, 1875-02-12
WASHINGTON.
Presentation Of tho New Tag
Bill in the House,
4 Careful and Earnest Speech On lis
behalf by mir. Dawes.
The Post-0alce Appropriation Bill
Passed in The House.
a Futile Attempt to Revive the Frank
ing Privilege.
Tho Senate Considers the Bill for the
Government Of the District.
Morton's Suffrage Amendment
Rejected by q Tic-Vote.
Tho Senate Considers the Bill for tho
Government Of the District.
nIorton's Suffrage Amendment
REJECTED by a Tic-Vote.
THE NEW TAX BILL.
BONE CURIOUS AND INTERESTING FACTS HHGARb-
ISu THE lEYENuE.

fE NEW An Gii-lt -..
BONE CURIOUS AND INTERESTING FACTS hHdARD-
ING THE NEyENuE.
lspectai D1spatch 10 Tie Ctitagn 7frsbtre.
WAan1soros, D. G., Feb. 11,--rho GAUGES
whicA havo made necessary 3 uew tax liti, were
explained by Afr. Dawcg, IN apeect OIL tho Ma
tional budget. The fact that deficiency Ia in'-
pending, le c1aircd, IL duo to mysterious intu-
ences stronger than legislation. lle WAS not
yory hopnfni TINT tho Treasury Ind touched bot
tom. One reAaon why tho receipts Aaye HhDTn
tho tnaccuracY of tho estimates Is the TACT that
the estimates for the last yonr wcrc basnd upon
tho business Of only fso montha Of renr. and
thoao fvo months Immediately succeeding
great panic Tho fact exista, howeFor, that tue
actual receipts anco Dec. l. compared with tho
estimates, arc moro widely diloront ttan they
hava hceu IN auy ono Of tic last Two years.
Biuce Dec 20 tho recoipts from customs hnso
been falling OF Of shout tho ratio OF 100000
daily, making
AN AGGREGATE ALREADY or e3.ooos090.
# this reduction continues deficit oi s35 ooo,-
600 10 inevitable. Tho actual receipts for tho
last sevcn months, compared nth the receipts
for the corresponding seGon months Of last year,
show diilereuce Of 80, 379, $50, and thee0 soyen
months cover tho whole pesod Of the panic.
1he curious anomaly is prosoutcd that the Eoyon
months after tho panic yielded moro rovenuo
tlian tho last aevcn months. To meet this
o1ieency two things must DO done: First, tha
cause Of tho decicaeo of rccoipt mnst be OK
plained; or, second, naI l141Ces Of reycnuo
inuat be discovered. Ihosa who Iayo made
fnanco ltfe-study have beea uaaotu to satiH:aa-
torily explain tho decrcase. Tho ond Of tho de-
creaso is not yet reached. Up to tho
| goth Of December the receipts worc near
tho estimates. From Dec. 20 to Jan. l
tho receipts foil OF very greatly. For few
succeeding days thoy wero above the estimates.
From tho ist Of February tIiote has been COLI
asant falling oil nnti! tho nggresate of tho rre-
sent deficit IL nearly et,oD0o 600. While this ia
| true of custoIna.
THE lxrEnEAr. nEgESuE HEeE1rTs
t until within tho laat fcw days have actually OK
] cectlcd the estimates. A1r. DaHea, as TO the
sinking fund, took tho broad ground assumed by
tho Secretary Of tho Treasury that It in tho duty
Of tho Secretary to first take from tho nancy in
lilo Treasury the amount necessary for
the interest on tho public doht and for tho sink
ing fund, and to oply tho residue, II any, to tho
appropriations. Thls law has not at all times
been ntrict'y followed. but the last Secretary Of
tue Treasury, Richardson. II tho only ono since
| 1863 who llas not provided for the sinking fund.-
Afr. Boutwell, eot ni,art ovesy dollar. Judge
1ltchnrdson fnicd to sol nra1t tia sinking. fund
money 4nft to pny thu appropriations m.,io
tic attention Of Congress. mr. Dswes made
tho significant statement that this ncgc1t to
cnrely provide each year for tho linking fund has
hnd
vEHy INJURIOUS EFFECT uPoN oun CREDIT
in tla markets Of tho world. Tits !,aa proved
eapeciallY trus In the negotiations Of tho funded
loan. One Of tho ptlncipss arguments mado
against tho loan III that tho snkng tuud Inns not
| bcen provided fur Ms required BY tho law upon
Which all tho Government bonda ato based. II
tltis LAW bad boon rigldy executed, tho amount
sinking fund aAoull DO e4i7,5Go, CSC, while
the money actually III the TruaYury credited to
this fund is anly el4,,oBo QUO. more tha,,
made good upon the theory that t!,s purchase Of
bnnts from tinae to time III equivalent to con1-
plianca with tho }nw with respect 10 tho Ri1aAipX
fund, for oven it thIs construction Of iho law
could be admitted tho amount Of bonds which
linse been purchased. added TO tho coin set alnit
for tho sinking fund, aggregates only e323 a55 500
against e417b4GU5G tho aggregate amount
winch should have hesn paid i1tc this fund. Iiss
ME. D2wcs thought was
knd involved the honor and The credit Of the ns-
ton, A stsics conformity with tho iaw requires
tho Secretary Of tho Treasury to tfrsb take the
sinEtnE fund from tho customs receipts, and t.
dexosa what Id loft 70 app.onsins,ens, II shi'
Ind been dono, a,il the siao, ,000, Uoo taken on
this Year, thero would now DO datlcit OF 6.a,
QUO ooo. This is tho language OF tue law:
That thu dntass rs!d n,aa ho sct apart ~ hnpn
Il es q ss a sefs. IL 10
notes Of the United States second 70 te payment o.
II h b .es apart = sfhk'ug-fund osc.; third, th
rfsns M M thereof to he paid into the Treasury u th
. Tha Democrats will mike the point that tn
aggregate OF bonds purchased is not correct, o.
the ground that othsr than per cent bond
!. should 10 accroditoa to tho sinking fund. The,
CLAIM TINT sone ~. 900 0uU OF 7.}o aud rcr cen
certificates, also rcdesnea, should 10 credited Il
this fund.
As TEA AND COFFEE,
Mr.. Dawes explained sAat the Comm!itts haj
or,itted those Articles from the bill for tho rca
t aon that tlcy wore accurately informed ttat tl
, lirn,t Of tho tea on hand to-day i
tho limit Of production ~ tho tca-grow!nI
. iupor.ers hase boon bringing III largo careoes
ana 1hoy aro now here, ttnpottuntng Congress tt
= | iHpoHa a tat OF II ccnts pound On toa, whicI
il ND no rosOpMo to tho Government, and wnn;t
only add to the profits Of The importer. Th
at4lne Mgs thought
NOT ~ M TAu1 OF WHISKY.
Tho htgh price Of grain llaa pleYonted excessive.
J ! Yoanul4cture and tue tax ot Ii ccntB woul
, rs,aeh most OF tho 1l,G00,o0Q gallons 81 there
t.boutH. now in bond.
!, Mr. Dawes explained the difficulty With respcc
o the stamps. lie Baid tile Committee propose
permit tito uso Of Any Of the existing 10 and
! ent stampa which, adtled to tbs 70-cent stamps
'.sou!d enable tho denlers To dispose Of thei
: t'tocks without the delay Of Al hour. Tho queA
lion az to who shal pay tbs additional t5 ccnts
IN CASES or PENDING CONTRACTS OF SALE
;od that The Law might to gunlo e1tent ba eya1o
loy retail dealers, whom tla Con,1n.ttne acknowl
edged they would not undertake to control.
. TIE OPPOSITION,
FoEoatdo Wood, In Lis elscc. upon the bl1
: lnacatcd the united opposition OF the Demo
Gratis TO IT, His speech vas Of negative cha,
: aeter. 1t contained one very stal.1ing all
alarming statement TO thoao who llaye slle homo
OF the country at heart, Wood admitted tha.
Question might bo raised whether the sinkiu
!. ! fund should bo continued n ali.
|Jp the Aa*nrlastd i1eas.l
THE ntLL IN THE HoUsE.
WAaulNoTos, D. T., Fsb. l1.--Ille Hruse wcE
into Committee Of tile WAnlo, hIr. Halo (3le.
IN tue chair, on the Tariff bIlt cutltls IA ri
further to protect lilo sinking fund aud to III
yido for the c1geueies OF the 1uverllment."
rtEclt Or AA. DAWES.
Dir. Dsues, chatham OF the Committee 0
Wavs and Means, addressed the House ia sut
Ii Fort Of this bill. Ha reminded tho Ho1as thi
exactly 1aar ago hs lad suaasY0ssa to sho