The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-12-24
TRANSPAC|F|C LINE
TO CUT HONOLULU
AS A PORT OF CALI
Reiuvenated Pacific Mail Service
To Be Direct To and From
Orient
SAN FRANClSC0-MANlLA ~.
ROUTE VIA CHINA PORTS
Five Steamers Will Call At Philip
pine Berth Every Twenty
Two Days -:

According to the plans Of w. R. Grace
& Co. Of San Francisco, agents for the
American International Corporation, re-
Gently organized to acquire the remain
ing seven ships of the Pacific Mail feet,
five steamers are to be placed in the
Transpacific service between San Fran
cisco and Manila, but none Of them
will touch Honolulu or Japanese ports.
Calls, however, will be made at both
Shanghai and Hongkong.
This information has just reached Ho-
nolulu from San Francisco, together
with other details of the service. It
came from the office Of w. r. Grace &
Co, who are an integral part Of the
American international Corporation,
under whose flag the steamers will oper-
ate.
Five Steamers Begin Service
San Francisco and Manila are to be
brought within twenty-five days of each
other by the International line of di-
rect freight and passenger vessels.
The new service will be inauguratod
with five steamers, leaving San Fran
cisco every three weeks and making
the voyage to Manila in twenty two
days. ....
As already has been announced by
The Advertiser, the old Pacific Mail
steamers will continue to make the Pac-
ific Coast ports as far as Panama, and
the other Grace vessels, which have
been in the South American service,
will increase the sailings by calls at
the principal Mexican and Central Am
erican ports. With reference to the
Transpacifc service, that, as Associated
Press dispatches already published in
The Advertiser have stated will depend
on the attitude of congress towards
the venture.
"The company does not expect a sub
sidy for we know that the federal goy-
eminent and the American people are
opposed to that" said J. II. ROssitCr,
manager in San Francisco for w. r.
Grace & Co.
Expect Law Repeal
"What we do look for is a great
modification or complete repeal of the
| injurious clauses of the La Toilette bill,
and / think the majority of seamOn
are of the opinion that the, bill is not
what is needed. We expect also that
there will be offered an adequate mail
subsidy for carrying mails to Manila.
els it not a strange thing that con-
|
erican flag off the Pacific, and in so
doing turned the carrying of United
States mail to the Philippines over to
the Japanese"
The steamers listed for this service,
which will start within a few weeks il
the federal government promises the
support uesired, are the Santa Clara,
Santa Cecilia and Santa Barbara (re-
Gently launched), each of 10000 tons
capacity, the Colusa Of 5000 tons and
| the Cacique of 9400 tons capacity.
With these five steamers a tri-weekly
service will be maintained. They are
equipped to carry about fifty cabin
passengers each, but if the passenger
trade warrants, the Santa steamers Will
have added an extra deck so that $50
first cabin travellers may be accommo-
| dated.
Ten Dollars a Share
Regarding the sale of the Pacific Mail
steamers, Julius Kruttschntt, chairman
Of the executive committee of the
Southern Pacific Company, stated in
New York that the offer provides that
w. r. Grace & Co. will pay ten dollars
share, ex-dividend of $25 for the
10 800 shares and in the event that the
assets of the Pacific Mail, exclusive of
the proceeds of the seven ships sold
to Grace Co. equals or exceeds 1850.
900, an additional $3.50 will be paid
for each share. If the assets fall be-
low 81 ,250,0 900, q proportionate reduce
ton will be made in the $3.50 addition
al payment. The final value of assets
will be determined by Frank A. Van
derlip for the purchasers, and W. II.
De Forest for the Southern Pacific Com
pany.
W. r. Grace & Co. also have offered
the same terms to minority stockhold-
ers of the Pacific Mail Company.
Will Give Control
The ll0,S00 shares held by the South
ern Pacific COMPANY represents the con
troll of the 200, 900 shares of the Pacific
Mail Company.
The purchase of control of the Pacific
Mail Company will give w. r. Grace
& Co. the rights to piers at San Fran
cisco and other Pacific ports, lighters,
tugs and various real estate holdings in
the United States, China and Japan.
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