New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-29
They were permitted 70 land therefore ana went on their
uay last night
an ExTRl SESSION.
WHEN SENATOR ALLISON THINKS ONE SHOULD
RE HELD

BE HELD.
From The North American Review for April
An extra session Of Congress IN the beginning Of 3
ter~st, unless great necessity for Il Appears The
chief reason urged tor an extra session OF
into the Treasury monthly and each month eonsid.
erably In excess OF tie payments authorized w exist.
jastfy an Administration IN csIIing an extra session
Vt Congress at the beginning OF term when pressing
administering affairs must be conslderedI ~
rent fiscal year very large, and the appropriations
fur the fiscal year beginning on the Isl Of July mex.
reasonable suppose that most OF them viii be- with
probable deficiencies IN pensions, az leas-the apprs
Iended surplus, as shown By various Treasury 70
ports, and by public statements made from lime -
time In both houses Of Congress. VIII De very muen
diminished. The appropriations for the current nscai
year are In round numbers say, only 32o000000 less
Than the for tho present fsca year.
coed the estinated revenues The appropriations made
by the session OF Congress just closed are n round
the current year so that 10 may be stated that on tbs
first day OF July 1890 the Of revenues over the
Snbep sss l Goo a. agans for the
cnrlt hscal year. 1t is not probable That sne ne
nues Nr the next fiscal year will DO 10 excess VI '0
Now, "a this s45,oOo,ooo surplus. nearly one-hslf
wa for s seerea ~ q the treasury to solve
case Congress should not be called IN extra session.
cess It can easily be ons either BY he purchase Of
four halls, in anticipation OF their early matur
1907 so that t may be stated that far the cur
rrevenues are concerned fom this time up TO and
dlflcuk thing to purchase bonds covering this entire
surplus. ,..,.,.,,,,
for some years now lying IN the Treasury or IN the
National banks, would not be affected by legslaton'
ment OF taxation must take place with reference TO
current revenues ard current expenditures without
the overlapping surplus Of prior years shond be- and
doubtless Win be- used in the purchase OF bonds as
yided for a0r likely 10 bel that would absorb H.
II an extra session should be called In the near
tariff me assure during such an extra session. and the
only thing possible would be- by Joint resolution, TO
tive The Tleas1rT OF saw $50 900 GOO per snSum
This however. could not be done with the consent Of
dced into the House would be subject under It's rules
to amendment without limitation; and whal such
measure should reach the Senate II would, In that
body also be subject 10 amendment without limitation
Hence small portion In either house In either party
Of the whole question Of the tariff and intern al
nue. and II is not probable that the House. being
only small majority could pass revenue measure az
extra session without prolonged debate upon the
general question ana without the fee exercise OF the
In this view, It would to be wiser and better
until the middle last OF October, when Congress
could convene and remain In continuous session and
take up seriously and earnestly tho whole question OF
the reduction Of taxation BY means Of reduction OF
internal revenue and a revision OF the tariff.
the organization OF the House and the committees OF
tho House. and thus put I'm OF early preparation
these revenue measures, which could be considered
and completed under these conditions. by April of
next year IL seems very doubtful whether any prog
fess could be made by calling an extra session during
the present spring, and taking the risk Of a long
session during the summer, without any practical
result This debate may no fairly anticipated from
the fact that Notwithstanding the general verdict OF
the people at the last election, the Democratic party
that the tariff should be revised upon revenue basis
and not upon the idea that American industries shall
be cared for In the preparation and revision OF the
schedules The business interests need not BIO alarmed
az this postponeient as It may DO taken for granted
that the policy of President Harrison win be, not
hoard money I'm the Treasury, but b utilize the
plus, far be utilized in the purchase OF
the bearing debt OF the United States, hrst
for the bonds presently maturing and secondly, for
the bonds dine in 1907 SO fflat the situation rs re-
under this policy will not be materially changed,
whether Congress IL convened I'm the early spring or
late autumn.
The contest in the two houses on the reduction Of
revenues and the revision OF the tariff in the List
Congress win be, "a II was in the Lth, con test
on the band for the reduction Of revenues. and
with that reduction, scaling down Of the tariff to
revenue basis. and the other reduction BY such
changes and notifications OF the tariff as VIII reduce
the revenues and at the time defend and protect
similar industries In other countries. Under the
Constitution, OF course any tariff bill or revenue bill
must originate In the House OF Representatives., ana
while II may not be possible 10 predict With exact
ness the line that will be pursued by the Republican
majority IN that body 1t may be fairly inferred that
tails, the House OF Representatives will follow the
plan and method Of also the principle involved In
the Senate bill which passed the Senate during the
last session Of the Lth Congress.