six days quicker and far more pleasant io
Travellers by 1t they avoid the hot winds OF inc heu
Sea passage. Many of the Australians have complained
that the atmosphere of the Red Sea- during certain sea
SONS OF the year sufcang in consequence OF the
heat that vessels have been compelled to put back
for 81 hours relieve the sucrings Of the passenger
Inv way of san Francisco; and The larger porsn If not
lie Whole OF the travel 10 England will come by way OF
The United States. The arrangements that nave bcen
made IrtWecn the Pacific Mail Steamship Company and
the Union and Central Pacific Railway COMPANIES;
added Mr. scott, have been such us VIII add
greatly TO the revenues OF the former Com
Iapv Heretofore the carrying OF teas has been almost
If moi quite loss. and Certainly no pr0n Ia the steam
sp COMPANY; but terms have now been made by when
the Pacific Mail Steamship Company VIII realize pI9ht
from this class trade. The people OF the sandwich
Islands were very anxious that arrangements should DO
made TO have both the Australian ana emma steamers
stnn al those islands; but definite plan has been ar
rived at on tins subject, although, without DOUBT the
matter will receive close attention.