Savannah morning news. [volume] (Savannah) 1868-1887, 1886-10-14
DIRECT LINE TO EUROPE.
THE FREE TRADING AND BANK
ING COMPANY'S SCHEME.

A Line of Steamships Between Savnn-
nah and N@ighhoring Porte and the
Principal European Forts to be Estab b.
lished Next Month--W hat the Compa-
ny's Plans Contemplate.
A corporation known as the Free
/ Trading and Banking Company has just
been formed In England for "the promo
ton of direct free trading bet Seeu the
principal ports Of Europe and the South
ern and Western States of America,
throug Oh the South Atlantic ports"
TIE company has a capital of
t55O,OOo ($2, 100000. Savannah, Charles
ton, Brunswick, and Port Royal
are the four South Atlantic ports
through which the company will
do its business on this side, and Savan-
nah will be the main port. The compa-
ny's purpose is to handle all the trade it
can between Europe aud the South and
West over a direct line TO be controlled
by the company.
At present an immense amount OF the
trade Of the Southern and Western States
goes around by Baltimore. Philadelphia.
New York and Boston. With line from
Savannah to Europe direct, time and
freight will be saved.
ADIRECT LINE.
A gentleman who is taking an interest
in the progress of the company, remarked
yesterday that lowing to the extension
and consolidation OF the trunk railways
between the interior of the Southern and
Western states OF America and the South
Atlantic ports, ana the commercial, Rgrl-
cultural, mining and manufacturing de-
velopments now existing In those States
requiring new inlets and outlets for their
increasing export and import traffic. the
south Atlantic ports are the natural gates
through which such commercial inter-
change with foreign countries should
directly flow, without being tributary as
at present, to the Northern ports. The
South Atlantic ports being in temperate
climate at all seasons OF the year, are
most accessible and are permanently
open to navigation, while the transatlan-
tic passage between those ports and
Europe is free from the dangerous ice
berRs, fogs and heavy storms encountered
In the northern passage"
THE COMPANY DIRECT AGENT.
1t is therefore proposed by this COM
pany to open through direct commercial
intercourse between the exporters and
importers or producers and consumers of
the interior of the United States and Eu-
rope, by the company acting as direct
agents between them, in such transac-
tions, and controlling all sde means of
shipping accommodations by the owner
ship OF steamships, railway freight cars,
docks, wharves, warehouses, grain ele-
vators, cotton presses, lands, etc. The
banking department will make advances
on consignments for freights, warehous-
ing, insurance and general forwarding
charges.
The company will undertake to promote
and foster the immigration of European
colonists to locate and contribute to the
general improvement Of the commercial,
agricultural, mining and manufacturing
resources OF the Southern and Western
States.
ADVANTAGE OF SOUTHERN PORTS.
Owing to the geographical position of
the South Atlantic ports in connection
with the interior of the United States,
being at shorter distance to those princI-
pal centres of production and manufac-
lures than from the more nOrtherly ports
by an average of from 10 to % and even 30
per cent. difference in the distances in IA
yor OF the South Atlantic ports, will al
ways enable the company to carry its
through direct traffic at lower cost to
their consignors or clients than can be
done in New York. Boston, Philadelphia
or Baltimore, as nothing can compete ia
tuting the management of the commercial
operations of the company.
TO OPEN NEXT MONTH.
The company expects TO establish regu-
lar lines of superior steamships some
time next month between the principal
ports OF England. Germany, Holland,
France, Spain and Italy, and the four
South Atlantic ports above named. No
trouble will be had III obtaining ships to
start with, and IL the PROJECT promises
success swift passenger steamers Will be
bought or built. The projectors believe
in owning their own cars, and they will
| build or buy oars. The Central Railroad
| Bank will most likely do the banking
business for the company in Savannah, as
the Central railroad, 1t is stated, will be
closely interested in the company's trade.
For much of the time during three
months OF winter the railroads between
the West and New York and otner North
| ern cities are blookaded by snow, and
trade stops. No such difficulty is expe-
rIepced on the trunk lines between the
South Atlantic ports and the West.