Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-03-01
BOAT ON THE RIVER
To Garry Passengers freisat and
k4eQEszoEs.
elpTiD sIItHELL lsO BIS PLAYS
fasl.. Ft.sx.. B4f sat Fsasiss Regard
tas sastsaEsSa "a tbs SEaad Nil
tas sisi seas ~ SE4aa k@P4as
faks 5000 azsEs sts<k

lEzt Efsss city > 10 have AS# Ahd
masn neent fre gnt. passenger ana sx-
eurs.oa boat of IA inches dfsgot Of
s@tsF hght ard iset boaded GA Grand
rayers seems Bo~ - De a toFegons eon-
eiusioa- A company i icing formed
- provide the neee ssary capital and Tie
stock Is being subscribed for at the Of
Zee or Tsteam 4 Blair. wldaieomb
block. There ougat 10 be no difficulty
IA securing the necessary funds, Tor II
figures 90 foF anything the investment
vii DC very advantageous aud re-
muneEative one. Prom these tso
points the project ought 10 al once
meet with the hearty support, not only
OF our prominent business men, but all
those who take an interest ia the pros
perty OF the city. The navigation OF
the river by q properly equipped boat
and one that the citizens generally
would take q pride IN and cordially
support has long been desired. II has,
however, been heretofore considered
between Grand Rapids and Grand
Haven and is shallOwness IN parts we're
lnsurmOuntable difficulties IN the WAY.
These impedaments, II IS claimed. can
be easily overcome by Capt. j. NJ.
Mitchell, with boat constructed Tor
the express purpose or navigating
tue river, and SO transporting
with cheapness and dispatch both
passengers and freight between this
point and Grand Haven. and also pro-
viding the plea sure-seekers with pal
ace steamer for moonlight and other
excursions. Ii IS a contamination de-
voutly 10 be wished, and It's early adj
vent IS locked forward To with curiosity
and pleasure. With reference 10 the
scheme As 4 safe and remuncrative in
vestment, glance 1T the figures will
prove lis feasibility. a statement of
the estimated returns and expenses, as
furnished by Capt. Mitchell, Is as fol-
lows: One hundred tons of freight per
day during a season of eight months,
or 20S week days. at cents per 100
pounds, $40, 500; 70 passengers per trip
at 90 cents for the round trip to Grand
Haven, for 20S days, $500; - Sunday
trips 10 Grand Haven, 1000 passengers.
at so cents for round trip, $4,000; 20
evening excursions during the summer
months. an average of 600 passengers.
at % cents for round trip. SIC, 800,
making total gross earnings for each
season, S44 800.
The cost OF running the boat is given
al s75 per day, and the total cost for
the season of 90 days, including twelve
Sundays, would aggregate $4,000, leav-
ing net profit of SOS, 800.
Assuring that these anticipatons
could be realized, that boat which, ac-
cording to the present plans, would cost
less tnan $40, 200, would I've paid for the
first year. And IN the future the stock
holders would receive g very handsome
income on n capital that had already
been returned to them.
1t may be SAID that Capt. Mitchell is
little to sanguine in his expectations,
and If so what investor would not be
satisfied and feel that he had good
/ thing If the boat made only a quarter
! OF such earnings, which would pay over
80 per cent. on the investment? The
monied men of the city should not hes
| itate, therefore, to subscribe the ncccss-
airy capital, $500 more being all that i,
asked of our citizens, so that we mal
| have n handsome, commodious ano
| speedy boat ploughing the waters o.
/ the beautiful Grand river by the open
| ing of the coming summer.
Capt. Mitchell is thoroughly posted
in the navigation of shallow rivers, such
"a the Ohio, Missouri, Red river and the
Upper Mississippi, and has investigated
| the channel of the Grand river at low
water, and as he is investing his own
money in the boat, he thereby gives
+, sufficient guarantee that he can navl-
gate the river between this point and
| Grand Haven. and give satIfaction to
! everybody concerned.