The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-03
NEW SrrAMSHrP LINE.



the Panama railroad.
The arrangements for now line to run
In connection with the Panama Railroad 20 $ IN
Francisco, and IN opposition to the Pacific NAN
Steamship Comp ny, were completed yesterday.
The injlnc ION now existing against such line,
It ia claimed, will have No effect, the lac will
be run ~ an independent company between
here aud Asplnwall, aud Panama ana N Fran
cisco In reali'y, however. II will sustain the
same connection with the Panama road that the
Pacific Mail steamship Company does now II
is AID IN t Jay Goula Is aware of this arrange
meut, and the heavy decline or a dun market in
pacdc Mail stock Of nearly two per cent. points
t. the truth II the rumor. The street geuer lly,
however. was unaware Of such an arrangement
no g. the hour II eli sing and the cause Of the
decline was q myst ry TO ~ but the high con-
ira ting parties and very few intimate ficnds.
l4e tuutr 90 I the Il W linz was made Oc-
tween fhs ID 70 tors Of The Panama K ilroad,
re o ted by Trtn w. p re- an others, n
the uns II nd, nuh Arssr-. W. T. ana lhuW =
q De. ste .m.hia owners. nd Fred rick But
I RI ID, wealthy diy goods merchant, on the
In The contract the Panama hlilroaa ruoran-
tee trei iht hud pt-senser-. At price 1rd m SUI
ncicnt quantities - an lrd the owners e tho
vessels Engaged IN The tr M cert ia in crest
on t1rtr Investment, tho Ntct percentage being
as set imuos.ible TO ASCERTAIN. NJ stc lWship
comp ny Is To- be- stocNe1 Tor Sl,3j Loo, IL Witch
the oNners aie To get une-thir 1, or SkNOO In
r Ock md IN hhsis the steamers CONFUSING tho
lire a-c I. ID 10 be thu following; Columbus,
Gre cent Guy, South Carolina, Georgia, and
Ciy de.
burden, aud " " hui't ~ 1873. Sue Il a, ir'sent
owned by the Clydes Is in the ~ ma trade,
and ~ estimated WORTH about $4,000. The
Crescent CRY l. i3l tons burden, and was built
i'm Bostrn In 1871 She was formerly known as
thu Massachusetts. and was ovc thaued ana
lenyfheued n few wears 20. Her value Il about
kl'O,@0. lne South Carolina W - built IN l~i3'
for the United state, Cove nment. @ ~ 4
then known az the Winnipeg, ana was light
draucht 81 e-wreel Gunboat. She was sold ~
the G. YeTnmcnt to hcr present owners Tor about
5000, ami WIS altered 70 prup cler. Tine
GEORGIA Is sister sh p % the south carolina,
and was also built bY the United SLtto' Govern
| uent at the eHme Time. she was nrginaliv
chrIstened the Suain okln, and was sold at about
the same time as the SOu'h Carolina, ana for
| about the same H. res. BIfh are at present m
the Charles IN trade, The Clyde IS LOO ton
formerly in the G. weston trade. She Is esti-
mated to be worth SllOOOj.
The $G.l,tOo al wuicn all the steamers are
rated, however, II would be impossible o. oh
| tain Ht an actual sale. and the SijOUD cash re-
| ceyed m the trans elton ts conNiered GOOD
price, leaving IN" 81 O01 "a took IA fair N ar
Elm In prolt. II is runOred that the new st' am
! snip compauN ARE IN treaty Tor O" large nearly
| 70 be used on tnc T. ellie coast.
There are other conditions OF the contract
! between tAc l. ,,lc NJ IL and tno above named
steamship owners, tut at late hour l. 81 uig II
| IL was impOl sInle e. ascertain them.
! Mr.. IrcuOr a. Park OF TIE panama Railroad
| Mr.. o. q ger, Gen. often, United Sta'cs Army
] the Original suryeyOr and engineer 81 the Fan
| anna Railroad, and MIR. clyde, Jr., all lett on
| Tuesday on the steamer Colon for Aspinwall 10
make arr 'nremenis for the transfer Of phssen
| GERS and freight across the lsthmus 10 Panama
| and rom thence TO san Francisco,
| Tue new line WEI, 10 Is laid, de pa Oh steam
er ~ Aspinwall wllhin the next thirty days.