Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-03-06

he did not read the addition and SUBJ
traction tables Alright. He sent to the
clerks desk and had read an ex-
iFact from Mr.. Dawes's speech, to
alow. that the question, whether in.
lis statement of expenditures for the
current fiscal year, the sinking fund was
or was not included, and said that he re-
ferred to that part OF the speech because
of the fact that Dawes had frankly and
manfully acknowledged that the sink
ing fund was included in his statement
of the years expenditures and was not
included in the statement of the previ-
Gus years expenditures, and had not
gone into the country. While accusations
go on horseback, refutations travel
very slowly on foot. The house had
been very much startled, at least for a
moment, and the country had been
startled for days by statement that for
the current year, fiscal appropriations
had swollen from $780, 600, 900, the figure
of last year, to 1913, ,O00 In other
words that the extravaganza of congress
had swollen expenditures to $3.50, 600, 600
in a single year. That was most start
ling statement, that when that
1920, ,000, 600 was absolutely taken
bodily out of his Dawes's1 statement to
IL COt4CCAs ANOl OulT L11C DOt-
tom had gone from the cause of
alarm, but the alarm ought TO have gone
with it. He stated to the house the con-
clusions arrived at by the committee on
appropriations, they having settled
it as a principle that they would not un-
dertake to cut the appropriations down
at all hazards TO the level of
the revenues. They did not be-
lieve in that; they believed that
il a cutting down of such as ought To be
made for its own sake did not carry the
treasury through, it was the business of
the house to provide the ways and
means to make up the deficit. 1t was
the business of the house to fix it when
it came to the place where tax alton was
necessary to fill the deficit. The COM
mittee ON appropriations proposed that
whenever there was an appro-
priation, growing up out of war,
or otherwise, that might safely
be Topped off, to lop it off; and
when an expenditure could be post
pOned for year, without a serious in-
jury to the government, 1t was for the
interest of the government to postpone
it. When the committee had done
these two things, they did not propose
to cut down another dollar anywhere.
He then went into detail of the esti-
mates and expenditures for the
next fiscal year, and stated as
the figure of reductions, S34, SOC, 900, be-
low gross estimates, and his figure was
liable, of course, to be diminished byva-
rious appropriations which might be
made by congress, such as appropria-
tons for the centennial celebration and
for the Washington board of public
works. He thought, however, that he
was safe in saying that the expenditures
for the next fiscal year, inclusive of the
sinking fund, would be reduced twenty
seven million dollars, provided the
house should assist the committee on
appropriations on all its bill, as it had
already assisted it on the bills reported.
He believed the revival of business and
restoration OF public confidence would
enable the government to go through |
this year and next, without additional
taxation; but if all its efforts to bring
expenditures to the basis indicated, con-
gTess found it necessary to levy tax, he
had no doubt this congress would stand |
up manfully, and restore the taxes
where they had been cut down. Hedid |
not believe that would be necessary. He !
believed that when they met next ses-
sion, there would be no deficit, but a
surplus.
Mr.. Beck said he was prepared to |
demonstrate the fact that the sinking
fund was embraced in Dawes's state |
ment of expenditures of former years as
well as in that of thescurrent year, and |
that when Dawes took back the state |
ment which he had made in this re-
spect, he did what the facts did not |
warrant.
The committee arose, and the house |
took a recess until half-past seven |
o'clock in the evening, to be for the con-
sideration of bill to revise the statutes. |