Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-02-17
TARIFF. ronAcco. REVENUE.
Present situation or the Various
Bills.
ny telegraph TO tho DIspatcn.l

q
patterned after the Mills bill, retaining the
free list, with few additions made by the
senate. II omi:s, however, chemicals, cot
ton. and the iron schedules, excepting pig
IRON. rails, structural iron, aud tIn-pla'e.
which are treated ~ in The Mills bill. The
other changes made are IN dates and other
important details. When this was disposed
Of the COMMITTEES, with view 10 having At
hand a bill 10 meet immediate emergencies
In the matter Of excessive revenue, aulho-
rized a favorable report upon the original
bill prepared by Reprelentative Breckn.
ridge, OF Kentucky, which proposes TO put
tin.plate and wool on the free list and 10 re-
duce the internal revenue as proposed IN the
Mills bill (Which in It's revenue sections Is
identical Win the COwles bin. The bill
also includes the wOOllen aud wOrsted cloth
sections OF The Mills bill. This measure, it
is estimated, would reduce the revenues
about $40, 900 II is generally believed
That this measure will be the nam recourse
OF the WAYS and Mesus Democrats 10 the APP
proacning conflict with the Appropriations
Committee. The committee wound I'd It's
meeting by directing favorable reports uFon
some private relief bills aud en- Mr.. Rice's
bill amending the statutes 50 a. to include
RAINY lake and Lake OF the Woods forest.
owners OF Minnesota In the privilege now
accorded those OF the It. Croix river. Name,
OF the free importation OF their timber saw-
ed In Canada.
Sir. McMIllin expects 10 report bis bill to-
dav, and after that is done there viii he no
further opposition 20 the presentation OF the
report on the tobacco bill IRON the Appro.
priations Committee.
4 coil for a Democratic caucus 10 be beld
Moudsy night is being circulated IN the
House this morning, and will doubtless res
ceive sufficient number Of signatures. The
object OF the caucus Ia the consideration Of
the course to 0e pursued by the Democrats
In reference 10 the isrid bill and the Internal
revenue bill reported by the COMMITTEE on
Appropriations.
Ia the report accompanying the COwles
bill the majority OF the Committee on Appro-
prIatlOns explain that sections | and repeal
all internal taxes after June 30, lSo9, on
cigars, cheroOts, cigarettes, suud. and manu-
featured tobacco, special taxes on manuiac-
turers OF tobacco, dealers In leaf tobacco, and
on peddlers Of tobacco. The amount Of
revenue received from these sources during
the fiscal year ended June 81, 1888, WAS
$50, 6G2 ,43l. The enactment oitne bli would
reduce the estimated surplus for the fiscal
year 1890 from sos, 1851 TO s22,1ij, 100.
The result, whether viewed from ine stand
point OF an excessive revenue or Us relief
from unnecessary taxation upon the peODle,
is most desirable. The report says: The IN
terna-reyenue taxes levied because OF tbe
necessities OF war have heretofore been al!
removed from capital and from oil manuiac.
tured articles, leaving the products 81 asrl-
culture to bear all the burdens OF the Internal
tax system.
The taxes proposed to be repealed by the
bill reported are particularly oppressive on
the farmer. both IN the amount OF tax
levled against his product ~ well As IN the
vexatlOus manner OF It's collection
There is no longer. in the opinion OF the
committee, any justification for the coniiDu-
ance Of the,e taxes. There are no lbQnlr
which are due aud payable az par ~ Inc OPP
ton ot the Government
Under the Existing conditions bonds will
have TO be purchased at high premium Ia
the mlrket with the surplus revenue, or else
tbe accumulation OF money 10 the Treasury
Will re, Mt detfimcnlally 10 the commercial
interests OF the country.
The committee believes thst the bin fur
nishes a practical and simple means OF re-
ducing the surplus revenue, a. TITS evidently
impossible ai tlis late day OF the present
Congress 10 pass any bin involving a com
plete revision OF our whole revenue syslem.
Tho concluding portion OF the report IS
devoted entirely 10 an analysis OF The BIN.
The minority report, presented by VIZ. For
neY. i confined 10 a simple accommodation
looking 10 the passage OF the substitute iii
made up OF sections Of the original COwlts
bill, repeating the taxes on chewing and
smoking tobacco and suui al snecal taxes
on manufacturers aud dealers, aud lil taxes
q Ha aHHH y
aud 81 the annual tax on ACKNOWLEDGEMENT
aud dealers m tobacco, c.pectyrly.
All Of the sections OF the Cowles bill Re-
latlng 10 the administration OF the Internal
revenue laws are excluded.
The report accompanying the tariff bill
presented 20 the aouse MS morning by Mr.
Brecknridge, OF KentucKy, SAYS that the
committee believes that tie interest ~ the
country demands a reduction o. ,he revenue
proposed by tue original taTia Bill But lIe
committee recognizes tDai 90 this late hour
in the second session 10 may be possible that
only propositions reached 10y compromise
and concession en- be- passed, and therefore
IL reports the accompanying Dill:
The report says: Every provision 10 10
has already received the approval ~ the
House, 10 puts uu-plate and wool on tus
free list and proposes 4 wO0llea sch dlle by
which the rates are reduced corresponding.
", and il remedies the present unequal pro-.
visions a. 20 wOoleu aud w0fsted fabrics. Il
removes the tax on tobacco end includes The
provisions OF tae bill sd pied by the House
1.-THE Mills bib as to tobacco. The aggregate
reduction prouosed is Sil.750 OO0-On TIM
plate, s. 704.433; wool, S6,30o,O53; w0ollen
schl dulles, Sl2. 2j4,5f2; tobacco, Sl7,3Sl, 00Q.
Mr.. McMllin's report ACCOMPANYING the
tariff bill reported 10y him this morning from
the Committee on WAYS and Means, begins
with an attack upon the senate substitute,
some Of the provisions Of which are charac-
terized IS entirely inexcusabe. The report
says that the committee being unahle 10 agree
TO any tariff bill which gives 10 relief 10 the
people. but which increased tnese burdens,
have prepared TIE ACCOMMODATING Dill and
tenders II in the hope that il may be accepted
and adopted. While IL does not make all OF
the reductions that the present condition OF
the Treasury and best Interests Of the people
demand, IL Is rendered IN spirit OF cOmpro-
mise. Practically il Is the blll heretofore
passed by the House with the chemical.
cotton, and most Of the iron schedules
stricken ont. Figures ere given to show
that the bill would reduce the revenues by
S72.I33, 029. The remainder OF the report \
made I'D Of an argument in favor Of tariff
reduction, based upon an array OF figures
showing the value OF the agricultural pro-
duets at different periods. II concludes as
follows:
"The toiling people OF this country have
seen the income tax on wealth aud the tax on
bank checks paia by those who had some
thing in the hanks upon which TO draw, aud
the tax on manufactures paid 5y those whose
industry was protected by high tariff rates
all repealed. and vet demsoded In vain re-
duction OF the tariff taxes impo'ed on them
during the war period under the premise
that the imposition was 10 be only temporary.
Your committee think their Just demands
should no longer he disregardec."
Leaving the IEtbmus.
tBy telegraph TO the Displtchl
4. Z - 10