Year: 1875

AN ALLEGED CONSPIRACY IN PACIFIC MAIL


GRAVE cHARGEs-wILL THE PEKING AND


TOXIC BE SOLD AT AUCTION ?-vIEws OF a


MANAGING DIREcToR--A FAILURE CONFIRMED.


Another Pacific Mail sensation seems to be on the
taps Yesterday a HERALD representative had an
interview with Of the company's largest
creditors, when the following language was
used: :-"I charge that the Pacific Mail Steam
ship Company is being managed not for the in
tcrests OF the stockholders by company of stock
jobbers who what interests they jeopardize
long their In Wall street are subseryed.
charge that four in the Pacific Mail direction have
been the persistent enemies of the corporation ani
have sought TO


DESTROY COMPANY.


II they challenge for facts | stand ready to give
them. No word in the English language save con.
spirator' adequately describe each one OF thesa
persons who chiefly led and controlled in the inter.
ests OF the Union Pacific Railroad. There league
between the Central and Union Pacific railroads by
which the steamship company named will be deprived
of all profitable business and all OF the paying traffic
so by the overland routes leading director
is party to this agreement The City of Pe&ing and
City OF Toxic will probably be condemned by joint com
mission at the nstigation of the stock gamblers and
is not improbable they will DO sold at auction; and
then 1t viii be found that three


CHARTERED STEAMERS OF THE WHITE STAR LINE
will get the China trade and the Pacific Mail Company
be forced TO the wall their sold for a song,
and reorganization take place by which the company
will lose its identity and its ships be sailed under
foreign flag or under some other COMPANY maine Tho
article which appeared in the HERALD few days since,
purporng to be an interview with Mr.. Roach, the
shipbuldcr tells some wholesome truths and
If John Roach could be put on oath no would
disclose of the chicanery and bad faith of tho
Pacific Mail directors Even now 1t is doubtful If the
new ship--thc City of San Francsco-lyng in this
harbor Will be delivered TO the company At all
events stand ready to vouch for the truth of what
say and


I CHALLENGE AN INVESTIGATION


Where is the statement of its earnings promised nearly
one year ago by the exmanaglng director Where are
the reforms which Mr. Scott proposed to inauguratei
Every stockholder is Interested in cleaning this
Augean stable, and in protecting property which ID
truly American and should be source Of national
pride.


After the foregoing information the reporter visited
the Office of Mr. Scott the present managing director,
but could not find that gentleman. Mr. Hatch the late
manager of the company said " he had nothing 10 say
the truth alsity of the charges made He sup
poSeu tne party III power "ouiu huu"sc Ing coipany
10 suit themselves, and that 1t was presumably to their
interest TO make it profitable There was one thing
certain however; the business of all steamship com
panies Improbable at the present time, and Pacific
Mail could not be expected to prove an exception when
several hundred first class steamers were laid up in
Liverpool Tor want of freight There always would ba
grumblers"


AS an item OF news IL may be interesting TO note thaa
Sir james Heron and Solicitor Morris OF London have
started tour over the property of the Cleveland,
Columbus, Cincinnati and indianapolis Railroad. They
accompanied by General Devereux receiver of the
Atlantic and Great Western Railroad, and is supposed
the result OF their inspection will be made known very
shortly 1t is good sign that tho foreign owners OF
American railway properties are coming over to look
for themselves ut the character of their Investments


A FAILURE CONFIRMED


Messrs Mallory Il Butterheld, No. Al Broadway, the
largest dealers in paper board America represent
ing fifty different mills owned up to-day that
they had suspended. They had been in difficulties for
some days past Their failure is due TO the contrac
OF values well as to the act that they have
been keeping large stock hand In the present ln
security the paper they have sought deal
far possible for cash. but this they have found inn
practicable The creditors have agreed to allow tho
firm to continue business usual, without an assignee
or receiver


Upon application yesterday to Messrs Schuchardt
& Co., the suspended bankers, of No 40 Exchange
place. for their statement, the writer informed
that it would not be ready until Wednesday.