The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1895-12-26
FOR MORE REVENUE
REPUBLICANS WILL ATTEMPT TO
PASS A NEW TARIFF BILL.

REPUBLICANS WILL ATTEMPT 70
PASS A NEW TARIFF BILL
| Horizontal Increase on Present Sched-
ules the Plan Proposed-An Issue OF
Low Rate Denomin .tional Ronds Also
Contemplated.
WASHINGTON, Dec %. This promises
to be an eventful week in the house.
Before adjournment is reached next
Saturday the Republican leaders Of the
house intend that bill shall have been
sent to the enate N resp mise to the de-
mand f the preside nt's message OF
Friday for some means of relieving the
| treasury situation d protecting the
gold reserve. The Repub- lean leaders
determined to act promptly as soon as
! the message was sent in and all idea Of
taking a recess for the holidays was
abandoned in the face of the situation
presented. The ways and means COM
mittee was organized and the Repub-
lican members held secret meeting at
the Capitol, at which Speaker Reed was
present, to discuss the details Of bill
which, in their opinion, would furnish
the desired relief.
Bond Issue and Tariff Changes.
AS preliminary it was decided that
while the situation in the senate as to
the fate there of any measure passed by
the house should be kept in mind the
house must act indepently Of the result
in the upper branch Of congress. The
general outline Of a measure was prac-
tically agreed upon but the details
have not been completed. The senti-
ment was unanimous that no gold
bonds should be authorized but that a
bill on the lines of Mr.. Reeds amend
ment of last year should be drawn up
and with that should be coupled some
tariff changes for the purposes of rails
ing additional revenue. Last winter
the Republicans took the stand that the
menace to the gold reserve was caused
primarily by the lack of revenue to
meet the expenses of the government
and this is still the proposition
MT. Reeds Bond Proposition,
which the committee will adopt, pro-
vides first for the reduction Of the rate
of interest on bonds to be issued under
the acts of 1870 and 1875 for the pur-
pose of resuning specie payment and
protecting the specie reserve from to
per cent and second for low rate,
denominationM bond, which would
practically be a debt certificate to be
used to supply deficiencies in the rev.
enues. By the terms Of the bill it is
probable that provisions will be in
serted to provide that the proceeds Of
any bonds issued under the act of 1870
and 1876 as amended shall go to the
reserve and of the latter bonds to pay
current expenses. In this way sep
arate account can be kept and the pro-
ceeds of bonds sold for ONE purpose can
not be used for the other.
The Proposed Tariff Changes.
The details of the tariff changes will
furnish the most difficult task in tram
ing the bill. There is practical
unanimity of sentiment so far as can be
learned among the Republican members
of the committee for duty ON wool
and compensating duties on woollens.
There is some discussion of a PROPOSE
ton to make horizontal increase ON
all the schedules except sugar of FROM
Is to 20 per cent, but that is opposed in
certain quarters as being not on protec-
ton lines. 1t seems probable, therefore,
that wool and woollens, lumber and
various articles will be selected While
there is, it is said, some difference of
opinion on this point it seems certain
that there will be a time limitation of
2 years or 80 months on the life Of the
tariff propositions of the bill.
Democrats Will Oppose the Rill.
AS to the attitude of the Democrats
howard the bill, it seems probable that
it will be opposed by most, if mot all of
them. The silver Democrats are not
disposed to vote, for any bond PROPOSE
tion, first because they believe there is
another remedy in the hands of the ex-
ecutive-the redemption of notes in
silver. They might vote for coin bonds
to borrow money if the executive said
that money was needed to meet current
expenses, but as the demand for au-
thority to issue bonds is not based on
that ground, they will oppose it.
COMMITTEES OF THE HOu6E.
Personnel of Q Few OF the Most I'm.
1por4an&
WASHINGTON. Dec. 21.-The follow
ing is the personnel of the leading
house committees as announced by
Speaker Reed:
Foreign Affairs Republicans: Hitt,
Ills, chairman; Dreper. Mass; Adams.
Jr., Penn; Quigg, N. Y; Conzins, La.
Taft, o.; Smith, Mich; Heatwole,
Mimi; Pearson, North Carolina DEM
ocrats: McCreary, KY; Price, La;
Tucker, Va; Densmore, Ark; Money,