The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-08
The Bewhiskered Gentleman from Kansas In.
PRODUCES q Bill for Relief Of Interest
Burdened" Farmers of Indiana.
Springer's First Attackon the Tariff Act
to Be Made Against the Wool Section.
Senator Hill Takes His Seat and All Good
Democrats Rush to Do Him Homage-Warn-
ing to Uncle Sans Comm erciaI Enemies.
1T CAUSED A BROAD SMILE.


Bill to Loan Money to Indiana Farmers In
troduced by Senator PETER.
Special to the Indianapolis Journal
WASHINGTON, Dec 7.-Senator PETER of
Kansas introduced bill In the Senate to-
day. at tie request of the Farmers Alli-
ance of Madison county. which created .
broad smile, but Jld not tend to elevate
here the organization it represented in In
diana. 1t was entitled. "A bill providing
for the loan of money to farmers of Indl-
ana" and was preceded by preamble set
ting forth that 1.-The people of Indiana are
now laboring under the grievous burden OF
enormous interest charges. made possible
by great scarcity of money, the
direct consequence of legislation
favoring the credit-owning capital
ist and hostile to the wage-earner
and producer. resulting in the enforced
mortgaging of the lands of the people of
Indiana to such an extent as threatens the
loss of such lands to their present owners
and occupants" Therefore the Secretary
of the Treasury is asked, through Con-
gress, to issue s1OO 900 in treasury notes
in denomInatlons of 81 to $50, full legal
tender. directly to the people of Indiana,
upon first mortgage security upon any and
all real estate lying within the State, to
the amount of one-half the cash value
of such lands as fixed by the Board
of Tax Commissioners of the State and set
forth in the report of the board in 1891. and
as ssoertained by the county auditor in
each of the several counties in which lands
are situated. The interest to be paid by
the landowners is per cent in January
and June of each year. in all 2 per cent. per
annum. The mortgages are TO be executed
to the Treasurer of the United States. pay
able within twenty years at the option of
the borrower.
The details OF the scheme are set forth
at length In the bill, providing
for ascertaining the value of toe land from
time 90 time through the provisions of the
Indiana statutes prescribing the loaning
| of school funds of the State and counties.
The records Of the mortgages are to be
failure to pay principal or interest the laws
of the State relating to the collection OF
school funds OF the State shall apply in
foreclosures. In the event of sale Of lands
under foreclosure they shall be bid
in by the county auditors "for
the people of the United States
| in common and rented to the
occupant at rental of 2 per cent. of the
| cash value of such lands" and the occu-
pant shall have preference over any other
| renter. In the event OF abandonment of
| the land by the original renter, it shall be
| controlled and rented through the county
| in which it is located. There is also provis-
| ion for covering the money into the United
| States Treasury and the redemption of the
| legal-tender notes issued. The bill was re-
| ferred TO the committee on agriculture and
| forestry, Senator Paddock of Nebraska,
| the sub-treasury and warehouse schemes.
sPRINGFR's FRFF-wOOI BILL
Following Is the text of the free-wool
bill drafted by Chairman Springer, of the
| ways and means committee. but not yet in
| troduced In the House by him nor ap-
| proved by the majority of the ways and
means committee. Mr.. Springer was at
first reluctant to give 1t out for publics-
tion in advance of its introduction. but
finally said that in view of the many con-
flIcting statements which had gone out in
| regard to the bill, he thought it might be
best. in order to avoid criticism. to make
Its provisions as at present drafted public.
| 1t is entitled "A bill to admit all woods free
| of duty and to repeal the duties per pound
and per square yard upon wooden goods"
| and Is as follows:
| BE il tEnacfed-seotion l. That on and after the
first day of January, 1893, the following arti-
| cles when imported, shall be exempt from duty,
| namely, all woods, hair of the camel, goat, ala
4
the skin; all noils. top waste. slubbing waste
/ rowing waste, ring waste, yarn waste, and
woolen rags, mungo and focks.
1 Section y. That and after the first day OF
January 1898. the duties per pound imposed in
| Paragraphs 381. 392, 1913. 1884, 595, 396, 397
and 39S of IAN act to reduce the revenue
and equalize duties on imports, and Tor
other purposes" approved Oct /, 1890, and the
duties per square yard imposed in Paragraphs
| 399, 400, 401 402, 4O3, 404, 4O5, 406 and 407
| of said act be, and the same are hereby. re-
| pealed, and only the ad valorem duties imposed
| mentioned in this section shall thereafter be
levied, collected and paid upon the articles men,
toned in said paragraphs. The articles men
| Ject TO the rate of duty imposed by this act on
carpets or carpeting OF like character or descrp-
ton. The articles mentioned In Paragraph 800
of said act shall thereafter be subjected to duty
| OF 80 per cent. ad valorem.
The effect of Section Q is to wipe out all
| except the ad valorem duties on wo0len
| and worsted yarns, cloths, shawls, knit
fabrics, blankets. hats and tiannels of wool,
| women's and cbildren's dress goods. coat
Innings, Italian cloths and other goods of
similar character, ready made clothing and
wearing apparel, felts, plushes and pile
| fabrics made partly of wool, cloaks, dol
mans. jackets. talmas, ulsters. ETC., web
| blngs, gorings, suspenders, braces, beltIngs,
bindings. braids, gallo0ns, fringes, gimps,
cords, cords and tassels, dress trimmings,
| laces and embr0iderles, head nets and but
tons for ornaments. made principally of
| wooden or worsted: carpets OF all kinds,
| druggets and bookings, mats. rugs, has
| cocks art squares and other portions of
carpets or carpeting. These are what are
known as the compensatory duties to man.
ufacturers. made because of their being re-
| quired to pay duties on raw wool. The duty
under Paragraph 800 of the Mckinley act
is fixed in Mr. Springer's bill at 80 per cent.
ad valorem. Paragraph 800 of the Mckin.
ley act provided that woods and hair. in the
form of ropInR, rowing or tops, and all wool
and hair advanced in any manner beyo yond
the washed or secured condition not spe-
cialIy provided for in addition TO compen.
satory duties. shall be subject to the same
duties, ranging from 40 to so per cent. as
are imposed on manufactures of wool no,
specially provided for. This is equivalent
to reduction lbesides compensatory du.
ties) of from 10 to 20 per cent. on rop
ing and top wool. and woods partly ad-
vanced In manufacture and not specially
provided for.
BILLS INTRODUCED IN THE HOUSE.
Representative Stumpf OF Maryland in.
troduced a resolution requesting the Presi
dent to lay before the House any definite
and positive information in the possession
of the State Department relative TO th'
| famine in Russia, with such recommends
tions for action as would be within tht
power of the governments; to give express
sion and force to the kindly feelings an(
desire to render aid on the part of cltizenl