Los Angeles herald., 1905-08-11

| hC ltOdlliS SApOolllOi loCc, ooNO
Gated by The Herald as a means of
awakening the southern republics to
the advantages of trading with Los An
geles jobbers and manufacturers, has
| crystallized into a formation of stock
company with a capital Of 100000, and
| the ship is scheduled to leave San
Pedro for the Southern Pacific coast
October 1.
This information was given to The
Herald yesterday by one of the stock
holders and promoters, who outlined the
plans of his company and said that in
corporation papers would be filed with
| in few days.
| When the corporation formalities are
completed, a definite statement will be
issued by the company and the detailed
plans of the floating exposition" will
be placed before the chamber of COM
merce, the Merchants and Manufactur-
ers' association, board Of trade, and AS
sociated Jobbers for approval.
Interested in this company are local
capitalists, whose names guarantee the
success of the undertaking, and several
officials and capitalists Of Mexico.
Mexican Concessions
This company is organized for the
sole purpose of displaying the products,
natural and manufactured, of Los An
geles, but as result of the success of
the advertising plan, another company
will be. organized to establish, a steam
ship line which will serve the trade be-
tween the countries in the tropics and
Los Angeles.
AS an inducement for the establish
ment of this line Of steamships, the
Mexican government has promised val
liable concessions and a subsidy. AS
the company has several Mexican capt.
talists and officials high in position on
its directory, the influence which they
will be able to exert in behalf of the
steamship company is expected to be
powerful agency for building up per-
manent trade relations.
Local jobbers and several companies
owning mines in Mexico are among
| those interested in the formation of
the new company, and sufficient busi-
ness IS guaranteed through these con-
nections to justify the venture. accord
ing to the statements of a stockholder
who is taking an active part in the final
formalities of incorporating the exposi-
tion ship company
These firms recite that they are COM
PEELED to buy their hardware, mach
inery and supplies In San Francisco be-
cause local merchants and manufactur-
ers are unable to compete in the way
of freight rates obtained by San Fran
cisco merchants.
They wish to trade and conduct their
banking business at Los Angeles but
find 1t impossible. Several of these
mine and property owners recite the
lack of banking connections. and as
sert that should these arrangements be
concluded and shipping facilities be Sc
cured so that local merchants could
compete with San francisco and other
markets, an enormous trade would re-
suit in favor of Los Angeles firms.
Negotiating for Ship
This company has kept its plans
secret until the publication this week
in The Herald, but 1t is now stated ne
j gotiations for one, of the largest ships
ON the Pacific coast are in progress and
it is expected that the lease win be
closed during next week.
This ship has a capacity of $50 per-
sons and is especially suited for plac-
ing an exposition aboard. having a
great amount Of space which may be
utilized in that manner.
Plans are being made TO equip the
ship with the displays ana get It started
october /. Representatives from the
chamber OF commerce and other busi-
ness organizations including members
OF the press and jobbers interested in
! developing trade relations with the
tropics, win be invited to accompany
the expedition.
/ A prominent railroad official and
capitalist living IN Mexico. In Ihdorsins