Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1892-02-19

urges that not even the advocates of free
coinage deny that this law is anexperi-
ment, new in the history of mankind and
based upon conditions which have never
existed. For such an experiment nothing
can be justification which has not in it
the certainty of a great reward to the
people undertaking the task. That
reward Is not in sight of
anyone save the owners of mines.
VINO desire to receive at the hands of the
law 81 .2914 an ounce for a commo6ity
which is sold in eager competition for
two-thirds that sum, though produced at
an average cost of 81 cents an ounce
!, When we attempt to raise the price of
the annual product of our mines more than
40 per cent. we undertake also to lift also
the value OF 50, 4OO, 900 900 worth of foreion
| silver In the value of which we have not
the slightest interest; the cooperation of
foreign owners Is not asked, and the risk
or this experiment, six-Sevenths of which
is for the benefit of foreign countries il
to be throw upon The shoulders of this
republic. The volume of currency will
not be increased but diminished. The bill
Itself will drive our gold into the Golfers
OF spectators; invite foreign holders of
our securities to sell at any price TO escape
loss by reputation, and our whole none
tary system will be thus disrupted
Accompanying the report is bill au-
thorlzing the president to invite an
international monetary conference.
SpinGer's Tariff Bill
WASHINGTON, Feb. 15.--The ways and
means committee will report three tariff
bills to the house during the present week
This much was determined upon at a
meeting of the democratic majority today
and the measures to be reported are the
Springer free wool bill, the Bryan free
binding Irvine bill and the Turnbull bill
which places cotton ties, cotton bagging
and machinery for making the same, on
the free list
The provisions of the Springer bill as
hnaliy approved by the democratic COM
mite men have been published. Spring
er, IN explaining his bill, said all woods
ana halr, and all waste matter are put on
| the free list; all waste advanced beyond
the condition of Soured wool, shoddy and
mungo, are taxed twenty-five per cent.
| Rates on wooden and worsted yarns arr
liked for all values at thirty
five per cent. ad valorem, Under
the Mckinley act the rates per pound
ad valorum equivalent to from Is to 122
per centum rates on wooden and worsted
cloths, shawis, knit fabrics, etc. are fixed
at 40 per cent. The equivalent under the
Mckinley act Is not stated for all items.
but on worsted the rate is from 80 to l46
per cent Other rates not stated would
vary from 80 to 300 per cent Blankets,
| hats Of wool and flannel for underwear
are reduce d from 80 TO 25; from IS to 30:
and tN Tnln
Mckinley act rates are from 70 to- 10 per
| cent. On women's dress goods having a
cotton warp, rates are fixed at - per
| cent. Under the Mckinley act they are
over IS per cent On the same with wool
| en- warp rates are fixed at 40 per cent,
equivalent in the Mckinley bill to 80 to
ITO Ready made clothing for men and
cloaks and jackets for women are
| fixed at 45 per cent. The
rates under the Mckinley act are
81 and 81. Rates on carpets of all kinds
| are fixed at 80 per cent Equivalent rates
under the McKinly bill are from SO to 81
The rates are the lowest, said Springer
upon goods to be used by the masses of
tie people and highest on high priced
goods to be worn more by the wealthy
classes, the reverse of which was true
under the McKinly act Average rate in
the pending bill will be between 30 and
30 per cent as against 40 per cent. in the
Mills bill
Binding Irvine bills
WASHINGTON, Feb. 15.-rhe various
binding Irvine bills were reported to the
special subcommittee, of which Bryan
Feb is chairman, and Il bill was report
ed by the sub committee and accepted by
the democratic members as a substitute
for all bill on the subject. Bryan, speak
ing of the BILL said: Five thousand
tons of Irvine were manufactured and
consumed in the United States
tn 1890. None has been i'm
ported in several years. If rs
is probable, seven-tenths Of cent
duty is added to the price because of this
protection, then the item cost the farmers
of the United States 800, 600 and brought
no revenue tG the government.
Bryan thinks the bill will pass the house
by a large majority and does not believe
the senators wins favored it before will dare
oppose it this time. The president, he
says, will hardly veto the bill il it reaches
| him, however much he may be opposed
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