New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-13

the fiscal year with tho estimated receipts for the
coming five months Of this fiscal year were ss follows
receipts for the next s7e months l6o0oOOo ODD
Pslins OF 10 tast period. ....,....... slI.bl6g5
Mr. GARFIELD asked Mr.. Dawes whether no took
panic had shown 6 leanips upward above the usual
Mr.. DAWES replied he had been going 70 say that
there doubtless great many qualifications wbcii
were to enter into the estimate Al these qlalih'
Dor who would SIT down and look Into the
matter. Now, IL fair and due 10 the administration
OF the Treasury Department TO inquire why u that
BEGINNING THIS year with sixty-odd millions Of cash on
hand and with OF he pnb debt WhS las,
year forty-odd millions OF the public debt he'd been paid
tea and coffee, and the Treasury by law had lost
s15O6977s. and coffee sqO596s5. making total loss
these two articles OF 0l9453. On juno g. 1872, Con
put various other articles the free EST by which the
Treasury had lost in the same time s90o000o and max
Mr.. DAWEs-The Committee VIII for itself whether
this statement which have made is Of value. No
the House what will be the receipts for the next five
months OF this year Nobody can tell with mathemat
out of tho Treasury before the close OF the
e sefS be Of Ss Sss n 70 @
tion whether it be possible for u.s. In tho discharge Of
the Honse agree with that the Treasury liable at
any moment to go to protest unless It can have mar
TO be relied upon than this less than ten mil
lions of dollars then every gentleman will see that we do
not discharge duty unless aw-making 20 wer
pass some measure by which 10 increase that margin.
or course there are but three ways TO do that thing IL
be done by increased taxation by loan, or by the
other be res0red and resorted
in earneswe who have the credit or the Treasury OF
United {Re sass the SR9 and s
Administration faithful discharge or the laws which
need not say Committee that 1t is duty to
resort 10 that Of these three measures which we
know productive of good the country and
to the Treasury and Will reflect the greatest credit upon
who have that management committed 10 our charge
Shall it be by increasing taxation There never has
been an Instance in tho history OF this Government
when in time OF peace new taxes have been imposed for
day We resort to this taxation It will the
first time in the history OF the Government when we
have imposed taxes tho Industries OF the country for
the porpose ofmeeting our current expenses.
Shall resort 10 loan In time OF peace, Of subsan
tal prosperity with no sudden demand on the Treas
ury Have other way OF meeting current
expenses but by borrowing money Shall we say to the
nations Of the earth which are holding our securities
and are invited by standing law OF the land to taxa
our bonds at i've per cent, that such n the
condition Of our Treasury that we can only pay the
these bonds and meet current
by borrowings can think or notlng so fatal to the
credit OF the uaOn not only abroad but at home as tue
public announcement here that have other way to
meet the current and ordinary expenses of the Govern
ment but by borrowing from day 70 daythat 10 meet
ing our bills by making more.
Mr. MAYNARD (ltep.' IennD asked MI Dawes II no
a loan had be resOrtcd to 10 meet the current
penscs of the Government
Mr. DAWES replied that never but once twice in
the history Of the Government had It found itself
compelled in time OF peace 10 borrow money To carry 90
BschanaS's Administration and the Government mad
then compelled to borrow S2O0O0OO0 on bonds hav
ing and the Government shared the fate
of every man or nation that borrows money TO meet
their current expenses, and had been com
prepared 10 do IT. His Democratic friends
would bear with him If he SAID that that was
Of the evidences o. the decay OF the party Wcn
years. 10 showed that that party vas then becoming
efete and was dying Of the dry rot That Admnistra-
had mn int now IDS
Treasury, and Lad gone out WIN deDt OK Sixty oad
R@. haSns s9panses snso thai m
wEh the exception ct the inteeSnu OF L AN
beon in the hands OF the Republican party.
Mr. Dawes then went on to refer to the expenditures
10 for sne as5 900 ysafs 81 in ISL 1s
in 1873 s9OGOO and in the present fiscal year OF 1854
% 1870 Sb is of Os so paSe
debt had been paid 1871 soo 59 10, ooo anG
BOZ 900 OF the public debt had been paid In 1872 the
expenditures had been reduced to s27700O,0O0, and
SOC Of the public debt had been paid In 1913 the
expenditrres mad run up to s29o0OO,0O0, and only |
as Of the public DEBT had Ceen paid TINS year
the expenditures would be salaOCo0 without paying
He then went on refer the extravaganza Of re.
not begin TO pay expenses and had read letter from
exAppaiser at of these ports, saying that when
le received his appointment with salary OF 5000
rear he had written TO his Senator stating that the
,nce was sinecure and had aiterward ,Gid the same
year ago he had informed his other senator tat the
aw should be repealed and the Office abolished Inc
etter went say that Olcehoder who expresses
uch sentiments about his own position ls decldedy uD
popular in Republican party and that IN Marcn last
be had been removed for what he had not been
informed he presumed 1t was on the ground or IN
sanity. loud aughter.l There could nave been no
,harge negligence ncompetency against hlin Tor
no officer been more faithful or ungent 10
drawing his salary and there had been absolutely moth
ing else Tor him 10 90. Continued laughter
Mr. PARKER Qlep., MOI asked Mr.. Dawes to give the
name OF the writer at least TO state the pOr6 or entry
to which the letter referred. 80,
Mr. DAWES declned to do either. but sent up 10 the |
Clerks desk and had read list of ports which come
under the category. a..
Mr. GARFIELD Rep., Ohio) corrected some OF MT |
Dawes figures particularly In reference TO tue SINK
INC Fund and he said that when he would report the
Appropriation bil he expected 10 40 III
few days, he would submit some detained staIeuenJo
the expenditures and appropriations winch
would correct the statements OF tho gentleman from
Massachusetts. -, ~, No.
The Committee then rose, NJ $3.50 o'clock. MT Dawes
having occupied nearly three hours In his Speech ana
the House took a recess until 1880 o'clock.
In the evening sessIon. several amendments Wero
made 10 the bill. COdifyng tho statutes and hlr.
POLAND Qsop VII notice that IN the session of
educ sday evening he would present amendments
10 the statutes in re gard TO customs
COMBINATIONS BY THE SENATE.
WASHINGTON, Feb. 12.-The Senate, in ex-
ecutiye session. To-Day, confirmed the following nomna-