Hearing, Before on the Bill S. 428; Directing the Secretary of War to Establish and Operate a Line of Steamers Along the Pacific Coast and Making Provision Therefor

Hearing, Before on the Bill S. 428; Directing the Secretary of War to Establish and Operate a Line of Steamers Along the Pacific Coast and Making Provision Therefor

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...subsidized by the Mexican Government and the Tehuantepec National Railway Company, both as to the guarantee of earnings and in free terminal charges. 6. It has from time to time been absolutely put out of business at certain ports of call owing to the strict quarantine regulations against San Francisco, and at Corinto, owing to the quarantine restrictions by the Isthmian Canal Commission authorities at Balboa. Its German competitor one year carried all the business from the Port of Corinto during this restriction, and at Corinto such restriction exists to-day and at other ports may arise at any time. 7. It has been held by its co-carriers and the public to the strict interpretation of the terms and conditions of the arrangement of 1902 without any of the benefits under which it entered into such arrangement. 8. Its business has been reduced in gross tonnage, and there has also been a great reduction in rates these last few years due to keen competition; so through the reduction of tonnage and the further reduction of rates on this tonnage the earnings have severely shrunk, while expenses generally have steadily increased. 9. It is no longer the intermediate line between the routes of the American transcontinental railroads and the Magellan route, for with the opening of the Tehuantepec Railroad from Salina Cruz to Port of Mexico and the extension of the Guatemala Central Railroad from San Jose de Guatemala to Port Barrios, it has become the differential or long-haul route in the Atlantic and Pacific coast business and must, therefore, carry at the lowest rates and must also lose a portion of the Central American to New York and European business to these new routes. 10. It has divided the local and interport business from San Francisco to...show more

Product details

  • Paperback | 66 pages
  • 189 x 246 x 4mm | 136g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236897838
  • 9781236897831