Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-06-03
THIRTY-EIGHTH CONGRESS
HOUSE.
WASHINGTON, June ..


WASHINGTON, June 2
Mr. Stevens reported substitute to the Sen.
ate bill amendatory of the Pacific Railroad act,
passed July. 1869. the consideration OF which
was postponed till Thursday.
Mr. Smith of Kentucky moved that when the
House adjourn tomorrow il be ill mex, Monday
week
The Speaker replied that the House could not
thus al journ
The House then went into committee of the
whole, Mr. Schenck in the chair, and took up
the tariff bill
Mr. Morrill,, ofvermont. stated the reasons at
length for change in the tariff.
Mr. Cox OF Ohio. said he had in sol pro-
tested against the tariff then pending a. great
fiscal tyranny, mountain of burden ON the
West
The present bill is an aggravalon of the tariff
OF 1862. The Government credit demands tax
alton, but not class legislation sectional al
vantages He demanded that the benefits OF
taxation shall not wholly one class and
its burdens fall wholly on another
lie proposed t0 discuss the benefits accruing TO
the mann turing classes, and the burdens i'm
posed on the agricultural and consuming classes
by the present and proposed tariff, and depreci
atcd currency.
In order to pay Tor one hundred dollars worth
of goods IN England. where gold is at 90. the
American merchant, owing TO the price OF ex-
change must pay STA in our paper: and
when he brings that amount of goods IN order
TO reimburse. he must sell il for Sl74 of our cur
rency, with freigh, and duty superadded.
These duties to be paid in gold. II the
duty Is forty and gold sixty, he must add 60 per
cent. TO the forty dollars which is equal TO twen-
~ four dollars, owing the 30 per cent recently
added 10 The tariff rates, he must pay in paper
thirty Two dollars more. that a consumer, i'm
consequence of deprecated paper and gold du-
ties has to pay 1910, or l70 per cent in addition
To the cost for every hundred dollars worth of
goods imported with duty OF 40 per cent. and
the ID per cent additional to this is to be added
the freight and charges and at least 10 per cent.
profits 20 import at this point of cost, the article
imported comes in competition with home arti-
Giles. and the aggregate of the items above con
sttute the protection or bounty which the tariff
rates from The consumer for the manufactures.
Thus labor is taxed in one pursuit for labor and
capital in another
Mr. Cox then showed that by the tariff of 1862
oh the Gata above iron received bounty of over
leu per cent ON "a paper basis ia consequence of
the difference of exchange. He then considered
some ter articles: cotton and wooden manuiac-
lures, paper, leather. towed clothing manufac-
trred, bools, 5hoes. soap, candles and India rub
Der goods, and showed that bounty on specie
basis was on an Average of about 60 per cent.
and Oh paper bcsis about $50 per cent.
Mr.. Cox proposed to amend the bill by having
the duties paid in paper money. thus saving to
the poor man and consumer tleast the difference
between gold and paper dollars
He concluded by warning the country against
this legislative oppression as having in it the
germ of future woes, and warned those in pow err
OF the retributive justice of God which through
an awakened people would sooner or later push
their enemies against liberty and humanity
colloquy ensued between Messrs. Dawes,
Cox and Blair
Mr.. Grinnell advocated the bill. denying that
il was a measure of oppression to the West.
AT A. o'clock the House took a recess till
~ o'clock