Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-12-15
SIZING UP PROTESTS.
Tariff TinkererS Have Not
Settled Income Tax.
ANOTHER SILVER BILL.
Presidents Special Message on Hawaii
Will Probably Be Out Monday.

WAsHINGroN Dec. l5.-The tariff had a
comparative rest yesterday. There were
no meetings Of subcommittee or of the
full committee. Chairman Wilson is en-
gagged In preparing the majority report,
which IL to be submitted next Tuesday.
"We are deyoting our time TO reading
the protests against the BILL" said Repre-
sentative Montgomery, as he emerged
with q handful OF letters. "It Is not ex-
pected that any further action will be
taken on the internal revenue features of
the bill until all the members OF the ma
jority may be in the city to consider il.
The individual or corporate income tax
must be settled before the committee can
proceed. A question has arisen as To
whether the income tax can be levied In
time to derive revenue for the next fiscal
year, as IL has been stated that the tax
would have TO be levied on incomes of the
year following the time when the law goes
into effect"
Mr.. Bryan, who is pressing the straight
out income tax plan, says that the tax
would be levied on incomes of the calen-
dar and not the fiscal year. and that if au
income tax is adopted, it will be on in-
comes from Jan. l, 1894, TO Dec. 81 of that
year, and the taxes will fall due in Jan
uary, 1895, and be available for the ex-
penses of the fiscal year ending June 80,
1895.
While there Is a great deal OF talk about
opposition To the bill it is thus far in
dividual, and there il no cohesive or
crystalliZed opposition such as might de-
feat the bill.
The Republicans will probably have
their report ready to submit next Tuesday,
although they may hold it one day in
order to make criticisms upon the report
of the majority.
General Wheeler Of Alabama, who drew
mp the caucus cali, when asked what
schedules would be revised, said: "The
whole bill will be carefully gone over
The members from my section will urge
the manifest unfairness of putting coal
and iron ore on the free list when the
men who own the mines are paying a
duty OF 40 per cent on the machinery with
which they are operated. The sugar men
will ask that the bounty be abolished and
that duty of "a Of a cent be pissed on
raw sugars.
"Then there il the chemical schedule.
A number of changes can be made in
chemicals that will increase the revenues,
benefit the consumers and not injure the
trade. Other members will also suggest
changes in other schedules, but these
speak Of a the ones that occur TO me
now an being desirable to have modified
Many Of the changes will probably be
slight. In other cases, have no doubt,
that radical changes will be made"
Voorhees, New Biu
Senator Voorhees, has introduced his
longpromised financial bill. 1t provides
for the coinage Of the silver seigniorage at
the rate of 81 ,000, 900 month; for the pur-
chase and coinage of g., 100000 worth of
silver month after the coinage of the
seigniorage; for the retirement Of paper
currency of less denominations than $40;
for the retirement Of all gold coins of less
denomination than $40, and for the APP
pointment Of an international commits
sion.
The bill provides in detail that the
seigniorage or profit fund which has re-
suited from the coinage of silver bullion,
under the Bland and Sherman acts, or
which should result from such coinage,
shall be coined into silver dollars of
standard weight and fneness with full
legal tender quality, at the rate OF not
less than s2,O00,0O0 per month, and that
such dollars shall be covered into the
treasury. The silver purchase section il
as follows:
THAT when all the seigniorage bullion
has been coined IL shall be the duty OF
the secretary Of the treasury to purchase
each month silver bullion at the market
value in quantities sufficient to coin not
less than e. ,0O0, 900 each month" The
secretary Is directed to coin the bullion
promptly each month as fast as purchased
into standard silver dollars.
n, Il. oil l.I IL
circulating notes or certificates OF less de-
nominations than sl0, except national
bank notes or certificates redeemable only
In silver dollars, shall be secured at the
treasury, they shall not be reissued, but
shall be replaced by an equal amount of
like notes or certificates of denominations
OF not less than $l0.
Hereafter no national bank notes OF less
denominations than tl0 are to be issued
The bill also prohibits further coinage of
& l2 and s. gold pieces. The bill also
makes provision for the appointment of
five commissioners TO an international
conference To be held at place TO be here
after designated, with a view TO secure in
ternationally a fixity OF relative value be
tween gold and silver az money by means
OF a common ratio between these metals
with free mintage at such ratio. The sum
OF $4,000 Is appropriated to carry this
clause Of the bill into effect.
Goes to Congress Monday.
The presidents special message on the
Hawaiian question will he from 300 to
5000 words in length. Mr.. Cleveland left
his office early yesterday and did not re-
turn. When he has some special work,
out OF the usual routine, IL Is the presi-
dents habit 10 carry IL into the private
part Of the White House and work In per-
feet privacy.
He makes no use OF stenographer or
typewriter, most OF his message being
first written with his own hand through
out. II Is, OF conrse. copied and engrossed
for transmission to the senate. The mes
Hge probably will not go 10 congress now
before Monday.
All that the state and navy departments
have collected on Hawaii IL now.in the
presidents hands, having been taken Ia
him yesterday. Until he gives IL To the