New-York tribune., 1900-05-18
NEW OCEAN STEAMER LINE.
ROYAL ULSTER STEAMSHIP COMPANY TO
BE INCORPORATED IN JERSEY.
PENNSYLVANIA. NEw-YoRK CENTRAL AND
BOSTON AND ALBANY RAILROADS
SAID To BE INTERESTED.

SAID TO BE INTERESTED
1t is proposed to incorporate a new steamship
line under the laws of New-Jersey, 10 pe Known
as the Royal Ulster Steamship Company IL
will have capital OF f1D0oOo, ana VIII De d
limited concern. Fast freight steamers VIII be
run from this port to Liverpool and some pas
seneers will be carried 1t is expected also
that branch lines will be run TO Havana, san
,iago Porto Rico. Curacao and Venezuela, ana
perhaps also to Bahia and Rio Janeiro' III
Brazil.
The company may also steamships be-
tween Boston and Liverpool 1t is said that
large stockholders in the New-York Central ana
Pennsylvania railroads are behind the enter
prise and that its existence is closely connected
with the Pennsylvania recent purchase of the
Long Island Railroad The close alliance be-
tween those railroads and the projected connect
ing bridge across the East River at Randalls s
Island which would facilitate shipments OF
grain and other produce. are some of the factors
involved In the undertaking. 1t is said. more
over that the company has obtained options on
land at Montauk Point suitable for pier pur-
poses The heavy Hghterage fees at this port
would thus be ultimately avoided, and much
time saved In shipments to Europe. it is pointed
out
STEAMERS MAY RUN FROM BOSTON.
1t is said that steamers will not be from
Boston unless the Massachusetts Legislature
ratifes the lease of the Boston and Albany line
TO the New-York Central
The company has twelve steamers. Some of
these chartered and some have been pur-
chased outright. Some of the vessels are now
employed in the British army transport service.
plying between England and South Africa. II
is purposad to have two sailings from this port
fer Liverpool every week. After this service is
under way the branch lines to South America
Wi he he vessels
flag. The pier in this city will be on the North
River, somewhere above Eighteenth-st, and
home Office of the company Will be at No. 60
Grand-st., Jersey City.
FOR REFRIGERATED PRODUCTS.
Ill case the Boston line is undertaken piers
rill be constructed in that city north Of the
Summer-st. extension or at Charlestown. The
purpose of this line is to carry grain and
frigerated products. The Boston and Albany
Railroad now controls large share of the flour
export trade. II this line is instituted the
pany viii have direct railroad connection from
Chicago TO the waters edge at Boston.
OF the f1oOo.ooo capital all paid in. two
thirds is TO be : per cent preferred stock and
one-third common stock. There are bonds.
II is said that a separate terminal company
will be INCORPORATED in New-Jersey.
1t is expected that the first sailing will be in
about month.
Horace s. Gould, of New-York, one of the cor
porators, seen at his home. No. 231O Sew
enth-aVe., last night. He said he was only
acting for the persons interested in the proposed
company, and that he neither knew their names
nor business he had had direct dealings
with them. He had been told, however, he said,
that Canadian and English capitalists
among the projectors Of the plan. and that they
expected to be able offer lower rates for
carrying grain, -four and other products to Eng
land and other countries than prevailed at pres
ent. They thought they would be able to lower
the freight rates by having piers where the
port charges would be considerably less than
here and in common with railroad lines. Il
have also learned" said Mr.. Gould, that the
projectors of the company intend to use the
great pier projected by the Pennsylvania Rail-
road He further added that he understood
the persons interested in the proposed new line
would try 10 buy the Dominion Steamship
Line of Boston. The charter of the new COM
pany is to run sixty seven years.