The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-12-23

Ways and Means Committee of the
House at Work,
SPEAKER REEDS BOND soHEmE


Committee To Increase the Tnrin on
Wooi. Lumber mud other Articles.
WARRINGTON, Dee 25 -I'is promises
TO be an eventiW week. in the house. Zee
Tore ndJuurnmrni i- reached next ~u'ur
day the Republican leadrra of tH' hou'
intend that a bi.l shall have been sent to
the senate iu Response To the C.mnud of
the presidents message of Friday foe SOME
means of relieving the Treasury situltion
and protecting the gold reserve. Thn Re
publican lcaucrs determined 60 agt prompt.
ly rs soon as the message wns 5nt ana
ali luea OF tak'ng recess for the holidays
was abandoned in the face %. OBJ. situation
presented. The ways AND w'Hl- commit.
tee was organization Saturday. with Ding.
ley OF Maine as chniumH1 mul ON ~JIur-
day night the Republican members held
secret meeting at ta' Capitol att which
speaker Reed was present, to discuss the
details of bill which I'm their opinion
would furnish the desired relief
As a preliminary il WAS dccidcd chat,
while the situation i'm the senate as to the
late there of any measure passed. by the
house should bee kept in mind, the house
must act Independently of the result i'm
the upper branch of congress. The general
outline OF a measure was practically
agreed upon, but the details have not
Deen completed. The sentiment was unanl-
nous that no gold bonds should be- auth
orlzed, but that bill on the lines of Mr..
heed amendment of last year should he
drawn up, and with that should he coupled
some tariff changes for the purpose of
raising additional revenue. Last winter
the Republicans took the stand that the
menace to the gold reserve was caused
primarily by the lack o. revenue to meet
tne expenses of the government, and that
Is still their position.
Mr. Reeds bond proposition which the
committee will adopt, provides for the re-
uu9ton of the rate of interest on bonds to
bG issued under the acts of l6iO and 1879,
nor the purpose of rcsumiug specie pay
ment and protecting the specie reserve,
from TO per cent" ana for a low rate,
low denominational coin bond, which will
practically be debt certificate, to be- used
to supply deficiencies i'm the revenues. BY
the terms of the bill it is probable that
provisions will be inserted TO provide that
the proceeds of any bonds is,ucdunder the
acts OF $50 and 1879 as amended, shall go
TO the reserve, and of the latter bonds TO
pay current expenses. I'm this way % sep
arate account can be kept. and the pro-
ceeds OF bonus sold to maintain the reserve
cannot be used ty pay cHr.nt expenses.
The details of the tariff changes will
furnish the most difficult task i'm framing
the Dill There Is practical unHnlmity of
sentiment SO iar as can be learned, among
the republican members of the committee
Ior duty on wool and compromising
duties on WoOlens The western members
want the duty ON wool to ba at least eight
cents perpound, but the indications are that
twill not exceed five cents There is some
discussion oil % proposition To make huri-
zontal Increase on all the schedules except
sugar Of from 10 to 20 per cont, but that
Is opposed In certain quarters as not bning
on protection lines. IL seems probable,
however, that wool and woolpns, lumber
and various other articles will be selected.
While there IS, it is said, some difference
Of opinion ON this point, it seems certain
that there Will be time limitation of two
years or thirty months on tho life of the
tarl1 provisions OF the bill The point
Will be maze That 1t Is an emergency meas
ure Tor raising revenue, and. therefore
could meet with the approval of all who
believe that the treasury needs additional
revenue, no matter what the individual
opinions may be regarding protective
duties.
committee are now at work perfecting the
details of the bill 1t is hoped that it can
be ready by tomorrow and if so it will
probably be passed under a special order
of the committee on rules, or possibly un-
der suspension of the rules. Speaker Reed
and his lieutenants are not disposed to
brook delay. They believe the house
should do its duty promptly
After the bill has been sent to the senate
the question of whether congress shall re-
main in session for the remainder of the
holidays Will rest with that body. If the
senate will proceed TO consideration of the
bill the house will remain in session. prob
ably adjourning from day to day. but if
the senate should, after the passage of the
house bill, show that it did not propose to
go ahead with it, and should deliberately
pass a resolution for holiday recess, it il
probable that the house would agree t3 it,
As to the attitude of che Democrats to.
ward the bill, it seems probable that il
will be opposed by most if not all of them.
The silver Democrats are not disposed to
g., H., 4 g. a.