, 1875-02-15

regard to the popularity Of their bill which
they will wish they had known sooner.
-....S -...................S
s'FoR DAWES 70 PECK At"
Mr.. DAWES wishes uB to believe TINT tho
most brilliant intellectually md the most en-
during physical organizations in Washington
have beon gradually wasting awny in their
life-study to explain tho decreaso in the pub
lie revenue for the past seven months, and
then have failed. With oil duo respect for
tho superiority Of Washington minds and tho
physical endurance Of Washington natures,
we must be permitted to remark that the ex-
plauation is about rs obvious aud notorious
az the nose On mans face. Not to delugo
the Congressional mind with too many rea-
SONS ut once, wo will merely mention the fol-
lowing:
/. The decrease Of Government revenue is
mainly owing to retronchmont Of expenses
by the poople at large on account Of hard
times and the atagnation Of business. The
distress Of tho panic was not felt so gen.
ernlly for the seven months Immediately sue
cao1ing as for the past seven months. In the
first ploce, tho effect had not extended SO
widely; in the next place, ths general re-
tronehment had not yet effected the importa~
ton md consumption in so great degree.
But the lines wore drawing In gradually.
There was stendy and uniform contraction.
Aqueous fluid Was being squeezed out Of the
watered Btockg. The gla WIS escaping from
tho balloons Tho kites wera catching on
tho tall trces speculations were collapsing.
Inflated prices were falling. Husbands wero
buying less broadcloth wives wero buying
1eaasilks. Everywhere there WIS the same COM
mon purpose Of 1aying by for the greateretress
to come. This WINS the effect Of the financial
collapse. The 'peopla realized it few
months nfter it had come; tho Government
felt it a few months Inter. But, whi1o tho
people trimmed their sails to the now wind,
| tho Government did not When the people
found their incomes growing less, they reduced
| their expenses; when the Government found
it's income growing less, it wont on in tho
same old extravagant way. Government
thriveB upon the extravaganza Of the gov
erned. The tax on luxuries yields the grent-
est reyonue. IA the people have retrenched,
| the Government revenue has fallen of. This
| is one Of the reasons for the decroase Of rev.
enue which b1r. DAWES thinks ''no fel1ah
can understand"
3. Another reason why the Government re-
coipts hayo fallen of is because OF the "pro-
| tsctiye policy" which Mr. DAWES cowardico
forces him to advocate. Since the "proteoted
classos have not been able to take ALL they
are content to take part. It Is because the
present tariff has become prohhitory in its
| n,n1;n.R:ou = >,nru 1fnaa ~ md ta
cause the proposed 10 per cent increaae will
make 1t prohibitory Of other articles, that tho
Secretary Of the Treasury needs new re-
sources. The manufacturers and producers
Of certain staplcs-pig-iron, steel, carpets,
paper, muslins, lumber, and salt, for instance
have decided to accept but portion Of the
advance in price affected by the tariff on
these articles, and in this manner
effoctually exclude their importation. Houea
no revenue from these sourcoa. Tho pro-
posed increase Of 10 per cent to tho
existing tariff on the whole range oi
the manufactured articles Of this country
is for tho express purpose Of enabling man.
ulacturers Of other lines Of articles to dc
the same thing. Thus tho present taria
ranges, we will say, from 35 to 85 per cent
ad ualorem, which represents the amount oi
profit added to tho articles In tho list which
are manufactured In this country. An in
crease OF 10 per cent will raise this average
to from 45 to 95 per cent. The ,nanufactur
ers can retain their present "protectcd
, profits Of s5 to s5 per cent and add part o1
the 10 per sont, and still undorsel
tho import price under the increaset
thrift, md exclude all competition ant
stop importation. In this woy the 10 PEI
I cent increase will not only fail to add any
. thing to the revenue, but It will actually di
mlniah the current customs receipts, whil
! It increases the cost OF goods to the people
. This Ia why h1r. DR1arow estimates a fallin,
8 of OF over sl3. .000,o 600 In customs roveRl
for the current year. It Ia not because On
. other panic ia anticipated, nor On account 0
! the effects Of the late panic. After tbs pani
i, OF 1857 the customs receipts fell OF fror
!, 500, 1880 In that year to gil, ,789, GIL /
|, 1858; but after that they increased fror
t s41, ,7so, GEL In 1853 to &4s, sG5, ,s2a in 1856
Q Rnd from TINT to 453, 1883 in 1860, moi
& withstanding heavy decreaae In the tazi
+ rates meanwhile. Following this precedent
I We might naturally expect IN increase Of th
= revenue from luties during the present year
q and there might be m increase II it were ne
r for tha outrageous combination with lie prt
tscted elassss into which III. DAwrs' veal
" ness has betrayed him, - s1elads esztAl