REPORT OF THE COMMITTEE IN CHILE. 337 



A, B5 and their accompanying statements 

 are formed from the most correct obtainable 

 data^ and that their general result is fair and 

 equitable and may be safely relied upon. 



2d. That the establishing of steam-boats on 

 this coast will not only be attended with great 

 benefit to the trade generally, but also in our 

 opinion with considerable profit to the stock- 

 holders. 



3d. That the want of capital and experience 

 in such undertakings in these countries would 

 render it difficult to procure a sufficient number 

 of subscribers. 



4th. That the privileges granted to Mr. 

 Wheelwright by the different Governments in 

 South America have been conceded on the 

 understanding that the natives of the respective 

 countries would be invited to participate in the 

 enterprise. 



5th. That the company should be formed 

 either in the United States of America or in 

 Europe, and that a sufficient sum must be raised 

 to carry the project into full execution. The 

 Constitution of the Company should then be 

 transmitted to the different States on this coast 

 to such agents as the Directors may name, with 

 instructions to advertise in the public papers 

 for a given time for subscribers^ the money 



VOL. II. Q 



