New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-28
BusNFss OF THE COMING SESSION

BUSINESS OF THE COMING SESSION
4 RUSH OF FINANCIAL SCHEMES FXPEcTEp-CHEAP
CHARACTERIZATION AND PACIFIC RAILROAD JOBS
PROBABLE AID POSSIBLE INVEsTIGAIIoNs-A
POWERFUL LOBBY TO BE on HAND-fHE Ala
RAMA AWARD, THE MoRMONs, LOUISIANA, POSTAL
TELEGRAPHs, &C.
fYROM REGULAR CORRESPONDENT OF The TIIBuNH.l
WASHINGTON, Nov. 23.-The coming session prom
Uses 10 be the busiest ever known. An unusually
large number Of important measures undlsposed OF
l,v tho last Congress will be revived this Winter
and the increased membership of the House Will re-
suit IA larger amount of new business than here
tofore The more men the more bills every member
seeking 10 originate something that Will draw pub
IL attention TO him. The panic viii bring out at
the start food OF financial measures aud the rene
dies thus proposed for the srirsency Of the money
market VIII, by their variety and contradictory
character slow TO what asurprisng extent our leg
islaors arc cropping in the dark when attempting to
deal with questions OF National finance. The bills
that viii DO offered on this subject may be cassed IN
three grOups-hrst, measures for expanding the cur
Tency; second. measures for securing resumption OF
Kpecie payments immediate or prospective; ana
third measures TO give elasticity TO the currency
Among the first group will undoubtedly be nuner-
Gus bills FOR the issue of more greenbacks and Tor
increasing the National bank circulation. The sec
ond GROUP will be larger than for several years
past. ana VIII lNtludt al tlo 'AN C'hNHe@
for resumption and many new ones while the third
erolp win comprise plans for The introcoDyertibGty
of ereeubacks and bonds bearing various rates OF
Interest and bills authorizing free banking upon
specie basis. The National bank system viii have
70 sustain a seyereI attack from its enemies than it
has over undergone before in Congress. Secretary
Richardson will be early called upon 10 explain his
conduct ia Illegally reissuing portion OF the
S4tGpOOO Of legal tender reserves, which no one IN
Congress ever seriously maintained he had the night
70 put IN circulation without express warrant Of
law. The recent serious falling Of in the revenue
The alarmiugly small balance remaining in the treas
my and he heavy appropriations asked IL the esu
mates for the next fiscal year, viii bring MP the Ques
ton Of increasing taxation. 1t Is possible that the
tariff on tea and coffee viii be reeDacted, and that
some old abolished internal taxes win he revived
An early effort will be made TO repeal the involun-
tary feature Of the bankruptcy law. If not the en-
tire law long struggle may be expected between
the advocates Of strict economy and those who favor
liberal expenditures when the appropriation bills
come no. and it VIII probably begin over the Naval
Deficiency BILL which promises to be surprisingly
large. -
CHEAP TRANSPORTATION sCHEMEs.
Land grants are forever dead, but the schemes for
cheap transportation which began to take shape III
The last Congress, stimulated by the recommends
ton of the President in his message, will no doubt
be vigorously pushed this Winter. They are much
more dangerous than the old land grant jobs, be-
cause they contemplate direct raids upOn the
Treasury, the Endorsement by the Government OF
Che bonds Of corporations. You may expect 20 see
effected the combination attempted last Winter be-
tween the friends Of the various projects for lines Of
water communication between che West and the
seaboard. These are the Niagara Falls Ship Canal,
the Atlantic and Ohio Canal by way of the James
and Kanawha Rivers, the Illinois ship Canal, and
the great Southern project for waterway" con
Meeting the Mississippi Valley with the Atlantic
Ocean by way OF the Tennessee, Coosa and Savan-
nah Rivers. large number Of Southern and Western
members are already committed to these enormous
Jobs. A determined attempt will probably be made
60 secure subsidies for the Northern and Southern
Pacific railroads, which are said TO be in desperate
straits Agents Of these lines have already arrived
here and looking over the ground TO whether
Ii will pay TO open a campaign. The plan most
talked Of is for the two companies to work together
aud try to secure subsidy Of bonds sufficient 10
complete the roads in return for Accomplishment Of
their land grant. In other words, the Government
Us to be asked 20 buy back the land gave away IL
s-belieyed that large influence could be brought