New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-30
HOW ABOUT BRAZIL SIEAMEhSI
RUMoRs REGARDING A NEW LINE.
SOME PEOPLE THINK THERE ARE sTEAMERs
OLD ENOUGH NOVA TALK on
THE SUBJECT.

THE SUBJECT.
The old report that a new steamship line was about
m he organized TO ply between New-lork CITY ana
brazilian ports in competition with those Mredy en-
listing was published again yesterday WIN soih0
additions one being that the preliminary organization
of tho company which wants to be known as the Brazil
and New York Steamship Company, had alreauS
been effected and that the president was cX1uuso
A. T. Di,tenhoefer. Then there was long statement
from, A H. de Paula Coeho, a Brazilian, who has
boen active for some time In endeavOrng TO form
such company in which he IS represented as saying
that capitalists Of Brazil have been "clamOrng lor
steamship communication with the United states ana
that the Brazilian Government would not only SUD
sidIze snch company but would also guarantee at
least five pcr cent interest on the stock OF such
concern II he we're correctly reported Mr. de Coelho
upst have forgotten that there already at least
four lines OF steamers running regularly TO Brazil
for he said according to the report that there ID
feyersb anxiety on the part OF business men theo'
and America will never regret that she had the go
obout her which organized the first steamship nhe 10
nrazilp Ex-Judge Dtenhoefer denied yesterday that
even a preliminary organization had been ehecteu lie
e.id he had been approached with an invitation 10
examine the project, and that he thought laVo'loy
of IL as far as his invest legations had gone Dut nc IT'D"
not vet gone into details and knew nothing per
sonaIy about the subsidy or guarantee sald 10 nave
been promised by tho Brazilian Government. "hoil
whether
eight sailing vessels TO be built, he said that
was part Of the details Of the plan which he had
no. examined William NJ WINS, of the United states
and Brazil Mail Steamship Company, was seen IN re-
gard to the feasibility and need Of new line lie
said
Last year there we're about 100000 tons Of freig,
moved by steam from the Northern ports OF the Unied
etStes IN Brazil There are already engaged In this
trade the United states and Brazil Mall Line OF hew
York the Sloman Line Of New York, Lamport nUiE
II NJ Enpl
dephia consisting Of vessels which belong 10 tne o
or are chartered but all foreign yes e and two
lines to the northern Brazilian ports and the Alad .
Te sr are al 9eS d ID p veil Last year ali
o hard struggle for profits, and some marc sVlnsse
TOR dD spd the other lines are now dspachng fewer
vessels than they did last year WIN t exeepton "
niShtlv departures from New-york and Newport News
two OF whose entirely new and The largest
buf one on the American register The fact Is, J ar
enary since the collapse in the Argentine, that there
Is now great supe1bundance OF tonnage ehedsen ~
the Brazilian trade. This ard the low late Oh o ggs
large shipments from both this country and Europe
and the absence Of dock lightemgs ana storage
santos which Is phenomenal In each OF these poris
there are considerably over 100000 tons OF go9us
and lighters which cannot be discharged or cleared
through the Custom House because OF want OF fscues
and delays In the administration
Our officers report that at time during the last
September one company alone had twentyslX VeSseis
living In the harbor OF RIO winch tey cOulu lot us
charge and some OF which had been lying there on
demurrage for four or hye months II the loP pr
which came from Santos the other day be true tht
hereafter owing to the prevalence OF ever an NeSses
will be ordered into the stream botn to DISCHARGE anu
had then the condition OF things will be even worse
than at present. Under these circumstances canh9t
he ieve that any practical steamship man serlVisH
contempates laying on new he ana OF sum lal5e
in ouestion. To entite such line to an Atner1caI
Subsidy would have to be American built With such
"A number Of vessels. In view OF the amount OF WVIk
now doing in the shipyaTd. IL would require q huhIoe
II wears and the feet could only be built at cost OF
several millions OF dollars To operate IL IN con
formty with tie requirements Of the Postonice mere
would leave profit in the subsidy llsen, anu . vc
line therefore would have to 1--we on its proht from
ircights and passenger moneys, and~-~o earn suci
nr0ats IL would have to enter into competition Wltl
The lines already in existence, and In Held IN WHICH
the competition is already so great because o .'o
supply OF tonnage as to leave an extremely narrow
margin OF profit. To double the tonnage would not
double the trade. ii Won simply, through comPeuuoh'
reduce the rates and ships would run half full. -,
As to the Brazilian government sISlidMs n thSi
our company always receives subsidy from Una.
Government for the services described We undersuaiu
that the Government is satisfied and see no reason 20.
IL is not Hlsy TO at this time when its currency has
been deba ed when exchange Is lower tnan ever
before in its history. and when the NATIONAL nnanCes
Rny Darbosa the Minister II Finance. 70 Mt MayrInk
ard his Banco Rationale b. Issue 90 GoOVyU stsriInS
OF lrredesmabe paper money II the Englslmah aIG
the German cOIld be got out OF tne WaV' we SHouIS
as the competition WITH Such a Inc "oulu Do y" i"
mora even terms for us. . .,, T., pto tho
Going back to the position Of things In RIO, me
business is improbable at present as nrlpenS -
ability 10 DISCHARGE and demurrage, that Our dst ~
vires from Rio state thar the two knghsh INES. l'
Povoi Nail and Pacific steam NAVIGATION company
are for the present declining 10 take hlo freight