, 1870-04-28
Further Spceulations Concern
ing the Funding Bill.
ing the Funding Bill.
Yesterdays Progress on the
Tariff Bill.
The Ways and Means Committee
Agree 10 Withdraw the Re-
naming Paragraphs
on Iron,
:.
Additional Statistios Relative to
the Income Tar.
Facts Elected In the Freed
mems Bureau InYestI.
CATION.

EaclA EitcitGQ IN t0c Freed
mems Bureau InyestI.
CATION.
8pedAl Despatch to The Chicago Tribune.
THE FINANCE knlA
~AsHrxGTos, u. C., April 97.-Whas the Tays
aud Mems Com 1ittee viii DO with the Funding
bill no one can Jet tell. Careful inquiry among
members shows that no sotes hare been taken, and
no conclusions reached. All that cau be eAld.
therefore, must b. founded on = comparison Of
the views held By these gentlemen The Sherman
blu frum the Senate L. about As good as dead and
II does not seem II II any power couA again
breathe into It the brcalh Ut active life. The lndI-
cations arc that the comuittee will bring In
much shorter and simpler BILL They
are pretty Certain to reject the idea
Of new I'VE per cent bond
and also one Of the other bonds authorized In the
Senate bill, or, In other xorlk, 1t looks as II they
would agree On d measure authorizing new bond
at or " per cent running forty or nfty yeazs,
for which the greater part Of the o30S may be ex-
changed The proposition TO compel An exchange
hJ National Banks Will undoubtedly fall. Some
persons think modification 0f It Will be retained,
requiring the banks to substitute the new bond for
suca OF the 59ts Is arc already due;
that Is, for the bonds Of 1869, 1854, and
Ae'+ss
good deal Of discussion get before any conclu-
aEnns Is to the details Of the bin arc reached on
which majority Of its members can heartily unite.
Secretary Boutwell, waa up to See them, to-day,
but they were engaged On other matters
1HK 1ARIFF DExoRlLIzA11oN
las nn11lJ got Into the room Of the W8y1 and
Means Committee The action Of the House on
Fun in It's various forms, for the last four or nye
days has convinced Arkelley, and Others specially
interested tn that article, That certain clauses In
the Dill might As well bc taken out
at once and the committee accordingly, It its
meeting this morning, agrccd to withdraw al
paragraphs on ituD, proposing An increase OF duty
aM'vc the present rte. They are eight or more
iu number, and will he dropped as they are reach.
81, one Of them being thrown overheard thls
afternoon The House did not respond very cor
daily to this oaer OF amnesty, but hammered
away Ut the bill remorBelea1ly, Rnd again beat
the committee By cutting down lts ngurcz The
major1tJ ts not only determined to prevent any
increase, but secms equally determined On reduc-
Ing all rates on manufactured iron TO basls Of i've
or slx doiiArs OF pig iron.
TIE INCOME TAI
Pending the discussion rs to tho abolition OF re-
tuction OF the income tax, It may be well to look
al the new on1clal ngureA The assessment OF
last year on lndisiduala was 81, 20, co., and On
corporations 3, I6t 7bs: teng total Of 3sI,o1e-
sSA So to reduce the rate from . per cent to 8
t'er cent would, Oh the basis Of last rear Cause
reduction in the receipts OF 914,soe,'14. To
Faise exemption from 81 ,ooo to $500. would
cause loss Of about eleven million dolla1a and II
the rate WeFc reduced, and exemption increased
as proposed the income tax would then, on The
basis OF lass year, yield but about eleven million
two hundred thousand t0atH But It should be
remembered In this connection that the revenue
receipts this year will be larger than heretofore,
Ihe Increase for the hrst eight months Is oTeg
eighteen millons OF dollasx and for the whole
year will be twenty-sesen millions At least, some
part Of which w1l1 probably come from the rcre-
LUG tax.
pETARTMEEr RxruK1a
Tue volume known Al 3' The Abndgc1nent OF The
1rcs!dcnt's. Message, and accompanying docu-
ments, now going through the
Government Pr!ssnG ONCE. but will not be
ready for distribution before the Middle
Of next month, Ut least Some Of the department
bureaus arc yerT censurat,lc for delaying this
needed boo1. The law requires that al bureau
repofts snail be given to the Congressional Com
m!tiee On Printing by the 1st Of November anuu-
ally. 20 that the abr1dscment can be made up and
the volume got cut before New Yea1A that It nxy
bc IN the bands Of mempefa wnen ME-, ..s sss1.s
IN consider the appropriation bul4. The delay
this year Ii on account Of the tardlncss Of the
General Land Once. the Indian Peace Commission,
anu sonc Of the Naval Bureaus hut Iii are now at
hand, and The book Will be cut some tiEae ntxt
MONTH
PRKKpAKSs RCEEAu ISTKsIIoAr1oA.
,o,. ,n-.;e.. ~ on'eto'ts
a-noS ~. ~ ne.s., T sA.s NC eos' sa tae sese no"
sand dollars, when At that time it was wu,th four
Thousand. In return for this, General Howard
agreed to put up residence worth ten thousand
dollars, which, It wsa held, would bepehs Tho ad-
yaccns nrnpcrtr. .Jnbn !. Et.na one ~ tra -.
fsAha anffh fplrAM 49, =
the parcnase Seus,nr romernr md Caner.,
uouart1 being in the bact eround: th.t. .ftrr N,
purchase, he turned ovrr he property to ,neae
two and himself, a. trustees, for the benen,
OF The freedmen with the Subsequent xale Of lot,
to freedmen he had nothing to do, which 1esye,
1,attcra with pomefpy General uoHa.t. and hi,
brother. witness cprzoboIated Tho tes,rmnn,
heretofore g1Ten By the contractors, thas he hat
borrowed the money Of General Howard and pxIt
1t llarf thfnurh material furnished FIR sha mi
xerr,tv 3~''
'e'ea'9-
Thc arnase Co,nmtt,rr m ps,.nt, toL,,v r.
-, .N...a ~ ~ssn..1 .oosls 70
I"t1eo Dill EIAataR = 1uftoef e1ten6lon OF toe
patent On The Hoe printing press for seven yeats
from July n, 1858: 'Thc said patent TINS ex
tended eha,l hare the same cneci "A II rrantrd r.
the usua1 VIM: pyuridod. ho,crrrr th.t .,td ~
tended p,tent sas, be open to 1rs.t I'M ,nnnr9 .nI
aeeaaon IN she same manner a. Issued under tht
general law relating to patents: and FForided, fur
sh<', that all persons enjoying the lawful use O.
i.,r.1. r.+.n, ~, ront,.ra ~ 49,. -! I..>
!sste p~'@a7 ~. .oas44'ae ~ ose taeleol "4ta
out 1H1the1 payment tacfciof. and the purchase
Of any machine 10 IN use may continue to ust
the s4rue ~ u tnIa act had not been passed
nr.rr-.r,
There WAS something Of Scene In the House
today. oycr the little hIl relieving few narson
In Te1aa from pol,tfcal Disabilities Tnrx ~,