The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-03

ra,.st ssans the subtseasury aud thst was all Tho
against their Interests They have not petitioned you
The nare of their business did authorize the asop
% ., Of their business compels than sethey
can't afford 10 warehouse They don't want longer
time than the sixty days aow sSs Warehouses will be
allied by goods of large capitalists, commanding he
prostracn of the small merchants or by ioregners con
nestle trade The warehouser Will have all the ad'ah-
tages in his hands-he will be enabled TO take our ms
Goods as they are wanted TO flood the market or TO de-
press IL Importing In foreign bottoms with foreign in
voices, he will deprecste the price to TIE govern,
the Senator from New York had urged IT, because It
ing trade Our navigating interest now more greay
protected than any other in the exclusive benefit oil e
coasng trade But will this bill further increase ms
carving trade Foreign ships be employed IN the
importing trade from rs TO 80 per cent cheaper nan
american are SI not ration in the
importing OF goods TO be warehoused Inc employ
of foreign ships had been steadily gaming on Amr
rican bottoms In 1924 the tonnage engaged IN our I'M
port and export trade, was -
OF United states vessels. .sisoOo tons
British bottoms. oo,ooo
In 1882 there were the following tonnagss -
United States vessels. Il 900 tons.
British bottoms. 4OO,o00
Showing great ratio of gain on the part of the British
carriers. Again, the system would work to the almost
exclusive benefit of the city of New York. Upon this
pnint Mr.. ii. argued at some length reading by the
way from the minority report of late Memphis Con
venon Besides goods designed by foreigners for other
markets will not be warehoused with us but at deposi
tories Of their own The whole principle of this bill
would tend TO the breaking down the system Of cash
duties from the natural operation OF this long credit
tenn The expenses of collecting the duties will be
largely from the necessary increase of officers
take OF these warehoused goods in such massive
quantities as is contemplated by the bill Upon the
whole MIR. Huntington regarded the scheue OF MIR Dix
calculated to be eminently deeterious injurious to
the business interests of the country and of advan
The bill was laid aside till tomorrow on motion of
Mr.. ARCHER.
THE PuBLIc LAND GRADUATION hill.
Mr. CsLHouN asked leave to submit an amendment to
the bill for the reduction and graduation OF the prices of
the public lands in order that might be printed for in
formation.
The amendment provides that all lands which shall
have been in market for the term of ten years. in the
first of March, ls47, shall be sold at price not
ceedng 81 per acre. After the expiration Of three
years more from ls47 rs cents. After three years,
from 1850 so cents After three years, from 1853 25
cents. And that at the expiration Of three years from
1856 from and after the first day of March, 1884, all
public lands remaining which may have been ten
in market on the first Of March, lS47 and which shall
have passed unold through the several gradua
tions shall then be ceded to the States in which they
Further that lands coming into market subsequent to
the year term of Is47 shall be subject to
the time they may have been in market to the gradua
tons of this bill
No person to be allowed to purchase more than one
section at the prices OF fifty cents and twenty five
per acre.
allowance of six months grace
The amendment was read and ordered to be printed
MIR BREEsE made report from the Land Committee, of
vding for the sale of the pubic mineral lands in Mich
gan and Wisconsin
House of Representatives.
WAsHIsoroS, July l, 1876
The House went into Committee of the Whole on the
bill to reduce the duties on imports.
Mr.. THOMPSON of Pennsy lvana, resumed his remarks
from yesterday in opposition to the bill of the Committee
OF Ways and Means He very earnest in the enforce
men Of his views and ably defended the policy of pro-
lection There proneness on the part of some gen
wild and visionary the theory Experience and nvest-
On the single article of iron the data in his pos
session shows that high duties have reduced price of
the article and he compared tariffs for the last forty
years, to show tat such was the case especially with
regard to sckes shovels hammers bar iron axes nails
grass sckles &c. And all this under odious" tariff,
IL had been designated He could not conceive how
the people of the south oppressed by
tariff law, and desired to the evidence Where were
the rcmonsrances aint t-where the memorials pro-
tesation There we're nono-the people from Maine to
Georgia satisfied with the of ~ He had always
Clay was no better Tariff than Mr. Polk Gentlemen
should not be ready TO condemn the tariff Some of
them were like the Jersey man. who had heard of
locomotive, ami who, when he alarmed by the
shriil whistle, and saw the smoke pouring out while
rumbling noise broke upon his ear afr lighted into
his house, crying, Good God, here the tariff
but instead of vapor, FIRE. and smoke and destruction
the cal influence of the tariff dispes want and scatters
abroad prosperity and plenty He opposed the bill Of
the committee generally, on the ground that if it were
brought forward as measure, it would be nefsc
tive yielding by five millions as much revenue as
of 1912 that would not afford suffciencv Of
revenue to meet the ordinary EXPENSES of the
msn and would ultimately lead TO direct taxation that
IL would change the industry of the people that il
would retard the national prosperity, sc.
During the latter portion Of the delivery Of the gentle
mans rcnarks dozen members kept their faces direct.
ed towards the face of the clock and soon as the time
TO which MIR Thompson was limited, by the rules ex.
PRED they sprang to their feet crying out all ut once
like voley of musketry, Z" Mr. Speaker-NIr sneak.
err" However, the floor was awarded to
IA, Mr. HHsTsn n Of Virginia long an advocate of free
mittee, believing that in the price of duties
on imports would be blessing only people Of
this country but to all mankind The day had forever
gone when this doctrine 10 be put down with
sheer or the cry of abstraction The theory that
high duties mnde low prices allacivus and our ex
perence shows that the effect of high duties not only
reduced exports and the amount OF tonnage but also the
price ofagricuural products The removal of resrc.
ions uade increased the capacity of consumntion
and he believed that the revenue would be nv
larger reduction than the bill proposed From these
points he argued, referring to figures to maintain his
position and spoke OF the facilities of transportation in
other countries and our own and insisted that trade
must continue pd'7 passu progress.
There were twentyour twenty-five contestants for
the door, aud it was awarded to
Mr. TooMBs of Georgia who said he could not support
the bill and he had not much objection TO the act of
lsia He would be in favor of modification OF some of
lect for discrimination, those articles which were pro-
duced abroad, and which did come into competition
subject to the hands OF those who had it under
their care.
MATTERS THINGS ~ GENERAL
Mr. WICK, OF Indiana enlivened the dizziness of the
debate by reference to subjects than that under
consideration The people the democratic people of his
State, were Tor modification of the tariff law of 1872
lie here to~carry out their views and 10 helm TO
annex Texas That was easily done and this point was
carried The one'half of Oregon annexed and that
was half point gained. lie had not said all of Ore
gon or none, but Oregon. However, majority in the
senate had said 40 and his constituents not in the
same fix about II as was the gentleman from Ohio mir
BrnkerhohD He had some latitude allowed him on the
question OF the tariff. His constituents would permit
him to make reasonable compromise with democrats
but not with the wings II he compromised with them
his constituents would forgive him. He had told
II they failed TO do so, ' wv
,u VIA, SHALL nv It'll MS coSsriTuENrs
Ihey can MIN Billy Wick, out there in Indiana They
would say, Billy Wick, how came Won TO fail IN mass
the tariff bill You annexed Texas and got into var
and annexed part Of Oregon half LOAF is batter than
no bread-but you tailed to modify the Now be
would have TO give OF himself lie had been
told by the wings that the democrats would not modify
the tariff Pennsylvania for protection on iron and
the tariff act of 1870 and he No