The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-20

Prom the Philadelphia PenDsyfvaaian, July III "A.
The Herald, IN an article defending Mr. 'anueIp,
against he recent attacks OF the Hss ascrbes the ae
cline Of american ocean steam nsvga!son 70 ~.
drawa Of the subsidy BY ooosr ,ss ,Isssot deploraOe
condition OF that important interest," pu' ~ -. -
ness Of the government during the ast aen a., We
should have had 20 day the best ocean Steam 10
he world Nj Collins built the finest and neetest yes
sells that according 10 even Htish testimony, ever
steamed up The aersey oua Ssqnmsn, Vas ccncs1nsd
might have ,oted in her dock; ana now British and
German steamships eatng%pes ours tne proportion q
Cunard lines monopoize all the passenger and
freight business. While the British encou-
as m,a se {, nSTs ns in possible
republic had treated Collins, law and Vanderbilt most
meany and shaboiy eevatng to the highest places mere
potboise politicians, without idea beyond corrupt
job investing them with the power TO impede public and
eyes Of the world.
There great deal Of truth in this expose but II does
not contain the whole truth. Deeply as dcplofe the
fact that stupidity ignorance and corruption preside
our national councils feel not the least Inclination "a
say word in defence paation Of the action OF Con-
gress with reference TO ocean steam navigation il was
It's meannese and extreme paltriness utterly unworthy
the legislative assembly OF great country, but not
the only cause of the ruin Of our steam marine
II Is well known that when the subsidies were with
drawn the New York lines already ruined hnan-
ciay. Extravsgant and corrupt management had con-
r61ted their share that result The principal and
origin Of the evil lies however, deeper The fact is that
cannot in this matter Of steam navigation under the
pete the with European enterprise notwith-
standing the superiority Of naval architecture, ma
chnery and the somewhat greater swftness Of our YES
sells for the that cannot compete with
them in industrial erprses of various kinds In steam
line requiring millions Of dollars 10 start and work IL,
the price Of capital becomes vital consideration. Eu
ropean company enabled owing to the greater avaa
BILE capital in Europe, 70 obtain the requisite capital for
third fourth only Of the price which Ameri
can company has 10 pay. The European company OBJ
ains further-and this is another important advan-
agetbe labor required board considerably cheaper,
also supplies We're less Of importing
and more Of . manufacturing nation than we
are, under present tariff policy, financial
resources would be more ample, production generally
would be more efficient, and provisions more abundant
and cheaper and then should be the better enabled 10
cope with European enterprise the ocean, well as in
industry.
We do believe that without government subsidies and
comparatively high ones American steamships stand not
the shadow Of chance against those Of Europe for the
reasons assigned In other words without protective
tariff in the shape Of subsidies, steam marine cannot
keep the field successfully We have objection TO the
granting of such tariff but TO permanent advan
tages from such protective policy ought TO extend 10
all such other national interests stand in need Of it, in
order 10 enable them TO grow strong and powerful We
perfectly willing 10 do best to help the HERALD
and New York 10 protection Of American steamers, on
condition. however, that the principle be extended
10 our own interests