The Globe-republican., 1893-11-17
WASHINGTON.
Notes from the National
Capital
-ariff Snags Struck by the Ways and
Means COmmittee-The Gold Reserve
-Olney on the Tenure of
Office.
Tariff Snags.

Tariff Snags
WASHINGTON, Nov. BIT appears
the chief embarrassment of the ways
and means committee is to come, not
from the articles upon which the speci-
tic ad valorem duties are to be reduced,
but from the articles that are to be put
on the free list 1t had been generally
accepted up to quite recently that the
democratic party was united on the
proposition of putting coal, wool, iron
ore, salt and lumber on the free list,
but the latest developments have indi-
Gated that this is not the case. Mr..
Culberson and other Texas members
have already sounded their opposition
to free wool, and they are likely to re-
ceive substantial encouragement from
Ohio members and the representatives
of the grazing states of the west.
Several of the Alabama representa-
tives are protesting against the propo-
sition to place iron ore and coal on the
free list. The extensive lumber states,
both of the south and west, are almost
unit in opposing free lumber The
Michigan members will probably OPP
pose free salt to man, as it is stated
that even Mr.. Whiting. of the ways
and means committee, will contend the
effect OF placing salt on the free list
will be only to give the English salt
manufacturers monopoly OF the
American markets and close up the
American works.
The question of an income tax is
rapidly coming to the fro t as live
issue. he proposition which finds
most favor is to levy per centum tax
on all incomes of $500 per annum and
over: but those of the committee who
are now giving the most study to the
matter are inclined to another plan,
which they think more practical bic.
! This is to impose an income or capital
ization tax on corporations: that is, to
collect fixed annual tax, either from
the earnings or the paid-np capital
stock of corporations.
This has led TO still another PROPOSE
ton which contemplatcs the taxing of
all corporations ut the time of their or
ganiZation and incorporation, the tax
to be levied by means of stamp and
the amount OF the tax to be attached
to the license to depend upon the
amount OF capital stock. 1t seems like
ly in the end the committee may adopt
some moderate plan.
The Gold Reserve.
WASHINGTON. Nov. 14-None of the
officials of the treasury are willing to
discuss the reports that the gold re-
serve is to be strengthened by the as
sistance of the New York banks. which.
it is said, will release their gold to
make payments for customs dues.
This reticcnce to talking applied also
to Secretary Carlisle, who. when shown
the public statements on the subject,
said he had nothing to make public,
but intimated if the New York bankers
saw ft TO discuss the matter it was
their privilege to do SO.
Such an arrangement as that contem-
plated, the officials say, could be entered
into by Mr.. Jordan, the assistant treas
urer at New York. who would not
necessarily feel it obligatory to COM
municate the fact to the treasury de-
partment. There are reasons for be-
lieving it is very probable Mr. Jordan
has entered into some arrangement
like the one mentioned to keep the re-
serve up to higher figure than that
at which it has stood for some time
past
There was decrease in the reserve
yesterday of over sl.O00.O0O as COM
pared with Saturday. The currency
balance. however, is almost s1,50O,O
higher, consequently the net available
1>,1 fc 70, hn, Sof,
day and has again overstepped the
500, OOO,O mark. The movement of
standard silver dollars for the week
ended Saturday was s69l ,315, and for
the corresponding period of last year
1896, $50 The shipments of fractional
silver coin from November / to 18th
was 1851. 1913.
Olney on the Tenure Of Office.
WASHINGTON. Nov. 14.-Republican
officials who have SO freely rendered
their designations in response to re-
quests from democratic superiors may
wish they had not when tn ey hear of
the position the attorney general has
taken.
Mr.. Olney was asked as the possibil-
ity of change in the United States
district attorneys Office at St Louis.
He replied that if Mr.. Reynolds would
tender his resignation he would take
pleasure in recommending democratic
successor, but unless Mr.. Reynolds re-
signed he did not see how he could do
anything. He said it was question of
law whether the district attorney
could be obliged to give up his office be-
fore the expira ton Of his commission
except for cause. There was some
doubt, he said, whether politics con-
stituted cause. One district attorney
had resisted removal, and the case was
pending in the courts. So long as
doubt existed in his mind as to the
power to remove before the expiration
Of the commission, Mr.. Olney said he
did not think it best to make anv more
removals This opinion of the attor-
ney-general applies to district attor-
neys and marshals.
The Union Pacific.
OMAHA, Neh.. Nov. 1S.-Gen. John c.
Gown, who is engaged by the depars-