Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-03-09
Radical Extravaganza.

W uO-O vi blIC OStOlllCC dJplOJilaL4Ou B4lls
The bill appropriates 2S! millions.
Radical Extravaganza.
Mr.. Dawes, Chairman of the Committee
on Ways and Means, made statement 10
show how the balance sheet Of the treasury
was being constantly changed by each days
legislation of Congress. There were GER
tain appropriations which were absolutely
necessary. The public faith to the credi-
tors of the country required provision to
be made for the payment Of interest on the
debt. Then there were public expenditures
which, however, much they may vary from
year to year, must be met by appropriation
bills. He wished to call the attention Of the
House and the country to what may be de-
nominated the absolutely necessary ex-
penses of the government for the coming
year. Taking the estimate of public eX-
penditu,es as a starting point, the amount
required without reference to payment on
the public debt was
s273, 100000.
The House had added to that large sum by
bills already passed. The deficiency bill
passed yesterday appropriated $6,200,0 900.
The public buildings for Chicago, St. Louis
and other cities, would require an outlay of
about S6500,000. The corporation tax to
be refunded would amount to s., 100000,
while the increased amount for pensions
was estimated at S10,GG4, 685. The ex-
penses under the Washington treaty would
be $4,000. He did not take into account
the ten thousand claims pending before the
Southern Claims Commission, aggregating
S26,O00,O0O; nor the refunding of the cot
ton tax; nor the 81, 100000 required to
meet the claims of Ohio, Indiana aud Hi
nois for what is known as the per cent.
claim. Then there were other claims, sub
sides, etc, on which the House had not
yet passed. He took simply the appropria
tions which the House had already passed,
and these swelled the whole amount neces-
sary for the coming year to
S299, 6OO,45S.
There were but four principal sources Of
revenue: customs, internal revenue, public
lands, and miscellaneous sources. The
revenue from public lands was now at an
end in consequence Of the bill passed by the
House, donating them to educational pur-
poses. The Secretary of the Treasury had
estimated the receipts from customs at S242,-
100000, SI2,000000 more than last year,
but from that would have to be deducted
$19,000,000 for duties to be taken off of tea
and coffee, aud S1,700,O00 for duties on
salt and coal, making deduction of S21,-
100000, which would leave the receipts
from customs S190,99S,062. The estimate
of receipts from internal revenue had been
Sl24.0O0,0O0, but from that was to be de-
Quoted income taxes and S2,500,000 cOrpo-
ration tax, which would reduce the revenue
from that source to Sl14,o00,000. The az
gregate receipts from revenue would there
fore for the next year be S317,0O2,O0O
against 1929, 100000 of expenditures, leav-
ing a balance of SIT, 798,975,
without Having Paid n Dollar
on the public debt except interest. If the
revenue were not increased beyond the es-
Inmates, or the expenditures were not
brought down, It would be necessary for
the government to
Borrow 100000
to pay into the sinking fund, and that was
10 be the result in the last of the four years
of this administration, the first three Of