Although the anticipations of the directors, in the more recent and expensive portion of their great undertaking, have not been realised, while the services of the steamers on the West Coast have periodically, and especially of late, been subjected to considerable depression, the trade of the Pacific has steadily and, compared with any previous development, marvellously increased since first opened out by the energy of Mr. Wheelwright. Moreover, this trade is likely to go on increasing, especially as the company has now a class of vessels admirably adapted for its still increasing wants, and affording many comforts to passengers who, induced by numerous attractions travel either for business or pleasure, along the shores of the Pacific. [Sidenote: West Coast steamer, _Bolivia_.] The following is an illustration of one of the steamers now engaged on the Pacific coast line; but the _Santa Rosa_ and the many similar vessels belonging to the Pacific Company now trading along these shores,[289] have been greatly surpassed by their screw-steamer _Bolivia_, of 1925 tons, launched from the building yard of Messrs. T. Wingate & Co., Glasgow, in 1874, and which is perhaps the finest, or at least, one of the finest vessels now afloat on the Pacific. The details of this handsome ship, which has an average speed of 14 knots an hour, as have also those of the other vessels of the company, will be found in the Appendix, together with interesting and instructive returns of the cost of each ship complete for sea.[290] [Illustration: “SANTA-ROSA.”] [Sidenote: Future prospects of the company.] With the losses this company have sustained during the last few years, the differences between the shareholders and directors, and the charges of mismanagement and extravagance which have been alleged, it is not my province to deal. Companies and nations, like individuals, are frequently too prone to spend more than they ought, if unusual success has attended their efforts, or they find more money at their disposal than they can prudently or wisely expend. It has been so throughout all time and in all countries, and we daily see it in the case of individuals managing their own affairs. It is, therefore, not surprising, and certainly nothing new to learn that, when the directors of the Pacific Steam Navigation Company were favoured with many years of unusual prosperity, after many years of hard up-hill work, and were able to divide an average of over 20 per cent. per annum among their shareholders, they should have followed the example of individuals, of companies, and of nations throughout all history; and that, in the sanguine hope of being able to maintain this prosperity, they should have expended money in the construction of ships not required, and for, perhaps, even less justifiable purposes.