New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-27

sd vo,orem where It was placed in 1890. This Is a
purely duty as we raise very he rev freq is;
bv the act OF 1890 without the slightest justification
is restored to the dutable list but WIN Tn be act OF
1890 giving an equivalent of only about 10 per GEM
Such reduction from the low rates OF 10" IF JUL,
fed on.y on the ground that the ob)cct oil !on'
Committee has been to frame bill mainly on rev
enue grounds In the hope that ii wouu secu.c ~ 10y;
approval Of those I'm official place whose co-optla
10 essential TO legislao and who may be supos u
to feel that in such an exigency as no" eA'''s '''
public necessity must control -, ravenne az Is
Believing that such an increase OF re,thu. " 80
proposed s essential a first step in the re 50
ton Of confidence and the "s
TO be proposed to this end cannot he eHec1ne WV. -,
out adequate revenue to meet sne recndmmends The
passage Of the accompanying bill. ITO temporary
increase revenue to meet the expenses oi "o'''"
ment and provide against a dehciehc!
THE BOND BILL
The Committee on Ways and Means. to whom
was referred so much of the Presidents ahhuai
message and Of the report OF the Secretary OF thc
Treasury as relates TO the maintenance OF 'ne i'
demption fund and the condition OF the lreasuis'
report that the Secretary Of the Treasury nov ms
the authority nnaSr in per cent bonds and thirty
Year per cent bonds to maintain the frnd or 1as
sold s Of the former description Gl oUa Of
SDndS has declined to almost ssoooO the Secretary
crime bond in lieu of the higher-rate and longer
lime bonds, in expectation that at an early date ne
will be required to sell additional bonds TO procure
con be question s Involved is not whether not bon Is
n noance es s hs Intention nt to avail himself Of the
thorty given by the Resumption ACT ana sen ,se
on IS Whether eth II is not clearly for the public in
terests that he should have authority to sell
Your committee think that i is c h y,h fn ne
R1OG this shai he SnC0 ho@v ha
Guided in the bill provision thai me M hill IN
bonds sold under the sa aft he OF ss and for
dempton purposes. object being TO secure suSh
separation of the redemption FUND IRON IN oa ard
nary cash in the Treasury as VIII MAINTAIN az,
project the reserve We also provide that mu, 81
bonds shall be offered for sale In such manner as
10 invite Investment among the masses OF Tie peo-
pie , .o,,o. -, ,,o no, renor,ed authorizes
the issue of certificates Of Indebtedness OF small ue
nominations, payable in three years and bearing
apsgreeate. to meet temporary deficiencies IN he
Treasury, and to be used for no other PURPOSE; o IN
our bsya s ns sTsory 81 ni this to
porary deficiencies that are liable 10 arse NIL
use the proceeds Of bonds sold under the Resinip-
ton act for redemption purposes to ineet me ne
fciency in the revenue as he has been dong III '"e
last two years and half ,, .L,, ,,ss.,,.
Your committee therefore recommend the rass ;1:
sue of certificates of Indebtedness to meet eInpor-
airy deficiencies OF revenue.
EFFECT AT THE CUSTOM HOUSE.
At the Custom House yesterday 1t was declared
that If the measure for the horizontal increase in
the tariff reported by the majority of Ways and
Means Committee CT the House of Representatives
became a law it would make II hard 10 fix duties on
many articles. nasmuch "a ii WIS provided tha the
Increased duties should in instance exceed those
imposed under the Mckinley tariff. As SPECIFIC
duties under the Mckinley tariff were changed TO
ad valorem duties under the Wilson tariff In most
instances great confusion must ensus. anyway, 4
declared an endless amount or ngurlng would
be REQUIRED TO arrive at the proper duties