Mr. FESSENDEN. Exactly; it makes it omore money into the Federal Treasury; but the query is, whether we should receive more? I want to read a letter to show what the effect will be. Here is a letter addressed to a Senator of this body, which I will read: “I notice by the papers that the tariff bill is pected exto be a matter of action by the Senate in early part the of next week. I do not know the features of the bill as passed by the House as I copy; but have had no I wish to call your attention to one article which I understand it is??. Josed to subject to a greatly increasedduty. I allude to grindstones. The cost of this article in Nova Scotia is not far from ten dollars per ton; the Presentduty is ten%. adratorem, or about one dollar per ton. I the bill as learn that it passed the Housecharge? a duty of 5 dollars per ton specific, or equal to vaforem, 50%. ad and I understand that an effort is being made by certain interested parties (I believe from Cleveland) to even increase this advance to ten dollars per ton in order to give them the entire control of the supply to the whole country from their quar ries. The quantity of grindstonesimported into this place is gompanaybout 8,000 tons per annum. The with which I amconnected as fully Presidentuse 1,000 tons per annum, and should this additional sum of tenoper ton become a law, we should be taxed $9.00oper annum extra, or 4 and a quarterpercent. per annumon our whole capital, which is $400,000, in order to poeiro put luoneyinto the of theseinterestedparties. “We are already paying to the Government$40,000 per annumfor internal tax on $800,00a0nnual manufacture, which is from the dutieson timenppoertrecdeinrto.nonanodurstceaepliwtahl, icahsiwdee use; and to add to give the extra duty proposedwould the Government the'lion's share’of the profits. As the House in their bill propose to agricultural exempt certain toolsfrom taxation as I learn, it appears to me that the ax has the 1st claim to consideration. It precedesall other tools in the greatestwestern march, and every facility for its manufacture should be given rather than by adding to its cost check its use.” This letter is from the President of the Dou glas Ax Company, Mr. Eustis.