New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1882-04-12
WASHINGTON Letter.
WASHINGTON, D. G., April 4, 1882

extra legislative body for investiga-
ton and report. The reputation of
both these gentlemen, and the abil.
lty with which they discussed the
great economical question, held the
attention of the House as it has not
been held before, this session. Mr..
Kasson argued that Congress was
unable to legislate intelligibly on
this subject. He insisted that men,
bers of Congress were under the in
fluence of local prejudice and that
they, were handicapped by party
platforms. For these reasons and
in view Of the fact that the subject
was of such Importance as to de-.
mand the entire attention of those
to whom it's consideration should be
entrusted, he contended that re-
vision of the tariff could be more
speedily brought about through the
labor of a committee of experts.
Mr.. Carlisle, on the contrary, ar.
CUES the duty ofcongress to act, and
to act at once, on matter that was
so vitality important to the business
interests of the country az an ad-
justment of custom duties. He in.
sisted that the bill shifting the du.
ty of Congress to the shoulders of a
commission of experts could lead to
nothing beneficial, but would, on
the contrary, serve to keep in a
state of agitation and suspense the
;c:; interests .h; ;c!: !. i &c: intends
to relieve. The debate was contiu.
ued thr oughoQt the week, perhaps
the most noteworthy speech being
that of Mr.. Dqnnell, who, DESERVING
the ground occupied by the Repub-
lican party, took the position that
Congress, and Congress alone, was
competent to act in this matter. Re-
viewing the disasters that overlook
the Democratic party in the forty.
fifth and forty.sixth Congresses, he
attributed them to the failure of
that party to redeem its pledges to
revise the tariff and he warned his
colleagues that the same disasters
would overtake them if they shrink
this work.
The reduction of The public debt
by SIG, 462,947 for the1 month Of
March is the largest monthly redQc.
ton, except that of last September,
that has been recorded for several
years. These enormous monthly
reductions Of the debt show the
healthy condition Of the National
finance and the marvellous growth
of national resources, but they do
not fully show the results that are
being accomplished, and it is only
| when the results Of a term of years
are aggregated that we can fully real
ize what has been accomplished. In
1865 the interest bearing debt was
the greatest in the history of the
country, viz: 81, 1881, 23O, 600 and the
interest upon it $l5l,c00 900. The
interest bearing debt is now only
! 81, 514, 752, 700, and the annual in.
terest about $61, 5000 This
shows that within the last sixteen
years the bonded debt has been re-
duced 1866, 49,, 900, eHectlag there,
BY saving of 800, 600, 900 per yea,
ip interest, In the same period
there has been q reduction Of the
non interest bearing debt of $685..
1871, 600 making the total reduction
since 1885, over one billion of dol
lars. The daily decrease since Au
snst 31st, 1865, on which day til.
/ public debt Was greatest, has aver
aged over t142, 600. The total receipts
ID the treasury for the preseu1
| month show an increase over thps,
| Of March, 1881 Of $4,000, 900. I
! may be said without exaggeratio1