The Indiana State sentinel., 1880-12-29
\ CHIoIERTCAL PROJECT.
The Plan of Using the Great Eastern Il
Carry Dressed Meat to England.

\ New York special says that Company
has been formed in London under the name
of the Great Eastern Fresh Meat Company.
The Directors arc all business men. promi-
nent in railroad and steamship circles. The
object of the Company is to bring fresh
meat by the cold. dry air system of refriger-
alton from the direct sources of supply on
the American seaboard and elsewhere TO the
United Kingdom, and in this way avoid the
difficulties attendant on the importation of
live cattle. The Directors say that they
have chartered the steamer Great Eastern
for ten years. They think this enormous
steamer, which is % COO tons burden, pecu-
liarly well adapted to their business. The
Directors say il is estimated that the vessel
Will carry each voyage 10000 to $1,000 car
cases of beef, all hung, say 1900 to 1900
tons of meat. besides a general cargo, and
live cattle, if deemed advisable. The Direc-
tors have reason TO expect no difficulty in
diSpOsing of the entire eargoes "for arrival
but in case of not being so disposed, it will
not be necessary to put the whole quantity
of meat on the market at once, as it will
be stored in the refrigerators on
board the ship. But, considering
the enormous consumption of beef in the
United Kingdom, estimated at $4,000 tons
annually, or $4,000 tons per week the
Directors believe that through the meat men
in seOeral of the large consuming centerS Of
England, each cargo can be very speedily
cleared off The use OF abbatOirs, the Di-
rectOrs say, has further been offered them at
almost nominal rates, but they intend to
have the cattle slaughtered on board the
Great Eastern. The Directors say they are
satisfied after the payment OF all charges,
and after allowing an ample margin for loss
of weight and spoiled meat beef of prime
quality can be delivered at three pence per
pound and readily sold far beyond the carry
ing abilities of the Great Eastern, without
affecting the market. AT present beef of
this quality brings five and half pence per
pound. The estimate. OF profit is on a basis
of only l., 600 tons ANNUALLY. and, as the
business is conducted on cash basis the
investors are assured by the advertisement
that profits will be divided at short intervals
No promotion money" for floating the
stock will be paid, but instead the founders
of the Company viii receive two-tenths of
the surplus profits, after the stockholders
have received dividend OF 10 per cent, and
the Directors will receive a remuneration Of
one tenth in the same way.
The Directors, in conclusion, say: "The
Directors have carefully considered the pro-
ject in all its bearings, and, being well adj
vised on the subject, feel assured that the
impetus which this movement will give to
the demand for fresh meat from the direct
sources of supply will be such that plenti-
ful supply of suitable cattle will at all times
be available, and instead OF one vessel OF the
capacity of the Great Eastern, they will ul-
timately require much larger service, so
as to lay down a cargo Of 1000 or 5000 tons
weekly" gt1
To learn what was thought of the plan a
World reporter called on Mr.. Z. G. Eastman,
the pioneer in the business OF exporting beef