The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-06-15

''Net profits on the above twelve railroads g per cent
There other roads finished and long enough opera
on give ful for year As the receipts Of
all Of these rapidly Increasing Is quite ceraiha the
net profits In the coming year will be more than ton per
here learn that the average profits on these roads are
nine and quarter per cent per annum, Yet when their
reapng such profits these when they are
pocketing immense annually aR the result OF the
stock invested In these improvements they coming for
ward and asking Congress 10 relieve them from burdens
which imposed upon every farmer and mechanic in the
community.
These overgrown spccuators these wealthy owners Of
railroad stocks who have invested their money and means
in these improvements because railroads pay better than
any other form of investment are organizing committees
to obtain relief from burdens which are borne By every
farmer by every mechanic and by every laboring
the community who uses iron. The farmer the mechanic
all classes who iron are 70 bear The burden Of the
which the tariff imposes, while the owner Of stock in
railroad corporation Is to be exempted from the iron
tax The plough, the axe the chains used by the
farmer, the anvil the vice, the hammer Of the black
smith the ciisc the auger, the adze Of the car
penier and cooper-all, all 10 bear the iron tax.
bore Congress for their relief The aboring Of the
nation cannot afford hire agents for such purpose but
corporations can afford to do Corporations are objects
of special concern, and the wealthy Of railroad
stocks and contractors increase their wealth bv nun
ming their locomotives over untaxcd rails.
Now, sir II this proposition had merit In IT, why is IL
that corporations alone selected Why should not the
legislation be uniform and general Why should IL not
be made 70 operate on all classes Of the community alike
WY Nnould corporations hione nave te beneht 0t H.
while individual members Of the community who may be
very little able to bear the tax made bear the entire
burden
In addition to all this sir suggested by friend at
my side Mr.. BRECEINRfDsR Of Kentucky The remission OF
the Is for the benefit Of railroad contractors who have
already made their agreements furnish railroad iron
and have received il since July, 1882 and 10 be in
ceipt Of between this time and July 1856. Why
should Congress undertake by its Legislative action
provide for that special class and 10 adopt system Of
special legislation for their benefit unequal and unjust in
itself towards other classes OF the community who
much entitled to the benefit Of the Of government
and to the benefit ofequal legislation these corpora
Gons2
object to IT, again because this mode Of special legisla
ton win prevent revisal Of the tariff II will prevent the
tariff from being revised and reduced TO the stand
ard thereby securing fair equal and just revision Of that
Cannot any with half eye that those
who pressing forward this railroad scheme here
represent the odds and ends Of all parties Here
large number OF wings believing in the policy of pro-
lection. Everybody knows that the wings the main
proiettye-tarh party and that il they allowed to
relieve themselves Of tho burden Of taxation railroad
iron In which they feel interest when we their
aid 70 assist In general revision Of the tariff they will
decline giving " Pass this measure and they have gotten
OH they desire
And thea they will leave those who are ant-proectou
lists here and who for free trade near on approach
TO u as possible 70 help themselves best they NAV The
democratic party said TO have sixty or seventy
loriiy in this hall but who believes t7 do not think
there is reliable democratic majority here You will find
that whenever this question Of the tariff comes
mp there win be democratic majority here 10 settle Il
You viii hbd that among the democratic party there are
great many northern tariff democrats and great many
nor calling themselves democrats who used 70 belong