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CONTROL OF THE TELEGRAPH WIRES Thus far the government lias operated the rail ¬ roads at a loss but it is figured iu Washington that the telegraphs and telephones to bo taken over on July 31 will yield a profit yearly of not less than 80000000 owners of stocks aud beads being assured of their usual returns returnsThis This expectation may not be realized but it is to l e rcineiuliered that in the case of the wires we have not had 48 states regulating them and no national commission has undertaken to reduce their revenue while adding materially to their expendi ¬ tures Although questions of wages remain for settlement with the usual prospect that the gov ¬ ernment will be more liberal than private managers the financial problem facing the postmastergeneral is much less complicated than that with which the directorgeneral of railroad has had to deal dealNow Now that the final plunge lias lx en taken in the matter of olectrical communication for war pur ¬ pose it is probable that the fears of censorship so terrifying placed before us for some time past will be suddenly allayed The officer who is to tlirect the wires is the same who now directs the mails and the assurances of the President ought to satisfy the most suspicious New York World
