New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-04-12

dGction Of the imports and duties This therefore seems
10 me just the worst time IN which To- de-
regard to the revenue In the next place, if it
we're true that It perfectly safe 10 reduce
revenues Ihaye heard no argument 20 satisfy me
that the iron interest il that interest which ougb to bear
the entire reduction II 10 10 be entire de
parure from every principle Of equity to make the re11c
ton bear on this single interest alone Bot again if this
reduction Of revenue IS conceived TO be safe upon what
basis reckon hat during tho next three years
shall not occasion at home for all the which
we can collect we are to construct railroad, or aid
in the construction Of railroad to tbe Pacific Ocean
shah need after the liberal gratuos Of the public lands
which have been given 10 other rOsds to forfy the res
sury repensh and keep full, instead of reducing its
Thus If this proposition proceeds upon the ground
that We are TO remain Al peace, IT seems 10 me very OBJ
jeeioDable But who knows how long TO be able to
keep a. a party out Of the cOnvuson which s coming
in the nations OF Europe think can Say that our
neutral rights to be respected by the bege
in Europe that shall Lot become if not active
PARTY al least party far render necessary
u,e our military naval power for the protection Of the
rights Of citizens and their commerce In point
of viev tbetefore which can take of this subject it
seems 20 be unwise. have but remark to
make row see here proposition for the aid and sup
port Of a the railroads in the United States, believe
that in regard TO tire which has caused this measure
be brought before Us ii is reasonable and just in lin
tied degree But d. not know why, because railroad
in North Carolina is in need OF this aid the capitalists OF
Boston Of New Yok and Philade phia who engaged
with adequate in the construction Of railroads. as
largely and extremely is Consistent with the general
interests of sociey, to avoid arrangement Of the
whole Interests OF Tie 10
boon at hands and at the cost OF the other interests
Of tie county On these grounds not willing to
vote for this bill
Sir STUART said the bill was too important to be
passed 10 day lie moved for its postponement until TO
Mr. HUNTER said he had letter from the Senator from
Pennsylvania who would be here to night to morrow
He hoped the bill would be postponed:
Mr.. WELLER hoped this bill would not be acted upon
QUE b us s qs eject would be
American iron manufacturer lie desired to hear the
Senator from Pennsylvania speak the matter before
any action took place.
Mr. BADGER said he had no objection to the bill being
postponed until TO morrow.
MI RUSK said he hoped the postponement would be
for longer time He desired time TO prepare bill which
would cover the whole subject OF raroads IN me Cnted
States Ii important that something should be done
relative to the transportation Of the mails on railroads
in parts Of the country they carry mails or not as
the companies think proper They exercise power over
which the Post Office Department has control He in
tended TO propose that all railroads which shall carry the
United States mail free of charge under such restrictions
and conditions Congress and the Postmaster General
should prescribe should be allowed to import free Of all
duty all iron they should require for Their roads both for
having down tracks Orrepairs He would go furthersnd
to all railroads which should lay down double tracks in
any part Of the United States he would give portion of
the public lands Of the United States 1t was time Con
gress should do something TO the transportation OF
the mails from those companies who refused to carry the
mails the terms proposed by Government or who
would not be governed in their transportation by any rule
but of their adoption.
Mr. BADGER had no doubt but that the Senator was
right but bis measure was large one OF
consequence and ought not TO be embarrassed by such
measure that If tine railroad in which his State had
most interest was TO be benefited it was important that
the bill should pass at once, if at all.
Mr. PRATT said it could not make any difference
whether the bill passed month hence. 1t remit
ted all duties paid since July last and consequently would
benefit the North Carolina road if passed year hence
much if il passed He opposed to the bill,
and was opposed any action it The State OF
Pennsylvania which had greater interest in this measure
than any other happened at this time not to be repre-
scented in the Senate Both OF her Senators absent
Maryland also interested in the measure and his col
League was not present. This bill ought not to be
disposed of in their absence, and he hoped it
would be postponed till Monday week at east
The remarks of the Senator from New York
should be well considered by the Senate before any action
taken tbs bill. In an official document before
him. he found tables showing the amount of our indebted
ness he Id 10 foreign countries and It appeared tha tne
WILSON'S of Europe this vast amount may be forced Dak
upon us. We on the eve of great commercial crisis
and if these stocks be sept back there viii necessarily he
produced fearful revulson These things ought to be
well weighed and considered lie cause why this
Governme should give the great capitalists who have
invested their meney in railroads for the purpose of max
ing money the duties railroad roD which amounted to
nearly four millions annually II, however railroads
were to be thus aided why limit its retroactive operation
to the lst of July 1853 Those companies that imported
their iron and paid their duties prior to that day were as
much entitled TO this boon as those who were now about
Mr. WELLER said this bill proposed to give to the
railroad companies OF the United States about four mill
ions annually and this the Senator from Norm Carohna
seemed to regard very little measure which he hoped
would not be embarrassed by any other AT the hrst blush
il struck him as Of gross injustice TO all the other
roads which had paid their duties their imported iron
But be that as il he could consent to any ac
ton this until he could ASCERTAIN how the IRON
interests he American manufacturers were to be aheced
by it, If proved 0rou TO them he would not vote for
it, At all events he esired TO wait until the two senators
from Pennsylvania returned and had an opportunity oil
expressing how this matter would affect the interests OIL
that State
Mr. BELL referred to memorial presented by him
time since from the railroad companies IN his stare
asking for credit on duties on railroad iron also 70 an
argument accompanying H. in which he thought tha twas
clearly shown that the best course to adopt would DC 10
give credit for the duties railroad iron until three
years after the road shall be completed II the duies be
repe aled altogether the American manufactures would be
closed and forever annhiated and the English manuid
tnrer having then the monopoly OF the article would az
vance his prices equal II not above the pres
ant rate of duties limo var should take place in Europe,
the demand for the article on the Continent wouiu con
Time lie urged such would end 10 roster amer
lean manufactures and prove benehcsto the railroad com
Mir DOUGLAS said thst the argument mentioned by
the Senators from New ork and Marylan as to crisis
in the money market and the fall in the price OF stocks
was rather in favor of the proposition than against
The railroad iron mainly paid for In stocks ana II
these socks had been reduced in value the greater ne
cessity for taking of the duty on the IRON When
The rrce of railroad iron was very high and there
wos no prosrect of its being reduced. Ii the war
Goes ON in Europe the price will not be reduced peace
sbouId be preserv ed the which caused ITS
present high prices would continue those prices Inc
reason he had selected July 1883 for the
of this suspension that was necessary 70 A sIe
time and he observed that the prices mao eacheo ner
maximum about that time ....
MT BADGER said that he had no objection to the post
ponement but he did object to the reason gwen Oy Tue
Senator from California lorthai postponomen The Sen
sto desired the hill be postponed until both the Sena
TORS nom pennsy wanna should he present Dd thar Sen
a.or ever know the time when both the Senators rom
STATE were present; or could he say they ever would De
both present in the Senate at one time Iopospone the
bill until they both present would amount 10 an IN
definite postgonem ent -, ,,o sona,or. from, Penn