, 1873-01-22


md thorc nro no legal obatructsonh IN tho way,
es tho act Of Congress- passed tn 1866, contem-
plating tho acquisition Of Tho telegraph by; tho
Government, aftor atatod d9y, was accepted ny
your Company as tye1l na others.
THE TELEoNApu coMrAnED WITH atAlIs.
To my mind all tho .polnts you mako agaln,fa1t
Government control Of tho telograph apply with
equal or creator force agatnst tho dovornmens
for the Government to nanugo tho hitter, II ia
equally 40 to manage tho former. Private on
tcrprlse has mitch moro to complain o. IN @ 1ho
oaso OF tho mails than Of tho telegraph. Tho
and many In addition, against tho Government
keepinB tho postal business out OF their hands
moua mail buuinosa, which now costs tho poopties
sss III Il than tho To-
the, oxpropB companies, would bo re-
duced threo-f -fourths in quantity BY high
charges and the groaa rGGeps thorofoc
less than newspaper, Bont by express, costs its
serdor fifty timoa M much aa Tho GoVornment
chargoa for tho snme weight OF newspaper, or
ether meabS tho IL nf thu nnae
service fall Into tho hands OF ''privato onter,
prises" I. e., expycaa companies, who would
manage It with ap oyo single to stoc1sho'ders.'
profit. We should tlon hayo as many: rates o.
postage, and ab cz zorbitant ones, % wo now hnvo
on OF Trees packages.
People WOULD NOT TOLERATE AN EXPRESS POSTAL
MONOPOLY.
After their experience o. the blessings of cheap
and uniform Government postal service, tho
people would not tolerate tho oppression OF
private monopoly for \ single month: You
Iafer to tho comparatively. fow persons WHO use
order TO furnish choap tc1egraplIy to that few,
But Is 1t safo to assume TINT, II the Goyorti-
ment should greatly reduce existing tolls, ae1i.
Gus deficiency would result, to be made good ont
Of tho National Treasury / think not. Tho
increase Of business would Locp pace with ro-
tintion OF cllaracB, until exceedingly low rates
woro reached. Whore ono man would pny dol
lar for q ton-wortt aeBpatoh ten mon would pny
Of 'tbe tbem "sa containinE m poraps hundod worlds
cas hea p1ry90' pthey bnyo " Urgent ny basnoas
account Of tho high tariff imposed.
But lowor tho price sufficiently, and The uun,- m
tod only by tic capacity Of the wiros to transmit
them, Thfs Ia no random gueeswork or moro
opinion Of mine, but Is proven by experience in
dront Britain, where moderate decrease OF
olD posrAI nATEs-EFrEcr or REDUCTION
You and l remember when tho Government
charged 25 cents postage ON letter; and wo
nlso romeuber how few wero 4ont, When it
there Wau loud outcry against it. 1t wan
claimed that tho reduction would inuro only 10
thn benolt Of MERCHANTS, bankers, and
npoculators, aud cause a great dencoucy
Of revenue to bo mado up by taxing
the moor mans coToo and Clothing. But
Tia re1uction actually incroosod tho roycnue
and dininished tho annual doAconcy. Again
and again Congress cut down the postal tariff
dietanco, one or two conts on circular, aud
onc. .fomrth Of a cont IN n norananor tn n reru-
lar eubsorbor: and ptill tho service ia ee1f:sup-
nortinc: tho ronortod deficiency being cauped by
thn franknt onf froe matter atid 8ulJR1flics mid
to ocoan. atoa,uars, Like cauHog produce like
affcctn. m thn Gnvornmnnt would aoole no proi}t,
hut merely recomuenao; approxirnating to coat,
It mirht gafeIy razo existing tolls 10 ratos as
thus popularIzo tnig Ije6tujnp dsseuinator OF
fhonfht ond infol1irnnco- md rsmnyn for-
avor thu snaor OF thonrhtlass nnr-
sone. Tint The teleprauG ia nat~
ors. stock ranaLlors dotectivos and politicians.
claim, as d truth Of political economy tint tho
consumption OF Whatever is desirable IL always
in proportion to it's cost, Mako desirable tllit,g
cheap enough, and there is no limit to tho, d.
/ exception to tho rule.
wArEnEp TELEGRAPH STOCK.
What vol state CONCERNING the ill-nayiug char
actor Of telegraph sioux rather s..rrrisos no. I
WAS laborpg under tho common Impression that
not 10 nor cont of tho market price of tic Wost-
crn Union Telegraph stock was uvor sulHcribodl
and paid In caeh by tho stookhol ldera hut that 90
por cent Of ita present stock and ya1ue
! aro tho product Of undivided earuinge and iasuos
tlo public have Furnished nino- -tenlhs Of tho
capita! in addition to tho cash dividends and cost
OF Lnaintonanco and operation. II am mis-
taken in thie opinion tho: Wholo public arc also
mistaken. But as the Company flaa mover pub
lished m ofllcal etatomont,, setting, forth tho
actual facts, the public will he opt to alhoro to
its present opinion until thoy do. You say ''it
las not been considered heretofore one of tho
functions Of our Government to make nny necsa"
s3ry cheap" | hive just specified 4 nloHt nota-
bo exception In tlin postal SERVICE. You 2lao rn-
mark on the other hand, it Inns hean tho uni
form policy for 80 years to mnGe many products
artifoially dear" In thero mt . alight inac-
cllracy ln this statornent1 a" recollcct, tho
oI e e o Iat maka ~
nrtideinlly doar: and tlo annunl raT1,eal ri
Faicrai taxea ainco 1g07 .onvinroa ma tInt IL IL
mt Tia nrosent nniicy of the floyornmont tn
mako nrnlcta nrt;fic}altv. dear hy n,aiuta;,,ine
hjri, tnxon md importv, You Inv dow, d pro,u,.
pitipn aY fundamental, in regard to LAe duty at
tile Government, in leaving tho supply Of wants
to nryato crmnottion fully s,l6Bcrihn to tho