Mr. MORGAN. I present the remonstrnnce of the Chamber of Commerce of the State of NewYork avainst the passage of the bill now before the HoRep entitled “A bill to provide increased revenue from imports, and for other purposes.” Inasmuch as this bill is soon to come before the Senate, I shall take the opportunity to call attention to the subject and to give the views entertained in regard to it by the NewYork Chamber of Commerce. In the 1st place they represent that the title of the bill is mistaken. e enhanced duties it proposes being in many cases so high that they must prove prohibitory; its adoption cannot fail to diminish rather than increase the revenue from imports. The proposed enhancement of duties is chiefly, if not altogether, on imported articles which come directly into competition with similar domestic products, such for example as iron, woolens, worsted, and linen. These are all leadin articles in our import trade; and no one fami iar with that trade can doubt that the exorbitant duties to which this bill proposes to subject them would eatly diminis their importation, and there?dre lessen the revenues of the Government. It ap ears to the remonstrants impolitic to lessen the gold revenue of the Government at a time when our gold liabilities are increasing, and it seems especially impolitic to do so coni cidently with the abandonment of many of the existing sources of internalrevenue. There is reason to apprehend that the Jonit effect of the 2 measures may so reduce the revenue of the Government as to leave the aggregate in sufficient to meet its current expenses and maturing interest and thus weaken the public credit. But the renionstrants object to this measure on other and broader grounds. They believe its adoption would ‘prove injurious to eyery interest affected by it. It would be especially in‘urious to cemmeree, by driving it from es talished channels, by lessening our foreign trade, and by leaving our large mercantile marine without adequate or profitable employment. It would mar the prosperity of agriciilt ure by increasing the cost of its supplies without enhancing the prices of its, rodncts, which are governed, as are those of all exportable commodities, by the foreign market value. It would injure mechanics by increasing the cost of living without enhancing wages. And finally, by its exorbitant protection, itwould injure the permanent prosperity of the manufacturing interest itself, which it is specially intended to protect and foster. It proposes to increase the protection of that interest by adding from ten to 50%. to the present high rates of duty at the moment when the amended internalrevenue laws relieve that interest from a heavy excise tax. the joint effect of the 2 measures will be to confer upon that interestn rate of protection ranging from 50 to 100%.; and this protection will be absolute, with the excise taxes annulled and the premium on exchange and on gold to pay duties compensating to the manufacturers for the adverse effect of a depreciated currency. This degree of protection being at least twice as large as that which this interest has hitherto enjoyed under the revenue laws most favorable to it, we may expect to see engendered ahonie competition which will ultimately prove fatal to its prosperity. We may also expect‘to see the people soon become so restive under this nnwarrantable boon conferred on a favored interest, as to demand‘its repeal and the substitution of a tariff strictly grounded on the principle of revenue. This, combined with the effect of home competition, would be liable to involve the manufactiu‘ing interests of our country in general bankruptcy. For these reasons the remonstrants respectfully ask that the bill may not become a law. I move‘ that this remonstrance be referred to the ComFinance. The motion was agreed to. minoritY REPORT ON RECONSTRUCTION.