Show transpacific STEAMERS PROMOTERS OF THE enterprise HARD HABD AT A large part of the tha capital stock of Is already pledged and responses tire are satisfactory log angeles caldec 6 the much discussed steamship line from jaran japan to a southern california port which japanese capitalists have been toying with for some months will be owned by americana the press dispatches from chicago stated that E C potter I 1 son of 0 0 W potter the noted financier of 0 that city Is working tor for the establishment tor for such a steamship line it Is 13 learned from Sec secretary y wallard i ward of the chamber of 0 commerce that tho the news Is correct and that the enterprise la Is in a fair way to be successful air potter has been in southern california tor for some days and Is now at the coronado hotel the project Is backed by himself in conjunction with the larger holders of 0 santa fe securities and the cramps at philadelphia delp hla the project will not be oin bially connected with the santa pot ie railway but N mill ill be in lull full sympathy lilt bat that corporation the capital stock will be probably loUO OOOO and pledges for a laige portion have a al leady featly been made the pres presence ene of mr r potter here Is due to lo hla his desire to ascertain what interest inhere st anti and merchants here will take in ili the enterprise pr als so and tho the responses have I 1 been very y sa satisfactory factory the chamber of commerce here has taken the matter tn in hand and Is pushing forward with zeal tho the plan Is to have built the flu anest ca t passenger ate steamers amers ot of ill tha day costing eawh to he be SOW soto tons burden in all particulars to excel the best of tile the 11 fe 0 0 vessels the pro projectors i actors figure th that a t east indian trav travelers elors to england will save sale at least three days time as Is against the the suez route tile the time on freight will also bo b mate materially lally lessened and rates considerably reduced the whole enterprise Is based on oil the lines of magnificence and tit the greatest puR possible sible speed with the expectation pec tation of depriving the canadian pacific or of its trade and the knella P 0 steamers of a good proportion of oc theirs the sen ice Is to be semimonthly at rest tho the port has ht not been selected but b li Is ly to bo be san diego until san san pedro Is 19 made a deepwater deep water harbor |