The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-09-11
Tho Mckinley Bill Passed by the
Senate and Goes to the Con.
ference Committee.
QUITE A SENSATIONAL REPORT
From New York About an Antici.
patCd Panic II the Bill Goes
Into Effect ut Once.
Bnt tho Wise Financial Policy OF Tie
Administration Will Avert all
TroubIC-Sgcakcr Reed tue
~s"Hf--
Lion OF tho Day ut Wash.
ingtor-0lher Cap.
it'll News.


WAsuISGroN, D. G., Sept. l0.-There
was considerable gossip provoked at the
Capitol to-day by private dispatch from
New York stating the bankers are unit.
ing in protest against the tariff bill 60
ing into effect October !. The dispatch
states there ia great excitement there aud
that a panic Ia imminent. There does
nos appear to bo the least probability,
howsvtr, that the House will extend the
time, as the anxiety Of the Republicans
OF tho Ways and Means Committee is to
makh the new duties applicable to the
goo Ia coming in for the fall and winter
trad,. Gnl 10 prevent importers from an.
ticipstng the increased duties by max.
ing immense importations before the
law goes into effect. The importations
during June and July have exceed.
cd those OF corresponding months in
any past year, importers laying out
immense aums Of money in goods. In
anticipation OF the increase OF duties as
IL result Of 30 much money being sent
abroad in this manner, tho money mur.
ket has been rather tight. A very large
amount Of imports o! all sorts are now
in bond in the Government warehouses.
Such OF these as have been put in bond
since the first of August will have to be
taken ont before the first OF October or
they will be subject to the increased
duties provided IN the Mckinley bill.
There appears to be danger that sud.
den demand for money to get these
goods out OF bonds within the next two
weeks may make q great stringency in
the money market. Private information
from New York indicates that the i'm.
porters are III a great state OF uneasiness
in consequence. The fArsighted policy
OF MIR. Wludom, however, in anticipating
tho great demand for money at this
time will, in all probability, prevent
very heavy strain.
Letters from the highest financial au-
tho,ities commend the Secre,ary's policy
and say that the anticipation OF interest
on the per cent bonds and the pur-
chase OF II per cents with interest to
date OF maturity will meet the demands
OF business and prevent positive strin-
gency in the market. Twenty. four
million dollars, the interest on the /
per cent bonds for the past quarter and
anticipated payment of interest for the
rest OF the year, is released by the de-
purtmcns to-day. Forty million OF A
per cents have already been called, max.
ing in all $G4, COO, 600 that have been re.
leased tince the 2lst OF August. Dy
carrying out this vice policy Secretary
Windom has given all the relief to the
business interests that there is any
probability will be needed.
M'KINLEl INTERVIEWED.
Major Mckinley was asked this even.
ing about the prospects in the House for
the tariff bill as amended by the Senate.
The Major said that OF course the bill
had been changed since it left the House,
but the changes were not as numerous
nor Us radical as might be supposed.
The Senate had changed back good
many OF the things changed by the FL
nance Committee. Major Mckinley said
further that be did not know to what
extent the Democratic members desired
TO debate. 1.-THE matter could come to
II vote without extended debate he did
not see why Congress would not be able
to adjourn in about ten days.
When it was suggested to the Major
that the Committee on Rules could bring
in an order which would eliminate de-
bate and bring the matter to vote di-
rectly, he declared tlla. he would not be
disposed TO take that kind OF action.
When the tariff was involved he was in.
clined. 30 far as he was concerned, not To
cut oilable debate il anybody wanted to
speak.
THE APPoRTIoSMEHT BILL.
Representative Dunnell said tonight
that his apportionment bill had been
based upon the official returns by States
furnished from the census office. It
was not his purpose TO ask for its con.
sideration nt this session Of Congress
He had introduced it at this time SO that
tho committee could 20 10 work upon 1t
and reportit before adjournment for the
summer recess. Congress could then
act upon it immediately after reaseem.
bling and the act would 20 into effect IL
the Legislatures elected this fall
The importance of this poinl
lies in the fact that '' the
bill contains cection taken from
che McComas bill. 1t requires the Leg
latures Of the respective State0 to re
district at the first session held after th'
act goes into effect. There shall not b,
another redist,icting by any of the State
until tho next rea2portionment bill ii
enacted ten years hence. Tho practica
effect OF tho bill will be to give the ~
pub.icans nineteen additional member
IN the House and the Democrats sever
in the Electoral College. It will CIV
tho Republican States o gain OF thirty
three and the Democratic States gail
of five. ''HI =
THE TARIFF BILL PASSED.
At,.x t..S 4.