The Pensacola Journal

All Carriers on Parity Regarding Panama Traffic.

New York, July 12.—The contract between the Panama Railroad Company and the Pacific Steamship Company, under which the latter has for years enjoyed the exclusive privilege of handling freight on the Pacific side on through bills of lading, will terminate to-day. Hereafter all carriers will be on a parity in respect to the transit facilities on the isthmus.

Mr. Bristow in his recent report on the Panama railroad recommended that if the Pacific Mail Steamship Company withdraws its present Panama lines, an effort will be made to induce some other company to establish a first-class service between the important coast ports of the United States and Panama and in the event that no other company is prepared to furnish the service that it be provided by the Panama railroad.

Upon excellent authority it can be stated that the government does not anticipate that the Pacific Mail will carry out its threat to take its vessels from the Panama-San Francisco service, nor does it expect the abrogation of the contract to affect in any way the shipment of merchandise from New York to San Francisco.