The Providence news. (Providence [R.I.]) 1891-1906, 1893-12-07
Will Not Be Considered by Congress
at Present.
TIE WILSON TARIFF BILL
Not Likely to ne obstrueted by Repub-
Iicans, who Propose tn Take Time
Only to state Their Objections to the
Changes and Let Bill Take Its Course.

finance committee yesterday talked over
several important financial measures re-
ferred to them during the recess. The bill
which was agreed to. on the recommends
tion OF Secretary Carlisle, authorizing the
national banks to issue circulation up to
the par value of their bonds deposited rs a
guarantee In the treasury, was intended
at the time TO give relief to the then exist
ing stringency In the money market AS
there Is now no immediate necessity for
such legislation, the committee does not
seem to be in any haste to bring forward
this bill.
The chairman, Senator voorhees,, said
that he favored some general banking sys-
TEN which would extend TO the states and
give them additional banking facilities
The present system OF banking, he
thought, was satisfactory on general prin-
ciples, but it Is a close corporation and
very arbitrary in its methods. He favors
the repeal of the 10 per cent tax on bank
circulation, provided there Is incorporated
provision which will compel state banks
to comply with certain restrictions in
order TO protect the holders OF their notes.
The senator expressed hope that the
house would bring forth some measure
the country in localities where the ma
tional system does not prevail. The Dem
ocratic party, he said, In their platform
demanded the repeal of this 10 per cent
tax Several bills to that end have al
ready been proposed, but the senator
doubted very much whether a majority
could be had In either house to repeal that
law without some restrictive provisions.
Considered - Fair Bill.
Chairman Voorhees,, among the matters
talked over, called attention to the house
tariff revision bill, which had been agreed
to by the ways aud means committee. He
had only given the measure casual ex.
animation, but from what he had seen of
IL he regarded il us rather fair bill He
suggested TO the members Of the commit
tee that as soon as their bill Is entirely
completed, with all its provisions, includ-
ing internal revenue, copies should he fur
nished to the finance committee, upon
which the latter should proceed at once
to consider its provisions.
BY this course the chairman thought
that by the time the bill passed the house,
the finance COMMITTEES would be ready to
report it back to the senate, and by this
means secure early consideration aud its
speedy passage In that body. The chair.
man, and also all the members OF the
committee, agreed that this plan should
be csrried out so that the bill, for the
benefit of the interests affected, should be
passed as speedily as possible.
The chairman Informed the committee
that he had found upon exanina'io that
the great Walker tariff bill prepared at
the treasury department. by Robert j.
Walker, during the Polk administration,
was passed through both houses in 20
days. That bill, the senator said, was a
much more important measure at that
time and more far-reaching in its effects,
than the proposed measure. He did not
see, therefore, why there should be any
procrastination or delay.
No Obstruction.
The Republican members of the COM
mittee informed the chairman that there
was no de sire on their part TO obstruct the
consideration or passage OF the measure
either in the committee or the senate All
they would ask would be full oppor-
tunity to present their views in opposi-
tion, and 10 offer amendments i'm the
course OF debate With this understand
ing Senator Voorhees, thinks that the tariff
revision bill oan be carried through the
senate in short time after it reaches that
body.
The fact that the Republican senators
on the finance committee take this view
will largely govern the action of the Re-
publican members OF the committee on
ways and means. Speaker Reed, Messrs
Burrows, Paine, Dalzell and their coll
leagues. in alluding To this matter, indi-
Gated a disposition to pursue the same
course.
1t is expected that the bankruptcy bill
will occupy the time of the house during
this week, aud while the outcome is doubt
full, there are strong indications OK such
opposition as may defeat it, There are
two appropriation bills practically ready
for consideration. but the committee is
afraid to lake them up for consideration
lest they should be held In the house to
block the way of the tariff bill. Therefore.
until the tariff Is brought in. which will
no. be earlier than Wednesday of next
week, the house will drone along for the
II.