, 1873-02-04

heo sAtulBH LILO jon but they Rf01uflllsl0u' ING
members that tho lattor may oxplatn to thcr
country" constituents tho wisdom. Of robhing
tho Treasury. An instance Of this kind il fur
nishcd In sotno nguros presented to Congress in
support Of etoamship subsidy.
Tho Company asks Congress- toisauo National
bonds to tho Company for 913,o0o,ooo, for
which thcro aro to DO built twenty iron Htohm-
slips; tho Company to pay tho principal Of tito
bonds ut tho ond Of twonty yoars, tho Btonn1-
ahfrH to bc tho security. In rotrrn for this loan
Of money, Tho Company grave]y statoa tho fol-
lowing pcouniary results: Tho cost Of nain-
tanning tho twonty BtoamshipH for twonty yoara
wilt 10 9146, 900, 900. In that timo tho Company
will educate a number Of sailors, whose education
will boworth to the country 81, 100000. The Gov
ornnont In those twonty years willrccoivo e7e per
yoar from ta1eB from cncl laboror and mechanic
brought oyor to this country; that tho number
Of theso will DO $4,000 q year, and tho total
rovonuo from this sourco will DO 9fo, 10000.
Tho Company expect to bring over and land in
tho South 10000 immigrants every year, nnl
TINT each immigrant is worth 81 900 to tho Goy-
,ernmcnt, and iu twonty yenrs tho aggregate
wealth realized by tho country from this source
will be 0o,ooo,0oo. The result Of 'al1 this iu,
thnt, ut tho end OF the twenty years, the account
enrront will stand as follows:
Government profits on 100000 immigrants
aoverhmpnt tax on 3ioooo 900
Money expended BY Steamship Company 14oooo,ooo
All this money fH tho pront.of merely lending
this ono Steamship Company e15, 900, which
money will be paid baok ns tho end Of two,lty
years. This eBtimato iB deficient In ono I'M
portant itom. If tho mere loan Of 913, 1000, 600
will, in twenty years, not tho Government
9o6o.00o.00o, why not double tho loan, md
thereby double tho benefits ? Why connne this
grand Investment to ono line7 Why not have
twenty lines, lending to oach $4,000, 900, and
thus onablo tho Government to mako, in d
single yoar, enough to pay off tho whole
puLlio dobt2 What world Of trouble It
would savo A1r. Boutwell,. Tloro would
be no further uao Of syndicatos,
and the further issue Of Or por centa would
DO avoided; all taxation, except, Of course, on
tho mechanics and laborors, would bo unnecos-
Hary, md tho Government would hayo enough
money to buy up all the rest Of tho American
Continent, including tho Atlantic md Pacific
islanas. The history Of finance may DO esearohed
in win for such productive loan as this
s13, 900 900 will be- Ono objection to 1t is, that
It is too emall Why not mako It 100000, 900 at
oncp, and thuH forever rid thia Government OF
oil further financial trouble and render taxation
| Of all kinds forever unnecossary2
When TINT subsidy bill comes up, each NOM
ber Of Congress- who votes for 1t will send to Ills
constituents the above recital and estimates Of
! tho money value Of the benefits to result from
passing the bill, and constituents will bo OK
pcctod to beliove that tho only inducoment the
member had for voting for 1t waa tho o1peota.
| tfon that tho Government would receive an.
nually s48,o000 600 dividend for tho mere loan 0!
| $13,000000. It is a sud commentary upon our
Legislature, when tho Committee on Commerce
Of the House Of Representatives gave one day'E
session to hoaring this argument in favor OF thi.
subsidy robbery.