New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-13

constitutional power 20 improve rivers aud harhors,
ard least OF all did be expect that the gentleman from
Ohio would advert 20 The importance ~ consist.
ency. lie thought the gentleman hsd voted consist
epey On old foey, aud that Il was driven out OF the
circle Of political action now s'days. lie proceeded
10 thow that BY the bill extraordinary powers we're
proposed 10 be conferred on the Secretary Of the
Treasury, and therefore it should be considered ia
committee.
Mr.. SHELTON, in reply to remark of Mr. Smith,
warmly denied that the NewJersey people ever plan.
6ertd The victims Of marine dissster-they were rot
pirates.
Mr.. SMITH VA hoped the reporters would let
the gentlemans constituents know that the remark
was for bupcombe.
Mr. SKELTON-I make no speeches for bun
oombe bu in behalf Of humanity.
Mr.. SMITH VAL made no charge OF robbery
or piracy but stated what is generally true, as
propOsitiC that those folks who live on the sand
beaches, whore wreck aud ruin comes 10 thea fro
the sea- have an extensive celebrity for taking care
oftbemselves spoke Of the people Of New Jersey
es not being better than other people.
Mr. CHANDLER agreed with what said by
Mr. Campbell relative TO the protection Of life aud
property on Northern Lakes and Western Rivers but
he would not permit protection on the Atlantic coats
which OF late had become a GOlgOtha, demN ding
Legislation in the csuse Of humanity.
Under the operation Of the previous question, the
bill was passed BY Yeas 126; Nays 5.
II authorizes the Secretary Of the Treasury 10
establish additional stations along the coast of Long
Islond and Nev.JeTtey, and hange other stations
wse provides for The appointment OF keepers and
general superintendent.
hr GREENWOOD offered resolution, which
was adopted, iustTuciing the Committee of the Ju-
dietary TO report bill at an early day, providing
punishment for the crime Of forgery and the depre
dation Of mails belonging TO the United States 10 the
Indian Territory.
The House went into Committee on the Invalid
Pension bill
Dir. wALBRIDGE. IN. ~ said:
Mr.. sPEaKER: II any apology is necepary for
all Al ia tine Of hia n
the solution directing the Committee Of WAYS and
Mems to brig 10 bin abolShDg the duty foreign
Coal il msst be found in the universal demand for
tbs COMMON OF life aud in the Injustice and
inyraccabiy Of that pernicious system Of le yisla-
lion. which seeks to hoard mp by an indirect tax,
moneys not actually required 10 carry the Govern.
mept To the dctrmen of the commercial and business
interests Of the country. Every days experience
demonstrates that the true policy OF this Govern
mehi is TO regulate the revenues OF the country so
rs to equslze, as nearly az possible, our receipts aud
our expenditures. Although many eminent citizens
predicted the inability OF the greatly reduced tariff
Of 1896, 10 yield sufficient 10 carry sue
eessuy the fiscal affairs Of tbs Government their
ticpatiObs have not been realized and large have
been our impOrtaions even that tirif ME has
filled our National Treasury 10 plethora and led TO
undue accumulation of the public money drawn
necessarily from the people and locked up from cir
culstion. So fer that tariff advance to ward
the free trade principle II meets my unqualified
msndstion. II has vindica'ed the wisdom by which
II was brought into existence. Ii bas@ riunphantly
enabled the Government to meet ell its current ex-
pendtufes and the extraordinary demands resulting
from the war with M9xcO--a by which our terri
toriai surface has been much extended embracing
aiegion Of country unfaing in its yield Of the pre-
cioup metas, and opening TO avenues of trade,
by which the industry end genius OF the people are
everywhere quickened, bringing corresponding in-
crease 10 the general wealth and prosperity Of the Re-
public. But we have arrived nj period In which
are threatened with financial crisis. Indeed, the
great commercial cities VI TIE Union suffer
ing under heavy pecunary disasters. Com nercial
confidence is gone II is obvious nave overtr sded
and gone beg Ond the limits Of pradence vet the pre-
sent is state Of things which human forecast under
the recent tendencies Of the times, could not have
anticipated II is not for me, this occasion, TO
trace out the unlocked events which have contributed
10 produce the present state Of monetary affairs
II 4 sufficient for ms to know that severe pressure
isis: and IL IL Imperative duty TO uterpose for its
relief 10 the fun extent Of constitutional ability.
The foreign imports into the United States for
the year ending the 3Oth OF June, A. ID. 1854, nro
Estimated. according % the official report from ss
Cur exports f'r the same period H2uof
lesvrs bslsree sesins % i2l 37
be quidst,d by costs Of freight, and accruing prof
ks, with any remsning balance, to be made good in
gold and silver.
Pie svsaus public lsnd &C.. for th. LIST d
,ys,a,.". 70; H. .,e .Yc,e of he
public oVlo'<1
Thereby leaving surplus revenue Of $2t53I4S
The eeinsie, Tor the last year amounted so.S ~
The excess according TO the Presidents Message,
Of more than eco 600 0oO being applicable to extra
ordinary objects, Of which amount $4,000 900, to
meet the fpulatiOns Of the Sd article OF treaty with
Mexico, form part. Suppose then our receipts are
set down for the coming year at s3OOoo oOO, "hicn
Ia my isdgment will not be materially lessened In
that In the next succeeding four years should the
existing tariff be continued, and our regular expendi-
lures at s3s, 400 600. would have an annual sur
plus revenue of f3l 600 900; and after taking mar.
gin annually Of ell $50 OO0 50 as to sink our national
debt in four years. its aggregate being less than
e45 600 0OOl we shall still have remaining sur
Mus Of over eco 600, 900 unnecessarily Withdrawn
HON circulation TO the serious injury OF the
whole business community; aud to this extent
ustless and unneoesssry tax upon the people In
times Of financial difficulty, like the present,
il is the duty Of Congress to reduce the public ex-
psnses 10 the lowest point tina, viii enable the GDV-
enmeut 10 conduct the public business, and at tae
same time reduce the pubic taxes, by enarging the
free list Of foreign imports particularly Ia the neces-
saries Of life and where the burden OF taxation fails
heavily upon every branch Of human industry ana
comes home TO every mans ttside. IL Is not my
nrsent neItion TO traverse this subject IN its en2tn
ma hreaSth INT respectfully wife the attention OF
tits House TO one article in whc1 the people nave
the honor TO represent largely interested III COM
mon with the whole country, and n regard u "1cu
the existing tariff should be Immediately emehueI
and that BY abolshing the duty on foreign coaH
This is now one Of the necfSsartes 81 'ys'
II has become so within the last htteen or
twenty years Previously, the asl used 10 do nt'tc
affairs v as timber. and the employment OF cos' l9r
machinery purposes was ineonsideraOie INC ~ ~
vance In The mechanic arts In motive power by rue
universal application Of steam on railways ana ocean
and inland nayie atiOn has entirely changed our re-
lAiiops 20 this important articles IN tiet mas reNo
lusiouzt d the age in regard q IT. let s'snos on
the statute book OF s46 in schedule OF tue talu oil
hst ear "a subject 10 an oh valorem duty of 30 per
oen.-eeuvaient 10 IS per cent. taking mo coan'
tbe oost of freight and charges on ia value I'D the