The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-02-14


free and unlimited coinage of silver
about ready to report to the House. |
The members of the committee
voting against the bill were Tracey,
of New YORK, Williams. of Massa- |
chusttts; Taylor, of Illinois; Stone. |
OF Pennsylvania, and johnson, of
North Dakota.
1t is said that there has been a
substantial agreement reached by
the wool and woolen special COM
mittee of the Democratic majority
Of the House committee on ways
and means. The argument reached
embodies the provisions OF the free
wool bill, which the ways and means
committee will recommend to the
House for passage. Very substan-
tial reductions have been made in
the duties Oh woolen manufactures.
The average rate of duty proposed
by the new bill on wooden manu-.
features is about five per cent. be-
low the uniform rate of forty per
cent. fixed hy the Mills bill.
! Under the agreement reached,
wool is made free, as proposed by
the Springer bill. All duties ON
woolen manufactures, where 40 per
cent. or less, under the present per
cent. they are reduced to that rate.
so that the wooden duties will be
higher than the Mills rate, and
those on the cheaper grades OF
goods will be less.
! Under the Mckinley law duties
range from 80 to 60 per cent, SC
that there is a reduction Of 80 per
cent. made from the highest ate
now imposed and the average ratt
is brought down to about 80 pei
cent. Or saoddi-s and waste the
ag.ecne!. ,iopts the pringe1
rate Of 30 Ter GEN., against tn
present rate OF 80 cents per pound
! which in some cases amounts t
100 per cent. ad valo,em
+ All compensatory duties, of course
are taken of. as raw wool is mad
fr> 9, so that the preseni per poun
and per yard duties will be aboli>he
if the bill becomes a law and onl
cd ralorem duties retained.
. Members of the committee sa
that the wool bill will be the prime
J pal measure reported from the con
mittee, and that an examira alton {
u it's provisions when formally al
6 nounced will show that not only hs
: 80 backwar step" been taken
g the direction of the tariff reform, n,
. that a step in advance has bee
Z taken of considerable importanc
r and that on the wool schedule. r
y garded by all tar # reformers as Il
J key to the protective system, redu
}. tions are made greater than tho
n proposed by the Democrats tN
ID years ago. A Careful considerati'
uf the bill, they believe, will she
N. that it is proposed to make s''
o. stantial attack on the tariff and
>" the same time one which may ha
ht Il fair show Of passage through /
&C. Senate, and Of becoming law.
= CABINET RUMORs.
nj It is rumortd that Posima
,r General Wauamak-r will short
',v retire from the Cabinet to succe
Il Minister Reid, minister to Fran
=, the services of Mr.. Reid being mo
X needed during the approach
nv campaign on News paper Row
,.h New York, than in diploma
i circles in France. 1t is rumol
;,h that the Secretary Of the Navy a
,o thinks of retiring from the CABIN
nd Ill health, it is said, will cause >
rio Blaine to lay down the portfolio
I'll State, but this the Premier Z
r.v nounces IAN Internal lie"
an ONE WjRD.
fn-f Allow me one word. with re
ON ence to the PEI sonneI of the CABIN
oks with all due respect: There Is
one member of the Cas,inet, II
ON except Mr. Blaine VIII shows
mi bis tace any signs OF grrain
ing Physi'gnomy must be di>cred,ie