New-York tribune., 1868-03-18

had in making their contracts estimated the TAX
as other people The amendment would prSygnt p anId
heng relieved from the tax, nothing more, Whch "oui
he a waste Of tie public money. ~ 4,
Mr.. JOHNSON Dem, Md said that tho bill proposed
Mr. HOWARD rep, Mcb) asked whether the same
rule ought not toapply TO all execntory contracts De-
tween individuals
Mr. MORRILL, presumed that this was as far as Con-
gress llad gone or probably would CO. ,,-,,.
Mr.. HOWARD thought II unjust TO make any dl'tlnc-
The amendment was agreed TO- -. .,,,o,,,,oo,
Mr.. FEsSENDEN rep, Me- offered an amendn,enl,
shall be drawback allowed equal in amount 10
used in the building aud equipment OF saill.g YES,
sells He said it was copy ,5 OF 10, an an
adopted by the senate last year be nae hf
referred to the general object OF the BILL namely 10 re-
the pursuits that were not only beneficial TO
individuals. but to the country, among tue
Everybody knew that the navigating interest had been
almost destroyed. so far as regards shpbudlng The
those Of many other states, were, as rule, en.eiy
deserted and the country WIS fast being deprived OF
regarded important in giving high character TO
this country in the construction of vessels OWING 10 e
high price Of material they could not compete with the
provincial neghbors, who also had cheaper labor 10
thing could be greater injury TO the country than Tue
Mr.. SHERMAN Qicp, Ohl0 SAID that the dlmculV was
that this proposition 10 increase eXpeLse as an
amendment TO bill proposing to reduce IT, The snip
ping interests got the benefit OF this bill as other interests
Did. This was simply bounty to shipDuldors taken
from tho revenue. III would increase UHe DuIucus
other interests This relief in order TO relieve the ship
ping interests TO any extent must pe ,oN vfIy Ely
world and this would be relieved by a
reduction Of taxes and resumption Of specie payments
matter that il could be passed by the ls OF April
aud thus relieve the distress existing in the country
Mr.. FESSENDEN remarked that this species OF
"bounty the Senator snguary called IT, is princi-
pie that has existed since the formation of the Govern
men giving drawback Of the duties on certain man
ufacurng interest. But there any pursuit IN the
country that had been more injured than this % oi
SRiIangd SnRiHe gnd Ts TFsT Ike s% Suffered TSiS from
general causes. This suffered from general cause also
ing materials Crossing river his State you come to
country where there was no such taxation ana where
gard TO revenue the Senator thought nothing Of striking
from the internal tax several millions and yet objected
present burden upon that industry could be removed SO
IS to place on It's former prosperous ioGuhg was IL not
worth Whef Doubtless the enOFt would De 10 promote
the general welfare OF the country.
Mr.. HENDERSON Rep, Mo- offered an amendment
to the amendment including IN its provisions steamboats,
and other boats used in the navigation OF inland waters
OF the United States.
amendment. The drawback is a principle which has
always been recognized in the interest Of shipbulding
and the more necessary in view Of the fact that that
interest is now almost destroyed. lie menti9nsl Ihe
fact that In 1872 the American successes were chleny de
TO the superior sailing qualities OF the American marine
how far that had contributed To deter other nations from
attacking us. Now, the noble art OF shp-bmdlng Is
almost lost and the builders OF Maine who, short time
ago built tw0thirds Of our marine, are now uhepoy Gu
Ihe cOasting trade u leaving ndluS, ~
trcly ships built elsewhere If this interest Is not los
tered
Sir. SHERMAN rep, Ohio argued that the effect Of
the amendment would be that all ships would be bullt OF
imported materials He insisted that proposed to give
bounty 10 shipbuiders TO build vessels ia tins country
i'm the Interest Of business which was fast dying out
and beng replaced by steam vessels The time was last
coming when sailing vessels would disappear almost
entirely. =, =.
Mr. CAMERON 1}ep, PENN was Of the opinion that
sailing vessels would continue TO carry the heavier
fcIgs long after the Senator from Ono sherman had
ceased to DE a Senator The ability to pay tax came from
the commerce and manufactures Of the country he was
In favor Of the amendment.
on motion OF Mr.. GRIMES at 43j the Senate adjourned