The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-04-23


steamship out OF their respective ireasuresis very
expensive amusement, and one which VIII hardly pay.
II s an amusement which The people OF both coun-
tries dearly, II they enter fully into IT, For one, am
not disposed 10 carry further am Tor carrying ou The
contract with Collins. | Tor giving him what We
promised TO give him and il he should come TO bring
any more 70 The government BY the sea hostages aaa
that | am willing TO give IT, because that would be
pulling the enterprise on sell sustaining footing am
willing hold out the OF encourag emeni 10 encouT
age enterprise and develop trade but am not willing
TO enable him or any other person. company. 10 run
steamships al the Of the treasury OF the United
Mr. UNDERWOOD With the consent OF the senate
from irginia, | wish 10 make few inquiries OF him
hardly know how to vote, and have come to no de-
termination 10 the manner in which shall cast my
vote upon this question but want information. wish
the gentleman TO stale. because his attention has been d.
reced no doubt TO the point. II knows, OF whether he
does does know, that this line is not self sustain
ing now. wish TO know, from those who have ad.
dressed the Senate upon the subject whether they have
turned their attention 10 the amount OF the capital they
invested in building the ships and the capital employed
in hands and labor. and the amount Of profits from
freight and passengersl Ii 10 that in this 10.
yestgation before these would be very proper inqui
RES, and should like to hear some information IN re-
Mr.. GWlN. II the senator from Virginia will per-
init me Tor moment, ! will state that there was a
sworn statement laid before the committee. These
sells cost within a traction of $3 100000
Mr.. UNDERWOOD How many vessels are there
Mr. GWiN. Thefe are four the Atlantic. The Pacific,
pense OF twenty trips 65 900 and odd, and the
actual receipts 000show wing loss on each trip OF
nearly $4,000, or on twenty ,nps OF $33S,Ooo THIS
upon which acted
Mr. BORLAND. Does that aclude the amount re-
ceived from the government
MIR. GWlN Everything
Mr.. HUNTER They state the loss TO be $4,000 a
trip after the 900 paid by the government taken
out II this statement OF Inc propreors Of the Collins line
be true, then the amendment is futile. wish TO call the
attention OF the Senate 10 the amendment in connection
with this statement The prorretors OF this line say that
after this receipt Of $4,000 trip from The government
they still lose $4,000 each trip II IS proposed IN this
amendment To raise the price paid to them from $40 900 to
$4,000 per trip That is an increase OF about $4,000
rp SO that If we add that sum- they will still be losing
80 900 1000 per trip. There will still be that loss
the mere running OF the ships. allowing nothing for a
fund TO be laid up for for interest on the
investment. What good will i afford them, then, to
extend The relief asked for by this amendment When
these vessels want REPAIRS and when they are worn out
there will be no fund to supply them. and they will go
down Then, in point OF fact, this amendment would
afford relief
Mr.. GWlN. There was an estimate made of the
amount necessary for annual repairs. The oveplus was
the interest account which the committee not de-
termned to allow The loss is interest upon the capital
invested There is an estimate made for annual repairs.
There is an estimate made for each OF the twenty six
trips We know how much it has cost to keep the
vessels repair and how much has been received and
what has been expended.
Mr. HUNTER That would Still leave a loss OF some
three or four thousand dollars Trip and of all the inter-
est--say $780, oo-annuay. submit, then. that they
could have no motive 10 go on with business which
was nlictng them annual monthly loss OF
even that amount But why should go 10 expense
oil more than $000.0O0 or perhaps more than $SOoO00
year land | do not know which alternative oil this
amendment will be adopted. do not know whether
they will be rated 500 900 for twenty trips, that
the $4,000 additional is to be added to the $685. 600
now allowed. ask why should we go into this ex-
pendure for the purpose OF enabling these men, who
have embarked in the enterprise, 10 regain the money
Which they have lost
We agreed TO their own proposition. They came here
we granted them Wenot only gave hesu of 1896 900
per annum but advanced To them 1885,. 900 to enable
Them complete their ships In trying The experiment
they have lost; and they make such showing
ders il improbable that they make out OF il
business which will sustain itself What motive. then,
do to to these ships three four, or five
years longer, and, al the end OF that me 10 the
same conclusion 10 which brought now. that the
business will support itself, and that must be aban
doned, unless choose TO preserve 1t by way OF ma.
uonal amusement
though-rom the circumstance OF their having entered
into The enerprisetha they had claims upon the nation
II would be better TO compensate them for whatever they
had lost and put end 10 the sysem rather than TO IN
graft il upon our legislation II commence with this
we must favor other lines We cannot with justice shut
our eyes 10 the claims OF other parts. Shall we feed
only the rich, and deny everything 10 the poor II you
act upon The principle OF treating the different por
lions oil the country with parental you ought TO turn TO
The weak Tor the purpose oil sustaining them and moi feed
to repeon the strong for the purpose OF sustaining them,
and in such manner as throws The expense upon the
weak.
Mr. MILLER next obtained the floor, but yielded to
the suggestions OF senators I; and
On motion, the Senate adjourned.