The Portland daily press., 1895-12-24

TED For Consideration-SiIver Men Must
Be PIocated-Herbert Closseted with
the President-Gossip of the Commits
sion and Its Makeup.
Washington, December 90. Mr.. Can
non of Illinois, chairman of the House
appropriations committee, today stated
| that the appropriations for the fiscal year
would be reduced to the lowest limit
| consistent with the needs of the public
service He explained that this did not
mean Chinese paring'' policy, but
that no appropriations would be made
for the new work which could by any
possibility be postponed until the nation
a. finances are in better shape. Where
the new work is vitality necessary, appro-
priations will be made for it even ii
bonds had to be sold to procure the
means.
-Four hours were occupied by the Re-
publican members OF the ways and
means committee this afternoon in pre-
pairing measure Of relief for the Treas
ury Department. There was satisfsc-
tory unanimity of opinion among the
memberS, as to the course to he pursued
to meet the deficit in the national fnan-
oes. Naturally, the first suggestion was
to secure revenue in the line of the Re-
publican policy, which is by duty on
imports. When the conference ended
those present had agreed upon material
amendments to the present tariff law,
which it is estimated will increase the
revenue about forty million dollars an.
nually.
Y Another measure still incomplete, will
be reported at the same time, looking to
the issue of bonds and certificates of in
debtedness. bearing low rate Of interest
fbn v,ro goy.f fscs,, l.r,
two measures will be brought before the
house separately.
At the caucus of the Republican mem
bers held Saturday night, nearly all pres
ent favored one general kill, which, 1t
was contended, should stand or fall with
The Senate and President upon its merits.
Today the disposition was general to
report two different measures. 1t was
explained by some of the members pres
emit, that the silver Republicans in the
House and Senate would vote with their
party on the tariff measure, while they
would be forced by the very nature of
things to oppose any bond feature of the
measure. 1t was primarily to secure the
support of the silver Republicans and
not put them in an antagonistic position
to their party, that the decision was
reached to divide the two propositions.
Ihe two bills will be reported to the
House Thursday, and will be passed with
little delay. One, and possibly two days
Ray be devoted to their consideration,
and it is not improbable that they will be
passed before the, close of the session
Thursday, which may be prolonged to
extend the time for discussion.
The su bstantial features of the tariff
bill are these: Making sixty per cent
rate on wool, with sixty per cent ooIn-
pcnsatcry duty on manufactured cloth
over the act of 1894, sixty per cent rate
of duty over the 1890 law mckinley on
lumber, 20 per cent increase over the act
of 1894 (Wilson bilD on live stock, ,ceresal,
dairy products and horizontal increase
OF 10 per cent in the rates of duty on all
other schedules of the law of 1894.
In this connection proviso Is added that
in no case, shall the rates of duty exceed
those of the Mckinley law, except in cases
where the present rates of duty are high
or than those Of the Mckinley tariff. the
proposed amendments to remain in effect
until Auugst ], 1898.
The increase OF duty in farm products
was made at the request of members rep
resenting distinctly agricultural states,
their contention being, that the present
law is ruinous to their grange constitu-
ents.
The accompanying bill provides for an
issue OF 3 per cent five year bonds to
protect the gold reserve in the treasury
WlOu bIlo prOYlSO tuHb UH0 CurF6uOy I6-
DENIED by the bonds shall not be paid
out while decflit exists in the treasury.
This differs from the original purpose
of the Republican leaders, which was to
give authority to the Secretary of the
Treasury to issue three per cent bond
as popular loan, to maintain the gold
reserve and for no other purpose, with
the proviso that redeemed greenbaoks
shall not be used to meet current expen-
ses, but be retained as necessary as part
of the redemption fund.
Authority to issue National banks
circy lating notes up to par of bonds de-
posted as security therefor, and reducing
the tax on National bank circulation.
Authority for theissue of certificates of
Indebtedness to meet the temporary defic-
ienoy in the receipts until the revenue
can be provided.
In addition to the sale of bonds it will
authorize the Secretary of the Treasury
to issue certificates of indebtedness bear
ing two per cent interest, not to exceed
$50. 90, 0000 In amount, to meet the current
deficiencies of the revenue.
Secretary Herbert spent an hour with
President Cleveland at the White House
this morning, presumably consulting
| him with regard to the future plans OF
the North Atlantic squadron, the depar
ure of which on cruise Of evolution,
which includes the near vicinity of the
| Venezuelan coast, has been again post
poned as q result of a conference between
M uanl,o,,+ opI A1,niro1 Rurco voctar,