Wooden Ships.

Argues against General George Washington Goethal's plans in constructing thousands of wooden ships. Description of the futility of the scheme for wooden ships; Discussion of the impracticability of building a thousand wooden ships; Importance of the form of contract for the building of wooden ships; Debates concerning contracts and design of wooden ships; Consideration of the novelty of the project; Examination of the lump-sum contract, approved by General Goethals, which is regarded as certain to disorganize wage-scales.