The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1890-02-22
RIVER NAVIGATION
The Representative OF the TStw
Navigation Company in
st. Joseph.
sixty Boats 10 be Placed on che
Rivers Between Pittsburg and
OHaha-Backe ed by Big Capi-
IaIists-The Plans of the
Company and tho Prob
able Result,

From the 81. 10. Herald, Feb. 16.l
A telegram sent out from Kansas
City and published in the Friday morn.
ing newspapers made brief mention OF
tho organization OF the Merchants
River Freight Line Navigation Com
pany, which is To do business Oh the
rivers between Pittsburg, Pa, and
Omaha, Neb.
a prominent representative of the
new company is IN st. Joseph and was
seen by reporter for the Herald last
night.
''"e have tried to keep the detail-
OF our organization away from the
newspapers until what we should deem
the proper time to make them public.
| do not care to appear too prominently
IN the newspapers in connection with
the enterprise at this time, and If you
will do me the favor not to mention
my name in whatever you may write
about 1t l will tell you as much as |
think ought, 10 appear now, and il will
he correct and more than has heretofore
been published.
TO begin with, the association will
be known as The Merchants River
Freight Line Navigation Company.
The capital stock is 30 900 900, divided
into 50 900 shares as follows: Twenty.
| five thousand ten per cent. preference
shares of 800 each, and twenty five
thousand ordinary shares at 800 each.
| The interest dividends on the prefer
ence shares will be paid half yearly.
upon the first day OF September and
the first day Of March each year, CON-
nencing September /, 1891. The
shares will be payable 80 per share on
] application.Sl5p per share on allotment,
go per share OIL January l, 1891, $2O
per share on March l, 1891, $40 per
share May /, 1891. $40 per share Jul,
| |, 1891, thus by easy degrees paying
the 800, or the whole may be paid up
on allotment, emitting the owner iu
the dividends pro rata on the amount
paid up. The dividends Oh the ordi-
nary shares are to be raid yearly ,on the
first day of January OF each year, com
mencing January l, 1892. This CON-
pany has been formed for the purpose
of conveying freight from Pittsburg,
Pa, TO Omaha, Neb., and all interme
diate points on the Ohio, Mississippi
and Missouri rivers, making q complete
river steamboat line from the east to
the west from Pi,tsburg via Cincinnati,
Louisville, Cairo, st. Louis, Kansas
City, Leavenworth, Atcbison, st. Jo.
seph, Council Bluffs aud Omaha and
all intervening points.
| "under the management OF this asso
citation it is intended to carry freight
between these points at a minimum
rate of Is cents per hundred pounds
for all consignments Of ten hundred
pounds and over, but 10 small consign
ineBts taken for less than 25 cents pei
hundred, unless paid for rs ten hun.
dred pounds at the Is cent rate; and
not less than 5 cents per hundred
pounds for shcI distances from inter.
vening points.
.It is believed that by reason OF the
economies and reforms effected in the
management of river navigation, with
light draught steam boats aud freigh,
barges, that profit will be at ouce
realized CT at least 20 per cent. per
annum, and that the increase each sue.
cessive year will pay bonus OF 90 pei
cent ezra.
"One steam boat will leave wharf
the trip from Pittsburg, Pa i, TO Omaha
Neb., in fifteen days, and from Oman,
to Pittsburg in fourteen days, givius
time at each landing for the transfer o
freight.
"The property Of this association viii
consist Of:
GO light draught. extra fast.
freight steamboats,, ut u cost
Of $4,000 each. ...... ....ss.OOO 900 Q
; 800 fiat botto n, light draught
barges, with tarpaulin covers,
at $4,000 each. ............. 1,O5O.rOO Q
Insurance. ..................... 6O0,0 900 I
/ sary points. ................ 100000 {
penses.. ...................... 10000 {
| To,.I IN mo nnn 4