Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-04-12
Mashinston.
RIM lARlEt ~ wopl.

under date Of April Sth says the Wool
manufactures have prepared thcjr pro-
test Ia the revised tariff bill, Ii viii bc
presented Is members tomorrow. The
following are some Of the principal oh-
jectiouS Daring the ten wears III the
existing tariff, the united wool industry
of tie country has made progress I'M
equaled il amy former decade, An e.
Sentia feature of this progress has been
the material chcapcnmg OF fabrics, e.
feCtcd by improvements and domestic
competitions Neither the industries af-
iected nor the general public demand
any change, much less the radical
change proposed hy the bill, This bill
completely destroys an important feat
tWc Of the existing tariff, namely the
classification of woods according 10 char
aeter.a classification which iSnow adopt
ed bv the leading commercial couu-
tries 1t makes the rate depend wholly
ON value, causing the rate to be too high
ON some classes and too low ON others.
1t makes, with slight exceptions, the
duties wholly al valrem, thus increasing
the evils OF fraud and undervaluations.
The reduction proposed OH many fab
ries are from 20 "a - percent would
compel an abandonment Of tho manu-
facture 81 many of the important fab
rieS. There would necessarily DC cx-
tended litigation before construction
of the law could hc established hy the
department and the courts. The shrink
age resulting from the proposed bill IL
the WOODEN interest could not I've less
than So 100000 This evil would hc
aggravated Ivy competition from Euro
pcan manufacturers, who are antici-
pating an outlet for their surplus pro-
ducc in consequence Of the greatly re-
duced rates proposed 10y the bill. The
Association recommends the prompt
defeat of the bill, and there cam he
little doubt that after Woods speech
am attempt will be made to strike out
the onacting clause.
THE PAGIFIC RAILWAY mn.
4 Washington dispatch says that
there will be Il vote on the Pacific rail
road sinking fund bill on Monday even
ing the Sth. The general impression
is that il Will he passed by the senate
with some amendments. The first
question will he IN amendment offered
by Senator Blaine 70 tue concluding
section Of the Judiciary Committees
bill, i'll these words
So long as said Central Pacific aud
Union Pacific Railway Companies shall
faithfully comply with the provisions Of
said act of 1862 and 1864, and of this
act relating to payments to the United
States on account of bonds advanced,
and of sinking fund to be established
as aforesaid, such compliance shall he
deemed and taken MS sufficient to meet
the obligations of said companies onac-
count of such bonds prior 10 the matu
rity thereof.
Ii is believed This amendment Will he
adopted In offering it, Blaine ndicat
ed that, in the event If its adoption, he
would support the Judiciary Commit
tees bill. Senator Sarge.t has the floor
at o'clock tomorrow 70 finish his
speech, and it is expected he viii be
followed by Senators Blaine Edmunds,
and Conkling
Associated press adyccs from Wash
ington Of the 9TH states that the house
appropriation committee has agreed to
the postotiice appropriation bill ms re-
ported by the subcommittee. The bill
appropriates $50, 100, 1878, So, 257, 800 be-
low the estimate Of the department,
and about $4,000 less than the an
preparation for the present year The
| bill reduces the compensation Of rail
roads 5 per cent, and changes the
method of paying postmastcrs OF the
fourth class back to the old system;
! that il, to commission Oh stamps can
celed instead Of sold.
WEEKLY TREASURY STATEMENT.
| circulation ....... 4...,........ sl8t col, is5
Bonds to secure public deposit. ~. IS, Ab3, 100
| Bonds deposited for circulation for
week ending to-day s.,... ..,.... 293, 800
/ Bonds held for circulation withdrawn
week ending to-day ...,...........a=s bib, 800
1 National bank circulation outrtand
ing currency notes .,....,.,., $50, 1913, 400
Gold notes acknowledgements. ], 49,, 12O
! Internal revenue receipts. .....,...a., 80, AZ
/ Customs s. .... icy. ......st., al OPS
! Receipts of national bank notee for
week ending to-day, as compared
with corresponding period last year
/ -lST.... .s.5..5t, ,t...., ., t@, Nv
i 1879 a ..a...5.. ...s.t....,....... 2,036, 6O1
/ Receipts to-day .....,s.aa.5..1, +.+.. 3g7, GOO
| Subscription to four per cent bonds
ID day, aggregated . ....... 60, GOO
THE CooLIE TRADE.
| A Washington dispatch OF the 9th
inst says the cabinet session to-day was
Of 10 extraordinary importance. The
secretary Of the navy reported that IN
structions should BE itsucd 70 commando
ers Of United States mcn-of-war IN the
North Pacific Ocean 70 seize all United
States merchantmen engaged ID
the Coolic trade, and such vessels
viii be taken 70 the most convenient
port and delivered 70 the proper United
States officers, 70 re dealt with according
% law. The text Of these instructions
have been prepared, and naval order