The Weekly Tallahasseean., 1901-01-03

result or this SUBSIDY. DelieVe Ho |
placed them at 100000 per annum
per ship
Mr.. Clay-"I desire to state that
| did not say the net profits to those
ships would be $3O4,O0O year. [ !
said that the gross subsidy would be
100000 year."
Mr.. Vest-'I understand the Sen
ator from Ohio to challenge the cor
rectness of the estimate made by the
Senator from Georgia"
Mr.. Hanna-"I did"
Mr.. Vest-"I wish to know what
the Senator thinks the American In
ternational Company, with the ships
they now have and the four ships
they are' building abroad, which, of
course, would come in for portion of
the subsidy-5O per cent. of it
would receive per year for the twenty
years, and how much in the aggregate
for the whole twenty years"
Mr.. Hanna-"I took a quotation,
if quoted it correctly, from the Sen
ator from Georgia. He designated
the steamer st. Louis, and said it
would receive $3O4,OOO. Am l
right"
Mr.. Clay-"Three hundred and
four thousand two hundred and
ninety dollars.
Mr.. Hanna-"And ] made inquiry
as to how he obtained those figures
A ship, as l said, only earns the sub
sidy while she is sailing, and eleven
trips is the maximum, in my judg-
ment, that can be obtained by
steamers of that class, taking into
account all the things which they
have to meet in the course of year,
and the calculation that | have made
upon the basis of eleven trips shows
that such a steamer could not earn
within twenty or twenty five thou
sand dollars of as much as the Sena-
tor from Georgia stated"
Mr.. Clay-"I desire to call the
Senator's attention to the hearings
before the Committee on Commerce,
page rs, where there is a table pre-
pared by Mr.. Clyde himself, who
testified before the committee in
favor of this measure. He is a gen.
tleman who knows all about ships.
We all know that. He puts the
exact amount at $3O4,29O. That
will be found on page 10 of the
hearing before the. Committee on
Commerce"
Mr.. HANNAH am not using Mr..
Clyde's figures. [ an using my
own"
Mr.. Nest-"If the Senator has not
already examined upon this point,
in the lreport of the Commissioner
of Navigation, Mr.. Chamberlain, for
1900, he will find that he states the
amount earned during the year by
the St. Paul at $3O4,290"
Mr.. Hanna-''DO | under stand the
Senator to say 'haviBg earned or
F'that it would probably earn?'"
Mr.. Vest-"That they had re-
ceived from the subsidy"
Mr.. Hanna-"Under the new bill?"
Mr.. Vest-ssUnder the new bill.
That is Mr.. Chamberlain'S own
statement, and he is the most fav-
Orable witness who can. be found in
this country"
Mr.. Hanna "Well, Mr.. Presi-
dent, the way of arriving at those
figures either by Mr.. Clyde. or Mr..
Chamberlain or myself -"
Mr.. Clay-"I desire to ask the
Senator is it not true that the Com
missioner of Navigation in his report
corresponds with the statement made
by Mr.. Clyde before the committee in
regard to the amount to be received
by this bill?"
Mr.. Hanna-'I am not discussing
that or disputingit. l am giving you
the figures that l have made as re-
result of my calculations"
If there had been good reasons
for putting the appeal upon higher
grounds than dollars and cents" does
any one suppose the astute Senator
, from Ohio would have lodged the
actual question of cost so long and
adroitly, with two such men as
Clay and Vest after him?
Not much. He would not only have
admitted it, but would have been
willing to foot up the twentieth year
price per ship-six million, eighty
four thousand and eight hundred
dollars passed on to the right
Gus appeal. 1t is truly wonderful
bo,,, copo&;ro ou1orc +bneo cso,,or-,