Mr. SHERMAN. I will only add a few words in regard to this matter. It will be remembered that the Present duty is 8 dollars per ton, and under that 14,000 tons were imported 2 years ago. The Senfrom Maine says 13,000 tons were imported last year. My information was that the amount was 32,000; but I Presume it is difficult to tell which statement is exactly correct. At any rate, we have the official basis that 14,000 tons were imported in 1865 at 8 dollars a ton. Consequently a duty of 8 dollars per ton on the scrap iron did not i.e. a very large trade. But before the committee the persons engaged in commerce and o.who desired to reroll this iron appeared and urged a reduction of the duty, saying it was really a raw product which they might gather up in other countries with whom we are oand that it was important to put the duty as low as possible. e yielded to that argument, and put it at 3 dollars. It seems to me, however, that a discrimination ought to be made between the cast scrap and the wrought scrap. There is no. in separating them; and it is proposed to make the duty on wrought scra only what the duty on both was a year ago. It seems to me that ought to be perfectly satisfactory to all interests, and I hope therefore the amendment will be adopted. I may say that this was the conclusion of the ComFinance after examining the whole matter until the resolution of the Iron and Steel Association came to us, and I now know that that was guided, as probably the action of most bodies of that kind is, perhaps of all bodies, by the interest of the parties concerned. In that association were a great number of men engaged in rolling iron, and among the rest one of the most valuable and eminent of the constituents of my friendfrom Michigan, a gentleman largely engaged in rolling iron. Of course they looked at this from an interested point of view. If we look at the question from a revenue point of view it is manifest that it is right to levy 8 dollars a ton on wrought scrap. The interest will bear it, and I hope the amendment will be adopted.