The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-02-12

tue SINKING Iunu was e&pllCltt tuHt every
year 90 much should be paid; but even thl
construction Of the law as suggested woulI
not relieve the government from its OBJ
legations to the sinking fund, because al
the bonds purchased, including thOs'
charged to the sinking fund, amounted tt
only S323, ,253, 500, against S4l7,656, ,056
which should have been applied to th1
sinking fund.
i Mr., Beck asked Dawes whether be hat
official information to that effect.
Mr.. Dawes replied that he had 1t from
official sources,
Mr.. Beck intimated that besides thu
amount mentioned by Dawes there hat
been over $40O,0 100000 Of the public deb
redeemed and cancelled in the shape o
7.30 bonds and 5 per cent certificates,
Mr.. Dawes-I mean tho reduction o
the bonded debt, the entire reduction O
which is 1881, ,46T,OS7.
| Mr.. Niblack agreed with Mr.. Dawci
that the purchase Of bonds was no com
pliauce with the law al to tho sinking
fund, and that that law had been persis-
tently disFCgarded until this time and he
asked what explanation could be given Oi
that Noncompliance with the law, LIE
hLnself had been utterly astOunded when
he had come to look into II and TO sec
how tho faith Of the Government had
been Indirectly violated In q matter which
is regarded by foreigners US essential IL
public faith and honor.
Mr.. Dawes stated that Secretary Bout
we'll had every year during his admins
tration set apart for the sinking fund
every dollar which the law required
Secretary Richardson had failed to do So
but had applied the receipts Of the Gov
eFnmUnt TO meet It's current expenditures,
and had called on Congress to furnish
him with means to meet the demands for
tho sinking fund, lie went on to say
that whatever impaired that sinking fund
by one dollar impaired the national credit
ut home aud abroad, and the fact that the
sinking fund lacked twO-thlrds of tho
amount which should havc been paid
into II had told on the credit Of the IN.
ton and the value Of its bonds In thG
markets Of tho world to m aggregate
amount more than was sought to be raised
under this bill. He did not sec where
tho expenditures could be cut down sub
stantially, and therefore tho question be.
fore the House was how could The Govern.
ment raise thirty milliOns Of increased
revenue with the least deleteriOus effect,
II Congress had not two or three years
ago abolished the duty On Tea and coffee
there would I've now no necessity for this
measure.
Mr.. Cox-Whydid not your committee
report on the measure to restore that tax
Mr.. Dawes-That would require an
other consideration. What would thegov.
ernment get by restoring that taxp Since
the lst Of December, when II was suggest
cd In the Presidents message that that
duty should be restored, the entire tea
trade Of the country has turned la at
tentiOn to the importation Of tea, and II Is
the uniform testimony Of all having n
knowledge Of tariff that there Is In the
country to-day more than years stock
on hand. Therefore TO impose a duty OF
fifteen cents per pound OH tea would be to
put money IN the pockets Of the importers
without any corresponding advantage to
the government.
Mr.. Dawes wont on to give statistics Of
the manufacture Of whisky and the stock
on hand in distilleries aud bonded ware
houses, and to defend and advocate the
recommendation Of the Committee on
Ways and Means In regard to the taxation
Of whisky. lie estimated the increased
revenue which the government would
derive from the BILL Us follows
Whisky, $lU,S4O,OOO; tobacco, $4,600,-
900; sugar, $S,2l3,000; restoration
Of the 10 per cent tax on manufactured
goods, $S,6OO,0 900 In all about $37,75O,.
900. From this was 10 be deducted
about $4,000, ,00O loss by the repeal Of the
tax on matches, leaving net increase Of
$35, ,457 900, which would just about meet
the estimated expGnscSOf tho Government.
In conclusion he said II remains there.
fore for the House 10 say, first, whether II
will meet that deficit and secondly,
whether II will meet II by seeking ont
new sources Of revenue, as the Committee
on Ways and MeAns has recommended,
or whether 1t will turn It's attention to
some other method Of meeting It. The
honor Of the Government Is involved In
this question. The ability to meet ia
current expenses, "a well as 10 keep its
faith Ia involved In this question. II
may he that the Committee on Ways and
Means has not selected the best articles on
which to impose this increase. II will
bc for the House to pass upon that. II
the House makes up Its mind to add to
the revenues Of the country by means Of
increased taxation the amount which the
necessities Of the Government require,
II only remains for the House TO paSs upon
tho Judgment and wisdom Of the recon.
menaAdoh Of The Committee bhWays Ind
Means. To that decision Of the House
the committee will offer no objection. II
The House shall believe that restoration
Of the dnty on tea and coffee, after what
appears 10 be the condition Of that trade,
wifi be wiser courRs than the restota.
tiOn Of ten per cent duty IN manuiaC-
tured goods, Of than an addition Of thirty
cents d GALLON Oh whisky, OF than oil In
creased duty on imported sugar, Il will be
for the House to take the responsibility.
have tO Say that tany attempt ut general
tariff legislation at tlis time will be fatal
10 The object Of The Committee Of Ways
and Means and 10 the purpose which 1
believe aCtuates Congress. II YOU open
the door to general tariff legislation by
letting In this item which bears upon Oiie
member and that item which bears upon
another, and 40 on, you will load this bill
sO that Il cannot possibly become d law
at this session OF Congress, and the party
In power, which Is responsible
for The legislation Of The country, which
Il responsible for the maintenance Uf the
public faith with public creditors;
which Ia responsible for furnishing
the means 10 carry on the government
during The next lwo;yeafss BY any such
unwise and indiscreeL tampeting with
this bill will turn buf government into
The hands oithOSe who are not responsible
In that particular md who will be with.
out the means Of providing for the obi.
CATION Oi the goSefnment. have 10 say
10 my political friends on this side Of the
house that they need not EXPECT from
those who do not feel the responsibility
Of making credit any support for this
measure. Letthe bill be modified IA the
House may acc Ct, but not by any general
tariff details that would make Ii fail to
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