New-York tribune., 1873-12-17
FINANCIAL DILEMMAS.

TIE PROPOSED INCREASE OF TAXAIloN'
SECRETARY RICHARDSON CONVINCED THAT 0o'-
GRFss WILL NOT ADOPT HIS RECOMMENDATIONS
The INFLATIoNIsrs CONFIDENT THAT i"hi
CAN CARRY MEASURE FOR MORE eH1@N
BACKS
lBY TELEGRAPH TO THE TBIHUSEl
WAsuINGToN Dec. 16-The formidable oppositoh
to all increase of taxation made in the House yes
terday. under the lead of Mr.. Kelley, appears 10
have convinced Secretary Richardson that there 's
little hope that Congress can be brought 10 ia'o
funds meet the deficiency in the way he proposes
At least he said much to visitors To-Day hien'o'
of the Ways and Means Committee who nhders.ah"
tho temper of the House as well as u IF Pos s'p'o
understand so raw and untrustworthy pouy arc
the same opinion. They say that Mr. kelleys reso-
lution wnld have carried if he he could have got
vote upon it when the House was full aud the mem
bers were not inpatient to 90 to dinner hs ~ "'''
all the men who voted not to adjourn'-and tnoro
were ia of them-were in favor of the resoiutsoh'
and beside. a considerable number who were MOI
willing TO STAY an hour longer and miss tbelf dinoie
for the sake of passing it, and who did not unu.'
stand that il not passed then, IL coulh nov 10
reached next day and probably not at all nhth e"c
first Monday after the recess. ,t
At tho Treasury and in the eomnittee-room 'no
new policy adopted in consequence OF this eAnioi
ton of the determination of the House not 10 I'
crease taxes may be characterized by one worn
drift The Secretary hopes that business Will revive
so as to augment his slender receipts. Dir. Dawes
hopes for great results from tho efforts OF Gen. Jar
field and the Appropriations Committee to cut down
the estimates. No one expects, however, that thls
"paring down process will make both ends meet,
but everybody is sanguine that when ii is competeu
tho deficiency will look much less alarming no"
1t will finally be met few attcmpt now to predict'
The in1ltionists think they arc strong enough
TO carry measure for the issue of large amount oi
new greenbacks after the whole of Mr. Richardson's
socalled reserve is put out. This il very doubtful
however, and if such bin should pass the HonSe
it would be beaten in the Senate. The probability
is that nothing definite will be done until sonie time
toward the middle Of January. when tho Secretary
begins to count the days that his reserve VIII lash
and them under the spur of necessity. the three
parties in Cougress-ihose in favor OF heavier taNes'
and those who want to print greenbaeks 10 MAKO up
the deicit-will measure strength in Short sharp
struggle and then the action finally taken VIII moS
likely DO the result OF some compromise rather than
the choice OF the majority.
NOTHING TO DE DONE FoR THE RELIEF or TIE
TREASURY BEFORE TIE EECEss-rIIE MAJORITY
or THE WAYS AND MEANS COMMITTEE IN IA'"i'
OF A LOAN-THE ESTIMATES FOR rIiE roSf-
OFFICE DEPARTMENT.
GENERAL PRESS DisPArCH.l
WAsHISGToN, Dec. 16.-The Committee Oh
Ways and Means will do nothing for the relief OF thc
Treasury before the holidays is shown In the Teson
adopted by the House yesterday, asking that 'hs
several Departments reports to bo nade' ii Pos
sible early Jan O. setting forth what estimates
be reduced and the amount OF such reduction WIN
out serious detriment To the public service. No ne"
tariff bills Will be reported by the Committee u
less IL shall 10 shown tat relief caDpot be afforded III
any other way. The majority OF the Committee prefer
a Temporary convertible loan. All the members urge
the strcest economy in expenditures. which, with The
anticipated revival OF business In the Spring, WILL they
say do much toward relieving the public necessities
The House Committee Appropriations this morning
heard the PosimasercncrI in regard to the proposed
revision of department estimates He stated tba. there
would be needed a small dcaciency Appropriation OF
about 5000 to expense caused by the allsra
tion OF the grades around the Po,t-Olice building.