Washington sentinel. [volume] (Washington [D.C.]) 1853-1855, 1854-12-13
House Of Representatiye

/. y &. &. Z D..
House Of Representatives.
Mr.. FULLER, from the Committee on Com
merce reported the Senate bill for the better pre-
servaiion Of lives and property on the Long Island
and New Jersey coasts. He said f this bill had
been passed during the last session, several hun
dred lives and much property would have been
saved. M 81
After debate, the bill was passed--yeas 1876,
nays As. Az
vious notice, introduced bill regulating the
pensation ofthe collectors at Astoria and Umpqua;
which was referred TO the Committee on Com
merce. saa raa o.
Mr.GREENWooD offered resolution, which
was adopted, insructing the Committee on the
Judiciary 10 report bill, at an early day, pro-
viding for the punishment of the crime of perjury
and depredations Of the mails ofthe United States
in the Indian territory. fs3t
The House went into Committee of the
Whole on the state of the Union. (Mr. CHANDLER
in the chairD and took up the bill orthe payment
OF invalid and other pensions for the year ending
June 80, 1856.
This, after being read, was laid aside to be re-
The Indian appropriation bill was next taken
Mr.. wALBRIDGE. (Dem.,) of New York.
said
Mr.. SPEAKER
If any apology is necessary for calling at this
time the attention of this House to the resolution
directingthe Committee of Ways and Means to
bring in bill abolshing the duty on Foreign
Coal, it must be found in the universal demand
tor this common necessary of life, and in the in
justice and impracticability Of that pernicious
system of legislation, which seeks to hoard up by
an indirect tax, moneys not actually required to
carry on the government to the detriment of the
commercial and business interests Of the coun-
try.
Every days experience demonstrates, that the
true policy Of this government is to regulate the
revenues OF the country so as TO equalze, as
nearly as possible, our receipts and our expendi-
lures.
Although many eminent citizens predicted tins
inability of the greatly reduced tariff of 1916 TO
yield sufficient revenue TO carry ON successfully
the hscal affairs OF the government, their antici-
patons have not been realized, and 30 large have
been our importations, even that tariff measure
has hlled our national Treasury to plethora and
led to an undue accumulation of the public
money, drawn unnecessarily from the people, and
locked up from circulation.
So far as that tariff was an advance toward the
Free Trade principle, IL meets my unqualified
commentator. II has indicated the wisdom by
which II was Brought into existence II has
triumphantly served the purpose for which II was
originated II enabled che government to meet
all It's current expenditures and the extraordinary
demands resulting from the war with Mexico a
war by which our territorial surface has been 40
much extended, embracing a region Of country
opening to us new avenues Of trade. by wh;sb the
industry and genius Of the people are everywhcre
quickened, bringing corresponding increase To the
general wealth and prosperity Of the Rep,,hIc
But we have arrived al a period ir ..h;ch NO..
are threatened with a financial ,r;s;. InaeeS
the great commercial cities Of De Union are now
suffering under heavy pecuni,.ry disasters. Com
merciai confidence Is gone. II Is obvious we
have overtraded, and one beyond the limits of
prudence, yet the r,rssent i : state of tbines
which human for. ,,rd.r ,h. r.c.rt ,andas,-
ces Of the tim. ccrI} NJ h,vs .n,;c;n.,sd
II is NO, Co. me on th;s occ. s;on ~ t,,ce on,
the ur...ooked events which have contributed to
!, = sn;c;ent e., ma ~ Lrour that severs rsss,,ra
as;s,s. .rd I, = a,,r ;,,nsrs,va dn,v 90 ;p,.ss.
Co. ~. rssg a., ,bs full drtsnt ~ onr
.b,tv
| The fore;gn imports into the limited states far
the ve,y ending he s1tb of lime. A. ID 1esx are
"a sccoEdn, ~ ,bs oc;.i rsno,t f,,, -
Tre,srrv Den. rtr,snt. .ta0z s6o esJ
| Our e,ro,t. r. The me nev;od s07e oar '0c1
| -
Leaving a balance ag,inst M .<os. laI All
to be IIouidated by costs Of freight. and accruing
nrof;,s rrish an, .in;,,, hs1.nce 20 =. -. -
GOOD n cold and silver
The revenue from customs. pnhl;c land. Sc
| for The last fscsl ve.ris ara 40 INK
i Expenditures for same period. ex1
| sIu.;r. 80 Al. ,,,hI;c AZ. n mo o.o
Thereby leaving surplus revenue Of go, SCI, 456
The estimates for the last year
amounted to. .............-... .S36, 406, SCI
Our appropriations reached 70. 80. So, ZIG, 958
The excess, according TO the Presidents mos
sage, Of more than twenty millions, being sppli-
cable TO extraordinary objects, Of which amount
article Of treaty with Mexico, form part.
| Suppose, then, our receipts are set down for
the coming year at so, ZOO, 900, which, in my
Judgment, viii not be materially lessened in that
nor IN the next succeeding four years, should the
EXISTING tarih be continued, and our regular ex-
Psn1l.eres AZ &c, sVo w, we would have an an
nual suIPIus revenue on s5l ,eu ,O0O and after
.aklng margin annually OF I'll, S5O 900, 80 as
snk OUT nauonai oeo, IN tour years, tits sggre-
gaze peing less than s45,U0O OOO,) we shall still
nave remaining surplus Of over twenty millions
OF dollars unnecessarily withdrawn from circuls-
tion 20 tne serious INJURY OF the whole business
community; and TO this extent useless and I'M
H necessary tar the uooffIo N.... ....