Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-01-17
IlvsIy Debate on The Free Wool
Schedule 10 The House,
c,RLlsLps BOND PROPOSITION.
opr strong Naval Force In Brazilian
WAtsrs.-An Opinion All citing the
Chinese Exclusion Act.

wrapped In paper, was agreed TO.
wilson offered an amendment TO
mahe the free wool schedule 20 into
effect August /, 1894 This was yigor.
ously opposed by JohDson (Dem.), Of
Chio and Warner (Dcm.l,oi New. York,
but on different grounds. The former
claimed that the amendment delayed
tbr benefit 10 come from free wool too
long. and the latter conteniOd that "
wsoien manufacturers do not have
nee wool In time 10 give the people
cheaper wooden goods next winter, he
wsa la favor of allowing the present
duty 10 stand In order 10 give the farm.
err market for their wool during tho
coming season.
Bowsfs tRep.l Of California asked II
be had not claimed that free wool
would increase the price OF wool.
Warner replied lac did, " wool went
on the free list IN February, but ~ u
could not 20 In effect the market should
be- retained this year.
To Run THE GOVERNMENT ON nONDs.
Bland Gays Cafllsle's letter, urging
an immediate Issue OF bon H., Raises the
bond Issue very sharply As against tho
pending Bland bill 10 coin the silver
feignioTage. at isa plain propO'iiiln
to run this government ON bonds, "eald
he, "and In my locality II would
damn any naturalization Tor all time
10 come n executed. don't think
tho secretary has the power TO Issue
bonds under the present law"
M WILL ISSUE BONDS.
II reported on fairly good authority
that Carlisle Intends 10 issue on Febfu-
afy ist enough bonds 10 restore the gold
fsfefve. 10 Ia said that lac viii issuu D
Ief cont bonds, ~ they are shorter
term than the as or 49,. The Issue
viii probably be about $4,000, 900.
Fifteen separate oilers, aggrcgating
siO,Ol0,0 900, 10 take tue BONDS should
the secretary lssuu them, have been re-
crlytd II the treasury department. One
offer 10 take n block Of $4,000, 900 was
received from New York firm this
morning.
DECISION " THE FfNASCE COM.
MiIrEE.
A meeting Of the Senate finance
committee was held this afternoon for
the purpose Of considering Secretary
Jhflisle'n letter aud bond bill. After
tho conclusion Of tue meeting, NOOT-
hecg, ns chairman Of the committee,
banded an Associated Press reporter
the statement submitted TO the full
committee, as follows:
THE embarrassed condition OF tho
treasury anu the necessity for prompt
action for roliei IL fully recognized.
There IA not the slightest ground, how.
over for apprehension that the public
credit will suffer or be endangered, for
the reason that ample authority already
exists by law for the secretary Of the
treasury TO strengthen the coin reserve
10 auy extent required aud 10 meet
every demand that can be legitimate.
The power OF tho secretary ior the
Issue OF bonds needs nothing beyond
what Ia given by tho act OF January II,
1910, The only desirable object To DO
attained by new legislation this time
u 10 make n shorter time bond, with a
lower rate OF interest, yet tho secretary
feels assured that he can negotiate
bonds issued under tho act OF 1875,
running only ten years, on q practically
three per cent bssis.
at seems, therefore, that II will DO
wiser, safer ami better for the financial
and business intofestH OF tho country
TO rely upon tho existing law, with
when 10 meet the present emergency,
rather than encounter the delays and
uncertainties always incident 10 a pro.
ltacied discussion In tho two houses.
THIS, In view OF the condition OF the
treasury, admits little, II any, delay,
and no uncertainty AZ all In the final
action TO be taken.
at would be trining with very
grave affair 10 pretend that new legis-
Iauon concerning AN isaue OF bOnds
can be accomplished at this time and
IN Tue midst OF the present elements
ana parties In public life, with an
elaborate, extensive and practically
Indefinite debate. IL IN also obvious 10
every ono that the consideration VI tho
lart now going Oh Will render any
financial legislation at this time far
moro uilhcult and complicated than
might DO under other and different
circumstances
"it IL proper TO say that the Senate
huhnce committee for several weeks
past has had the subject under almost
constant consideration, aud the Dill
submitted by Carlisle has been ex.
amined and discussed with the greatest
care.
"rhe Interest OF the committee will
~ no means be abAted from this time
forward. The fact that much remains
10 DO done Is fully recognized. What
ever deficiency IN tho revenues may
exist during the current fiscal year
VIII be promptly provided for by AZ.
ptopfiate anu efficient legislation al the
earliest moment.D
The Senate finance committee au-
lhorlzed Voorhees, to introduce the
Carlisle bill In tho Senate, and also to
present the letter from tho secretary
Tor the consideration Of that body.
OUR NAVAL FORCE An mo.
The naval department ia informed
OF the arrival OF the cruiser New York
~ RIO. The government now has at
40 the New YORK, San Francisco,
Charleston, Newark anu Detroit. This
I- stronger force than any other two
lOwtrt.
THE FEDERAL ELECTION LAWS RE.
PEAL BILL.
The bill 10 repeal the federal election
Avs coming up IN regular order,
ialmer opened the discussion In no
argument In favor Of tho bill. 81 have
read the minority TepOH,D sail he,
and have given attention to the his.
lofloal statements made by II. | have
no sympathy with the state legislation
10 which the TepOFL nlludps fnr la.