National Republican., 1873-12-16

THE AcTIoS Of the Housc yesterday on The
financial question was hut the sequel Of the
proceedings within the Committees on Way,
and Means aud Appropriations. Although tie
revenues have hecn greatly deficient, there was
no anticipation by Congrcssmcu Of the immc.
dlate call for increased taxation, aud, In cousc.
quencc, Secretary Richardson's recommends
iious were unexpected, aud for the momcn,
somewhat criticised. But the major portion of
the House now see that the unprecedented
shriukage in values and the depressed condl-
tion of the various industries must affect the
strongest vaults and the most airni, cacula-
tions. Conscious that the means Uf carrying
on tho Government must be provided, the COM
mittecs Informally talked over the situation In
is present aspect and the possible contingen-
cies of the future, and came TO the conclusion
that the most strenuous efforts toward economy
Of expenditures should he msde before the tax-
alton Of the people should he even brcsched. II
the careful revision Of the estimates was framei.
Each member Of the committees, aware of the
seeming reflection contained IN the act, repudl.
ates all motives ofthis characlcr anil only desires
the sid OF those thoroughly acquainted with
the disbursements of the Goycrnnent, and
who, providing bciorc the panic for heavy paw
mcnts warrsu'ei by the prosperity of the
country, have had no chance TO remodel tho
recon me emiatinn, then made AMI 10 curtah the
items certainly required, but not pressing in.
mediatcly upon the Treasury. Our system Of
government gave no other method of procedure
IN the premises. Under the English cons'it,i.
Il. IL --la. a.
information desired AMI the revision also re.
questei is afforded At all stages In the prcpara.
ton OF appropriation measures. 1t occurs IN
consequence that only distorted Imagination
eau cons rue this to he either a condemnation
~ reflection on the Executive branch. knei
the prcscn' itlun OF the resolution 10 the House
ani after the fornaltics required through The
joint action OF committees, the situation wirs
conciscly explained by Mr.. Dawes. The post
poncmcnt of the time for the consideration o
Secretary Richardson's plans caused some feel
Ing, the impression prevailing that the sccrc
| tary Ia right In asking the immcIiat,
impositiono Of the tariff duties anil tnxcs in tn,
intcrrs, Of the pcople as we'll as the nationa
| Treasury. Irieed II was freely asserted tha
vithou, prompt legislation the iIn,nrters an,
manufac, ururs concerned would take sucl
steps As will rebound 10 their own interests a
sacrifice to the people AMI thc country. "But,
said NJ. Dawes, ''it Is ouly ancr all othc
measures fail that taxation shoald he rrsor.c,
to-" AMI this feeling guided the Ifouse IN Il
action. Asa participant IN the debate Gci
Butler dcenci instant movement imperative
AMI he also gave ytut TO the financial idea
stored within his mind: hut the sense of tn
House was guided by Mr. Dawes, and tn
resolution was adopted. Although SON, lit,l
time elapsed, the House was again stimulate
on the financial problem by the inrol,wtion q
the following proposition, insterrd hy Judg
Kelley:
| "Res0irrd. That u lsthr sense Of this House tha
| the taxes which now burden the people shoui,
| not he Increased, hut that the cxtraortli maj
| means IL any he required, for the support Of III
| Government during the temporary paralysis d
| the industries OF the country now prevailing
should he Obtained by n temporary lean or loan
| hearing q low rate OF interest In currency, an
| reicemabl, In United states notes.
| This proposition was for immediate pasSagr
hut m,iipn to adjourn interviewed, AMI II,
House In thi, way refused its consideration.