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Hawke's Bay Times, Volume 16, Issue 816, 25 August 1870, Page 3

The people of California, says the Australasian, are determined to omit no effort to facilitate the transport of merchandise across the American continent from Europe to Asia and Australia and vice versa. For that purpose, the merchants of San Francisco have formed themselves into a committee with a view to draft a bill which is to be submitted to Congress, exempting from Customs duties all goods received at any of the Atlantic ports and intended for transmission to the Australian colonies, or to any part of Asia, as also all goods received at any of the Pacific ports and intended for delivery in Europe. We may be certain that the great trans-con-tinental railway companies will strain every nerve to render their lines the commercial highway of the world, by reducing their traffic rates to the lowest point consistent with profit, and that they will be seconded in this respect by the subsidised steamers which are to ply between San Francisco and the Australian ports. By the competion thus established with our ocean carriers the people of the colonies 'ctmuot fail to benefit.