Russell & Ca, were the premier shipping firm in Shanghai for many years when the Settlement was in est advantages offered by the opening of outports to establish steamer connexions. The trade between Shanghai and Tientsin was carried on for quite a long time by sailing ships, small barnes and brigs, several of which belonged to James Shephard, of London, owner of the old James Shephard of which I wrote in a former article. All of these were rapidly displaced by the fleet of steamers placed on the run by Russell & Co.—the Manchu, the Shanse, the Szechuen, the Chibli and the Shengking—the last-named lis. the only one still running,—renamed Haean. The entire fleet of river steamers and coasters was sold by Russell & Ca. to the new]; formed China Merchants 8. N. C in March 1877, and that Company has attained its present dimensions and powerful position by the enterprise and careful pilotage of Capt.
Text read from the printed page and cleaned; old type leaves the occasional error.