Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-08-27
LAKE FRANCES STARTS
ON ITS SECOND VOYAGE
Laden With Full Cargo. Steamer
Leaves New York Dock Bound
Il for Richmond.
LAKE. STERLING ADDED SOON
Second Vessel, Now Being Con-
ditioncd, Probably Will Make Its
First Trip to This City Early
Next Week.

erai line merchnndise for Richmond and
intermediate ports served by the
Richmond- New York steamship Com
pany. the Lake Frances left its dock
{. IN New York City on schedule time
yesterday and Will arrive in Rich
5jmond tomorrow.
The ship is in fine condition and
WAS reported making fine progress
un the first leg Of the voyage during
Yesterday afternoon
return trip. an dthe Lake Frances
viii be loaded and ready to start
on its second trip back TO New York
Tie Lake sterling, the second ship
10 be added 10 this service. now is
in New York. being conditioned: and
Will be ready TO turn over and put
TOUR. days. 1t probably will make
It's first trip early next week, prob
ably meeting the Lake Frances on
it's return trip to New York.
New Impetus Given Drive.
New impetus was given the cam
nsign to raise su oscriptions to the
capital stock OF the Richmond New
York Steamship Company at called
meeting of the finance committee
mass meeting will be called in the
pear future, when speaker of ma
tional note in Transportation mat
people of Richmond on the import
ancc OF supporting and maintaining
water transportation.
charge nssr"o OF sollcitinr s"Sseriptions
were instructed to call attention TO
shippers and receivers of freight
that maintenance of water transpor-
tation means an actual saving OF at
least c5 per cent in their freight
bills and TO make the argument that
these shippers can well afford TO
invest at least so per cent of their
annual freight bills in the boat
line. even though they never get one
dollar of dividend return from the
investment.
What the shipper Saves.
Chairman 7. NJ. Carrington made
the Following illustration: The ship
PEI, who pays $4,000 2 year in
a year 'oy reason of water prcfcren-
tiai rates enjoyed by Richmond so
long as ii ma intains water trans
Dortation service.
rinEton, can invest In stock Of the
steamship company to the extent of
$4,000, and the amount would be
saved or returned to him within Il
few years in actual saving.
IL the line should be discontinued
and Richmond should he deprived of
water l,ransportation. the shippers
preferential rate. which would mean
an actual increase OF something like
% per cent in rates.
these business arguments directly TO
the shippers, In the hope that they
will give full support To the enter
prise, which, according to argument
OF members, means actual saving of
millions TO the people of this city
end community.
Reporting on the first trip Of the
Lake Frances from Richmond to New
York. II. w. EilerSon said:
IL Paying Investment.
we took from Richmond ana City
Frances Approximately 500 tons o,
freight. This freight yielded us an
average OF IS per ton. The Old
Dominion operated on a rate of s55C
Jper ton. and Divided the Hons share
with the railways. We made the
run to New York on schedule time
burning only twenty tons of coal IN
the forty-ciSht hours. Can we make
it pay? Is IL an Investment? We
can. and IL is. but this means tina,
Richmond must get behind the lin,
and back IL up for all she is worth