February 22, 1873, the committee submitted its report, which recommended that $200,000 be appropriated to aid the Society in its work. The report recited in part—
"The committee have become fully impressed with the belief that the present time is not only opportune for Congressional action in the matter, but that the honor of the Nation demands it. * * * "Some question has been made as to the security of the foundations, and the committee caused an examination to be made upon this point. The Chief of Engineers was called upon to detail an officer to make an examination and report. His report is appended hereto, and shows that no perceptible change has taken place since the Monument was raised to its present height. * * *
* * * "An opinion has also obtained some credence that the funds of the Society, though considerably increased from year to year, are absorbed in the payment of sinecures. The committee have had before them the accounts of the Society from its organization to the present time. * * * It will there be found that the Society has no salaried officers connected with it. Their services have been gratuitous, and they are much to be commended for their faithfulness and their patriotic zeal in this great work. There are less than fourteen thousand dollars, funds of the Society, in the hands of the Treasurer, most of which are invested in interest-bearing securities."
It was estimated that $700,000 would be required to finish the shaft, constructing also a suitable base, and that the work might be completed by the 4th of July, 1876.
The report concluded:
"In considering the question as to what action Congress shall take in this matter, three views are presented: First, Shall the responsibility for the completion of the Monument rest wholly upon the efforts of the Monument Society? Second, Shall Congress assume the entire responsibility, and to that end repeal the charter of the Society? Third, Shall Congress aid the Society by an appropriation, leaving it to continue its efforts to raise funds for the completion of the Monument?
"As to the first, the committee find that the Society has made every reasonable effort to revive public interest and to secure subscriptions, but its efforts have failed and will continue to fail without some expression of confidence on the part of Congress in the form of material aid.
"As to the second view, the committee are unwilling to recommend the disbandment of an association which has already done so much, and is still willing to continue its patriotic efforts to redeem the plighted faith of the Nation.
"The committee have taken the third view—that of recommending an appropriation by Congress and of the continuation of the Society for the purpose of soliciting further subscriptions under the original idea upon which it started." * * *
The present consideration of the report, however, was postponed until the following "Wednesday, at two o'clock," and made a special order. But on the appointed day the committee failed to secure recognition, and not obtaining the floor at any time during the remainder of the session, addressed a letter to the Committee on Appropriations of the Senate asking an amendment to the sundry civil appropriation act of $200,000, to be expended as provided in the bill it had reported to the House. But Congress adjourned without action on the report.