The times. [volume] (Richmond, Va.) 1890-1903, 1892-12-03
THE STEAMSHIP LINE
BETWEEN NEWPORT NEWS AND
LIVERPOOL rs A REALITY.
c. and o. Ohcials I'm Washington Have
Confirmed the statement-Ovcr Two
Million Dollars for the Vessels.

The Richmond merchants are begin
ming to realize the importance to this city
OF the proposed Chesapeake and Ohio
steamship line from Newport News to
Liverpool, and any doubt OF the fulfill
ment OF the plans has been dispelled by
the confirmation Of the report from a
number OF reliable sources. A special TO
The Times from Washington last
evening says the officials Of the
Chesapeake and Ohio railway there
confirm the statement that new steam
ship line has been organized TO operate
between Newport News and Liverpool.
Six flrst-class vessels will be put on the
line at cost OF over two million dollars.
The company will be known as the
Chesapeake and Ohio Steamship Com
pany, Limited. and the capital will be
furnished Jointly by American and Eng
fish investors. with a majority OF the
stock in the hands OF the Chesapeake
and Ohio Railway Company
Among the directors are President NJ.
L. ingalls, and President Decatur
Axtell. Of the Chesapeake and Ohio.
The move IS exciting interest In many
directions, and the advantages Of South
ern route over the more frigid and dan
gerous northern routes Is acknowledged
on all sides. The Post, I'm this connection,
says:
THE announcement that a new steam
ship line consisting Of six first-class ves-
sells. is TO be put in operation between
Liverpool and Newport News, Va, will
awaken new interest in the progress and
prospects OF what, In the natural order or
events, must some day become one OF the
most important commercial points on the
Atlantic seaboard.
THE natural advantages Of Newport
| News are great, ard these are immensely
enhanced by its being terminus OF the
| Chesapeake and Ohio railway system,
which has already made it the seat Of a
profitable export trade in flour, coal and
grain. Some years ago a line OF steamers
was put on between this port and Europe.
| but the time has not arrived for the full
| realization Of the expectations Of its pro-
! jcctors. Conditions have since changed,
| and the new movement is based not so
much upon the possibilities or probabill-
ties Of the future as upon existing certain
ties, which are belived to warrant the es-
adjustment of enlarged facilities for for
eign transportation
The capital of the enterprise is under
| stood 20 be furnished jointly by English
! ana American lHNeSlOiS, VIII u HidJOii'S
| Of the stock i'm the hands of the Chesa-
| peake and Ohio railroad and ii is alto
gether probable that in the event Of sue
| cess which seems well assured, the addi-
| tional ships of the line will be built at
! Newport News instead of abroad. The
line to all practical intents and purposes
will be an extension Of the Chesapeake
and Ohio system. furnishing the water
way to Liverpool for the vast amount OF
freight, especially of Western produce,
which is destined to move in this direc-
ton"
A Chesapeake and Ohio officer. in dis
cussing the matter yesterday said that
the new ship line would not only give the
road a better outlet for export goods but
that IT would create a large import
trade which would load a number Of
cars that now go westward empty.