Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-04-10

as we'll as the breaksge and loss there ana
in Brazil, gave rise to claims wnicn navo
been Q great source OF loss to the company
ID The stevedoripg business 10 SO man
aged in New York that the company nss
been able to stow from 500 to l,c00 osrreis
more in its ships, and thus enabled 70 save
this room. and also to have the cargo so
slowed as to prevent the CARVING "eyI S
ports, which has always occurreo WHO"
slowed atNswort News.
AsoURcE OF aREAr EXPENSE.
Summing it all up, the statement oroao.
ly made WAS that after giving Nenpot,SS
News credit OF fifty cents per ton on M
the coal taken in there for ships use, ,no
total figures against the port snoWeu
loss Of from $3.50 to a., 500 on every steam
er calling there. The company very. re-
luctantly therefore determined 70 apsn-
don Newport News for tho present. lhis
was done with especial reluctance. because
Mr.. 9. p. Huntingdon, although nosuihg
less than one fifth of the STOCK o, tne
steamship company, still had very largo
interests at Newport News. but MI
Huntingdon neither would nor could sac,
rifce tho interests of bis associates anu
the majority OF shareholders OF the steaul.
ship company to the interests or NeWpols
News. by continuing to run tho business
n
prompt TO recognize that this was not 10
be thought of when the actual facts were
presented to him, but that the officers anu
directors of the company must act as
trustees Of the shareholders, and consiuer
only how to stop losses and endeavor 10
run OF profit.
There is therefore no hostility apparent
10 Newport News or to Richmond IN the
company's action. On the contrary. ths
best of feeling 10 manifested TO ootn places.
When the Chesapeake and ONO completes
its new piers and fs able to give proper Ia.
cilities there (Which they frankly ADMIT
and have advised the steamship company
they cannot now do), it is hoped that these
steamers may be induced to come there
AGAIN. IL IS our near by and natural out
let TO the sea, and we greatly desire 10 see
;ts onnortunities improved and enlarged;
Durinp ali the years this line has called
there for freight the products OF the Rlcn-
mond mills have been given the same rate
of freight TO Brazilian ports as BaltlIn0te
and New York. To prove their frlenuship
10 Richmond's interests they agreed u
continue this arrangement ana MAKE
bnt one rate on flour from New York
Baltimore and Richmond to South Amer,
can ports. and find they can better ahord
70 carry the -four TO New York at theiI
own expense and store it there, than 70 pay
the FREIGHT TO Newport News, az formerly
and run its ships there to take IL In. oucu
| liberallty should be approved and ap'
plauded by our own people, and our Chail,
| her of Commerce, it is to DO hoped, VIII
! find no words Of censure for company
which voluntarily exercises such broad
minded and progressive policy.
TIE MATTER OF SUBSIDY.
Only one other matter remains TO DO al
| lnded to-the matter Of subsidy. IL Sc
! happens that the company is not now5 no
/ sidized by the government, ana IL may
never be. IL is true that the former prest
| dent of the company (Mr. II. h. Ihuroer)
being a Republican aud in favor OF subsidy
on general principles. and especially am
quite naturally so on account or his 10
| terest i'm this line of steamships, which ar
of American construction, requested
/ through an influential friend in Richmon(
| the help of the Chamber of Commerce
| in obtaining it. His efforts wer'
heartily seconded by the chamber, and
! committee went to Washington to urge II
| Tho new president CHR. w. NJ. Ivins) IS
however, a Democrat, and on several primer
pies opposed TO subsidy. so Is the new Con
gress, and it remains TO beseen what VIII D.
the outcome Certainly this company, oelni
an American one, with American shlp5
and splendidly equipped for serving IN
Postal Department, Is entitled TO, ana VII
doubtless receive full recognition when
ever proposals arc asked for, and vii
doubtless receive tho help of our bushes
community (Which is always Just IN 1t
final conclusions) whenever u IS needed
notwithstanding the present frlctlons.
In the meantime. the new president o
the steamship company Is not rigging o.
subsidy TO restore the fortunes Of his CON
pany. He is relying instead on more IRE
quent sailings, on larger volume OF busi
ness, and on closer management TO accom-
plish this result.
Under the old regime his line carried onl
10 per cent, OF the outward freight. A
ready no has increased it TO s. per CEN
The company has recently built two ne'
ships. and the largest on the America
register without n subsidy. In addition
its own fleet OF steamships, it has put III
der time charters nine additional steau
ers-yiz: The Marcia, Capulct, GlengoI
Amy, Laplace Citta ii Roma, Federation
Van Dyke. aud Enchantress, and have dl
patched out nine steamers during u
month Of March.
Such enterprise deserves success, an
the writer conceiyes it to be the part {
wisdom TO prove ourselves steadtast an
loyal friends TO that line that 10 botn abb
and willing TO protect Richmond's intel
ests. and is doing 50 in al least one very in
portant industry. If this industry. whic
operates manufacturing plants here cos
ING largely over q million of dollars
build. and which for fifty years has bee
an important factor TO the commercial an
agricultural interests OF this city and Stat
is worth conserving. it Is hoped this ma
ter may be so fairly and calmly considere
and dealt with that its future welfare ma
not be jeopardized,
CHARLES l.. TopD,
President Gallego Mills.