New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-05
A PAN-AMERICAN COMPANY.
IT'S PLANS FOR TRADE WITH THE SOUTHERN
REPUBLICS.
CLEANERS TO PLY FROM TEXAS. ALABAMA AMI
FLORIDA poRTs-ITs EXTENSIVE POWERS
AUTHORIZED AND ITS CAPITAL
s1oo. 600. 600.
tpy TELEGRAPH TO THE TRIBUNE


Chicago. Aug. 4.-The officers and directors Oh Wv
American Transportation Company are stlii III s
e,on here Their conferences are secret Inc oo"'
n,nv was chartered last February under the laws u
Alabama but proposes to have Its general oilces III ~
citv The concern organized for the oeNeiopiN.
ond carving on Of trade between the leNas' fio'i
ond Alabama coasts and tho South Amercah Hep"o
tics A eapital stock of 100000 is provideu Iol
,n tbe charter which allows this 10 be Increased ~
100 600 600. The directors Of the company eso',
thar all Of the first ~ 100000 has been suosc'o'u
,o- and nearly all paid in This amount must Do III
hond before the company is allowed TO beslh Ous,
moss The remaining 100000 is not yet Oh w.
market and the directors appear somewhat ui'u
how 10 place IT there. The officers OF the com.
many are not particularly we'll known, but 'ney
TINT they are backed by ample capital VIM w
hackers they decline to state giving ns .hin
tbc fact that powerful railroad may organize WITHIN
itself company for the establishment OF It's own ne7
Of steamers, which will compete with the Pan-Arc''"'
for the CARRYING of the United states mails ,
II is thought that at least one railroad Is pen w
Pan American, as some OF It's oincers "ro s'iu
connected with the Santa Fe. j. b. Ciarh, pres''
the Novelty Card Company of Chicago, Is ,ile
Of the new company; H. C. Ruttan, OF Cmo'so w,
president; F. J.. Dana, a real estate oeaieI y,
weston and formerly of Denver secretary Dr W. w.
Kulp OF Davenport Iowa, treasurer. TIC hu"uo'S
directors are Howell Jones, Iopeha ""'e, "
nenn a specuI,t6r of Mobile; Gaylord CiarR' d"
attorney of the city A. Gray, OF ,'"oa - ''
A. p Chamberlain, Of Davenport Iowa.
cornorators comprise these and Leon Blum ana W. a,
vins MERCHANTS OF Galveston, Walter Gresham, all
attorney Of the same city, and Judge Carroii, Oh
nortop Tex All of these were among the III
corporators when an effort was made 10 sc'u'0
National charter from the last Congress lio oop"'
assert that the thirteen original lncorpora'oi' 'f
sentcd personally S24, OOo,VOo' ,,
II was stated at first that twenty steel s'ea"S'p.
nu,d ot once be constructed By the company ana az
49,. -, limos he I'm operation to various South
,oscan norts within three years. The last Oh these
m,.t he in operation by that time under the PROV
sons ~ the act bat it now appears thaV up' ~"
move of the company will be to purchase se'o inv.
hand ships OF the second class q porVioi VI a.
81 600 900 being used for this purpose IL WIN ~
ward be decided whether to construct anS u w
srs. class or not. 1t IS stated that galveston anu
.r.,ro will he the ports for three steamship lines
aoch and New-Oreans and Mobile for at least one
zach The company has as yet made no arrahsenio ~.
for entering the south American ports Dut Say " "
tends 70 send representatives there LOT ina. ppo'o
The charter Is a most liberal one ana gives uo 80
N construct, buy and operate raiiroau' 0aoi0' Wv
eraph and telephone lines; TO receive suosi0s
cesslons and CUTS from "o'''
palitles and individuals .-. .,o oetob
,,nnort ~ steamship lines is but small part oi
l,a--r
,oont,c MAN looking TO concessions from the eouono
rennhlos which will ultimately make the company d
r,anonov in the railroad, telegraph and other aAi'
OF those countries. A., - o., .ho
- finished and in operation within three years tne
rras will lie allowed q subsidy under the AcU vi O'n
.ess This subsidy amounts 10 about ~ per ceh' Oh
%. can,tal necessary to equip the vessels ana te
estimates II Will be sufficient TO pay all OIL tl@
running expenses. o.,on ocor,
II has not yet been decided whether another enor'
will be made to obtain National charter Inc onl.e.s
80 mat this is now not necessary, as their previous
ogo-ts which failed because Of their tardness
te,r schene sufficiently TO the attention oil tie mas
,n+ ofBcials 10 insure their receiving an awaru ioi
,o ,arrv,ng of the malls. Secretaries Blame anu
Rusk they assert. as deeply interested IN Wy
Mana rs in that for deep water at Galveston anu ul
tnat now that the latter Is certainty 'he ran
American company should be aided in the enor.
To nse Of the ha1bor. The deepwater cont ;ro
la Gaveston two years ago. and the hrst TciPbo e
r.otv with south America, gave the py,s9nO 49, a.,
~ Tmnet,Is and the officers say that Whlie Se9
nnt financially OF note in the North teir svo b ant
no S drectors in the southwest are men OF "eOn o."
nSnence The Chicago meeting Is expecusa " emu NOR
,,nrrow and the officers say they may Viem acnr
explicit in their statements regarding tle company