Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1890-05-03
MAsnrSarcN. Anil y. 1891

The ihjuslire and Nbsurdity Of the
Mckinley tariff bill excited such gen
cral dissatisfaction that the Republic
cans are obliged TO abandon il. IL IS
conceded that the bill can never be
cOmc q law. but the Republican maior-
lily in the House has 20 thoroughly
committed itself that the hin is eNpeC-
ted to pass the lluu>cby a strict psriN
vote. In the mean time the republl-
cans OF the Senate Finance committee
are at work on another bill as 4 sub
slHute for the Mckinley bill. They
exdect to report ii TO the Senate very
soon after the Mckiu'ey bill passes
the House
This shows the importance Of Mr..
Mckinley specious oratory. that al-
tiyaies a careless crowd, to Convince
the business interests ofthe country 81
the propriety of a single idea he enter
tains on the subject Of tsriff.
The Republicans Joint caucus com
mittec OF the House and Senate have
agreed upon the basis Tor the rrspsrs-
ton OF $ silver biiL Ii directs The Sec
rotary Of the Treasury 10 purchase t,
10000 ounces OF free silver per month
at the market prize, not TO exceed 81
for S7lr25 grains of pure silver, and is
srn Treasury notes in payment OF the
bullion. These notes shall be psysb!e
on demand In lawful money of The
Uuitcd States, and are receivable for
all pnb!ic dues. No greater or less
amount of such notes shall he out
standing at any time than the cost Of
the silver bullion then held in the
Treasury, purchased by such notes.
Upon demand of the holder OF any
such Treasury notes, he Secretary of
the Treasury may, at his discretion,
pay of such notes with silver bullion
at its market price. The Secretary is
also permitted 10 coin this bullion,
should it be necessary, for the rcdemp-
ton OF these proposed Treasury notes,
$4,000 600 held to redeem the circula.
ton Of banks will be restored to gen
eral circulation.
The investigating committee on in.
t~erstate commerce charged with inqui.
~ into the relations OF railroads of the
United States and Canada has conclu.
ded its labors. Chairman Cullom has
completed report which, with sundry
remedial recommendations, awaits the
approval of the committee. The re-
port states that the good effects of the
interstate commerce law arc partly
mulliied By the competition of the Ca.
madam lines.
Unjuit discrimination is made by Can
ada against L. S. vessels in Mellaud
canal tolls, in violation of the treaty
Of Washington. The Canadian rail
roads control lines operating over a
large part ofNew England and North.
ern States. Canada owns a system Of
canals tina, cost S54,0O0,OO0. The in.
lei .colonial railway has cost $4,000,
900. To the Canadian Pacific railroad.
which was begun as a government
line Canada has S2l5,0O0,000 but the
road cost only S~l61,000,00O. The re.
port states that it las been the incon-
cealcd purpose Of the Canadian COVER
ment 10 secure a railroad across the
continent OF commanding influence
which in connection with subsidized
steamer line, would be able to domi.
nate the transccntincntal commerce of
the United States aud defect from
American railroads, vessels and sea-
por, a large share of our commerce
with countries of Asia, Australia and
New Zelaud, In this cndcavor it has
met with marked success and is pro-
crossing. Canada subsidies two lines
of steamers from Vancouver the ives.
tern terminus of the Canadian r. r.,
with $425,000: and one lihe from St,
Johns, n. b it's eastern terminus re.
ccives a subsidy OF 100000,
The report refers to q conference of
the commercial and industrial bodies
Of the Pacific coast held at San Fran
cisco, July 1889. The report ofthc con.
ference declares that with such special
advantages the Canadian Pacific could
afford to quote rates that must drive
the American steamer lines out of the
China trade, to the almost irrcparable
injury Of San Francisco and predicts
general obstruction for the larger part
of the American steamer traffic on the
Pacific ocean, unless some vigorous
measures be adopted by the L. S. Gov.
,crnment.
A bill 10 make a territory OF Okla
homa has passed the Senate; 50 yeas
nays. Whenever the Indian Interests
in surrounding territory shall be ex.
tinguished it viii! be annexed to Okla.
hmm lilo lawr Of Nnl,rnsEn -. az