The Montgomery advertiser., 1902-03-07

thing about it.'' es
 'Tt was only reported. you know" sus- Rested Mir. Tillman "and I thought the Senator being in touch with that class of people"
 why does the Senator say am in touch with themT' interjected MT. Han-
 "rhe Senator is man engaged in ship ping is he not?"
 "On the Great Lakes, yes." responded Mir. Hanna, but why does the Senator assume that I know what MT. Morgan has done?'
 II thought the Senator and Mir. Morgan were friends" replied Mir. Tillman.
 Knows Nothing of Purchase.
 T know nothing about the purchase of the Leyiand line by J. P. Morgan ( Co" said Mr. Hanna. "any more than the Senator does. That Is simply the investment of American capital. Under the provisions of this bill not single one of those vessels ever will como under an American register or an American flag" /
 MT. Hanna said capital seeks only in- vestment from which 1t can get returns.
 If that be true." interrupted Mir. Till- man why did the German Emperor not 50 to England to get his yacht built in8Jc64 OA CokAAu8 " titio SodhSAy
 Mr Hanna said that was something he could not answer. but he thought Prince Henry was glad he did not do it. Perhaps the Senator has not heard of the success and prestige of America in the watching line," suggested Mir. Hanna, amid laughter. The German Emperor. he said. wanted the best yacht and there- fore he came here.
 Mir. Tillman wanted to know what kind of yacht it was and Mir. Depew described 1t as sailing racing machine of the same type as beat the two sham rocks. -..-
 MT. Hanna declared that not an Ameri- can ship yard had a contract for another merchant vessel after the nine or ten vessels now under contract were finished. Everybody knows. continued MT. Hanna, that the United States is now engaged in a hand to hand contest with foreign nations to secure the commerce of the Orient and that the United States had been foremost and steadfast in Its policy to secure the markets. of China and hold them as an open door. F
 Line to South America.
 MT Hanna then said it was the pur- pose of the bill under the postal system to establish a line on the Atlantic coast to South America. England had gained her supremacy In the markets of the world by pursuing the policy of establish ing direct communication.
 Personal contact" he said. lis what brings results, and England, Germany and France are now energetically at work to put in the connecting link between the Pacific and the Orient"
 He spoke of the benefit the passage of the bill would bring as result of fn- creased trade with South American coun- tries. saying that the trade now went by the way of Liverpool and Hamburg in foreign ships and thence was trans shipped to South American ports.
 In closing. Mir. Hanna again adverted to the question of the cost of labor, maintaining that. wages in this country averaged 50 per cent higher than In Euro- pean countries. The cost of ships built in the United States was from 2S to SC per cent higher than those built in Great Britain, the difference in price of labor making the difference in cost. The diff ference between the cost of operating American and foreign ships was about 27 per. cent. the higher rate being paid on American vessels. He urged that the pending measure be enacted into law as the only way to demonstrate to the satisfaction of all that 1t would be beneficient in it's operation.
 At the conclusion of Mfr. Hanna's s speech Mir. Penrose (Pa.) offered a resolu- ton expressing the sorrow of the Senate at the Death of Representative R. K. Polk of Pennsylvania and providing for the appointment of a committee of Sena- tors to attend the funeral. The resolu- ton was adopted and the President named Senators Penrose and Quay Pa.) Culberson CTex.). Carmack (Tenn.), Gamble 6. D., and Patterson (Col.) as the committee. As an additional mark of respect the Senate then, at AIS p. m. adjourned.