Year: 1875

The four steamers the Atlantic and the seven on
the Pacific side should be 500 TONS capable OF carry
Ing 200 and 300 seerage passengers and tons
Of freight leaving New York and San Francisco every
Saturday and making the trip in twenty days


The nine steamers should be off 500 tons and built
pressy for the Central and South American trade to
carry rs cabin and 100 seeage passengers and tons
offreght and to be employed follows:-Two for the
Central American trade, three for monthly line be-
tween Panama and San Francisco calling at all Central
American Mexican and California ports four for the
South American trade, between Panama and vapa-
raso nearly all OF which goes through the Straits
Of Magellan AT this time iron Is selling for less than
tho cost OF production aud labor is and probably will
be lower prico for the next twelve months than for
several years come. Such being the case there
be no depreciation on the investment and all the
steamers should be Quilt and equipped for the sums
estimated, and better for strength, workmanship and
speed, than any steamers afoat


Another great advantage would be that this line
would be under single management, thereby doing
away with che duplicate agencies and expenses at New
York, Aspinwall and Panama, and would have less
difficulty in making satisfactory through tariff for
freight and passengers than now, when the overland
railroads giving TO the Panama route little busi
ness as possible.


The Panama Railroad directors in situation to
know exactly what business the Pacific Mail Steamship
Company did during the time they were running in
opposition to the Overland Railroad Company, and
what they doing now, and therefore well abo
Judge OF the eApeulency OIL putting Oh Lne new


Any comparing the annual increase OF tonnage
by the overland railroads. since they completed,
by the sthmus and by sailing vessels around Capo
Horn, will readily that the Panama Railroad direc-
tors conservative when they propose to put
only eight steamers and they will lind that the
necessities OF the trade will compel them to increase
the line as have suggested


/ undertake TO say that the steamers as pro-
posed with freight at $40 per ton from New York TO
San Francisco, 500 for cabin and $50 fer steerage
passengers will pay very handsome profits, and the
continued growing trade and largely increased traffic be-
tween the Atlantic and the Pacific guarantee that
the steamers will 60 full at these rates


Whether the railroads, with their enormous bonded
debts, afford TO carry freight and passengers at
these prices and then pay dividends their watered
stock remains to be after the new line is tary
established.


Several directors OF the Panama Railroad believe that
their the most economical Tor the Pacific bust
ness and Of opinion that the road would and
pay six per cent quarterly dividends II equipped as
above and that the Central and Union Pacific Railroad
companies will recognize the fact that the water
route is cheaper than railroad for the freight
business TO California ports.


1t would that the question OF the cost OF trans
portation between here and San Francisco will very
soon be settled and shall be able to learn whether
$500 600 900 capital successfully compete for the
same business against company possessing equal ia
cilities and but $17. 900, 600 Of capital


STOCKHOLDER PANAMA RAILROAD COMPANY