The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-12-28
CONGRESS TO ACT.
House Ways and Means COMMITTEES Ready
10 Report nnl Authorizing Bond
Issue, and One Amending tho
Tariff Law.

assertion thai such legislation was I'M
necessary. the tariff and bond bills.
prepared by the republican members OF
the ways and means committee, were
ordered 70 be fayorably reported at the
full meeting OF the committee Wednes-
day morning by strict party vote.
Chairman Dingley has been authorized
bShis republican associates 10 prepare
the report OF the majority. which he
viii present to the hose to-day. There
is no Indication that report will be
presented by the minority The SEES
sion lasted 2H hours. The democrats
made general protest against both
measures. The tariff bin was first con-
Sidered. As each section was read Mr..
Turner (Ga.) moved to strike IL out, the
democrats voting in the Affirmative
and the republicans IN opposition. Mr..
McMillin (Tenn.) then entered an ear
nest plea for more time In which TO con-
slider both bills He closed with a mo-
tion that further consideration of the
measure ia committee be postponed
two days. This motion was defeated,
az was also his motion for "a hours
delay.
After this the discussion for awhile
became general. The democrats con-
tended that the treasury now con-
tanned cash balance of $I70.0oc,0 900:
that this was ample 20 meet any deli
ciencies which might arise for several
years: that the receipts before the close
OF the fiscal year would equal expendi-
lures and that no tnriff legislation was
necessary.
To this Chairman Dingley responded
with general disclaimer. He ex-
planned the measure from republican
standpoint. II synopsis of his remarks
being as follows;
He stated that 10000 600 OF that amount
s9as IN greenbacks which had not been re-
ceived' AS revenues. but which were re
deemed with gold. and that they belonged
practically TO the redemption fund. They
were part. really. OF the cash balance
and ought not 20 be used for current ex-
pcnses. lie showed that the groenbacks
were used. as an endless chain" 20 draw
gold from the treasury and approved the
policy OF the secretary In locking them up
The purpose OF the tariff bill. MIR. Dingloy
continued. was TO furnish the money
needed FOR the expenses OF the government
without trenchlng on the gold reserve or
the grcenbaclss which had been redeemed
III h'tA<f Nv aAnAitAtQ tfiht ~ oitEiiE Ailtst
revenue measures tho republicans had
waived, for the moment, their protection
principles. and they made this concession
hoping that the president would be equally
unselnsh In putting his own objections be
hind HIM MIR, Dlngley insisted that the
bill was not intended as a party measure
IL was, he explained. nonpartisan In char
acter. and he hoped that IL would poll the
fun vote OF congress In order TO save the
credit or the government. which. accord
ts4aa -.
ures made In private by Secretary Carlisle
VS. In great danger. Tho condition OF the
treasury, he Insisted. demanded prompt ac-
ton. lnasmuch as no revision OF the tariff
was)httemptcd In the measure I'm question
no discussion In committee at this time was
necessary. The republicans. he said, IN
conclusion. had taken the tariff law OF
1884 as basis. and. according 90 the i'm
portntions for that year. the new bill would
add sao.0o0.ODO annually TO the revenues
or this sum Sl2.o0O.000 would be derived
from duties on raw wool; $4,000. 00o on man
ufnctures OF wool, and fl4O00.000 addition
al from the horizontal increase on the re.
naming schedules. except sugar, which
Was not changed, and lumber. the duty on
which would be 60 per cent. OF the Nc
kinley tariff rate
The first and only break la the demo
cratic column was ON the motion Of
Mr.. Turner tdcm., Gal TO strike out
the second section of the bond bill at-
thurizing the issuance OF S50.000,OO0
certificates of Indebtedness. On this
motion Mr.. Tarsney (dem.. MOI voted
with the republicans and the amend
ment was lost.
Thereupon Mr.. McMillin (dem.,
Tenn offered an amendment that the
certificates issued should be subject 10
taxation, as lare the greenbacks and
other moneys. but this amendment was
also rejected, the republicans voting
against II.
rhc operation of the tariff bill to be
reported to the house Is limited To two
and half years. the law expiring Au-
gust /. isyS. Woods are taken from the
FREQ list. and clothing woods given
duty of o 4-l0 cents Goo per cent. of the
duty provided by the act OF ls90), aud
-wboen goods are given a specific com
pcnsatory duty of 60 per ceut. of what
they had under the act of 1880, In adj
dition TO the ad valorem duty OF me
present law. Carpet woods are placed
where they were under the act OF 1870.
In addition 10 the nd yalorem duties
OF the present law. The articles OF lum-
Der placed on the Tree list OF the tariff
OF 1870 are transferred TO the dutiahlc
list with 80 per cent. OF the duty they
had under the act OF $500. Then all the
Other dutiable schedules Except sugar.
which is not touchcd) have oil the
duties raised IS per cent.
Tho full text OF the financial bill.
which is also 10 be reported to-day. Is
as follows:
"A bin 20 maintain and protect the coin
redemption fund and 70 authorize the issue
~ certificates 0f indebtedness 20 meet TEN.
porary deficiencies OF revenue.
ne n enacted. that IN addition 10 the
authority given 20 the secretary OF the
tronsury by the act approved January IA.
lxs5. entitled an act 10 provide for the
resumption OF specie payments,' he ~
authorized. from time TO time at hts dis.
trciion, 20 issue. sell and dispose OF. NJ not
less Than par, coin, coupon or registered
honds OF the United States 10 an amount
.ulfIrINrI for the ohlanf afnfnH In fhla m...-