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hile in ours it would barely prove an average of 6-1/2 cents to 2 cents. On the other hand, it is reasonable to expect a very rapid increase of letters, because the partial reduction in 1845 has already given the people a taste of the advantages of reduced rates of postage. The whole number of letters now sent by mail is 52,000,000. The number would, without doubt, be doubled in one year, which would give a revenue of above $2,000,000; $2,080,000 from letters. There would also be a very considerable increase of income from papers and pamphlets, and a great saving in the article of dead letters and newspapers. It is safe to estimate the revenue of the post-office, under the new system, at $3,000,000 for the first year, $3,500,000 for the second, $4,000,000 for the third, and $4,500,000 for the fourth, which will bring it up to what will then be the wants of the service, making the most liberal allowance for improved facilities. As an illustration of the capability of retrenchment in expense, let it be remembered that the present Postmaster-General has effected a reduction of nearly _a million dollars per annum in the cost of transportation alone_. He says in his Report: "The direction to the Postmaster-General to contract with the lowest bidder, without the allowance of any advantage to the former contractor, as had been the case before its passage, had the effect of enlarging the field of competition, and reducing the price of transportation, except on railroads and in steamboats, to the lowest amount for which the service can be performed; and will reduce the cost of transportation, when the other section is let to contract under it, but little less than a million of dollars per annum from the former prices." In other words, our letter postage is no longer taxed as it used to be, to give the people of other sections of the country, stage coaches which they do not support, as well as mails which they do not pay for. There will doubtless be still further reductions in this branch, in proportion as the knowledge becomes diffused among the people, of the profits of this business and the freeness of the competition for it. As Mr. Dana suggested in his valuable Report in 1844: "The difference must arise from want of competition, and a reluctance to engage in the business of transporting the mail. When the attention of the North shall be called to the subject,
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