The New York herald., 1869-03-03
in use, In either Of which contracts can be
enforced according to the terms Of such con-
tracts. The question Of coin contracts is thus
set at rest
sailors, snug narbor, Again.

An old resident Of Staten Island, one who
dwells within the pleasant neighborhood Of the
home of old salts and ancient tars known as
Sailors Snug Harbor-a most euphonious and
appropriate title for spot where battered
maritime humanity seeks safe port after the
long voyage of life before and behind the
mast-brings us to task for our comments
upon that institution. We give portion OF
his communication, which is couched In the
following words:-
Living In the immediate vicinity OF the Sailors
Snug harbor OF Staten Island, and knowing init.
matey the officers OF the institution, may be pre-.
this most useful charitable institution and Of It's gen.
eral management; and also personally know many
With W me eu and y = shown he
There are, believe, over four hundred; the income
Of the property Is ABOUT elghtyhve thousand dollars
giving little more than two hundred dollars for each
sailors maintenance. IL is necessary that strict
economy should be exercised; and 1t is certainly
receiving but twenty-five hundred dollars year
and The other officers in proportion. / mention
these Lhngs generally because | have seen with
regret IN the HERALD recently some articles calcu.
lated TO prejudice the public mind against the ;nst-
luton; and am sure you would feel the regret
n you knew AZ well as do the admirable character
Of this worthy charity and the faithful manner in
which the meaning and intent Of the will are carried
out. and what blessing 1t must be for them have
such haven to look forward TO. The amount
stated in the HERALD OF three hundred thousand
dollars as the income q the property Is very much
exaggerated. The present income IS about eighty
five thousand dollars which WIN, however, be In
creased by thiry-six Thousand dollars II the arrange
ment with Mr. Stewart Is carried out. 1t cannot be
supposed that you 1eel the same interest In this in
stitution that do; but anl sure that you feel
ments, which are SO widely spread to the remotest
corners Of the EARTH ana this account hope that
you Will pardon me for thus intrnding upon you
We give our correspondent full credit for
his carnestness Of purpose and his thorough
honesty in defending the management of the
Sailors Snug Harbor 1t is evident that he is
prompted by the most commendable feelings
of humanity, and that he is conscientiously
satisfied with the management Of the institu-
tion. But at the same time we reserve our
right to entertain a different opinion, and to
express it in our columns We have not COM
planned of the mode in which the institution
ON Staten Island is conducted, and here our
correspondent mistakes u.s. 1t may be made
very comfortable for the four hundred old sail
ors who are sheltered there. We have no
doubt that it is. But we hold that, with the
immense estate under control OF the trustees,
the benefcence of the institution should be
AoIO iai8cy oAechuou onau ~ 10 uoW. We
suggest that there are means enough at COM
mand TO give the comforts of a home TO many
more dilapidated old salts, if the estate were
properly managed, and we continue to hope
that the matter will be agitated until this re-
suit is accomplished We do not assail the
management Of the establishment at Staten
Island, but we do think that the estate could
be managed SO as to obtain larger results and
carry out better the sensible aud charitable
spirit of the donor.
The FLOYD ACCEpTANoEs DECLARED WORTH
LEss.-The well known claim of Russell and
Mayer on the government to be paid the
amount Of those acceptances of Floyd while
he was Secretary of War, which were impro-