The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-18

York (Afr. Codman) and himself (Ir. Harrison) Be-
fore 1856 American bottoms carried two-thirds OF the
American commerce.; but to-day nearly three-fourths
of American commerce carried in foreign bot
toms, and we have to appeal to foreign shippers.
| To-day money was worth from two to four
| per cent in our great money centres Many
| of the holders OF this money would be
| glad to seek investments in ships, but now
| when they wish to do SO they have to go to John
Roach and other shipbuilders who could give them
only eight or nine iron ships annually, whereas if
the world were open to them a vast amount of sur
plus money would go into shipbuildins. The result
of the passage OF the bill before the committee be-
sides other advantages would be to give employment
to thousands of American seamen. and thus tend to
nurture seamanship to be employed in the event of
foreign wars
Messrs Fitzpatrick and Laurence. representing the
Vessel Owners Association of Philadelphia Calkin,
Of New York, and Goodall. of California. spoke in
opposition to the bill. Mr.. Cramp Of Philadelphia.
was also present.
The Committee on Commerce will resume the
hearing on Tuesday next.
COST OF PLACING UNITED STATES BONDS
RESOLUTION INTRODUCED IN THE SENATE BY
MR. SALISBURY.
In the Senate to-day Mr.. Salisbury. of Delaware, in
troduced the following resolution
Resolved, That the Secretary of the Treasury be.
and he is hereby directed to inform the Senate of
the amount OF commissions or other compensation
paid to bankers firms companies, syndicates and in
dviduas for services in negotiating the sale of bonds
and other obligations OF the United States from the
year 1862 until the present time when and to
whom such commissions or compensation were paid
and when paid to syndicates, firms corpora.
tons companies, to state the names
of the persons composing the same. and
also to inform the Senate whether any.
and, if any, what amount of commissions
or other compensation, have been paid to bank
ers brokers' firms, companies. syndicates and ndi-
yduas for services rendered in refunding any the
bonds Of the United States. and, If any such pay
ments have been made, to state when and to whom
made and also, whether interest has been paid on
called bonds at the same time that interest was
accruing bonds sold to redeem the same: and
whether such double interest has been uniformly
paid while the refunding operation in progress.
or on bonds sold for resumption purposes specify
ing whether there has been any exception to such
payments of double interest. and who was Secretary
of the Treasury at the time OF such exception, and
how much double interest has been paid on each
class of bonds and the total amount thereof;
| and whether the money received for bonds sold by
| any bank or syndicate has in all been
allowed to remain on deposit with tho ma
tionsl banks acting as government repositories
| of the banks and the length of time
| during which the proceeds OF the bonds sold
whether at any time any gold coin has been delivered
by the Treasury to any parties concerned in the ne
gotation of United States bonds otherwise. in
Change upon the security of the United States
bonds or in advance of the payment thereof pend
ing any call of bonds on which interest was allowed
| or paid up to the date of the maturity of the
call; and also whether any money in the
| Treasury held for the payment of overdue called
bonds has been left on deposit without interest in
any government depository and what was the largest
amount thereof ut any time stating the names OF
| the banks in which such money deposited and
| what security the Treasury held for the payment
| thereof when demanded
Mr.. Morrell. of Vermont. objected to the present
consideration of the resolution and it laid aside
THE SOUTH CAROLINA CONTESTED sENAToRsHIP.
| The Senate Committee on Privileges and Elections
held meeting to-day, which called for the pur-
| pose Of taking action on the memorial of Mr.. d. T.
Corbin who claims to be entitled to the seat in the
Senate now occupied by General Butler, of South Car
| DINA. Senator wadleigh ready to submit
| q report in favor of the admission of Mr.. Corbin
which has informally received the sanction of the
| publican members of the committee. but Senator
Hill had not completed the preparation Of the paper
which is to be presented as minority report and
action upon the whole subject was. therefore, post
| poned until Monday.