Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1874-03-13

DcIh SpccCucS anu DuSlucSS lctlcTe
along as to go through half weight
ed.
Mr.. K. II. Roberts, of New York
replied to Dawes on the condition
Of the Treasury, and gave as many
figures to show that the concern is
not bankrupt, as Dawes gave to
show it was, Dawes owned up &c
a mistake Of $50, 900, 900 in the Sink
ing Fund matter, but in an "authen
tic and carefully prepared state
ment," $30,ooO,OOO doesn't detrac1
much from the reputation of good
guesser.
Rumors about the great stcalings
continue, but the only thing in that
line absolutely proved lately, is the
march Gen. Butler stole on the Bos
tonians. IT'S said they went home
satisfied it would be recovered, blu,
they hope to punish the culprit
Their pole wasn't long enough to
touch the per sinamon.
Caleb Gushing having silenced
Fernando Woods dog, and Chief
Justice Cockburn, is now trying to
stop the cldck ofold Madame Gaines
result doubtful.
Mr.. McCrary, of Iowa, made an
able opening on the bill to regulate
fares and freights on railroads in ia.
vor, and Mr.. Arthur, Of Kentucky,
one on the other side, planting him.
self on the old State-Rights' doc
trine. 1t is supposed that the Dem
ocrats will largely sustain Mr.. Ar
thur, and give the grangers the cold
shoulder.
On Thursday General Garfield
made an able speech upon the finan-
ces, which will do much toward re.
assuring the country after the alarm
ing statements made by Mr.. Dawes.
From Mr.. Garfeld's statements
there is still hope for the Repub-
lie. When General Garfield gives
facts and figures, no ono questions
them; he is authority upon such
statements always. He started out
with the proposition that the pecu-
liar office of government was not
economy, but a wise expenditure of
the public money. That cutting
down of our revenues below the
wants and needs of the government
was not, in his judgment, wise
craftsmanship. If the soundness of
the Treasury was in danger, he told
US that it was because one hundred
and forty-six millions and a half of
taxes had been repealed within the
last year and half, and not because
Of the increase of the appropriations
for they, he said, had been reduced
to the amount Of two hundred and
thirty millions since the war; if,
therefore, there is any danger of a
deficit, it is clearly the duty of the
Ways and Means Committee to meet
the emergency, to find the cause
and apply the remedy. With fall
ing off of fifty-two millions of reve-
nue. since last year, if there be de-
felt, there is abundant reason for
it.
Mr.. Garfield proved his state
ments by a full exhibit OF the appro-
priations of the present rs compar-
cd with the past year. The state
ment made by Mr.. Dawes that the
appropriations for the present year
were twenty-nine millions greater
than last year, was given as proof
Of great extravaganza. The alarm
in that statement was quietly taken
out by the fact that Mr.. Dawes in
cluded twenty-nine millions of the
sinking fund that was not included
in last years statement. Although
this error was pointed out and ful.
ly accepted by Mr.. Dawes at the
time it was made, the associated
press has failed to give the fact to
the public. Only twice in the his
tory of the government, General
Garfield said, had there been a Sc.
rious deficit in time of peace in GU,
finances. Once in 1912, and again
during each of the years Of Buchan'
ans administration; in both cases
they were caused by too great a re
duction in taxes; in both cases The
deficit was remedied by increased
taxation.
Mr.. Beck took three minutes o.
the hour which had been allowed
him to answer Mr.. Garfield, to state
that he should show Mr.. Dawes tc
have been right and General Gar
field wrong in their statements re
garding the twenty-nine millions
and also to prove reckless and care
less extravaganza upon the party il
pow err, so there is an interesting
arithmetical problem to be solved
not to speak of the question of yer
acity involved in the same.