The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-16

ApIrdQtAftdAAs /Wtll, however, IL IL UNDER
stood, on Monday next, upon the Ieg1sla.
tive and Judicial Appropriation BILL under.
take to show that the figures Of Mr.. Dawes
do not tell the whole story nor give the proper es
Inmates as to the resources, the liabilities and
probable receipts, expenditures and balance in the
Treasury at the end Of the next fiscal year. Mr..
Garfield tncIines TO the great Western idea that
more currency is the chief want OF The country.
He will probably support that portion OF the
House which holds that the panic OF 1873 Is over;
that the general business afiairs OF the country
are rapidly improving; that without any increase
VI @xanon upon ANYTHING internal OF e,xternsi,
TOMS and internal taxes, and 'that retrenchments
may De pushed 30 far as to result in serious losses
country.
Meantime on bill for redistribution Of the
currency 30 as to give the West and South
larger share than they now possess the discussion
no cue en aoney question In all Its bearings ana
the senate Nothing ns been done oy this Ie learned
poay on the banks, the currency or taxation; bus
Inc me deoate WIN serve to clear the ground for ac
t.on anu 70 piing the members to some UNDER
STANDING nom the numerous plans OF financial re-
nel suo th me only Important question upon
wnlch the republicans OF both houses appear to
have reached common agreement is the Question
OF retrenchment They have entered upon the
difficult task OF meeting the current wants and
accumulated deficiencies OF the Treasury
without increased taxation Il possible,
proposed, even by Mr.. Dawes, appear like candle
ends and cheese parings against o deficit to he
overcome OF 10000. 600. But 1T Is feared that,
whether liberal appropriations or pncning re-
trenchments are adopted the results win be dis
astrous to the republicans III the tall elections-in
the one case by the revival OF the cry OF corrup-
ton, and in the other by the revolt OF thousands
OF men thrown out OF employment 4
In any event the prospect TINS session for the
lobby Is exceedingly gloomy, and especially upon
all such grand money, bond and land absorbing
schemes as the lollowlng:-
/. The Northern Pacific Railroad.
= The southern Pacific Railroad.
3. The various land grabbing western State and
Territorial railway schemes before the two Houses.
4. The Rocky Mountain and California grand
Hrigatng canal schemes.
s. The several schemes for steamship subsidies
introduced IN the House or the Senate.
6. The several trans Allegheny canal schemes,
the proposed seabo8rd and Niagara ship canals.
7. The trans-P aclfic telegraph projects.
8. The proposed snip canal through the delta or
the Mississippi River.
There may be some doubt expressed, however,
PRISE, as 1t Is supported by the grangers, by their
representatives IN Congress rom the South and
West. 1t Is possible nOthwlrhstan1 ling the silence
OF these representatives OF the grangers in Con-
gress at present, nay, IL Is probable that before the
end OF the session they Will make the regulations
OF railway freights between the West ana the East
and the proposed Mississippi canal, each an ulti.
matum to the House and the Senate. The test
question Of the power OF Congress to regulate the
heavy majority the question has been decided in
the Affirmative. so that the grangers are taking
their time In arranging their plans knowing that
whenever they are prepared to strike the coast
with be clear. The grangers have not withdrawn
from the field. They are only reserving their fire.