The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-16
Washington.

I Washington.
THE " DISPATCHES " TELEGRAMs ENDORSED
! THE BILL TO REPEAL THE RESUMPTION ACT
REPEAL OF THE BANKRUPT ACT-THE REvE-
NUE. BILL-THE PROGRESS OF THE TARIFF
BILL-THE BLAIR RESOLUTIONS 1NTHE HOUSE
OF REPREsENTATIvES-THE DISTRICT BILL
| BRIEF ITEMS.
I from Our Regular Correspondent
WASHINGTON, April ID asked Demo
cratic senator to-day what the Senate Fl
nance Committee would do tomorrow, and
lie replied that he had read my dispatches Of
Saturday night, and that they were correct,
according to bis Information. He had there
fore nothing to add, except that the report
of the committee, as already clearly fore
shadowed by me, will pass the Senate by q
decided majority. The opposition to it, he
said, will come from tne ultra men OF both
financial parties. This view seems to be
concurred in by the best-iniormed members
OF Congress.
Mr. Hereford, of West Virginia, to-day
gave notice in the Senate that tomorrow he
will demand vote on his resolution in
! structing the Finance Committee to report
on the House bill repeating the resumption
act. He said the House bill had been be-
fore the committee five months, while the
resumption bill was reported by Mr.. Sher-
man from the Finance Committee in 1874
without iuitiatory action by the Senate, and
that within twenty-four hours after it was
| reported it was passed, although Mr..
Thurman pronounced it a Republi-
can plot. 1t went straightway to the
House, and was passed there without
debate, under suspension of the rules. He
said there are now S34s.0OO,00o Of green
backs and 5000, 100000 national-bank notes,
making sG47, 900, 900. The national-bank
| reserve fund is 1920, 100000, which is with
drawn from the circulation OF the country,
| and this leaves S427 100000. Then, as $780,
0OO, 900 is usually kept in the Treasury, there
is left 1892, 100000. From this be deducted
ten per cent. for notes lost by fires, &C.,
and he gave $685. 900 as the actual
present circulation of paper money. lie
said the vast reserve of the national banks,
which was Ss4,OO0,OO0 in excess OF what
the law required, was horded up for Janua-
ry 1, 1870, the date fixed for resumption
under the resumption act, and when ne
wanted repealed. Now, as the eommlttee
will agree upon a substitute for the House
bill Tomorrow, Mr.. Hereford's resolution
will be unnecessary.
THE BANKRUPT ACT REPEALED.
Six days ago no senator could tell with
certainty what the feeling Of the body was
in regard to the repeal Of the bankrupt law,
and there were those even inclined to think
that the substitute. Of Mr.. Matthews would
pass, and yet to-day the Senate, by vote
OF 81 to 6, voted for pure and simple re-
peal. The negative votes were Messrs.
Anthony, Allison, Burnside, Conover, NC
| MILAN, and Saunders-all Republicans.
Mcssrs. McCreary, Conkling, White, and
Herman advocated repeal, and Mr.. Matthews
Withdrew his substitute, so as to permit
direct vote. The House will by tWo-thlrds
vote concur in the action OF the Senate.
THE INTERNAL-REyENUE BILL.
Tomorrow the Ways and Means Commit
tee expect to complete the acknowledgements
bill. which includes the reduction OF the
tobacco tax, the exemption OF saYings-bank
deposits from taxation (when party mas
under $4,000 in deposit), and the income
tax. have already said that it looked as
if the committee will agree only to part OF
the subcommittee report in regard to III
comes, and l still believe that the income
tax bill which they will report will exempt
incomes under So, 900 and put uniform tax
on all incomes above that amount. The
subcommittee recommended graduated
system, and this is still favored by the
southern members of the Committee OF
Ways and Means. The other exceptions
already given in these dispatches VIII De
agreed to.
THE TARIFF BILL.
The progress OF the tariff bill has been
painfully slow, and while the deportment
OF Mr.. Wood, who has it in charge, IS
study. he is too stage-coachy in his move
ments for tie heavy work he has In hand.
Mr.. Tucker will speak this week after Gen
eral Banks has concluded his argument. y
calm survey OF the situation does not lead
me tonight to believe that the tariff bill IS
by. any means certain to pass. for it seems
70 have lost some ground Of late. The Penn
sylyania Democrats are evidently against
il, and there are other northern Democrats
who cannot be counted upon to support
it. Then the Republicans are nearly unit
AGAINST the bill. When the general
debate is over, however, its fate will be soon
known, as there are more Republicans than
the excitable, duck-legged member from
Philadelphia, who are feVerisb for an OPP
portunity to move to strike out the en-
acting clause OF the bill. II the bill, how
ever, is defeated, it will not in my judgment
affect either the reduction OF the tobacco
tax or the imposition Of tax on incomes
THE BLAIR RESOLUTIONS IN THE HOUSE..
A bill to carry out tue Blair resolution;
was offered in the House by Dir. KENNEL,
OF Maryland, to-day, and went to the proper
committee with an unaccountable ease; bu
|when Mr.. Swami, Of the same State, pre-
sented the resolutions adopted by the Marys
land Legislature, the Republicans, under
the lead of Messrs. Garfield, Conger, ant
Banks, did not want them referred ant
printed, but urged that they ought not to b.
even received. This was not the old-tim'
Abolition or Republican doctrine, for petit
lions even to dissolve the Union, the Adolf
tionists declared, were entitled to respectful