The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-12-03


several hospitals Of the country, At an average
cost OF about nnety-seven cents each per day, or
total expendi.ure OF sssc, 2es, against o total ex
average cost per patient OF 81 o.
The increased receipts and diminished expenses
year next preceding, show . net gam to the
government Of $56,S19 During the same Pc
furnished Waa greater than n even Sere and
the salaries OF medical officers at several OF the
principal ports were increased: The financial i'm:
scrutiny OF the applicants to the relief TO the
lection OF those who were not entitled under the
pital dues The law limits the charge for relief to
seamen belonging TO foreign vessels to rs cents
day, while the actual cost is nearly 81 Authority
TO fix the charge within certain limits, according
to the expenses incurred at the hospitals where
dalton heretofore made for the erection OF pa
vilion hospitals at New York, San Francisco
general business in the vicinity Of the
hospital at Pittsburg has rendered It unit for fur
ther use.. The Supervising Surgeon recommends
wood, with the understanding that after ten or
fifteen years. use they are to be destroyed and new
appears to be wise, being at once economical for
the government and advantageous to the pa
The act Of February Is, 1871, to provide for the
better security OF life on board vessels propelled in
whole or IN part by steam has not been In opera
all respects, but the result in the main
is satisfactory. The Supervising Inspector
General. in his annual report, recommend several
alteratOnq in the law, not afecting its character
materially! A bill will be prepared providing for
such alterations as. upon further consideration
FUTURE FiNANcIAL POLICY OF THE COUNTRY.
On the etn q May @ to Son
date the navigation and customs collection OF laws
Of the United States" together with q communi-
cation explaining the character and pur--
2se Congress- second SESSION.
l respectfully ask the attention OF Congress to the
bill and the reasons for its passage. The time has
come when the attention of the public is turned
naturally to the future financial policy Of the coun-
try. That policy must rest upon the past and the
In business and financial affairs that have re-
ceived the careful consideration OF the Ameri-
to impose heavy customs duties upon mercnan-
disc, and thus, without general observa-
soss AND Wn0u the gaen the %
government issued treasury notes for
Third, Ds system Of national banks was estab
re fhe wGom the
speaking generally, has been established, and,
subject to such changes as the changing con.
public policy nntfl the financial consequences
national debt mas been 50 great that for
more than ten years there has been no Opp0r-
tunity Tor the practical discussion OF the
doctrines OF protection and free trade, and IN
that long period Of an unchanged protective
policy incident to the burdens OF the war, the
DEVELOPMENT of its natural resources. Antici.
pating the condition OF peace, we may also antici.
pate general reduction IN the percentage OF
customs duties. The reduction, however, should
not be measured solely by the wants OF the Treas
ury but regard should be had also to the condition
OF the various branches OF industry in which the
In the presence Of the fact that the leading pur-
suits Of the country are stronger than ever be.
q supply OF intelligent aborers, there may
be a moderate reduction from time to
expenses Of the government shall permit, with.
on. either alarming capital or injuring labor.
For the purposes OF government the ,principles
given article at less cost than L can be
Free trade e IN but nation ns ssfps
natural advantages for Its production,
yet destitute Of sk IN the incident mt, art or trade
more more economical and a more constant support
natural facilities exist the period Of necessary
protection is short one compared with the
asneS Of Ss wholly T1s os s
abe nasdr1t facilities do not exist, then system
OF duties for protection is present and future
and rich, however, are the natural resources OF
the United states that we either are or may soon
and more experienced countries Of the world in
the production OF the chief articles OF personal me-
cessity, comfort and luxury, and Of the ma.
obtained. Hervin ID . SUFFICIENT justification for
the existing protective system. and for its
is the prospect OF ultimate successful com.
petition with other countries :, disturbed
atos s are ngca9 that coon tire osn Is
those. II, ten years since, 1t was the thought
Of any that the only way to q successful
wages OF labor to the European standard, that
thought has disappeared probably In presence
ss Maess Un ts ns
Dor, and OF The coexistine fact that the addition
aided In the development Of our resources with
out yielding in any quarter an excess OF products
Ths on
part ~ associated with higher and constantly
improving intellectual and social culture and
condition. 1t being given that an intelligent
person has all the special knowledge Of an art
or trade possessed by the most experienced and
special training and experience Is an ignorant
person, and equal advantages Of capital and ma
chlnery being given also, the Intelligent person
! production to such an extent that an addto on tC
his wages Of even 100 per cent represents but q
training ~ and knowledge of the ignorant man
is the basis Of the improvements made.
single American lab0rer, and then multiplied
many hundred thousand times, represents the
advantage OF America over Europe and Asia In
the contest for final peaceful supremacy in the
affairs OF the world. Thus is America solving
the industrial problem Of the ages by exacting
cheap production from expensive labor. The
reason Tor these remarks may be found in the
opinion / entertain that the tariff system OF the
country has contributed largely to the general
prosperity, and that such general and continued
prosperity is the only basis on which even wise
financial policy can rest
THE NATIONAL BANKS.
nv
war the issue OF United States notes and OF
notes by the national banks should be considered
together. Indeed. they are necessary parts Of
stituted for the other without general disturb.
ance to the State bank system and to any sys.
TEN OF private banks, while the substitution
OF an equal amount Of United States notes as
currency would be productive Of serious evils
and LOSSES First the national banks hold nearly
four hundred million United States bonds, which
otherwise would be thrown upon the market, alb
sorbing domestic capital, or, II purchased abroad