New-York tribune., 1874-03-09

revenue upon informal taxea alone ns scts June is
,ss % ss1c rsp:.isd dne. saoient to ysa
per annuIn snd those OF July IA 1870 and MAY ana
yielded ssaco0cco To show the ros:ness Of this
poist to fact that derived from customs in 1885
IT, as the gentleman says had in those three years
repealed duties enough TO yield el73.oooooo. wha,
would have remained of our customs system
in higher degree than has ever been practiced by
SOy %despread bnnHrupcy but widcsprsad anarchy
that tho Of the 14th Of July 1870 did repeal
but those rotesieS IN 1870 we're chiefly duties on
material entering into our food, and manufactures anu
American productions Therefore. while they relieved
the people Of taxation they did not impair tho proeo
Tan per cont reduction OF 1s72 Tho previous repeals
were not customs, but OF internal taxes. They light
pensated the producing classes country for the
Contraction OF currency which compelling them
i1ordinats IN Innate" rates rates Of interest upon the
capital they borrowed. and I take ,%o pS,
repeal these internal taxes did not essentially dm
sh the revenues Of the country The repeal spna,er
rates 0f wages than they could have done had these
taxes been maintained and thus enabled the people,
both capitalists and aborers to consume more freely OF
taxable and dutabe goods than they otherwise would
have done.
MR. BURCHARD's vIEwss'oS MAINTAINING TIE PUBLIC
CREDIT.
Mr. BURCHARD Uep. M. another member OF the
Committee Ways and Means addressed the House
upon the necessity of maintaining the public credit
He argued accepting tho estimates OF the Chair
man of the Committee Appropriations OF sTOm0'oCo
as the lowest which expenses could be reduced
and t2S the probable receipts for the present
fiscal year. thero would be n deficit OF slSOOOOo The
revenue for years oOuld not be expected 10 IN
crease. Importatons for the last three years had
been largely in excess OF the average OF former
wears The balance of trade had been adverse
for year but one for ten years During that time
the imports exceeded the exports including cOin by
26 500 The average Of the imports had been sieo
900 and during tho last fiscal they were $842
600 OD He argued that they must fall off, for they were
moro than 5000 OOO0DO OF the average exports
aud that the customs were not likely 10 lp
crease e argued that il tho expenditures cannot De
reduced further taxes most be imposed. mf
Dawess specific of economy would not meet
the deficit The expenditures for collecting the CUSTOMS
for 1873 were only t9743 on SGi21362lOo OF importa-
ons while In 1870 they were S2J37, GU an linporta
ton of The proposed change ~ the method
of paylng pensions would not help the Treasury ana
the proposed consolidation OF navyyards would save
but $4,000 The Government has TO meet current
expenditures and a maturing indebtedness. In
eight years s6OO.0O00)O OF per cent bonds
would become due. The sinking fund required
increasing payments Tho National faith required the
payment OF tho amount Of the Sinking Fund yearly.
Issuing notes not paying the debt TO refund
at reasonable rate tho Government must MAINTAIN ltS
credit and fufill every National pledge There was no
but tho severest economy ana even Iheh pos
siby taxation. .
At the close OF Mr.. Burchards speech tho House. at
$40 y. m. adjourned.