The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-26
WORK ON CHRISTMAS
The House Ways and Means Commit
tee Considering Bills.
FOR REVENUES AND BONDS
A Measure to Protect the Coin Re-
demption Fund Will Be Intro
duced To-Day-Detaiis OF
the Others.

Washington. Dec. 25.-The house
ways and means committee devoted
several hours Of Christmas to the final
consideration of the two revenue bills
which are to be presented tomorrow.
Printed copies were laid before the
full committee. the plan being announ-
ced to the democratic members for the
first time, although they were famil-
lar with its details through accurate
forecasts presented by the associated
press. The bills were formerly adopt
ed as committee measures. motions to
lay them on the table being overruled
by party votes. Each bill was read by
sections and motions were made by
the democrats to strike out each sec
tion which, of course failed to carry.
1t was voted to give Thursday to the
consideration OF the tariff bill by the
house. and Friday to the bond bill.
with q vote on each at the end OF the
days debate upon Il. The democrats
endeavored to secure q three days de-
bate to gain q postponement of two or
three days in which to study the prob
able effects Of the measure II enacted,
also to have the bond bill debated be-
fore the tariff bill, and the republicans
adhered to their original arrangements.
Chairman Dingley stated to the COM
mittee that the bills were not framed
as a republican measure. but as one
calculated to save the credit Of the
government, which. according to the
presidents message and personal COM
munications made by Secretary Car
Isle TO the members, was endangered.
The condition OF the treasury. from
their representations, demanded imme-
diate action, and the republicans had
prepared the emergency bills on lines
which seemed most expedient. An es-
innate of the probable increase
of revenue to be derived from the tariff
bill had been made, based on impor-
tations under the Wilson act In 1884.
this showed a probable increase inthe
revenue of s4o.o00.oo0, which about
equalled the deficit OF the past year.
|. Twelve millions. II was estimated.
would be derived from the increase on
raw wools: s14.000,000 from manufac-
tured woods, and s14 zoe, 900 from Is per
cent horizontal advance on other
schedules. "The republicans had
waved their protection principles for
the time in preparing these bills. Ding
ley said, $50 they hoped President
, Cleveland would waive any antagon-
istic views he might hold and sign the
bills"
one of the democrats asked why the
republicans had not gone to the full
extent of the Mckinley bill. to which
/ Dingley replied that they would have
done so IL they had the power. The
democrats on their part contended that
the effect OF the bond scheme would be
to retire greenbacks by holding them
in the treasury. and said the republi-
cans proposed to do Indirectly just
what the president had recommended
and what they. (the republicans) de-
nounced. The tariff bill. they claimed.
was strictly a republican measure for
which President Cleveland had not
asked.
McMillin said there was no need for
additional revenue. as the treasury
statement showed a cash balance of
| S170, 100000. Dingley replied that sew
| enty millions of this was In greenbacks
which had not come In as revenue. but
had been redeemed by gold. While on
their face they constituted part OF the
cash balance. to pay them would con-
tinue an endless chain The republi-
can plan would provide for expenses OF
| the government without encroaching
on the gold reserve or employing re-
deemed greenbacks.
Amendments were offered by Turner
to strike out from the section of bond
bill, providing for treasury certificates
/ OF Indebtedness. and by McMillin to
make these certificates subject to tax
alton as are greenbacks and other
currency. Both were lost. Chairman
Dingley will present a report explana-
/ tory of the bills. Democrats say they
have not had time to prepare minority
report Two bills are TO be presented
TO the house tomorrow. and their
/ text is as follows: No. bill is TO main
tain and protect the coin redemption
fund. and to authorize the issue OF
certificates OF Indebtedness to meet the
temporary deficiencies OF the revenue
BE II enacted. etc, that in addition to
the authority given TO the secretary Of
the treasury by an act approved to
/ H. 1875, he Is authorized from time to
time. at his discretion to issue. sell and
dispose of at not less than par, in
coin. coupon or registered bonds OF
the United States to an amount suf-
ficient for the object stated In this sec
tIon. bearing not to exceed 4 per cent
interest per annum. payable semi
annually. and redeemable at the pleas
ure OF the United States. in coin. after
| five years from date. with like quail
ties. privileges and exemptions pro-
vided in said act for bonds therein
authorized And the secretary OF the
treasury shall use proceeds thereof
for the redemption OF United States Ie-
gal tender notes and for no other pur-
pose whenever the secretary shall
offer any authorized bonds for sale by
this act. or by the resumption act OF 1875.
he shall advertise the same and author
ize subscriptions therefor TO be made
at the treasury department. and at
| the sub-treasury and DESIGNATED de-