A Great Project on Foot
Consolidation of the St. Louis and Memphis Packet Co. and the Mississippi Valley Transportation Co.
A behind-the-scenes look at a proposed river-shipping monopoly that would have combined dozens of steamers on the Mississippi under one company.
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The Cairo Bulletin · July 10, 1873 · Page 1
1 min readST. LOUIS, July 9.
A project is on foot here, which is likely to be carried out soon, for the consolidation of the St. Louis and Memphis Packet Co., and the Mississippi Valley Transportation Co., and purchase at appraised value all steamers now running between this port and New Orleans, paying therefor one-quarter cash and three-quarters in stock of the company.
The number of St. Louis and New Orleans steamers is about 15, which, with the Memphis and Vicksburg packets, and the tugs and barges of the Mississippi Valley Transportation Company, would make one of the largest and most powerful transportation companies in the world.
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