The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-12

1870 rs fUlows:-
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The recepis the ars. seven months Of last issal
Son,ns Of this year sis5 coooo5 being falling of
Hr GARFIELD rep) of Ohio, INQUIRED whe her the de-
had reacheda bottom, or whether the receipts
Mr. 1--WE replied that up to the goth December the
the Isl Of anuary they had iaisn of very seriously
For three tour days after that they had
sstmatcs Then hey had begun 10 iall BACK again,
&c Ss a '6fr' peoembe &esn from sa5%S
am vet hs oet thas are &c s W
cepts lhe reduction Of expenditures was the work Of
Congress. but The wore OF those Influences trade
business which Congress did not assume to
Nj BUTLER. rep) OF Mass. asked Mr.. Dawes whether
revenue. nue. -
TIE SINKING FUND DEFICIT.
Mr.. DAWES replied that the falling of in internal
spue was much less than in customs The last report
gone oevoni the estimate the treasury Department
ina, whatever evidence OF Internal prosperity that
gratifying inan II would otherwise have been lie
beoarnent to comply viii The law requiring one per
me ma 5om us g e a ban to hs
to there had only been SiiItOO,0l2 paid into IT,
dacton Of the pubic dot by he purchase Of bonds was
0G reeg @ the wlsn nf to Se sinking fund
explicit that every year much should be paid,
would not releye the from IT'S obi saions
10 the snking iuu Ds aus az me Donus purchase IN
only sizass s3D asaIost sii7 O6 which should
Mr. Brcs, den o. XIV asked Mr.; Dawes whether he
,ad official Information 10 that effect
Mr.. DAWES replied that he had-that Is, from official
Mr. REcK intimated that. besides the amount men.
aoncd by caves there mad been siOlcoo % Of
,even-thirty bonds and three per cent ceruncaies.
s4wrs mean The sni reapcen 81 ise bonded debt
Mr. NrrLAcK agreed with Mr. Dawes that the purchase
nns s and and t6a that law had been
dsregarded until ,his time ani he asked what expana
he law nc himself had been utterly asIounded when
Inc government had been inrec,ly violated in ma ter
when regarded by foreigners as essential TO pubic
Mr. DAWES stated thar Secretary Boutwell, had
fund every dollar which the law required. secretary
ceipts OF the government to us expendi-
lures. aud mad called on Congress to furnish him win
TO say that Whatever impaired that sinking
hume "a and abroad aud the tact that the sinking uni
lacked twoniris OF the amount Which VII, should
sredt Of the nation and the. value Of its
smount more than sousht TO be raised under TINS
o He did no see where ne expenditure could be
lore the House was how could tue government raise
sncci Il Congress had two or three years ago
abolished the duiy on tea and coffee 'here would be
Dir. Cox, deni3 OF n why did not your committee
Mr.. DAwEs-fhat would require another considerations
WHAT would the government get BY restoring mat tax
Presidents that that duty should be restored
trade the country had tu ned ITS aticn
MON " we xn Soledcs of he t, maj
to-day more than years stock OF tea
hand. Therefore, 10 impose "A tax 81 nueen cents n
pound tea would be ~ pat the money In the pockets
OF the importers without any corresponding advantage
the government MI Dawes went on 10 give statistics
As 10 he manufacture whiss ey and STOCK on md
cries ANA bonded warehouses, ami 10 dcenq and
advocate the recommendation OF the Committee ways
and Means in regard "
lie estimated the Increased revenue which the govern
ment wUuld derive irOiu tue bill as lOll0ws;-
SIC 3OOO1
Restoration OF tho ten per on manuIac.
In ali anout thirty seven and thrce-quartcrs millions
this TO te deducted about Two ana na mil
ions by The rcpca OF the iaX on maphes cayns a
VI So, i,'UJ Wheu would lNsi about meet
he estimated requirements Of the government.
NECESSITIES OF rHE CDvERNNENE
In conciu sio he sad lt remains therefore. Tor the
House to saw whether II VIII meet that dcncit IN
lie treasury secondly whether 1t III meet II ~ seek
attention TO some other method Of mccnug IT,
The oi lhe government Is involved N tins cues
To Keep aIt - involved III The question IL may be
that GOumitse % ways AM Means has o' selected
the articles on which to impose tlis lncrch,ei duty
Il will DO Tor tile House. % course. % pass upon mat u
he II oIse makes ~ lbs mind 10 add 10 the revenues
D. the country by means OF increased taNaton e
amount which the stiles o. government re-
Augment and Vision Of the selection made Nv the
ouitnittce Ways and Means 10 wa decision Of the
House shall believe mat restoration OF ths duty on yea
AMI cohec after what appears TO De the condition Of
ihat radr, Will be wiser course han restoration VI
tie per uuty manufactured goods or than an
thirty cents gallon on whskeY than
Increased duty imported sugar ~ Will be Tor the
House 10 take the responsibility