Mr. SHERMAN. Yes, mixed cast scrap. The wrought scrap iron is about equal to twice the value of pig iron. That is the statement m his Senfrom Maine will find that i am not far from right. Wrought scrap, that is old iron that had been wrought, brought here in form fit to". manufactured, is oworth aboutwice the value of pig iron; at any rate, it is worth a great deal more than pig. I was willing for one to yield to the argu mentthat it might be well enough to reduce the duty on cast scrap iron to the lowest possiblerate, say 3 dollars a ton, but I thought thereought to be a discrimination made betweenthe wrought iron and the cast iron, becauseone is twice as valuable as the other. Perhaps I am justified in stating that the ComFinance agreed to that view of the case, that there ought to be a distinction made when a difficulty occurred. A number of gentlemenfrom Pittsburg rePresented that undertheold system a great many frauds were practiced; that bar or railroad iron and other inds of iron were cut in blocks or nuggets and brought in as scrap iron, when it was really good iron, and all that was necessary was to roll it in the form of railroad bars. These gentlemen rePresented that 3 dollars was enough on the scrap cast iron; but it has since beensuggested to me that these very persons madetheirrePresentations from their interested stand point. They want cheap cast iron in order to roll it into bar iron, it being their manufacture, and they want a higher rate of duty on that which would come in competition with their industry. In other words, they looked at this matter from an interested point of view, and I must confess that the various rePresentations made to us about this iron interest did ratherweaken my confidence in the testimony of the gentlemen engaged in the business. After the committee had conformed its action to these rePresentations, much to my surprise I confess, a resolution was introduced and said to have been passed, and no doubt it was passed, by the Iron and Steel Association convention in this city, requesting the committee to make a uniform duty of 3 dollars a ton on scrap iron. I must confess that surprised me very much, because it was manifest that certainbranches of the iron interest were opposed to this uniform duty, and yet here was the resolution right in the face and eyes of the statementmade to us by intelligent gentlemen. 0n subsequent inquiry I found that this resolation was really the subject of controversy in e association. I think they were likely to reak up into 2 parts on it. I believethe solution of this difficulty would: to go back to the proposition of the ComFinance, othey made on the originalstatement made to them, to lay a discriminating duty between scrap cast iron, and rap wrought iron. In doing this we reduce the rate of duty and throw off revenue; but I an willing, for one, to yield to the argumerft, hich was very forcibly put, that this scrap Iron is just so much wealth saved if it can be gaffered up and brought into our rolling mills androlled into bar iron or melted into various ironsfor use here on the eastern coast. I was Perfectlywilling to give a discriminating duty, adit is a discriminating duty in favor of the Allantic coast: it could only be used on the oantic coast. It burg. never has gone further than It seems to me a discrimination ought to be made between iron which is so "aluableand that which is comparatively of little value.