The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-03-19

lake from the treasury OF the United States desire there
fore tha present few statistics o the San
and he country showing he II AID, by means
OF credn oan which proposed that this government
snail Lye 10 railroad companies To get at The amount,
necessary ascertain At posi- lie the quantity OF fal"d
reo which sksy DC imported # this measure goes ialo
openon ana 10 d. that must look back ye'rpr TWO
for the pose OF ascertanns The anou" OF railroad "n
which has been imported subject to the dy ~ inc as
counts kept al treasury Department, ma mat all
rohed iron put under head 50 that Il IS ihcut 10
ascertain The exact amount Of railroad iron uu'
The wears 1852 and 1858 had however that upon II
made in ls5 upon the Treasury Department, Tor the
amount of railroad iron imported during that year. subject
10 duty asoeaned that there were one handrtd and
ninety hundred ana ninety tons imported
At the average price OF s25 ~ and winch at ry
per cent duty, sieIdd revenue OF 81 AZ s2O. That
Il, 1851 Sine then duriag the years 1852 aud 1853 the
mpo t,ion of railroad has largely lac eased have
tables showing the exact amount OF the yet
may Approximate 10 nhy looking al the general imporlat
of ron The value Of IRON imported INTO this country IN
1852 ss,o43 OOo, while in The previous year (o5ll
The value OF the imports of IRON but So 900 show
ing Increase that year OF - 100000 all KINDS Of
iron npofed into tbs couatry.
Taking data the 100 600 of railroad iron ascertain
ed 10 have been imported IN 1851 when consider the
large increase Of impoations 1852, and the sl
ing demand. OWING TO the great number Of railroads
about 10 go toto operation, may he fairly estimate d. and
sch The opinion OF the As slant Secretary OF the Treas
uy that there will be- during the 1858, from 2OJ0O
10 go ~ tons Of railroad imported into this country
FMS Is low estimate under the exsng laws; but If tns
amendment prevails the importation for The next hve
wall be greatly extended beyond that amount If you pass
in the Ued STATES Who ra,lloa non, they viii give
their orders Immediately for The ron in order that they may
get it in, and lay IT down WITHIN five years That Will
crease the demand, aud stimulate the importation. may
therefore, take a safe that $50 900 per
year will be imported uuder the operation OF this act
taking the value VIII ca is very low one IN 1888
$50 per ton, though IN England has advanced beyond ha
amoun', the duty OF uiriy per cn upon 1t will be SIS
ton. That upon the 25 1000 of iron imported
year during The five Yeas VIII make SIS OF duties
My impression that IT will exceed this, be
Jersand Ia up 10 eb0 per ton IN England
Mr.. FISH IL isover Si0.
Mr.. MILLER. am Informed it is El0, say $50 per
ton. THIRTY per upon that vii, give per duty
and will swell credit which propose give
To railroad companies during the five years about fifteen
millions of dollars.
Sir when proposed to extend the credit Of
the government to any other nraneh of industry The
country to that umounti Bulthat is not ALL This is
to be the end of This system. We have mad exper,ence
upon the subject already. Congress- from 1882 o 1899
passed various laws, by which they cred To railroad
compariescred,ls which amounted about three mi hons
Of doiaIsi and what Was the result have here
male 10y Mr. Woodbury. j" 1889, slo wing mad
med all those duties and given u, the bonds and the
language OF Secretary Woodbury., the United Sta es had
given do,aon 10 raroai comp Of upwards OF three
millions of dollars. The plea that thai the rail-
road enter rise in It's lcs ard needed encourage
men and that men RISKS in mvesuns their iaI
IN such enterprise Bot is III now! Why, ar, the
most Proh'ao'e-he most active interest in the United
States the railroad interest and compared with the iron
interest," has greatly the advantage IN me percentage o.
profit which raroad stock yields the persons who
heir So that, If This proposi prevails you
Wi moi only give credit OF ten fifteen millions ut dol
lars TO railroad companies, but end of the time tsey
VIII apply Cor gress, and ask you give up ,h.r bones
Ihi- la to be the et.ct upon the treasury.
Now beg 20 call the attention. :ial!y of the demo
crauc pr'ion OF The Senate TO the ele ito the injurious
unjust effect which this is to have the operation
of the tariff Of 1886 Sr The great and leading feature of
thar tariff that which commended 10 large portion of the
people OF the Unis States what denomnated
equality; that imposed dues without discri
~, favor OF ay interest another think the bl
wrs wrong IA that particular ! think IT ought to have
Disseminated IN favor OF domestic labor and especially
favor OF those great na nal interests such manuac
ture of ron glass, and other products which have foreign
competition, and also in favor OF materials But
the leading feature of that bill its of discrimination
favor of these interests The northern por,,ons
country, and especially the middle States, asked you
make some d ifc ence between iron, which we hay the
OF manufacturing and certain articles which could
not be manufactured in this country. You denied them
and declared that there should Toe scrminaton favor
OF any one interest however national What does this
amendment now propose? s 10 discriminate 10 favor OF
railroad ,mpanies-o give credit upon article
which they wish to use in their BUSINESS and TO what
amoun' To about onethrd Of value Of the article i'm
ported Onethd the, eore of the principal portion OF
heir capital they have ced for from the govern
ment of the Uaited 40 protect onss in this
Try ever asked for protection like this for any other later
ts no manufacturer oil iron contendng against the capital
OF England year after year, with almost hopeless
gle here and asked the government thus de
gush him. AMI protect him against other Yet
these railroad companies ask the give them
credit upon foreign which they buy abroad the
tent Of about onetbird of It's value.
ne nome acurer OF cannot give this credit
He cannot lay ont his money for i've years onthrd
OF the srce which he sells the railroad mpanies Yet
this says the railroad corporauoRs If you
buy iron England, oue-thrd OF tbs value OF thai,
iron, when gets here you sh i have credit for from he
of the United States PROVIDED you pay the United
States ak per ce" Is this fari cay is bo,h unfair
and uriust
Sir he manu- faotuers Of iron in this country have long
since gwen up spar all hope Of partcar projection
They know the Time has gone by for that, under ruling
powers of the day. Submitting to their fate, they pr
aring under the prosperous position OF this country TO
manfuly and individually with the manufacturers
Of Eng and. Will this government, just AT The very mo-
when eli cumstanres beyond your conrobeyond the
control of your hard pocyhave presented fair field for
that competitions and say the railroad companies
Buy your on England, and you sbail have credit for
oDehrd Of the of fsr five years, with chance
Of having " ali thrown of at the end OF that unnem say
this unfair; and perfectly nstonshcd that such a
pro pos ton should from Honorable chairman of
the COMMITTEE Finance, under Instructions from
Congress take off all duties upon railroad and admit
free Of duty Vgns the moth.r OF free trade, insruci-
her discriminate favor OF one particular
branch Of business In hs country and that too, most
odous kind Of discrimination in favor Of associated capital
'stsi SIR am enemy Of corporations i am no o2po-
ntnt TO raj osds. wish TO them flourish; but do mt
Intend IL Lean help to give them advantages IN this day
OF free trade by erlng this bill OF to-day pro-
lection such other branch Of industry ever had.
MIR HUNTER. Mr. President, i would sly To the SEN
from New Jersey this point that am not disposed
to peril the bill Of which have the management by pressing
proposition which cad 10 such depae 80 see THIS
0dl. therefore nuthoiz-d by evc'y member Of the
committee except himscfand as he speaking could
c.nsut him. 10 Withdraw the amendment
Mr. MILLER You cerainly have my consent, air. to
Withdraw the amendment | have much more TO say upon
this SUBJECT, but Il the will withdraw this odous