The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
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| give the reasons in detail Why the tariff laws
should be modified. They are complex
unequal in the burdens they impose, and
involve enormous litigation. For instance,
there are now 5000 revenue cases on the
dockets Of the New YORK city courts alone
Then there are 1902 articles taxed, he said
by them, and OF these there are 1000 arti-
cles that only pay q revenue OF $500, 900
Since the passage OF the first tariff act there
have been 176 tariff acts or laws, parts Of
which affected the tariff. Mr. Wood said
that under the present tariff it costs five pei
cent. 10 collect the revenue, and under the
proposed bill 1t will only cost three per cent.
THE REDUCTION IT MAKES. ass
The average reduction under bis bill, he
said, would be only Is per cent, but he
himself thought it ought to be 30 per cent.
He'then went on to appeal to different
classes to support the bill, showing how
every article the farmer, mechanic, and
others use is heavily taxed, and added that
almost the sod on the grave pays its part OF
the burden. He noticed the fact that OBJ
jections to his bill came from two classes
first, those who said it would decrease the
revenue; and second, those who declare it
will iniure American manufacturers. The
views OF both these he deemed entitled to
consideration, and he proceeded to meet
their objections. His tariff bill, he claimed,
will raise $40, 000,O 900 as against Sl2s,000,-
900, the average raised annually under the
present tariff. He said then we have S40,-
100000 surplus, and this will enable US to
reduce the tax on internal revenue subjects
2O,0O0,0O0, and on imports S20,O0O,000 He
contended that the manufacturers Of wool,
cotton, silk, iron, DC, will be more bcne-
fitted by the advantage they will derive from
having foreign countries opened to their
products than they can be hurt by the re-
duction of the tariff on the articles they
manufacture.
THE SUSPENSION OF THE SINKING FUND.
Mr.. Wood strongly urged suspension Of
the sinking fund for eight years. This will
give the country relief, and enable us to
tide over the period OF business stagnation.
Your correspondent has already stated in
these dispatches that every Democrat On the
Ways and Means Committee favored this
proposition, and that If adopted it was
claimed that the tax on tobacco can be re-
duced to sixteen cents, and there will be no
necessity for an income tax.
BRIEF ITEMS.
The Ways and Means Committee will to-
morrow consider further the income-taX
bill.
Those opposed TO a reduction OF the to-
bacco tax are beginning to learn that the
revenue from tobacco commenced falling
off long before the agitation for reduction
commenced.
Senator ingalls, to-day wore black pants
and a short double-breasted drab coat-not
a senatorial outfit.
Mr.. Wright, of Pennsylvania, to-day in
troduced bill for increasing the quantity
of money in circulation, &c. Mr.. Town
send objected to having it printed in the
Record because he didn't want his constitu-
ents to pay for printing the gentleman's
stump speech.
The substitute for the bill retiring the
national bank currency is the special order
in the House for April 23d.
Mr.. Edmunds said to Blaine to-day that
there were senators who were not so black
as they had been painted in connection with
stocks. Why throw bricks B.?
Cincinnati wants Mot.
The weather has been very gloomy to.
day.
[Associucd Press reports by telegraph TO the Dis
patch.I
Among the unimportant nominations to-
day was that of Susan H. BurbrIdSe as
postnlistress OF Hopkinsyille, KY.
The Committee on Elections have agreed
on report dismissing the contested-elec-
ton case OF O'Conner rs. Cain, from South
Carolina.
Messrs. Evarts, Spencer, Key, and De-
VEINS were absent from the Cabinet meeting
to-day.
Mr.. Wood spoke three hours and a half
to-day in support Of the new tariff bill. BE
claimed that the needs Of the Government
would allow an abatement OF S4O,000,O00
from the burdens of the people, and that
the proposed bill would realize $20,000,O0O
in excess OF the present tariff. The inter-
nal revenue, which was most burdensome
to the people, could be reduced to that ex-
tent-say $60,0OO,000.
The report OF the special commission on
railway service was submitted in both
bouses to-day. 1t is signed by Daniel NJ.
Fox and George Nj. Bassett, Of the posta!
commission. 1t recommends space and
speed instead Of weight rs the basis OF
compensation.
The Committee on Pacific Railroads OF
the House has directed Representative
Chalmers to report, with favorable recon-
mendation, a bill similar to that now pend
ing in the Senate known as the Judiciary
Committees bill.
xLVTH CONGRESS--SecondS Session
WASHINGTON, April 8, 1878.
SENATE.
The Committee on Appropriations re.
ported the deficiency bill as passed by the
House, increasing the aggregate nearly hall
million, OF which the army gets 100000.
The Pacific railroads funding bill was
rac,,p,a5 and tha remainder or the day was