The New York herald., 1878-03-15
AMERICAN ENTERPRISE.

THE EMPEROR ALEXANDER SIGNS CHARTER
CoNFERRING UPON NEW YORK CAPITALISTS
THE RIGHT TO ERECT AND OPERATE GRAIN
ELEVATORS THROUGHOUT THE EMPIRE.
Several New York capitalists nearly ali Of whom
are In the grain elevators OF this city, have
during the past year organized association Tor the
the Russian Empire.
The following despatch received In this city
ST. PErERsBU URG, March H. 1878.
The Emperor OF Russia mas signed charter author
iziug L. b shaw. K. g. Burgess, T. b. Lane and otler
New York capitalists to erect and operate gram ele-
vators throughout the Empire
The continuance of the Turkish war somewhat re-
tarded the negotiations OF their representative at ST.
Petersburg but since conclusion Of peace cabo
telegram has from him to the effect that
the Russian Emperor lad signed the charter Tor that
purpose Among the gentlemen thus engaged IN fur
ther ng this enterprise Russia Messrs L. B. Shaw
E. e. Burgess 4. b. Lane andS e. Cari retired capital
lists who have travelled considerably abroad and have
the detects in handng grain, especially at Rus
sian ports.
.Russia isQuite enterprising" said OF the gen.
tlemen who conversed this subject last evening.
ssbut the manner in which they handle grain over
there is sili far behind The age With the elevators
which It Is proposed 10 erect there The work that
takes them now three or four days Will De done In as
many hours. They are great friends Of tins country
and great partIsans OF American labor saving a
paratus The grant We have asked ior and, as IL APP
pears now, obtained, covers the Baltic ports as well
as those on the Black Sea; in iact wherever gram
Is handled throughout the Russian Empire 1t is not
a lree couniry like TINS, and people cannot 60 there
ana institute reforms o tnat KIND or erect even
vators, without governmental permission. That We
have now obtained, though OF course the eftcial
documents bearing on this subject have not yet
reached us, nor do we expect them until the end OF
The month, when We can also tell Tor how long a
time-whclher tor 1ity years OF lcss-tho grant has
been conferred
EFFECT OF THE GRANT
he Importance oi this grant lies n the fact that 1t
enables to erect and oporaie these elevators with
being cred with by other parties, aud projects
against lmtators, VINO might at some future titne
Inc plea OF sight improvements, upset our enter
PRISE A government grant there has all the force OF
patent and our grant may confer still further priv
ieges vet unknown to us. II is purely, however,
a matter OF private enterprise, and concerns only
a lew American capitalists whose attention was some
grain there Our representative has been over
there about year, aud II Is iuly a week since We
heard from him by cable that the Emperor had signed
the grant We are surprised TO see that you gcntic-
men OF the press have heard oil this matter, as we
have sought publicity ana have always considered
il prvaie enterprise OF no interest," 10 the public ut
large though OF course IL is always pleasant TO note
whenever American Ingenuity finds encouragement
In foreign countries"
In reply TO a question as to the amount of capital
invested In tins Russian enterprise, The gentleman
that Tor the present he preferred not to reveal
perfectly Hing to give all Information whenever the
Official documents should have peen received about
the 25th 2Sth inst. or one thing he assured tho
writer that the gentlemen now Interested In this mat
had all the means at their command, not only for
erecting, but also Tor operating, all the elevators
qured throughout Russia, ana that in tho prosecution
OF their work they would give good account Of
themselves.