The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-04-08
Tho New steamship Line to shs Pa-

Tho New Steamship Line to this Pa.
ciflc.
The annual meeting Of the Panama Rail.
road Company was held on the Sd Instant,
aud resulted in the election Of the following
directors:
John R. Marshall, Trenor W. Park, Fred.
erick Buttertield (of F. Butterfeld d Co..,
Charles G. FrancklyD, John 2. Jones UNITED
States senator from Nevada), Thomas Clyde
Of the Clyde line of steamships), Samuel Q.
Thompson (presidsnt of the First National
Bank of New York;, Andrew Boardmau, a..
H. Baxter, George A. Hoyt (mansger Of the
PENNSYLVANIA Coal Company, j. G. -McCul-
Tough (late attorney general OF California;,
William P. Clyde (president OF the Panams
Transit Steamship Company, and John NJ.
Burke.
The new Board OF Directors organized yes
terday By unanimously electiDg J. w. Park
president, j. G. Mccullough vice.president,
and w. j. Emmet secretary and treasurer.
The Board decided to take immediate and ef.
fectiye measures against the Pacific Mail
Company to recover S400, 1000 due the Gem.
pany. As they had failed after every effort
to collect it, the quarterly dividend OF three
per cent, amounting to 92lO,000, must be
passed on that account.
The new Board gives the Panama Transit
Company, the Panama railroad line OF
steamers, and Pacific Mail rival, a large
representation. This, coupled with the
fact OF the hostile notice, accounts for the
depression in the stock of the Pacific Mail
Company. Following is the notice:
"On and after the Sd day OF April. or from
this date, all freight and passengers from The
port OF New York to the port Of San Fran
10, <,fC Gan FronN n
the port of New York, which shall leave
either port by any Of your steamers after
that date I'D Of April), to be delivered to this
company for transportation across the 18th.
mus, will be charged for according to the
current existing local tariff rates, the same as
charged to others for similar services, and
that in like manner your company will be
charged for ligkterage service at Panama at
the same rates as is charged others by this
company for similar service and further, in
view OF the fact that your company is now
so largely in arrears to this company for such
service in the past, you are hereby further
notified that payment in advance Will be de.
manded on the Isthmus before receiving, or
transporting, or lghtering any freight or
passengers delivered by your company to
this company to be forwarded from the port
of New York to the port OF San Francisco,
and from the port Of San Francisco to the
port of New York"
If this is-carried out to it's fullest extent it
will of course seriously embarrass the Pa
cIic Mail Steamship Company, as 1t will be
| almost an embargo, precluding its doing ousl.
ness, Application to the officers Of the Pa
cifc Mail Company elected the statement
that they bad received the notice, but owing
| to the fact that they had held no consultation
| they we're not prepared to make any state
| ment in relation to the matter.
The steamship Crescent City, 300 tons
! burthep, will iuaugurate the business OF the
Panama Transit Steamship Company, leaving
New York on the Goth of this month";
Philadelphia North american.