The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-04-22

tne reported from the committee all after the word
atbat . and insert the following
whee il shall be satisfactorily proved 10 tho Secretary
!, he Treasury that any railroad iron imported since the
s day july 1883 and prior 10 the passage Of this act
M The purpose of being applied TO the construction
ar of any Railroad has been actually laid down on any
,oad he shall allow drawback Of the duties such
abroad iron laid down; II the duties shall have been
~uaIly paid he shall refund the TO the company or
narty thus laying down said iron.
nssc q Had be IL further enacted, That much OF any
law now in force imposes duty imported railroad
ron be suspended from and after the passage of this act
uoa The LIST day Of july 1851 and no duties OF revenue
shall be collected Oh railroad iron from foreign countries
nnor 10 the said Let day of July, 1851 Provided hoosre
That the time Of such importation, the importers shall
execute the United States bond with such sureues ana
leh penalties the Secretary Of the Treasury shall direct
10 be by said Secretary conditioned that said iron
& bona @ imported for the purpose of being used for raa
for railroads. and for other purpose and To be aid down
and actually used by the person companies importing
die same within two years from the time Of importation
ard upon due proof furnished to the said Secretary OF the
Treasury that said has been laid down and used the
said bonds shall be given up and cancelled Ind propidsd
6,rtsr That shall be considered railroad iron,
within the meaning of this act except such is prepared
to be laid down rails upon railroads without further
manufacture
Mr. WALKER There is a case for which the bill, as
reported by the committee, provides which do not think
is provided for by the amendment Of the from t
nos II is that contained in the second section of the
mltee's amendment, where an importation has already
taken place. and bonds have been given 1t provides that
those cases shall have some relief. t
Mr. DOUGLAS Twill state to the senator that the pro-
position which make provides for all mportaons since
The first of July last, whether in bond or otherwise.
Mr.. BADGER. Allowing a drawback of the duties.
] Mr.. DOUGLAS. Giving drawback Of duties; other
wise II might operate injunously on mporations made
within short time past or short time TO come
Mr.. BADGER. desire 10 say That very decidedly
prefer the amendment proposed y the senator from Illinois
to the substitute reported by me from the Commee on n
think u has every recommendation II II briefly
stated, and do not that produce any material IN
convenience Ia the first places applies to railroad iron
which to be used for rails and other species Of rail
road iron 10 the next place. applies that railroad iron
which imported in such condition that can be laid
down without further manufacture In the third place.
proposes suspension for three years OF the acts OF Con-
gress evyng duties and by giving retroactive effect it
becomes IN effect the proposition which the senator from
Illinois submitted last Congress giving suspension OF these
duties on railroad iron.
think il has manifold advantages. In the frs, place,
he has said, revenue is ample To give credit
in the proposed by the substitute upon the importer
or company giving bonds for the payment Of the amount Of
duties and interest," TO give nothing the company ex-
cpt the mere delay Of payments but under the provisions
ohe senator's amendment there will be real beneficial
extended to this great and important enterprise
There is scarcely possibility that within three years the
will need the revenue derived from the duties on
railroad iron for any Of the purposes of the government
Con6nng the suspension TO that short period, may be
sure that injury will be done the governments and if in
the time any change shall take place which makes 1t
necessary that the government shall receive the advantage
Of revenue upon imported railroad ron as the senator from
Illinois has said will have nothing to do at the expira-
on of the time; but the duties will be levied as it this act
had not passed. 't tt
II seems me- with the treasury overlooking, that this
small benefit as Congress be expected TO extend
these great enterprises all the country, which tend
much to the prosperity not only Of individual portions
but the advancement the connexion, the cultivation of
intercourse, the exchange OF commodities, the cstdbiishneDt
Of good feeling, and Of united patriotic friendship among
the different members of this great conederacy hope
that my FRIEND the chairman Of the Committee on Finance
mr. HUNTER, will have objection to this amendment,
b., that he will prefer to the substitute reported by the
direction Of the committee.
Mr. HUNTER In regard to this bill, vote under ia
sructons regard the proposition Offered amend
ment by the senator from Illinois the nsruo
ions than the oher and incline TO link that is good
financial expeden greater than the wants
Of the government demand
Mr. SEWARD. wish TO ask the honorable chairman
Of the Committee Finance Mr. HUsrEa if he can give
general idea of the amount Of revenue derived from
duties railroad iron last year #fa e.
Mr. HUNTER. The amount of duties on IRON manu-
featured for rolling and other purposes was 1900 600
and most Of il was for milroad purposes
Mr.. SEWARD. l suppose that is correct. have not
the tables verify shall not detain the
Senate long upon this subject discussed II as fully rs
able at the last session Of Congress bill similar
to this, or to what this will be if the amendment Of the
senator from Illinois Mr.. DcueLksl is adopted, which
then aed-noi perhaps because the Senate was opposed
tor, but because Of the want of time to pass IT.
Mr. DOUGLAS. II was Withdrawn because there was
objection to attaching 1t to the general appropriation bill
MI SEWARD. IL failed, not because The Senate was
opposed to il, but for other Now, have to
say in regard to this subject that IL the honorable senator
giving credit for, suspending the duties upon
railroad iron to be imported for the benefit of the railroad
which he has under his especial care will vote for with
the greatest pleasure in the world will do so because
think that rnilroad very useful and necessary work
think IN the country where is be made that 1t requires
and ought receive favor ut the bands of Congress
and am free to say that would for that an
oepuon to general policy, which cannot adopt The
general policy which is proposed by the sestor from Hi
noIs remit tho duties railroad Iron for three
years That, | think, will be worse in one respect
than to remit the duties pcrmaneny-thst 49, indefinite
manufacture OF railroad iron IN this country uncertain. Il
WILL far II goes to discourage the establishment OF
manufactures for the making OF railroad iron probably
have the effect II il for the
duction abolition of the duty railroad iron altogether
AS soon the three years commences those who are
interested the Of railroads. and those who
Interested IN the manufacture Of railroad on in this ooon-
Try will be brought to the question, whit will probably be
the scuon Of Congress whether they viii at future day
remove the duty altogether, whether they viii suffer u
be restored OF the expiration Of the three years think,
therefore, that the proposition IL objectionable, upon the
OF the government far u operates upon tho msnufec-
lue OF rona great and extensive interest in this
try. -....#..-s
do not SEQ that because there Is this a
plus IN the treasury Of the United States able say
with confidence that would be safe to reduce
this particular uncure II crisis Of great interest
throughout the commercial world. We cannot plate
the which Europe presents whou, seeing that there
10 Do N all human probability, general pcrvsing
me continent OF Europe and reaching the continent, Of
ASA We sec that vast Of capital in Europe has
already begun to be Withdrawn from its customary
ments osbe converted into loans for the support Of
that loans have been made by France by Turkey and by
Austra, and that loans attempted 10 be made by Russia
we Know also that Enesnd is to be party in that
'eaalng party, end that funds a amount will mme-