Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-12-26
THE WASHINGTON BUDGET
Chairman Dingley, of House Ways and
Means Committee, Presents Reeds
Revenue Bill.
TARIFF DUTIES STRICTLY FOR REVENUE
Virtual Admission that Mckinley Pro-
hibitive Tariff Duties were Wrong
Bond Bill Expected To-
morrow.


Bond Bill Expected To-
morrow.
Washington, Dec. 26. - The president
and cabinet aud officials in Washington
generally, with the exception of the Re-
publican members of the ways and means
committee, who labored to complete the
text of their tariff and bond bills, spent
Quiet and enjoyable Christmas, free
from the anxieties and excitements of the
past six or eight days.
THE HOUSE REVENUE BILL.
Chairman Dingley, Of The ways and
means committee, to-day reported to the
house the revenue bill agreed upon by
a majority of the committee.
The report said: "Your committee
regard the chronic deficiency in revenue
during the past two years and half as
the most potent cause OF the difficulties
the treasury has encountered, and an i'm
portant factor in the creation and
promotion of thai serious distrust which
has paralyzed business and dangerously
shaken confidence even in the financial
operations of the government.
"The serious fact we are called upon to
confront is that in the two and half
years that have elapsed since July IA,
1898, this governments has had an INSULT
ciency of revenue to meet the current ex-
penditures amounting in the aggregate to
about $133,O0O,O0O, and even during the
first half of the present fiscal year the
deficiency will reach about $2O,O0O,OOO,
and about $3,0O0,OO0 the present month.
''The insuficiency of revenue has made
it necessary to use the redeemed United
States legal tender notes to pay current
expenditures and thus supply additional
means to draw gold from the greenback
redemption fund; in short, to create the
endless chain of which the secretary of
the treasury complains, and which has
made it necessary to sell issue after Issue
of bonds to replenish tbs reserve. Those
who oppose the raising of more revenue
in such a situation, in effect, whether they
intend to do 80 or not, favor borrowing
in preference to paying as we go along.
HORIZONTAL INCREASE OF DUTIES FAVORED.
"While we have presented in brief u
measure looononuAns
crease OF 10 per cent on e1lstlnH au'ies
on all the scheouies nu' e"o' "nion 40 an
add1tion OF less bhan Q PeI coHt W 'no
average ad valorum rate, giving about
Sl5,OOO,OOO of revenue from that source,
vet more than $25,000,00O of the
$4O,OOO,OOO, which it is estimated
this bill would add to our an
nual revenue, will come mainly from wool,
"hion 70 oaAo 49,. .ma &C.,, .anr.
given q incuelas1 10y h;.h aau ~. n;uan % : "no-
iao'uie' - ,..;n.l.nt+e ~os ~" +e .ha artv IN
Pons"VTly WY ,.ans u1 nsosssorr r.h:n n
wooi' Wnon ~ os5a. - ,-;,a
uu'y - P1aoeu ~ ~ roI hnast ana 49, 4
'ne ~ool eio"ols sno uounn .'an,ans a. hama
posgaoi1 Tn ~ ~ ana..aS .na -, norr nonm;ttss
lne ui. iep1.'h ~. ~ 5r.y m ;mnortsS
proposes .p naai uoAe co w., ~ ocrt 81 tha dutv
oloen.ns :. y, 49, 49, ut r. ,son vh;oh wonla
lmPoseu oy :no "ut ~ - ' s'1o - oant [ ,,ar
give .ne equ.sa,ehh. nah.S ~ wool o ~ ~ aSort % M ao
Pouno ~ .nwasa .res
Pe. us'ah 1eh0 ,nsa. au ~ mos n,ooed m tho frae
ouon ium' .un 81. 40 ~ ~"e ,aaa o n;thout @ Tho ths
NV W :no :n0.;soo4;on o % 10 rastorsd ~ ths I
slkn,ee' !s0 .,,. ~ a. 5ntr onlv 1e
uuU'ae .o ~, s ~ s,.;as n-on;asa ~ tha ont
per ,ooo oooo s;.; y, ~. u Nv spr;,aIaut ~ onlv
" 10y, s.s.ns nA
"oou' ~ ~. 0onm oono,,,srs
BOTH mAAeoAA'
The revenue ana bona oilis we're not
agreed to by the committee wltnout
much reconcillatlon OF connlcting views
and several compromises. Inc oils viii
surely pass the mouse, Shouen 'ne Oemo.
Gratis Will unanimously oppose sne earlH
measure and some democrats VIII op-
pose the BOND Dill ana propose me me re- 70,
tirement OF the greennaoks, $boO,OOOOoo
ct bonds 70 90 issued io1 tnst PurPoss;
some western iree siiver noPuDa,cans VIII
also oppose the bond Dill: me mouse
leaders believe that both bills Will pass
the senate by combinatlons, al OF the
Kepublicans ana Two fopuilsss Young
for the tarin Dill ana Democratic ana ne.
publican sound money men TOT sne oond
bill.
lnete Were coulerences y, noPuul'0aus
nrasant nlsn. 40 Il ia not altorether tie
.produotion of sneaker Reed. The chief
fear nov 81 pressed ii Republican circles
ia that a cancns NAV he called to tear the
hi,l ~ niecas for. IN anch an event. con.
h;n.t;nns NAV ha tonnes 70 chanra the
tarifi features. and once the special in
tarosts And the doors to tariff changes
oman mnch dina IA ukely 60 be consumed.
To ali az the members Who vent 10
him to sacnra cona;deration for tho mar.
t;nr,ar ;ntarasts "a their const;tnsnts
Chsirman DinUlev REPLIED that the bili
nndar considerst;op Vas not a tari1 hill.
NM ! tamnorarv ravanue h;ll. Tha ssme
.,crmsrt ~ rsaa in comm;ttea MIR
thoss - snhsrs vho onnosad ths ho,;.
yonta, [ rsias ~ n nsr csnt IN tho oronna
.thst n vss onnosed q Az nrntection
49,.