The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-24

| WASHINGTON, Dec. 23.-Tho House
Republicans will introduce on the day
after Christmas and pass within the
week two bills in response to President
Clevdland's message of appeal for help
for the treasury. One of these bills
will be a tariff bill to increase the rev.
enue, the other a financial plan to
maintain the gold reserve and prevent
alleged existing trouble with the green
backs
This party plan has been perfected
by two meetings of the Republican
members of the Ways and Means COM
mittee; the first held Saturday night
and other leaders; the second this after
noon. Although strong efforts were
made to preserve secrecy concerning
the details of the plan, it's features
have bean obtained by the Associated
Press from unquestionable authority
The Tariff Bill.
The tariff bill will be a. bill entitled
"a bill to increase the revenues and to
prevent deficits in the treasury and
will go into effect when signed by the
president, if he signs it, and will re-
main in effect until August l, 1885,
when by its provisions, it's operation
will cease. Its items follow:
A duty ON wool of 60 per cent of the
Mckinley law rate.
A compensatory duty on wooden
goods of 60 per cent of the Mckinley
act rates.
A duty of so per cent of the rate of
1890 on leather, which will be from 10
to Is per cent ad valorem.
An increase of % per cent from the
Wilson-Gorman act rates ON cereal
breadstuffs. dairy products. all live
stock, including poultry.
A horizontal increase of 10 per cent
of the Wilson-Gorman bill on all other
schedules, with the provision that in
no case shall the duty exceed the Nc
kinley rates except where the Wilson
German rates exceed those of the Nc
Kinley law.
Issues of Bonds.
The second bill will provide for two
issues of bonds.
The first will be an unlimited amount
of 3 per cent five year coin bonds to
protect the gold reserve, with the pro-
vision that the currency redeemed
by the proceeds shall not be paid out
for current deficits in the revenue I'M
less the expenses of the government
are in excess of the revenues, (Which,
it is expected they will not be if the
first bill is in operation). In addition
the second bill will provide for one year
2 per cent treasury certificates of in
debtedneSS not to exceed $50, 600 In
amount and to be disposed of at the
discretion of the secretary of the treas
ury to meet current deficits in the rev.
enue.
There are to be offered for sale in
the sub-treasuries and repositories of
the government. 1t is expected there
may also be added to this bill plan
to increase the currency by authoriz-
ing national banks to issue circulation
to the par value of all the government
bonds deposited by them with the gov
eminent as security for their notes.
Many Differences.
The plan outlined above was not
agreed to without much reconciliation
of differences and compromises, but
the leaders are assured that both bills
will pass the House without material
opposition, having made thorough
canvass by state delegations and there
are strong hopes that the Senate will
act upon them favorably. Saturday
nights meeting showed a general
sentiment in favor of Incorporating the
whole plan into one bill, but reasons
were advanced today which led to the
division of the tariff and bond issues.
Several western free silver Republicans
decided to oppose any bill containing
bond features. Their votes will be cast
against the bond bill, but it is ex-
pected it will receive enough votes
from the Democratic side to offset the
Republican detection. On the other
hand the tariff bill probably will be
passed by a strict party vote.
Bv the same division the House Re-
publicans hold some hopes that their
plan can carry in the Senate, muster
ing all of the Republican and two
Populist votes for the tariff bill and a
combinat ton of Republicans and Demo-
Gratis for the bond bill, although the
supposed free silver majority of the
Senate makes the success OF the sec
ond bill much more doubtful.
There have been conferences of Re
publicans from both houses prelimi-
nary to the present plan, so 1t is not
altogether the product of Speaker
Reed.
The Rank and File.
Among the rank and file of the House
Republicans there is a movement to
hold a. caucus Thursday morning to
pass upon the bills, but the leaders look
l1pon the caucus with diStrust, for
other combinations may be formed to
change the tariff features and once the
sDeciaI interests find the doors to tariff
changes open much time is likely to be
consumed. To all of the members who
have come to him today to secure con-
sideration for the particular interestsAof
their constituents Chairman Dingley
has replied that the bill under consid-
GRAFTON was not tariff bill but tenn
porary revenue bill. The same argu-
ment has BEEN used In committee with
those members who opposed the hor1-
zontal raise of Is per cent ON the
ground it was opposed to the protec
ton theory The advance on livestock
and cereal breadstuffs was secured by
the efforts of members from the north
west and is intended in part as a re-
ply, said one committeeman, to the
charge that Republican tariff measures
favored the manufacturer rather than
the farmer
How much debate will be allowed has