New-York tribune., 1874-01-15

sorely needed is handf Is IL enough that no
shou refer 10 indstnct nebulous iuture ,he
darkness of which he himself does pretend To nave
penetrated @ IN the loa,ti Is & eOSgsn nns 70 tms 9
II will require he cannot say but IN time tas ne con
sidercd what may intervenei What new disasters aro
most likely TO intervene according to the iaws avs % Gau
and effect between this day and that indefinite future
Has he considered that unless we soon Lake uoccru u
steps to change system, IT becomes win ever
day more probable that 10y some theaus iua i
me inatlon may oe .PTotu nto sti more nebuious
future; and that if want TO avoid the most eVden
danger of sliding backward. we absOiu'eY must ~
forwardi Has he not himself perhaps unwlthgy,
expressed instructive apprehension OF tne pOSsloiD
tanning steadly the Noiuuo W l -, nd
minimum point and then added the very important 'lu
significant quaicauon as far as practicaDet' DOCS
ne not know now elle,ic tna' m - "a ~a fts
practicable has already been made by repeateu diae
haon and how much elastic 1t may be made by nc
vicious notions which embarrassnenis or also anew
period OF specuations, may engendert Does be not
know that infatiOi far practicable without eR
ton is going on to-uayi Does he not feel himself
avoid the danger or sliding backward. a
mere passive reliance upon DIN idea. vague
trust that things which have gone badly before VIII 90
very well henceforth. and come all right " IN time
is that the only foundation upon which great govern
our honor and good name, when the fortunes OF the
country ana the morality of The people are at stake
In his remark the other day he declared himself op
posed 10 contraction, which term, to judge from the
spirit OF his speech. included all legislative measures
tending TO bring on resumption OF Satie piFhsnts'
The reason hc gave this IL wouid BRING the busi
and by diminishing the revenues. render taxation iney
Itabe and impair the credit OF tne country" These
words when say that the Senator advocates the let
policy distinctly in order 70 avoid such dIiicul-
ties And let the Senator LOOK around MIN
and examine the events which have recently
taken place What does he boho'df crisis
try to a stand, diminish the revenues. and by
diminishing tAe revenues render taxation inevitable,
and thus the identical things which he predicts the
results Cf legislation leading to specie payments. nave
actually come 10 pass under the ldentlcaI do-noInng
,,,licV Vxphtc bn adj
disasters and which he as secretary of the treasury as
we'll his faithfully adhered to as far as
practicable And venture to say further that that very
dO-nothing pOhcy, keeping alive all the ev niuenc es
Of redundant irreacemable currency and strengthen
ing them by creating popular belief that according to
the settled policy of the Government nothing would be
counterfeit them, has very materially aggravated
not 90 over that chapter again. Such was the practical
upshot of the do nothing policy. This Is piece OF
stand teachings instead of wasting our time III look
ing through telescope into the fog banks OF infinite
the benguant star whose advent in time Is 10 make
all comfortable in spite of ourselves The teachings
understand them, Will convince us that the
same economic disturbance winch has occurred under
the dOnOthuC pOiCy may aud will come again. II
the causes and agencies which brought them forth are
revived with probability of their heing strength
ened and that, finally, after much more disgrace tbu
ycrv b,,rs which inc Senator from Missachusrtfs Is
afraid doing, then under far greater difficulties
The policy 0i the senator from Missachus5tts IS par
cuaiy dangerous, it carries certain pau,i-
blity about There good many persons in this
as all other countries who consider the science OF
finance ono OF those mysterious things which, as Lord
Dundreary says fellow find ont" ana who, be
they DO not take pains 10 investigate It's laws con
tent themselves with saying that there are none When
in difficult circumstance, they do nOt clearly know
what is 10 be done aud are bewi!dercd hy dtucs ma
dangers, the nature OF which they 30 not understand
they easily persuade themselves that dong nOtmnE s
safe any thing else At oil events, II relieves hem
tor '"f rom Massrrhneetfs that have the highest
respect for him, ana the sincercSt belief IN the
consceutiOu with which he advocates his f1yOre
theory HiNUFIpN
tends confirm that inert state OF mind which here and
there prevails IN the country, and which is so little
suited to the exigncies OF these times; and submit 10
Ieved rIe IC tb h' Copor,ss ~ thr I-nitJ s,oto@
wnen called upon find remedies for diseased
condition OF things. TO stand siii ana let the disease
diminishing revenues when, by the very operation
of that disease business has come to stand ana the
revenues are diminished We shall nor present very
fyIug spectacle the world hiding heads N the sand,
paralvzcd with the apprehension that, Nv moving We
might break some thiug whIie the breakdown has ac-
tuIy occIrrcd an M pieces OF the wreck are flying
II the Senator viii consult history, he
Will discover mat no country that was cursed by an
uredecmablc lc BARTENDER paper currency got back
To specie payments without bringing them or by de-
csive governmental action ana mat every snch nation
which trusted 10 natural development and aostaiHcd
from governmental action 10 bring on onresnmpioa-i say
every One-iTreSSlbY run lhtO lepu-laUOh ana bank
ruptcy. 80 mach for the policy OF Eappy eXp.ctatI9n
slr. sCHUM closed at $40 p N. when Mr LEWIS
rep, IthAJ moved thal me senate pr' 10 tHe con-
sderatIon of Executive business winch motion pre-
At s5 O'clock tAe doors we're reopencd and the Senate
adjourned until Tomorrow.
HOUSE OF REPRESENTATIVES,
Mr.. Cox Dem, n. " presented memorial
Of the Newly orA Chamber OF Commerce TO the mer
chant marine, advising in what particulars II can be
improved Dc.
Mr. POLAND (Rep, VT. from the Committee on Re
vision OF the Laws, reported bill relating to the United
States Circuit and District Courts, merely making
regulations as the holding of terms OF the courts the
Adjournment Of the travelling expenses OF the
Judges the cernCatOn of transcripts, the prosecution
.,fr -iIl1- 6 4t. "a ID -
Mr. POLAND alsO reported revision aud cOdlUcatIOu
OF tine statutes up Dee 1873. aud dcd 10 give
history OF the work and statement OF s Importance
and necessity.
After a long discussion as 10 the mode of considering
aud acting the revision reported consisting OF over
1900 printed pages IL finally agreed 10 nOd two
evening each week for its consideration, be-
ginning wltH Wednesday ana thursday evening Oi neat
week
THE NAVAL APPROPRIATION BILL.
The House tLcD, at O'clock. went into Committee OF
the Whole. Mr. l. II. Roberts Uep y. - TIE chair
and resumed the consideration o the Naval Appropria
ton bli.
In discussion an item appropnat!ns ~; 900 forthe
civil establishments the yards Nj. BECK
Dem. ky.l spoke Of the eXtravagance OF the Navy
department. charging that whereas IN the our years OF
Mr. BuClaudus Administration, tuc average annual cN-
penditure bui Sl2D00J whle - hfsclass vessels
weTe'bult that period, the average yearly eXpeud-
over S4t,OJO,OOc While not single
vessel had been built. What had become of all this
money! IL had gone To the naVyyards To keep the civil
building ships lOr any Other than purely political pur-
poses.
Mr.. HALE Gep., Me- replied to Mr.. Beck and init
mated that that gentleman never got Tired o. dluDng
he had not asked the question twentv iorty, or
hundred times, ana been answered just as often.