The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-28

diticnai aid 70 the Collins line Of steamer He sad that
when this line wss esablshed the British Cunard steam
ly voyages, and carrying eem monthly mails between
the points during the eight temperate months and
monthly mails during the four months and then they
had monopoly Of steam postage between tho
two countries We authorized the Collins line to
carry just the same number Of mails alternately with
the Cunard steamers and broke up the mono
poly. and divided the hostages Of the route equally
with Great Britain So far, all right and well But
recently the Cunard steamers continued their semi
monthly mails throughout the whole year while ours are
limited TO the eight temperate months and so the equality
OF postage revenues has been partially restored BY the
increase ofmas shall exactly alternate again,
and on every day that an American or European maj
steamer shall leave New York of The other line will
leave the opposite port and the monopoly will again
be broken and the complete equsy Of postage
will be restored We must dojust this renqush in
degree the great postal onee. o. the enterprise
the Sena,es Committee on the Post Dce Oh Naval Afsi.
and ON Finance agree that the service be thus in.
creased il il is 10 be ut all continued The increase then
not merely expsdent but necessary indspensa-
BILE 1t clear that increase necessary The pro-
petors decline to make the six new voyages for nothing
and to make them for $4,000 u voyage We cannot
obge the make them for this
or even make them for any compensation for they
beyond the contract No else offers make them
these terms or indeed any terms. We must there
fore apply to Mr. Collins and his associates enlarge
.ne contract But opening the contract for enhancement
opens Tor revision They consent to enlarge it, and
they show for reasons that while the average cost of each
The average receipts only ............ 4S2S6 IS
And that they incur average loss Of Sl692s 70
And aggregate loss amounting to s3Ss 574 40
They further show that capital Of three millions in-
vested has paid dividend and been reduced by inev
table losses 10 little than two and half millions
that their stock is sold in Wall street at SO
dollar and that even they would yet they cannot dis
patch another ship mail after the 18th Of May next
Something must be allowed If not for profits mt least
rtnovaton and so the actual loss each being
in round numbers S17 600 il is quite certain that an
crease of not less than $4,000 is necessary to keep the
steamers in vigorous and operation. All questions
the fairness of this showing prccuded by the or of
the contractors to Icnquh the enterprise TO the United
States or to any assignee indicated by them after the
contract shall have been icmodccd and by the neglect
Of any other party to propose, for new con-
tract. even the terms thus recommended.
At most by abandoning this enterprise only
about sSO0000 i'll two years Gould not more wisely
rcrcnch to that extent in some other quarter We
save as much and 10y laying up Of our fri
gates in ordiuary during the time. and twice rs
much by burning it to the waters edge No would
the letrenchmcnt proposed Towards the conclusion.
Mr.. $. adycrted to the trumphs of American skill at
every department Of commerce. manufactures. the
arts, &C.; in the courrc Of which he remarked
conjure you to consider, moreover that England
without waiting for and am sure without expecting
80 iDgorious retreat part il actually complete
ing vast web Of oceanic steam navigation based on
postage and commerce that will connect all the Euro
pean ports all of ports. all the South American
ports nil the ports in the West Indies and all the ports
Of Asia and 0ceania with her great commercial capital
Thus the world is to be covered with CONNER
cal system. ramihcd by thousand nerves. projecting
from the one head at London Yet stupcndous the
scheme Is merchants. conscious of equal capacity
and equal resources stand here besecching allow
them TO counterfeit its fulfment and ask of facilities
and aid only equal to those yielded by the British GO
yeInment TO its citizens and commercial history i
full ofpresagcs of successful completion 1t is contest
depending not aims. wealth. but chiefly
on invention and industry"
Mr. UNDERWOOD (whig of KY followed. lie said. he
desired information several points to enable him to
vote Understandings lie wanted to know if these
could not by proper system of economy be made be
s,i;-.ustaning lie went intoa critical examination Of
the various items constituting the expenses of steamer
and made estimate therefore from which he argued
that Independently Of the food of passengers the
pcnses ola steamer round trip to Liverpool and back
ought not to exceed S3200O lie said the sos 600 put
down as the average expenditure each tpcoud
however, willing in order to support the nc to vote for
an appropriation Of $4,000 trip but lie
gardod the proposed allowance Of $50 900 cxorbant in
the extreme.
Mr.. JAMES dem of r. H. got the floor and the sub
ject was then postponed
After short executive session. the Senate adjourned