The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-04-22
TUESDAY, APRIL IL, 1854.
RAILROAD IRON .

RAILROAD Iron.
The Senate proceeded in committee of the whole, 70
consider Senate bill No. 81, allowing credit for limited
PERIOD for duties railroad iron imported into the United
Sintss, reported from the Committee Finance with an
amendment
The original bill provides credit Of five years shall
be allowed all unpaid bonds heretofore given for duties
railroad imported into the United Sts,es, or the Ter
rores thereof and all bonds hereafter for duties
railroad iron which shall be imported into the United
ates the Territories, within the period Of two years
from the passing this act il shall DO made appear
the satisfaction Of the Secretary Of the Tssury ha the
railroad has been imported for the purpose OF being @
down on roads within the United States, the Territories
thereof M1r
The Committee on Finance reported the bill back with
amendment in the form Of substitute providing that upon
the oath Of the importer consgnee oil railroad
imported within years from and after the passage
OF this act declaring that such exclusively dsgned
for railroads within the United S,acs, the Tcrrore'
thereof the said IRON may be Withdrawn from the ware
house any time within five years, in any quantity not
less than penalty of forfeiture OF the bond pro-
yaea T. sasa s os'u 1s my unoa
the terms and conditions prescribed by law The oh
also requires suretss who shall become bound the Un
ted States IN double the Of the duties for the pay
ment Of the legal duties and charges. f
Mr.. ADAMS. move strike all tina, portion Of the
bill which orfcs double the amount Of the duty WI
be perfectly useless any Unforeseen should occur by
which tho company could pay the amount to expect to
double the proposed by the bill In suoh
il seems to that Congress would release IT, !
think the provision for the payment Of the debt and interest
MIR. DOUGLAS. will state to tho from Mis-
sisspp that have amendment which design TO otter
to the substitute OF the committee, and which, II meets
with his appreciation, viii Dispense with the necessity Tor
his amendment
| Mr.. ADAMS. Then withdraw the amendment
MIR. DOUGLAS. The substitute that offer ia TO THIS
effect instead Of giving credit railroad iron for limited
time suspend the duty railroad iron until the LIST OF
July, 1857 because II you give credit, not certain
that you render any substantial assistance the railroad
interest under the bill You will have uncertain debt
suspended over the company in perhaps, the expectation
that Congress may remit the penalties and duties when they
become due, without any certainty Of such remission
You compel the railroad companies therefore, to be ready
TO meet debt when they hope be required to meet ~
| and am afraid you neither benefit the treasury the
railroad interest OF the country by proposition Of that
kind We have now surplus Of money in the treasury
We hive larger than desire II duty,
u we can, properly reduce the within the neces
snry demands of the government. There no probability
that between this time ard 1857 shall need the revenue
arising from importation of railroad IRON ! know Of no
item upon which you take of with greater
facilities and advantages the great material interests Of the
country than upon this item. For that propose,
instead of giving credit Of five years that suspend the
duties until The first day Of July 1857 Then when the
period expires the duty again be levied now exists
without any other legislation unless Congress in tho mean
time should determine extend the time change the pol
ICY Tie substitute which offer provides for this suspen-