The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-12-24


second section authorizes and directs the Secretary OF the
Treasury TO purchase the remaining individual stock,
and appropates $500 Ooo or $500 share for that ppr
pose, and RENTS all tolls upon that event. except what
necessary 10 the preservation OF the canal The third
section authorizes the Secretary OF the Treasury to
lion OF the law OF Kentucky Of is42 and 10 accept the
sole ownership Of the canal uron the Of that act
The fourth section is one OF precaution only and Tor
which there will probably be necessity, but which ~
added complete the structure OF the BILL and to insure
the success Of s object II applies To- the stock psr-
chased in trust for the United States and with the money
consent Of the United States II thing done under
an act OF the general assembly OF Kentucky, and BY
resolve OF the private ockholders The United States
to have had nothing to do wth but propose 10 sane
ton the arrangement and to provide for its fuhment
the stock purchased in trust upwards oil the one
y, na saa near e ,h o. a S4as a,oa
chased with her money, needs no trustee 70 hold u Tor
her. except upon the condition Of complying with the act
OF Kentucky, to which she was not party. The bill
which propose 10 introduce provides tor that compl-
ance so that the only object which the Kentucky egs-
lature had in view will be accomplished.
have presented the evil, Mr. President, and the
remedy; the evil grevons oppression upon western
commerce-the remedy immediate relief from that op
preston by an expenditure OF $500 600 out OF the public
treasury. Western has itself exngushed the
private stock down to that amount by the enormous tolls
which il has been paying VIII Congress grant this
sum to cure such evil Will il do this little for in.
terna, while doing so much for external commerce!
do mol complain OF what is done for foreign commerce
but deem i fair on this occasion to compare the Two
branches OF commerce togetherexterna and Internal
and to the merits OF each aud how little is done for
one and how much Tor the other. assume the internal
commerce OF the United States to be greater than it's
terna and to employ more people and to Be more nno
foreign power; and less in its care because il
requires the protection OF fleets the guardianship
ambassadors and cossus and but little aid from forts,
lighthouses seawals, or break Foreign
merce the contrary draws heavily and annually upon
all these Of danger TO the government expense
TO the treasury The estimated for the support OF
the navychiehy kept up for The protection OF foreign
commerce, and for defence in the in which il may
involve usis for the ensuing year, We 42os54 81 For
support OF the house establishment the estimates
for the oil and Lighting $520sl SO; for repairs OF light
houses, s96ss o. for expenses Of boats, Ss6,-
sl5 "a Tor expenses Of beacons and buoys S37 o0S o2
Tor annual salaries OF light house keepers $ll9403 33t
for completion Of light $1,000. Support OF min.
listers and consus $2S0000 support OF seamen abroad,
$l25 900; for the survey. $360.OOo; continuing
begin it, and five previous continuations Of $27oO00,
100000, 100000, $4,000, and $l5oOoo.
There Of the expenses incurred, and that
nually for the protection OF foreign commeIceno all,
but the greater part except the wars in which this pro-
lection sometimes involves usas that Of 1912 with Great
Britain automatically proclaimed Tor free trade and sail
ors rights
do not cite these items o. expenditure great as they
are for the purpose OF obecing 10 them, but to show
how lavish are OF the public money in support OF ex-
erna commences and in that point OF view, and as the
highest illustration OF our care over foreign commerce,
must notice, little in detail one Of the items OF ap.
preparations which ! have quoied-that for The coast
survey This work in the British service is done by the
navy II is under the direction of naval officers, and is
executed by the men and the ships OF the navy. But
with the navy is not trusted with it. 1t is done by
civil superintendent, and under the supposition that
il will be skllfully done than il under the drec-
ton OF naval officer ] do not meddle with the ques-
ton OF The capacity or neaPaciy OF our naval ofhcers
TO do what is done by British officers. My business
now is with Congress- and to show its extraordinary
care over the interests OF foreign commerce This is
pre-eminent instance OF that Upon the assumption
that civil superintendent direct the work more skill
fully than naval oftcer-upon an assumption that our
naval othcers canno, DO this work well enough-upon
that assumption, hardly amounting to suspicion, and
that against probabtya director from civil lie Is put al
the head of the busness-a bureau, almost amount
ing TO department, is created. demanding this year
000 actually costing S406 900 for the current year
although the whole cost Tor the first thirty OF the
business only about 2,o0o The argesum demand
edast year voted without word the large sum
demanded this year will doubtless 60 with equal readiness,
and without the necessity OF word from anybody.
And all this, because the naval officers cannot do the
work, but upon the assumption that civil superntend.
do better Such is the extraordinary care oi
Congress to provide Tor the safety and convenience
OF foreign commerce, while expressing the domestic com
ing to fine and now hesltating 10 grant one years
amount OF the appropriation Tor the coast survey TO re
lisve that commerce from that infection Western CON.
by paying the tax ITSELF has orced the canal down
TO S39o,000. VIII Congress do the rest
To obvate all other objections. and TO satisfy The most
scrupuous either on the point OF money or the consu
lion, have TO say that the United States has received
back in dividends paid into the treasury before ls42, the
sum Of S257 7,77s-being S24,27s than the stock
her and that the Slate OF Kentucky, the condi.
ton OF making the canal feeexcept for its expenses
has by legislative act vested the jurisdiction OF the ca
nal in the United States
| now ask leave to bring 10 the bill
bill to remit the tolls the United States srock in
the Louisville aud Portland Canal Company, and TO plr-
chase the shares OF Individual stockhoders and 20 make
| the navigation OF said canal free.
Be IL emaeted, &c That the tolls acci ung on two thou
sand nine hundred and two shares OF United States stock
IN The Loasvle and Portland Cana! Company shall be
med Ia favor OF all boats which the shall
and collection shall be made thereof
SEo Had BE- fsrthsr enacted, That the Secretary Of
the Treasury be- and he hereby authorized and directed
purchase Tor the United States, Mt such lair and equita
bio price he shall agree upon, the remains due Of the
steck he'd by individuals in the said canal company and
the sum OF three hundred and NINETY Thousand dollars
Appropriated out of money Ia the treasury not other
appropriated deray the expense OF such purcba
sn every share purchased the collections o
tolls sha Immediately and the amount thereof be
csc. g. And BE- further enacted, That, Immediately on
completing the purchase for the United States of the re-
manning stock held by individuals In said canal company
the Secretary OF the Treasury OF the United States shall de-
OF all the shares therein which shall have bee1
chased In the United States under the OF the
general assembly Of kentucky Of February a. 1872 amend
aory OF the chauer Of said canal company and thereafter
craft passing said canal than shall be sufficient TO keep the
same In repair, and all necessary sUperinendencc
custody, and and OF the rate o tolls 80
imposed aud OF the collected, and detailed report
expenses aud Of the boats passing the shall be
annually, the first day Of January, by him laid before
Congress- 4fs Ne
sEc. T. A~d be a farther enacted That &c within ninety
said canal purchased in trust 10 the United States shall
be transferred her, and II the whole remaining stock held
individuals shall not be sold the United States tber
shall be nj
bnltlo haue