Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-01-03
|IlXES, SILVER, DEBT.
nj Per Cent Against Incomes Oyer
-Four Thousand Dollars
ArEss SILVER COINAGE BILL.
4, Publio Debt statement for the Past
Monih.-Cablos from U. 5.
Cruisers.

=. cling Of the Democratic membtra
Al the ways and means committee
al afternoon. Eleven members were
,snt when the Bnal meeting wss
I'm nj the treasury department at Z
y flock. The issue was Joined on two
4, ,posltlona, one 10 levy tax oi 2
cent against individual incomes
M,fs1IOO aud against the net Incomes
. nm cofpofatiOns, and the second prop
a Uon. offered ~ u substitute ny Cook
IN. oh New York, 10 tax tne incomes
I'M corporations per cent and in'
Aulauccp per cent, 70 place tax Of
II cents on whisky aud 70 restore sugar
"A thU dullable list at half cent per
und. ...
al 5positlon resulted In defeat. Tue
Haipal proposition was then carried
IN a vote OF q 10 o, Rs followt! Ayes
AcMlllln, Turner, Whiting, Bryan,
fynum and Taunoy. Nays-WilsOn,
Coesnn, Stevens, Montgomery aud
breckenridge.
~ltwas decided 10 increase the whisky
IA ten cents gallon, from ninety
Nnla n gallon, 10 be- levied against
vhliky IN as we'll m cut Of bond. Upon
M representation that this would
sofk undue hardship 10 the owners VI
xh.ky In bond, IL was decided 10 tx.
und the bonded period from three 10
Il gut yeafs.
HThe tax on playing cards, ut one
tIine Fixed at cents a pack, was To-
ftetd 70 cents, aud the contemplated
IA on perfumes anu cosmetics dis
- No a
a. on cigars, but the increase on cigar
DO u 81 per thousand was allowed to
NJ 8d.
Tho committee estimate that the tax
OF Incomes from corporations anu indi.
vlIuss the corporations being treated
u Individually Will raise 100000 In
nyonuc, sl2,OOO,OO0 from the corpora
uns and SIS, 100000 from individuals.
r Increase In the whisky tax tits
uimated will give an additional rove.
nc u sl0,00O,0OO. The proposed tax
Oh inhutlanUes failed because II was
nj deemed necessary.
FOR THE COINAGE OF SILVER.
Representative Oates OF Alabama
NIL tomorrow Introduce the following
Important bill 70 provide for the uOin-
nre Of silver bullion now owned by the
United Siatesi
Section /. All silver bullion now
owned by the United States shall be
coined ss speedily as practicable into
fiandard n. ser dollars, OF weight aud
nenesH a. now prescribed by law,
which shall be- legal tender In pay.
Iunt VI all debts, public aud private;
fruvidod oue-seventh part Of said
bullion may be coined Into hall dollars,
tuatter dollars anu dimes, In proper.
on directed by the secretary Of the
lfvasuTy, Aad TO contain the amounts
~ pure silver ana alloy M now pre-.
icrDed by law for such coinage.
i SEC. =. The secretary OF the treas.
by shall set apart $4,000, 900 coined Ne
iiOTesaid, Tor redemption OF notes Ia
tued by the treasure aud paid out for
Ihe purchase Of the silver bullion, In
ihe manner provided In tue act Of July
D., 1880, nud whenever said sum Il re-
uced below $40, 900, 900 by the rodemp.
Ion VI said nOles the secretary shall
Pom my other silver dollars In the
ieasufy not Otherwise appropriated,
ID 10 said sum, 20 az TO keep Il up 10
iD,OOl,O1O, until the aggregate amount
said notes outstanding Is reduced
below that sum, aud then the HuCre.
ary may reissue any OF said notes
Nheh redeemed, rs provided In the
,ci OF July ~, 1880.
Sec. 3. Any contract herthfer
fnAde by the government OF the United
7ilAles, or between corporations aud
tls1n Or pefeOns, or between private
oIaous, which Is by It's terms or by
Nv payable In dollnrH, or dollars and
enu, may be paid Mt its maturity or
9tfyailtt In any lawful coin OF the
iUullei States.
THE PUBLIC DEBT.
i The public debt statement Issued to.
pay shows the net increase IN the
lsbi, less cash In the treasury, during
December 70 DO 81, SCI ,05!. The inter.
~ bearing debt increased 800; the debt
fu which Interest has ceased since
fnaIugily decreased s25,s5O, anu tho
Debt bearing no interest Increased ST.
o5,Sjl' The reduction In the cash
siihcu during the month was s4,S2l,-
Interest bearing debt, shs5, O38, $40;
loOt on which Interest has ceased
flteu maturity sl,0l8,6 $3.50, debt bearing
Rs.9. Dg5,0l7
lhe certificates and treasury notes,
u'ot ~ Au equal amount Of cash In
ne treasury, amount TO S6l4,Sl7, 42i,
Increase during the month VI S5,-
20 ~ The gold reserve today was
FL. LulO, ard the net cash balance,
is1taoio WOO. rhe total available balance
va eJD 40 900, a decrease OF si,S2i,O6
700 luinl cnsh IN tho treasury today
wHH 1881 6li,7Ol. Total amount OF
N''i9nnl bank notes outstanding De.
.mber j, 1893, S9Os, 49,, O27; increase
CIRCULATION since December "a, 1892,
s'hlil, 2l0i decrease In circulation
,tor November SOlh, shB, 7Gl; ciTcn.
aNoh oulelnutiug against bonds De-
V'mbef dlsl, Slsb, 67,7O6. Total gold
treasury, CON uuu bullion, Decem-
.ef o0.h, Sl5s 8J3,770; gold certificates
"a we treasury, S75, 800; gold ceTtiii-
,lts lu circu alton, S77,4i2,l70, and
wv go'l reserve, ss0,50l coo.
THE CRUISERS.
The navy department received wori
v. we arrival OF The cruiser New York
ss o'' Luc'r, In the British Indies, on
',N years. day. The cable ulso an
uuulets the departure Of the cruiser
hAlIlmoIc from Hong Kong for Yoke
,-uA' where AumiTal skerTett will
vy"ua,eF his hng TO her The New
.th'a stop NJ 81. Lucip la for oOaling
,uilosrs' Sho will proceed to Rio im.
a+-olll'ely. Her time 10 81. Lucie l.
oN'lutIed very good for cruising
l'NIi uelng at the rate Uf illeen knots