The Hawaiian gazette., 1916-12-19
PACIFIC MAIL IS !.
ASSUREDSUCCESS
Eastern Business Looks Upon
New Venture As Guaranteed
Continued Existence

That Eastern business interests look
upon the success Of the new venture Of
the newly organized Pacific Mail
Steamship Company rs assured is seen
byAn inspired article in an Eastern
financial journal which is quoted and
commented upon by the conservative
New York Times. The company is
locked upon as so strongly backed by
Eastern master capital. and so closely
related with America g new super
organizations to develop foreign bust.
ness that it is assured of living by
the non competitive business that will
naturally fall to it. The Times says;
The three new ships on the trans
pacific route are practically of new
type of economical express liners adapt.
ed to development, projects in ocean
transportation. They carry Ill first.
class passengers in comfort exeelled only
| on the finest of the big Transatlantic
ships, and seventy.eight steerage pas
sengers with standard accommodations.
Their gross tonnage is only half that Of
| the old Pacific Mail ships of the Orien.
tai service. They will pay on light
traffic where the old ships would pile
up a burden of loss. They are the lat.
4 est word in construction. They burn
oil, and can be quickly adapted to q
capacity for steaming 10000 miles
without stopping for fuel, as against
5000 miles for comfortable coal burning
passenger ships. In ordinary times
two dollars and forty cents worth of
oil delivered on the Pacific Coast has
the efficiency of seven dollars worth of
coal Automatic feeding devices re-
duce the number of men necessary to
operate oil ships. At present the fuel
for the Pacific voyages is carried in
Ir&s laid along the keel, in space ordi-
narily devoted to water ballast, also in
small bunker amidships. The oil is
sufficient to take the ships across the
Pacific and back as far as Honolulu
where the amount necessary for the
trip to San Francisco is piped aboard.
"These are the ideal ships for the
Central American service and for put.
ting out on new cross ocean lines that
the company sees fit to try OUT says
the National City Bank magazine, The
Americas. "They can be made prac,
tically independent of foreign coaling
supplies. In organizing ocean trans
portation service they are analogous to
the vehicles of light gasoline bus lines
which the steam railroads now use tc
develop feeder business to the point
of paying support of regular equip
ment. They are comparatively more
economical than the bus vehicles, how
ever, and are directly in line with thu
very latest ideas in ocean economy Of
operation. The motor ship whether
big or little, seems to be the ship OF
the future.
"The management of the Pacific
Mail is very conservative in forecast
ing earnings when shipping condition,
get0back to normal. They foresee clos,
competition, with the japanese linel
able to cut very close. The Pacific
Mail expects to hold certain economies
that the JapS have not the advantage
Of, tending to offset the low costs of la
Dor, and so forth, which the Japanes,
enjoy. However, the attitude Of con
structive persistence noticeable in tn,
new management has its explanation
The Pacific Mail is a stone in the ma
sorry of the structure of internationa
enterprise which is being 'superorgan
lied in the hands of the new interests
that took over the company and it
properties. Up to a certain point it
employment is not dependent on closel,
drawn competitive economies. gooC
volume of business is certain to 90 t,
1t on a competitive basis. 1t car
| rios tho ITniknA
be physical connection between new
American enterprises in the Orient ant
bases of supply here. TIP to certair
point the line is pretty sure of living
Beyond that point there is an oppor
tunity, from the standpoint of the com
; pany, in good management and in in
terlocking enterprise"