Show PANAMA CONTRACT SIGNED traffic by the isthmus on the old basis new york doc dec 16 the pacific mail panama railroad contract was signed today by collis P huntington who received the formal authorization of the pacific mall directors saturday J edward simmons president of the panama railroad company had been instructed by the directors of the railroad some days IKO ago to sign tile agreement the contract la Is designed to make a complete line between new york and the pacific coast at san francisco the pacific mall running a line of ships on oil the pacific coast arid and the panama railroad on the atlantic coast the two companies will exchange business on through bills of lading the panama company getting 55 per cent tor for tho the atlantic coast and railroad while the pacific mall mail will set get 43 45 per cent tor for the pacific coast business the agreement goes goca into immediate effect and the pacific mail line will take its steamers off the atlantic coast service and transfer them to the pacific |