Show PACIFIC MAIL HAS LOST MONEY fiftysix fifty six millions gone but the company not discouraged N NEW zw YORK may st 31 the repot t of the tile operations ot of the tile pacific mail Ste steamship amshl company compan 3 r for the year ended april allows t the t a total carn earil lops logs to have been aw the total expenses 1175 leaving a net loss in III the letter accompanying the report president gould says that the unfavorable I 1 owl in Is doe due in the first place to the quarantine anthe at panama during the cholera scare last autumn and since the termination of february batth e t ast contract between the mail tail and the panama railroad company was shut off almost entirely from any participation in business between new york and the american cortson ports on the pacific this of course reduced ed the tile earnings very heavily while the reduction in expenses will only begin to show from the arese prese present nt time as th the no operations erat ions of the fleet could not be reduced immediately gould in closing reiterates a it determination of resigning the presidency owing to the dern demands ands on his time from other corporations the board of directors will meet friday and organize anize bv by f the he election of ofa C P ton as pr president resident in place of george J gou gould I 1 d |