The Portland daily press., 1900-12-14

nations OF the old world as this prevention
Of American competition on the hign
seas.
'sThis marine industry" Mr.. HAMA
said, .sis promotive OF cur national pros
perity and at the same time Is one Of the
bulwarks or our national dsfenss. Inc
foreign commerce of the United States
Is four times larger today than In 1850,
and yet the proportion OF the foreign
cirrying trade IL now less than ons-third
what 1t was In 1s60. This is most hu-
initiating 1eciine IN the great national
industry,
After paying high tribute to Senator
Frye for the work he had done during
his public career In the interest Of the
American shipping. Mr.. Hanna said OF
the pending subjsot:
There Is no popular question which
appeals so strongly TO the American peo-
pie as does this one Of building up the
sea power OF the nation. It il simple
question of business as affecting the In
vestment OF capital, although there Is
a phase Of It that appeals to the patri'
otism Of the American people
Adverting to the amount OF the subsidy
which would bs drawn by the vessels OF
the American International comnany,
MIR. Hanna said he did not propose to
evade any OF thu ISLANDERS or calumnious
assertions of anybody in connection with
this matter, He declared that the four
ships of the American line which are
carriers Of mail had not made net dollar
since thsy came under the American ha0.
MIR. llama challenged the assertion of
Mr.. Clay that each of the fast vessels OF
the American line would draw S3O4, 4,O9O
annually from the proposed subsidy. MIR.
to the Testimony Of Mr.. Clyde, steam
ship owner, before the commerce commit
tee, In the course of which he stated the
American line vessels would receive that
amouns of subsidy.
81 am not using Mr.. Clyde's figures,
replied MIR. Hanna, "b1t my own"
Tnereupon Mr.. Vest called attention to
the fact that Mr.. Cham bsrlain, the COM
missioner of navigation, and one OF the
strongest advocates OF the pending meas
ure, had said the American line vessels
would receive 1904. 900 annually from the
subsidy.
After asserting that his figures showed
that the American line vessels woulo re-
ceive less than $780, OO0 u year, MIR. Hanna
declared that with the susbdy the vessels
of that line would not earn as much as
was earned by the vessals of the Cunard
and White Star lines under the raile sub
sidies received from Great Britain.
''There IS no profit In that line," de-
clared Mr.. Hanna, land there never will
bs a profit under present conditions
s'1hen 1 would like to know, said Mr.
Lindsay OF Kentucky, what good uoli-
cy there can ba in passing this Dill II the
subsidy Is insufficient"
MIR. Hanna's reply was contained In
a long argument in which be exclaimed
the fundamental principles of the pend
ing measure.
Mr.. Hanna, as he Brought his snseoh
to a conclusion, maintained that the
question involved In the discussion was
much broader than the lines OF the bill
wrcts 1t The measure was not designed
to bsnetit any particular class or indus
try, but to advance the intsrssts of the
whole country. The passage of the
measure would enable the Unitsd States
to avail itself OF the trade advantages
offered in the Orient and. he declared that
If we did not seize thess advantages 9TH
er powers would. in the event OF war
among any OF the great marine powers
which now wers carrying VA per cent
OF our foreign commerce, Mr.. Hanna
asserted the interests OF this country
would bs psralyzed and che situation
would bs deplorabls and rzinous,
But a. said he, in conclusion, "in
my appeal to the American people for
the re-sst .blIshment of the great ship
building industry, i want to put it on
higher grounds than mere dollars and
cents.
ait Ia away and beyond that point in
patriotism ana pride IN our national life.
AS to the popularity or unpopularitT OF
this measure, 1 stand here to say that
every line of 1t is in the interest OF the
American people Upon that basis l
make my appeal for its passage ana leave
the question IN your hands"
The Senate teen at 05 p M, on mo-
tion of Mr.. Allison, went into executive
session and at 3 20. adjourned