The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-12-23
FOR LOW FREEGHTS
The Panama Promise to
Be Fulfilled.
JOY FOR THE MERCHANTS.
They VIII Have a Joliier Christmas
This Year Than Ever Before-A
Company Formed.
JOY FOR THE MERCHANTS.

The home thrust in the Knockout contest
with the Southern Pacific of Kentucky and
| its subsidized assistant, the Pacific Mail
Steamship Company. was given when ar
ranGements were made with the Panama
| Railway Company for INDEPENDENT steamer
| connection at Aspinwall or Colon.
That this steamer connection, so disas-
| trous to the Pacific Mail and The trauscon-
tinental business OF the Southern Pacific,
is an assured reality became evident yes
terday when articles of incorporation Of the
| North American Navigation Company were
! filed in the County CLERKS offiee.
The steamers of the new company will be
| running between the 1st and the 10Th of
February next.
What glorious thing this will be for
California and the Pacific States !
Where will the subsidized Pacific Mail be
| then?
The organization Of the North American
Navigation Company was the legitimate
outcome OF tho hight for which the mer-
chants of San francisco girded up their
| lons when clipper ships were inaugurated
| around the Horn.
1t was only question of time when the
route should be shortened via the Panama
| Railroad.
This is only forward step TO the compile
| ton OF the Nicaragua canal.
L ct IL Is great advance, and every care
tul merchant who studies the situation
should have cause for extra Christmas con-
! graduation at the prospects ahead to escape
| the heavy tolls of the Southern Pacinc
monopoly, the great crippler Of legitimate
business on the coast.
In the articles filed yesterday the pur-
poses Ter which the North American NaYi-
| cation Company is formed were stated as
| follows:
To purchase and SELL lease and build all kinds
! OF vessels, cars and Other vehicles; TO carry on
me OuSiuess OF common carriers between tile
| ports OF san francisco and Panama and else
Mhefei 10 make connections with the Panama
RallToad Cempany's lines ana ali other railroads,
| steamers and other communicating agencies
lHat AFFORD or may afford communication 10 New
1oik aud other ports; 10 navigate tile waters of
The Pacific and other oceans, c0astwise or OtheF-
wise, aud as Incidental tberetO such ports on The
Pacihe Coast as may he deemed Profitable and
advisable; 10 purchase, sell. lease aud hire real
au9 personal properly, stocks, bonds franchises
ana otber privileges, including STOCK In other
corporations; To erect and repair all kinds Of
sIuctu esi 10 bulid, purchase Ga lease. hire ana
rent itamways, chutes, mOOfings, whaFves, land
| lngs. sims and shipping Of all kinds; TO borrow
OF lead money aud as incidental thereto TO mort
| gage OF pledge zeal aud personal property and
| geneTaiy 10 transact any aud all sucli business
as may be deemed best from time 10 time by The
board ot directors OF said Corporation.
The corporation is To exist for fifty years.
The trustees named iii the articles are
William i. Merry. a. b. Field Of Field 81
| Stone. c. ii. Haswell Jr. Of the Johnson
4
| Thomas OF Cbickerlng, Thomas & Gregory
j. j. Moore CT j. j. Moore & Co.. H. Ben
del OF 1ilimann d Bendeh Frank Dalton Of
| Dalton Bros.
The capital stock of the new Incorpora-
ton II S3OCQO00, divided into 30 600 shares
| at 500 each. A large number Of shares
! have been subscribed by the directors con-
| siderable more has been taken by friends of
| the movement. and enough promises to sub
scFlOe nave been insured among the lending
| nj N EFn 70 l.. 81.
| running OF steamers In February next an
absolute certainty.
The president selected for the company
| which is 10 begin its energetic opposition 10
the Iaculc Mail anu the Southern Pacific of
| Kentucky is w. l.. Merry. who is consid-
! cred one Of the best-equipped men in tie
| city for the position, not only on account of
| his comprehensive study Of the commercial
| problems involved. but by reason of his
| long and practical experience with the
| running OF steamships over the proposed
| route.
Captain Merry for years was agent at Pan
anna Of Marshall .. Roberts IL Co.'S steam-
| eTs, which as far back O. 1868 ran in oppo-
| sitiOn 10 tbs Pacific Mall. In 1857 he Ms
| general agent Mt Nicaragua Of the w H.
| Webb line, which also ran in opposition TO the
| Pacific Mail In ls69-70 be was captain Of
| two of the Pacific Mail Steamship Com
| paBy'5 steamers, at one time running be-
| tween Colon and New York, and at another
| between San Francisco and Panama.
Captain Merry is an enthusiast on the
! subject Of the shortening of the water
| route between San Francisco and New York,
| The J0hns0n-LOcke Company has been
| selected as the commercial agents of the
| new company, resignng for this purpose
| the agency OF the Atlantic and Pacific Clip
per Company now being run around the
| Horn. which service will he discontinued.
The North American Navigation Company
| will have fOar connections at Colon Pan
| anna. The first one will he with the French
| line for Bordeaux and Marselles; the sec
| ond with the English line for Southampton;
| the third with the Panama line for New
York the fourth with the Panama line for
| New Orleans. tapping the Mississippi VAL
| ley.
From this 1t viii be seen how w;de-reach-
| Ing are the commercial arms Of the new
| company and how important the results TO
be obtained.
In order 10 show what the clipper sbips
around the Horn have accomplished, Frank
). johnson of the Johnson-Locke Com
pany placed before CALL reporter mani
fest of 100 tons OF lard shipped from COun-
| eli Bluffs To New York and from the latter
| place around the Horn 10 San Francisco
The freight for this long distance was
cheaper than by the Southern Pacific sys-
TEN from Council Bluffs across lew States
TO San Francisco. And the shipper made
money on the shipment, although he had TO
pay insurance and interest.
What ali object lesson this is to the mer-
chants of GalifOrniaI