The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-03-03
THE UNION.

pools by mr. "it
the city of New York Elm
Mr. H. moved 10 amend the hill nv adopng sub :
tne therefor
Mr. WEBSTER said tb,t altar &, few remarks he
would move a. les, us st n 10 law that bill On the
table There was bill from he House on that subject
which he thought he could snnor, but the one now be-
fore The Senate in its shane he could not sup
port He saw no principle in il bnt mere partialy 1t
was assume the duties on the goods lost by the fire in
New York so far as respects The owners of those goods
but the underwriters on similar oood who had Maid for
tbe loss were moi 10 he indamn;Ssd us Would he GLAD
TO know upon what principle that discrimination was
made The loss on the insurance was as much loss
tina, on the goods was strange iJea 10 him that the
insurance Offices who owned The propery to the extent
three-per cent. Commission Thai principle had not
been recognised heretofore where prooery was lost in
insurance. and lust claims were made for Compensation
To try the sense of the Senate upon the subject he would
move to lay it on the table
Mr.. HUNTER and MIR PHELPS both requested the
gentleman to withdraw the notion
Mr. WEBSTER said that he would Withdraw il for
two mnutes-one minute for the senator from Vermont
and one minute for the So major from Virginia
Mr. PHELPS proposed an amendment which had been
examined and concurred in by the chairman OF the Com
mtee on Finance He had the same objection to the
bill as the one mentioned by this senator from Massa
chusets He would move TO strike out that expression
in the bill which applied to The insurance companies
Having offered this amendment If it should be rejected
he would of course let the question be ken on the mo
ton of the senator from Massachusetts
Mr. HUNTER had but single word to say at that
time and he would not have sail anything had no, the
to demand it, II had been asked upon what possible
principle could discrimination be made i'm favor of one
class Of sufferers those of another 1t the pre-
else discrimination which had heen made in reference TO
The sufferers from the fire of 1897 That BILL as the one
now before the Senate discrimnates between the in
surer and importer. The principle upon which the
surer was paid for the risk he runs-t came into his
business while such was no, the case with the importer
Mr.. BADGER said that he was opposed to both the
for the prpose of testing the sense of the Senate in
gard TO them he would move Law both The bill and the
amendment on the table
The question being taken on this notion il was de-
cleJ not TO Law ON The table by vote of ayes l noe.
10
Mr. BRADBJIRY inouraJ of the senator from Vir
GINA whether the bill was to provide for future cases
MT HUNTER replieJ that he supoos.d il was
Mr. BRADBURY suggested whether there might not
be some didicu,v in adon,ing the amendment Win rs
GARD "a the ri Insurance. Offices for ,be ossas
Ihey sustained They we're maid certain premium for
their assurances They wonId. in Thai case be inJemni
Ge 10 he verv losses which hev were nad IN
ter. lie would ask the senator from Vermont whether
Inc effect of the amendment, would he IN ndemnfv the
insurance Offices for Their in s,rance of good, DESTROYED
h fro, # sn be ,as onnosa5 70 II Te VS. onnnsej ~
IL far The smue Thai when thev nsnre ihev qet
the premium for which thew run the risk. '''~'
Mr. PHELPS would eypIain his object II was 10
rive the ;nsnrer Tho sane baneft nj the act that Tho in
snred h;msef ,vnuld have that is IN cav Il goods were
insured and tho insured received the whole voue of the
goods from The insurer no vond owe The in him self
Iha heneft of that ACT
M IA Holm b,ya M, road this b;Il mr. do
49, ~, ~, -. ; ~ '' J sa n ,h NJ Hi
now reads hat ,he insurer il moi n he maid hi
no ;ndsmn;tv ia Tn,;,ad ,o tho Goods ;nsnred ,n
not nyanared W vota for III. b;Il A. ! nnderstond
it. SIR All dealers sell their goods at price sufficient
+" nav for The insurance frs;rht eynenses and the
ye,sr, haz,rJs thev arc l;ahle ,o incnr and amony
thasa ;s the b,yarj nj fire. They charge a nrice
IN make the bns;ness nroGtabe eyervthinr consi1-
ered is Thai be so the dealer who "a not insured
ereu a DC 40 e aea,e Mho IS win, n1' h su ,"n
i insured The LATER are sefinsureI They char,e an
additional nrica 10 cover the risk nj fire The very arru
ment ~ains Insurers aopes In these dealers or they
are the Insurers Of their own propertv They charge an
ad,ionai nrcp re,a;m;nr in ih;s manner The nren;nm
charged bv other insurers have never seen nv way
IN as u,r r., danyn.h between his and other
masses our symo.thjes are so powerful that we can
scarcely resist Them But it seems 10 me that we should
ook at the facts and bearings OF our legislation This
bin is to make the government an insurer of goods
Now sir hold that the Droper way is to consider each
man who is not insured by others as self-nsured Under
this mpTession unless il shall be removed shall feel
constrained to vote against the bill
Mr. HUNTER said that he had word or two in reply
to the senator from South Carolina He had paid con-
siderable attention 10 thai subject Il was difficult to do
Justice 10 ali in case So Of this Kind That bill provided
Tor commissions but left to the Secretary of the Treas
ury 10 decide He M (aLuoN Nj had said however that
there was no difference between the insurer and the in
sured and in The other cases of fire no difference between
the merchants and the insurer There was great differ
ence The merchant expected only TO encounter the
ordinary risks of trade and he received in considerations
only what was sufficient to induce him to carry on that
trade This was the oniy government in the world that
charged duties on goods LOST BY fire. Since they were in
tended for the hee consumpion being DESTROYED they
could not be used in that way Others must be imported
to supply their place and the government loses nothing
by ontiing TO charge the duties on such goods There
were means of preventing fraud and of asceainng the
f,cts trha hill b,Jh boon ravisad hy tho Secr.