OCR Text |
Show AN ENVIABLE RECORD iho Pa itic Mall Steamship company com-pany established In 1848. and operating oper-ating transcontinental atlng traDs. Pacific nnd around the world freight service, closes the year ending December 31, 1920. with a net profit of $1.25 a share. It operated 48 Btcnmshlps of 28' 000 deadweight tons and handled 1,078,000 tons of freight. This rccoid was made In tin faco of - unsettled conditions, falling freight rates and many disturbing factors whlchh put numerous ship operating op-erating companies out ot business. 1 Seventy-two years oxeporlonce, a good fleet and an organization ashore ample to handle the business has enabled en-abled the old Pacific Mall to meet all foreign competition. I With n little moiu favcinblo action ac-tion by our government for Amerl-cn Amerl-cn ship owners, the development of our merchant marine would ho an assured fact instead ot a doubtful Issue Is-sue Tor the majority ot companies. The Pacific Mail can be proud of lit! record ot 72 years service. |