OCR Text |
Show The Combination Complete. New York, 26. It is stated that a new contract has been drawn up which will be signed by the oUicersof the Pacific Mail Steamship company and Union Pacifio road in a few days. It calla the uniform Sau Fran-francisco Fran-francisco passenger rate, rail or eteam, at ?137, in consideration of which the Pacifio Mail is to receive $10 per head money for every through passenger carried by tbe Union Pacific to and from San Francisco. This is an increase of $5 head money over the Clyde contract of '70, and it is estimated will yield to tbe Pacific Mail treasury a monthly turn of $22,-000. $22,-000. It iB also understood that both companies are to act independently in the matter of freights, regardless of each other, or of exis'.iDg circulars, President Babcock of the Pcifio Mail peremptorily declining to euter into any scheme that would require an advance in the freight rates now being charged by the Pacific Mail. |