The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-12

Which mas caused thn measure to b. brought before
uB, it is reasonable and just in limited de-
gree But do not know why, because : railroad
in North Carolina is in need Of this aid the capital.
are engaged with adequate in the construction Of
railroads as largely and as extensively consistent with
the general interests Of society AS to avoid derauge
ment Of the whole interests Of the country ought Also to
receive this boon at hands, and at the costs Of the
other interests Of the country On these grounds
Mr. STuART said the bill too important to be passed
TO day He moved for its postponemen until to morrow
Mr. HUNTER said he had letter from the Senator from
who would be here to night Tomorrow
He hoped the bill would be postponed.
Mr. WELLER, (dem.) of CAL hoped this bill would not
be acted upon without due consideration He did not
wish to vote on il until he could be informed what it's
eject would be on the American iron manufacturers
He desired hear the Senator from sneak
on the matter before any action took place.
postponed until to morrow.
Mr.. RusK, (dem.) Of Texas said he hoped the post
poncment would be for longer time He desired time
to prepare bill which would the whole subject Of
railroads In the United States It 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 which the Post Olce Depart
mcpt has no control He intended to propose that all
railroads which shall carry the United States mails free
OF chrrge under such restrictions and conditions
Congress and the Postmaster General shall prescribe,
should be allowed to import free of duty all the iron they
should require for their roads, both for laying down
tracks or repairs BE would go further, and to all
railroads which should lay down double any
part Of the United States he would give portion of the
pnEtsc OF the bnlted states IL time Congress
shorld do something the transportation Of the
mails from those companies who refused to carry the
mails on the terms proposed by government, or who
would not be governed in their transportation by any
rule but Of their own adoption
Mr. BADGER had no doubt but that the Senator was
right but his measure large This of
small consequence ought not to be embarrassed by
such measure rs that. II the railroad in which his
State bad most interest to he benefited 1t i'm
portant that the bill should pass at IL at all
Mr. PRATT said il could not make any difference wheth
er the bill passed now or month hence II remitted all
the duties paid since July last and consequently would
benefit the North Carolina road if it passed year hence
as much as If 1t passed now. He opposed to the
bill and opposed to any action II now The State
OF Pennsylvania which had greater interest in this
measure than other happened at this time not to be
represented in the Senate Both of her Senators
absent Maryland, also, was interested in the mea-
sure. and his colleague was not present This bin
ought not to be disposed of in their Absence and hc
hoIcd it would be postponed till Monday week at least
The remarks OF the Senator from New York should be
well considered the Senate before any action was taken
on this bill In official document before him. he found
foreign countries and it appeared that the amount
over twenty millions OF dollars In the commissions
of Europe this vast amount may be forced back
upon u.s.. We are on the eve of great commercial
crisis and If these stocks be sent back there will neces
sarily be produced fearful revulson These things
ought to be well weighed and considered. He saw no
why this should give to the great capt.
tasts who have invested their moneyn railroads for the
purpose of making money the duties railroad iron,
which amounted to nearly four millions annually IT.
however, railroads were to be thus aided, why limit its
reroacton operation to the 1st of july 1852 Those
pr.r to that day much entitled to this boon
those who were now about to construct roads
Mr. WELLER said this bill proposed to give to the rail
road companies of the United States about four millions
annually; and this the Senator from North Carolina
seemed to regard as very little measure which, he
hoped would not be embarrassed by any other. At the
first blush it struck him Of gross injustice to all
the other roads which had paid their duties their i'm
ported iron But be that as it may he could con-
sent to any action this until he could
tain how the iron interests Of the American mauvfac
turers to be affected by it. fit proved injurious to
wait until the two Senator's from Pennsylvania returned
and had an opportunity of expressing how this matter
would affect the interests of that State.
Mr. BELL, (whig) Of Tenn., referred to memorial pre-
scnted by him some tir1c since from the railroad
panies in his State asking for credit duties rail-
he thought that clearly shown that the bsst course
to adopt would be to give credit for the duties on rail-
road rcn unt three Years after the road shall be com
peted If the duties be repealed altogether the Amer
manufactures would be closed and forever
and the English manufacturer having then the monopoly
equal not above the present rate Of duties If war
should take place in Europe the demand the article
on the Continent would continue. He urged such q
and prove beneficial to the railroad companies.
Mr. DOUGLAS said that the argument mentioned by the
Senator'S from New York and Maryland to the crisis
in the money market and the fall in the price of Stocks
was rather in favor of the proposition than against It,
these stocks had been reduced in value the greater me-
cesty for taking of the duty the iron when imported
The price Of railroad iron very high and there
goes in Europe the price win not be reduced peace
should he preserved the which caused its
present high prices would continue those prices The
he had selected July 1853 for the
Of this suspension was, that ii necessary fix soe
time and he observed that the prices had reached their
maximum about that time.
Mr. BADGER said that he had objection to the post
ponement but he did object to the given by the
Senator from California for that postponement. Tke
Senator desired the bill to be postponed until both the
Senators from Pennsylvania should be present Did that
Senator know the time when both the Senators from
that State present. Or could he say that they
would be both present in the Senate at one timer To
postpone the bill until they both present would
amount to an indefinite postponement.
Mr. PRATT sad that Of the Senators from Pennsyl
vania would be here to He had been detained
for long time in Philadelphia by illness The other had
been as attentive any other member but de
tained in Harrisburg by illness.
Mr. BADGER and Mr.. PRATT continued the debate for
some time on the merits of the bill.
Mr.. BAYARD, (6cm.) Of Del, opposed the bill
Mr.. STUART withdrew his motion to postpone until to-
morrow.
Mr.. PRATT moved that it be postponed until Monday
week Agreed to, by yeas 33, nays o.
AL half-past two Mr. MASON moved to go into Execu-
tive session.
Mr.. BRIGHT, (dem) of Ind moved for an adjournment
The ast motion was agreed toyeas "a, nays II. Ad.
journed,
Z. House of Representatives.