The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-12-14
TO PASS A Tariff Bill
Duties on Wool and N0olens Likely
to BE Restored.
0 REPLENlsH REVENUES
Congress win Pay No Attention What
ever TO Mr.. Cleveiand's Views for Re-
hnbiiitating the Finance - Green
back Not to blame for Trouble.

Washington. Dec 13.-Notwithstand-
Ing the fact that the president failed to
advise congress that more revenue IL
needed. the policy Of the Republicans
will be to increase the revenues before
attending to the currency problem. The
total available cash In the treasury
at noon today was $175.5s3,752. This
sum Is about $5,000.000 less than the
amount received for the sale Of bonds
during the past two years. Secretary
Carlisle sold about $162 900 900 In bonds
(face value) ostensibly for the sole pur-
pose of maintaining the gold reserve.
Yet the gold reserve today is down to
about $76,0O0.OO0. and not single dol
lar remains in the treasury Of the mil
lions which Secretary Carlisle found
there when the keys of the vaults were
turned over to him on the 9Th Of March,
1885,
The plain truth of the situation Is
that since Grover Cleveland was inau-
gurated there has been a shortage of
upwards Of $200.0O0.Oo0 in the revenues
of the government. Mr.. Cleveland stu
diously avoided any reference whatever
to this patent fact In his message. But
the fact exists nevertheless, and any
tyro in the school of finance realizes
that under the circumstances the ills,
from which the country has suffered
during the past tvs years are not be-
cause of the existence Of the greenback
as microbe in the financial body OF
the Republic.
Grccnbacks Not to Blame.
There are scores of Republicans who
are ready to admit that the irredeem-
and these same men do not hesitate to
declare that with the whole $500. .O00, 900
in greenbacks and treasury notes elm
mated from the currency there would
be less chance for continued exports of
gold. But from Speaker Reed down to
the very youngest Republican member,
almost every Republican in the house
is determined to test the efficiency of
more nourishing financial food upon the
treasury vaults before attempting to
follow the plan laid down by the man
whose financial views, forced down the
throat of congress. have not heretofore
produced beneficial results. 1t can be
set down as certain, therefore, that
the Republican majority of the house
will be guided rather by what they
regard as the will of the people than
by the whim Of President Cleveland.
This congress will certainly enact n
tariff bill. II viii not be of such a char
acter as to disarrange the business OF
the country, but II will be framed with
the single idea of providing sufficient
revenue for the requirements Of the
country. This Is the idea of such men
as Messrs. Reed. Payne, Dalzell, Ding
ley, Grosvenor and dozen others
among the foremost men in the House.
The bill will affect only few schedules
the principal one Of which will be the
wool schedule" A duty Of from to
10 cents per pound on raw wool, with a
corresponding increase upon woolens
would add at least $4,000, 900 to the rev.
enues ard In consequence the Key
stone of Wilson's bill'' as free wool is
called, is to be knockd out.
Very likely Cleveland will veto the
bill. That will make no difference, how
ever. The Republican party was given
control Of congress upon platform of
protection and a protective bill which
will produce revenue is to be framed
and promptly passed. Such a bill may
be expected before March /. President
Cleveland may do with 1t as he sees fit.