The daily gazette., 1875-02-15
Judge Keiieg's -AttacN on Rad
icdk LeO[sl0tiOn.

The attack Of Judge Kelley OH Radi-
cal Legislation was one of the notable
incidents in the House of Representa-
tives on Friday. Mr.. Dawes, Chairman
OF the Committee Of Ways md Means,
concluded his set speech on Thursday,
IN which he portrayed at length the
condition of the Treasury and the opm-
ION the Committee had arrived at and
declared that an additional tax Of S35.-
0O0,O0O would have to be added to the
already heavy burden which the country
is suffering to enable the Treasury TO
Keep up the sinking fund and pay the
interest on the national bonded debt.
1t will be remembered that both Mr..
Beck, of Kentucky, and Mr.. Wood. of
New York, had. after careful examina-
ton, made speeches in which they de-
nounced this increased taxation and de-
hled That there was deficiency in the
sinking fund. In fact they alleged that
instead OF there being deficiency in the
sinking fund there was now an amount
to Its credit in excess Of the law. MIR.
Kelley maintained the same thing. and
became rather more pointed from tbe
fact that he followed the speech of
Mr.. Dawes, with day intervening for
the Judge to further ponder and con-
sider the question. But Judge Kelley's
remarks do not stop here, they are
sweeping and charge his party with n
feckiessness Of legislation that has
scarcely precedent in the remarks of
any gentleman Of either party during
the present session. We make a short
extract from the conclusion of his speech
from the Congressional Record of Satur-
day:
Mr.. Townsend-I desire to ask NV col.
league MIR. Kelley how he PROPOSES to
make up the deficiency stated to exist
in the Treasury. " oN'''
MIR: Kelley-I do not see any deficien-
ccy; the taxes to be imposed under this
bill are to provide fund with which To
purchase $3l 100000 of bonds: and I
thank my colleague for asking that
question. Yesterday the honored Chair
man OF the Committee on Ways and
MeanS drew SO fearful a picture Of the
crimes OF those who had neglected the |
sinking fund that in Difference to their
memory | asked him whether he would
have had Abraham Lincoln and Sslmon
T. Chase impeached and convicted os
he seemed to think they had merited I
now suggest that il his high-fown an
Peals IN behalf OF the sacredness of the
SINKING fund have any truth in them
Abraham Lincoln, and Andrew .Jobnson
nnd Salmon Z. Chase, and William p
Fessenden, and Hugh McCulloch should
all have been impeached and afterwards
OF felony. '''
rose. oiefS
Mr., Kelley-I have not finished There
o no oetc'ency. The way one is made to
appear is (though not SO meant k;ndrsJ
to the way the books of great cornora-
tlons are sometimes doctored. The sint-
ing tund was provided for by law in 1863
puI IL really came into existence as a
LAW IN !o69. Before then we had eYtin-
: salshed large amounts of our debt. and
nave since then bought bonds and can
;eued them and stopped the interest on ,
Ihen. All the world knows that onr
'feait Is buttressed and sustained by the
payment and cancellation of nearly twice
me amount demanded by the sinking
'und. "'iAihs
Mr. MIR. Dawes-Now will the gentleman !
tllow me to ask
Mr.. Kelley-No, not in tho midst of
ny sentence. | wish gentlemen wouId
NJ dow awhile, especially the chairman !
II the committee, Mr.. Dawes who had {
Ih hour and half yesterday. This I
vas ABOUT to remark, is the way the al
eged denclt was prodaced: They carry
,ack those bonds from 1869 to 1862 and
harge up against the Cancelled bonds
nd against the hungry working neonla 4
the country deficit of the uuotas of
even years to the sinking fund because d
he payments were NOT apnl;ed 10 Il =
echmcally. They thus mark their on n
fopium of the dishonest managemept
I LINCOLN, Chase, Fessenden, johnson
ho McCulloch, by putting to tba;I 8
redit what would save them from in, Ii
eacnment !. or prosecution if thew were c
1iii hvlng and their crime had not haen #
ntlawed. Thus they propose to imnosa
ne payment OF the whole debt upon the =,
eoPle VINO have bere the burdens of tba q
ar ana to exact il from them in thirty -
ears less seven; that is, by CARVING y
ack part OF tho payments of the twen7 el
Y-three years and crediting them to the
'veh anteeedent years, they hone To q
Dmpel us to pay in twenty three years W
,Is debt, which has already been don NJ
LED upon us by the conversion into ola "
caring bonds and the increase of A.
'iatlve value Of gold to other connod; .,
es, and which by that process NAV ho ~
ladrupled; when we will ,iva 20 ID
irrels OF Hour instead of one fonr II
onnds of cotton and tobacco and fonr re
illons OF petroleum fer one. @