Los Angeles herald., 1905-08-21
SAILING PLANS APPROACHING
COMPLETION
ENTIRE CAPITAL SUBSCRIBED
Exhibits Of Manufactured, Agricultural
and Horticultural Products to BE
Installed and Sent to Tropics
January

by capitalists who are forming COM
pany to send a floating exposition" to
the tropics to open trade relations be-
tween the southern republics and Los
Angeles and temporary organization
has been effected by the election of Off
GERS to serve until the company receives
its charter of Incorporation and perma-
nent organization is effected.
w. r. Ransom, with offices in the
Hellman building, is president, and
Major William w. Burke Is vice presi-
dent. A secretary and treasurer have
also been chosen, but request their
names and the corporate name withheld
until Incorporation papers are filed,
which will occur when the directors re-
siding in Mexico arrive in Los Angeles
and participate in the final meeting be-
fore presenting the application for a
charter This will probably occur this
week
Preliminary arrangements, including
subscriptions to the full amount of the
$1OoOOOO capital stock of the company
and the agreement upon officers and
directors, with a complete arrangement
of all details of the floating exposi-
tion," it's complement and itinerary,
have been completed and it is expected
that negotiations for the lease of a
large steamship will be closed before
the end of the week.
Ship Sails in January
The floating exposition" will carry
an elaborate exhibit of all manufactured
products of Los Angeles and Southern
California and will be accompanied by
experts and representatives of the ex-
hibitors. In addition to this exhibit, a
bureau of information and exhibit of
agricultural and horticultural products
of this portion of the state will be in
stalled, making the ship a veritable
floating exposition" for Southern Cali
fornia.
The ship will not sail October 1, as
originally planned, because the exhibits
cannot be installed by that time, but it
is definitely stated by the officers that
the ship will clear from San Pedro har-
bor Immediately after January 1. This
delay is occasioned by the desire of the
exhibitors, many Of whom have already
engaged space on the ship, to make the
display of exhibits as elaborate and
complete as possible and because it Is
desired to deviate slightly from original
plans and carry the exhibit of agricul-
tural and horticultural products and
the bureau of information to advertise
this portion of Southern California in
the tropics. These changes in plans
necessitate postponement of the sailing
date.
Promoters of Company
In addition to the local capitalists in
terested in the enterprise, the directory
of the company, when announced, will
reveal the names of several prominent
men of Mexico including capitalists.
mine owners and planters and officials
of the republic. These Mexican stock
holders are deeply interested in the en-
terprise, and have secured from their
government promises of valuable con-
cessions for the establishment of a
steamship line between the tropics and
San Pedro.
Local jobbers are likewise interested
in the enterprise and have become in
vestors in the stock of the company.
The jobbers are prominent members of
the Associated Jobbers of Los Angeles,
and their interest, aside from the mag
nifcent advantages to accrue to Los
Angeles as a marketing place, grows
from the desire to expand their busi-
ness and put their respective firms into
competition with those of other cities
for the tropical trade.
President Ransom
President Ransom is a man of wealth
and is we'll known in financial circles.
He has large property holdings in Los
Angeles and in other sections of South
ern California, and is the owner of ex-
tensive properties in Cleveland where,
for years he has been interested in ship
ping on the great lakes.
He is thoroughly identified with the
commercial and material interests of
Los Angeles and vicinity and it is the
desire and intention of himself and as
sociates to establish permanent con-
nection between Los Angeles and it's
port at San Pedro with the republics of
the south. The floating exposition" is
merely an initial step in the plans of
the company for the promotion Of local
interests President Ramson has asso-
ciated with him some of the ablest and
most prominent business men Of South
ern California.
Discussing plans of the company for
opening trade relations with the tropics
and the probabilities Of establishing a
line of steamships to cater TO the trade,
President Ransom said last night;
To Announce Plans Soon
Yes, we are speedily completing ar
rangements for all the many details
necessary for SO important an under
taking and viii soon be ready TO make
a formal announcements of our antira