, 1873-12-01
CONGRESS.
Business Of the Coming Session.

A lkuaIa OF Financial Schcnoa Expcct-
ctl--t1laeAp Transportation nnd G'n.
cifio le1ilronu J0bt.-EroDablo and
Possible InveatigAttoi1H--Ap Powerful
Lobby to Tsc on Ianslsl~-Tiao A1nb;,'nn
Award, tho R1ormons, Louisiana,
RostsA1 Eoscgrnplas, &c.
Correspondence ' tho Sfs W.an'1oros x9rs 11ss N:v ~
The coming ncsnlon promises to bo tic 6usiost
ever known. An unusua1aJ largo nanaber Of sus-
srous will DO revived ts wintor, and tho i'm
creased membership Of tho House viii result In
: largor amount Of now business than heroto-
foro.. The moro mon tho moro bills, evorY mom-
opsw pubss stoneon to @ o pso viii
bring out at tho Htart . flood OF financial moas-
uroe, and tho remedies thus proposed for tho
atrlngonoy Of tho money markot will, by their
variety and contradictory, character, SHOW to
groping tn the dark when attempting to doal
with quontlona Of National finance. Thc bills
TINT will be offered on this subject may
DO claased IN sthren ,Eronps-arst, mons
ont,. noasnros for securing resumption Of
Bpocio payments immediate or prospective; and
third, measures to give elasticity to tho currency.
Among tho first group will undoubtedly bo
and for increasing tho National bank circulation.
Tho second group will DO larger than for several
yoara past. and will include all tho old sohomoa
for resumption and mat'y now onos,. while tho
vortibiiiiy ie Of groeabacks s and bonds bearing
various tatos Of iutoreat,. and bills authorizing
froe banking upon spocie bssls. Tho National
Bank aystem will have to sustain Bovcrer attaok
from ita enemies than it has ever undergone
bo early called. upon to explain Ills conductin
illegally reisaufng n portion Of tho SH, ,000,0 600
of loyal tender roserreB, Which no one IN Con-
gregn eyor seriously maintained he had tho right
ft,t 1nt{ kf
law. Tho recent serious falling of I'll the reveu-
10, the a'nrminyly small balance remaining in
the Treasury, md tho heavy appropriations
agkod in tho oatimateB for tho next fiscal year,
1t ia possible that the tariff on ten and coffoo
will DO ro-cnacted, aud that SONS old abolished
internal taxes will bo revived. An curly effort
will be mado to repeal tho involuntary featuro
long struggle nauy DO expected botweon tho ad-
vooatos Of strict economy and thoHe who favor
liDoral expenditures whom tho appropriation
bills up, and It will probably begin oyor tho
Naval Deficiency bill, which promises to bo sur
prisingly large.
oHEAp TRANSPORTATION SCHEMES.
Land grants are forever dead, but the acliemos
for cheap transportation which began to take
shape in tho last Congress-, stimulated by tho
Recommendation Of tho prosdent in his mes
wintor. Thoy arc much moro dangerous than
tile old land-grant jobs, bocauae thoy contom-
plato direct raids upon the Treasury, Of tho in-
doraement by tho Government OF tho bonds Of
tho combination attempted lust winter between
tho friends Of the various projeotB for lines OF
wator communication bctweon tho West md tie
soaboard. Theao aro tho Niagara Falls Ship Ca-
44a tho sh Af9 and 1d, 9o o a b ys Of ah, bS
oans1, and tho groat Southern, project
for q "wator-way" connecting tho Mis-
siaaippi Valley with the Atlantic. Ocean
by wny or tho Tonuessee, Coosa, and Bayan-
Western monibers are already con,mlttod to thoHo
enormous jobs. determined attempt will
probably DO made to secure subsidies for tho
Northern aud Southern Pactl1o Railroads, which
said to bo in desperate oGtruis. AgontB OF thoso
lincu hnvo alroady arrived hero, and are looking
over tho Erornd to SEQ Nhather 1t will pay to
open campaign, Tho plan most talked Of III
Tor tho two companies to work together and try
to secure g,lbsitiy OF honda sufficient to COM
ploto the roads in return tor rolipquislmont OF
their land grant. In othor words. The Govern
ncIt IL to be asIscd to buy back tho land it gayo
away. Il is boIovol that o largo, Influence could
DO brought to bear in MD Of tl!is eohetno BY
promising tho holders Of the honds of Tho roads
Goyoru,ncnt honda in exchange in case they aro
obtained.
or miscellaneous jobs there is likely to DO no
luck Beside the usual canal tud railway scllemcs,
which will undoubtedly chow heir faces again,
there are tsSo gigantic and impudent jobs nppar-
ehtly emah1nnS from 1ha sonth. put IeallY pat
forward ~ NoW @ 3orK apecuietoiu' Whlon VII 10
plahnoa t Win ai the power o1 tne .oopy. Ineso
aro tto lei1!'utnE y! sao uuIson 'a1, AhG tn1 ~
u.ata 3oits' ~ tsntI, ,r"ro hroachaS oat ~;ntar
I:,t t,'a so.u;on w,s I'm ehort ~ orc.n;,a ~
inI,h, al },r;,1 -" for,os ~ Ea.r - 'o0
4ooo' "''o o.aus ts' .o.eos W oe"-'
m. aI'Ea1 la; toh 1axEsItd4aloNs T1s,.,,. on.
Inc general ieonug anion2 & Mopunnsan opn, ~
9Eesa.nen tuas -. ,nVoa.ga'.uns ougns 70 na
ascoofaEg'11 E'1 aor sno 6uun - W. pnfty, pns
tioro M! uhques'ionaply pe iouno p1onty
OF relofme1s anu m9u anaoltlous anN.a Oh tne
popularity !nas .atte.aa oAosla - otpos9 Wy
aoaAca, 20 ataft new inquiries aad toVive ola
ones, wAicn tnoro Nas no. tlmo enough M 10 prose-
euso s 70 comcloslpn aSs sesson ~, d1e TI Iuols r.
that nave long poen alloat aoou. tho Gap11ot o.
I'VE use gel OF corrupt means 10 secure ne Iaciho
mai saoasay anu tno iao g.an's I'll no1 .ne S9rs,
atn aha noulnoln raclne ioaap 1T Mni ptopaoly uc
Ilson ~ epociai coinmitseos. Ino operatlons OF
te ula.ies o. Uoiua HosGfnmou1 na natl w alSo
o. lu9 slennM G4uA9itlon wv luz scauoat cle-
ated by Alnlstot Jay a1d t1e oonmaslonera
| III.