New-York tribune., 1880-02-06
psnis'. He said that that was bold and uawsnausss

assumpton' ID point OF fact. He said:
1t true that railroads are asking for the ,e
tiop, but SPEAKING OF the railroad interest as wLe,s
fs not true that they asking for H. There il po,
single great trunk line OF railroad CONNECTING the ssa
board with the Northwest that asis for the rednc ea
There is not memorial the files OF the eommittss
@ Iy r Ps OF m % Foes
suggest TO tho Committee for best known \,
biz did not aHdfs to MI ds
Mr.. Vanderbilt in this matter NestSas
Companies are asking for the reduction, bnt are
opposed to It, In the West, one road Is definitely repre
sented being favor OF the reductonthat ia the
the Milwaukee and St. Paul Road the Chicago RoeS
Island and Pacific Road and the Alton and 81 Lo es
opposed it, And will within days lay before he
Committee memorials IN opposition 10 the reduction
IRON railroad conpsniee, %nlen wii mske IN FONT Of
est the railroads that represented In favor OF the
reduction Almost shriveI into insignIflcance.
am prepared to prove that the estimate of 100000
tons OF steel rails required this year or next
mand would be. Mr. Wilson not only overestinated by
100000 tons the demand tor eteel rails but updeS
estimated quite largely The capacity Of the American
mills. These mills can produce for the current year
froa 100000 to 100000 IONS of steel rails Takne M
POOrs statement as correct, that the demand Ter
1900 900 Of stee and rails what the espsc
iGY OF the American mills for mat demandi They have
500 900 tons OF steel rails, ana of 6oo ooa
OF rails-a total OF l4O00O0 tons. We havs
been assured M Poor aud others that tons Of
steel rails already been ordered abroad and will be
received In this country during the current Thera
Witnessed But Mr. W ison bad curiously oveTiockea
The increase of capacity OF the American mills ibe
Bethlehem mills viii within the current year increase
their capacity by 10000 tons the Pennsylvania steel
Company, theirs by 100000 tons the Northern Chi.
oagO Rolling Mills theirs by 10000 Ons and the Scran.
ton Mills, theirs by 10000 TONS IU fact the capacity OF
the American mills will be increased during the current
year by 100000 tons.
Idsny That there was any general guarantee OF Ava
years this country against ten In Great Brit
ain. deny the correctness OF the statistics OF the l.
Central Railroad Company in regard to the durab
ty OF English ana American iron. Those statistics were
prepared the purpose or exhibition 10 their American
stockholders have before me similar statistics kept
by the Pennsylvania Railroad Company showing that
removals or American rails were IN eleven
years only equal seiOO cent the removals OF for
eign rails fifteen equal 10 10 zIOO per
per annuf aud that, taken IN groups Of tnee or four
the removasof American raliS had been only Dor
ceut while the removals OF English rails had Deen 20
per cent during chat time.
Mr.. MlS--YOu say that the railroad companies are
opposed 10 tee reduction OF duty steel rails What
objection have they to iti
Mr.. StorrS-ibey opposed TO II for this reason:
First they do not believe that while this Hurry lasts tho
reduction OF duty steel rails WIN make tue difference
OF dollar ton ~ thor price. In the next place they
the control of she whole business to foreign manufse
urers 50 that ultimately and IN the long run The redGc
ton OF duty would be- OF no advantage 70 thenl
The ChairmaD-I want 10 correct an unintentioDal
by Mr. StOrrs Ia the opening or his REMARKS
hold memorials from railroad companies In all parts OF
the United States from all the Pacific railroad comps
nirs from all the Southern railroad companies and sole
from Northern and Eastern Railroad COMPANIES assAg
for TINS reduction Of duty. 80
Mr.. Storrs-I have every of them and still
adhere the statement which madetnat within ten
days viii place broro ihis committee memO,lhs rom
railroad panes against tho proposed reduction OF
duty winch Will be largely IN excess iD every point OK
view OF the c0np9nes TO which the chairman has re-
ferred.
This closed the hearing the case, permission being
given for the filing OF other arguments.