The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-08


II Is stated thai The supe. iolty oil Brush machinery
anu knowie0se OF the business by British mecnan-
les give an advantage over American shipbuilders
equal 10 a. least ten per cent upoa The OF
sfructon." lie further remarks mat cur shlpbu Id
eri pssess ardiuonal advantages IN the cost OF Ia
bor the cost OF ron Goals and oGner materials ana
The rate OF interest upon he capital employed which
are equal IN al - about twenty per cent more; so
mat ''the difference IN nvOr OF British ship
builders Is al least Thirty per cent? Ii might
nave rave been supposed That, having shown That
the American shlpowner can buy what he
wants. tnirtv per cent chearer tnan he could get
u mao al home, MIR. Boulweil mad pointed out to
him The rlgn market in wnIcn To acauIre new
shlps. Ear from II. 10 Is not eaough 10 remove du-
!ies on lorei1n arlices e,npioyej ~ the c0nstruc
ton OF iron ships IN the Uniled states Mr. Bout.
well does not SHRINK from the proposal that the
goverhLlent should pay snipOwherS out OF the
sS aUc In ,ne ere oT ro
lul consideration OF the whole subject l am pre-
pared co advise tue passage OF law guarantee
ei-n trade American Dut FIRST class iron
steamships, Of not less tnau two thousand tons
nve years oil TIE sum OF $40 per ton. The subsidy
should oe propo: uonately less To vessels OF lower
going proposal. Mr. Boutwell, does not state whether
lie intends to guarantee The smpbul0ers, who are
Tor carrying ON trade winch, without aruncial sup
port. must be carried on al loss. TIE people OF
the uniled States can, ol course AFFORD TO ritter
money away Ia experiments OF this kind u 1t pieases
them We cannot. however, believe tnat tue author
oil tins proposal rate, either tneir energy meChani
Cal skill at It's true value.
Cheap IeieGra phic COmmunicatiOa Between
England and America.
movement Is on foot for the establishment Of
cheap Geographic communication VITA America,
""u COPY u tue ioliowing circular on the question
mas been addressed to the principal Chambers OF
Commerce throughout the United Kingdom:-
l; Is proposed that the governments OF Great
BRIAN anu OIL the intel States should purcna se
the existMg cables ani New.oundlaud land lines.
gng only sacn rates Tor the use OF The cSbes as
pose one. QUOT on the sisTInr tnriir wod snin.e
Tor the present. That Is 10 say, messages OF ten
81. The gross earnings OF tue Anglo. AMERICAN aud
French cables, lnc.udinx the snare GA receipts
accrulng to the Newfoundland COMPANY nave
now redched abOut t7UO, JJO per anuum, and TINS
amount Is earned with only one-half OF the avail
abe power beng employed. The existing com
pinies are earun.. WIN t7U0 90 Il year gross re-
cops ABOUT iii ecu per their Ordin .ry cap-
tar alter allowing considerable sum Tor reserve
But In view OF Tue pOssI mites OF competitiOn the
Shareholders would oe content TO DISPOSE OF Their
property W thouJ demanding eAUrbiLaut terms It
may pe-saielS ASSUMED mat tney would accept ESQ
shares vi ~ eac Tue land lines ana cables on Inc
New IuunoIand com any can ne .con,re., for .nort
these nnes, tue an immed iate Purchase 6y
Tue gGv '. "ents wou,d on THESE Germs, oe less
cre,s,, m n.,.rs FAIL, n, tr,, n ,",yor n III
8uait.onai caulcs ought o be iaid from Ireland To
NeWioundiahu or halua1 IN NO. Scotia, and the
won man Ne nnnn, >, AMI an. ano me so..a nn vung
ODtdlleu on The J0Iut anLec the Engllsn AMI
!ne Oniled States governments. Dy granting annul
ton Of w,c oe ran,e w yed nso 0 ' rs eAp 81
charge, except maintenance Rae annual sum To-
Wnic the governments would mus commit them.
selves Would he 4o2JOJJ. For tnis annuity they
would have male over 10 them the three worKin1
cables, now caring LOO w "a wear with only one.
hall vi ther cap acIty eploycd Two new ca bes and
the connecting ialu liues. AZ mas been fOuud Ihnt
with eacu sue esslye reduction in rates rne nee
oil lhe teieIrapls uas caur,nou Sy Increases "a "a
tvidea ced from the ,act that he earnings are now
m Non
were formerly at f2O per messare AZ one
smiling per WORD, ana with four capIes ont ar tne
live constantly enlpiv,eu the receIpts would Ina
A47O vv the expenses Of ali Ine i'm - Including re-
pairs WOuiu not exceed no., uO. leaving n ha tance
OF 1870 90 10 meet an unnu n charge terminabe IN
thirty wears, IL t5.O.OuO ~ n a,parenf hnwever
IL al the reduction 10 ono sni,linu ner WORD w MD
MOI be tal but Cat sill Inr ner reou,,uns miynt
lie maze and me hummer OF cal,es inc r.a seo On Inc
same pian o, lei lnl bic An Antics without pecomin0
any Duraeu on the twu yOveruments inc ,nrm,na
be Charge Tor len ca los "a ouIn NJ. ehss N MA year
wnicn wouo be earned nv e,ght Of the cables IN
working ORDER III lur rse or Sc venneure ner wor,i
and So on ud ,iuuuiu ON the exury nj the annui,,
Nn bo