, 1877-09-06

1ccted on tho mails IN tho ten years wero
$15O, ,000,-a loBs of $4,B50, ZOO. Including
interest on tho expenditure, the loss exceeded
$5, 00O, ,t0O. A writer III tho New York TINES,
to whom we nlo indebted for tho facts herein
stnted, rclatcs TINT at tho time this subsidy
WINS voted tho Company WAS paying
large annual dividends, md It's shares wero
selling In New York at from 100 10 t5o per
cent premium. Ontside Of It's steamships 1t
held other property III San Francisco and
New York valued At from $1,000, 900 to
S10,000.000. Tho capital stock Of tho COM
pany WIS increased 10 20,0oo, coo. Four
large steamships aud two large side-whocl
a1.ipa were added 10 tho line, at an outlay Of
$4,000, COO. The value Of this investment
has shrunk to $500, 400, the steamers boing
now worthless, except to the ship-buildor
for materials. Tho trade hns never pad its
expenses. Tho market value Of tho Com
panys shares has ahrunk from $40, ,000, 600
to $4,000, 900; all It's property e1cept tho
operated coast line, which has boon profit
able, and tho China limo, which has been
losing from tho first.
The cost Of tho whols foreign postal serv-
leo Of Tho United Statoa for the year 1876
was S7o2, Oh, Of which $500, 900 was paid
to tho Pncido Mali Company for tho monthly
mnil to China. The total cost Of all tho
transatlantic ulails for tho same year was
$l7s,343, ti,a latter being dispatched four
times week, and tho China and Japan mails
onoe q month. Tho mail.lnatter sont during
tho year by tho Atlantic lines thus COM
rares with TINT sent by the China line
Sent 10 Europe by Atlantic steamo1s, $685.
$50 letters and 1000, 600 papers; sent to
China and Jnpan, 0G, III letters, and received
1863, TT lottezs. Estimating tho number Of
letters brought TO tho United Btatcs from
Europe to be as great as that seut We have
nearly 10000, 900 tetterB, transported at q
cost of $l72, 200, while VIC paid 5000, 900 for
carrying 100, ,434. The total receipt Of post
ages from, tho China and Japan mail was
S18,G70. The mail service was divided b.
tvoeu tho Pacific Aiail Company and the
other, M unsubsidized company. Making
allowance for this, Tho people Of the United
states wcro taxed at least 81 for tho
transportation of each lctter cnrriod
by tho Paciac Mail Company. OF tho
exports from San francisco 10 China and
japan, considerably moro than lalf tho ton
1usBo " cestieu oy a1o uu8ooeaui1oo Ane*
The import trado Ii not sufficient 10 support
moro than ono line of steamers. Tho secrot
Of tho employment OF the large steamers Is
tue 's'1.'e ~ ontneSs 'la'a'8sas!on' WHICH Is
the only profitable part OF the tralo with
China. Tho faro Ia $40 on Chinese stocrapo
,,o.ao,cer anil tho r,,rtor t+<,,,h. -, ~.
~, -, ~ ~. u.''
t1'p nas otten cAeeeaea a.ooo on1heses Ihe
regular steamers facilitate and encourage
Chiueso i1nmIoration. Il In oueat;onahlo
,,bot,.o- .,,,, rert,on -, a.. A., a,;... .,aas,
"'4's".' ao5 pN' ''o' ~ ''io 2'o'e''e'a.' I"op'e
1asor tAo appropriation OF money from tho
TreaauEy To maintain and encourage Chinese
intni1rntton.
M, 49,,
ny l"@ cotn!auJ ~ LIZ oa'neso 11aao Is
chilled tito occldontal d Oriental Company.
In 1876 It carried tho mail for the ocean
postaocs atone- and IL otai,net1 IN havo car.
H., 40 ,,,,.,, ,,.u m..,a. ~. ~. p,.;n. ~,
',oa - 4AaSa ,A''A' 'a''t ~ .,o i.'e'ao aial'