The morning times., 1895-12-26

Despite Democratic appeals for delay
and Democratic assertion tLat such legisla-
bills, prepared by tie Republican members
OF the Ways and Means committee, were
ordered To De fayOrabiy reported at The fuIi
meeting OF the committee, yesterday morn
ing, by strict party vote.
All the members or the committee, except
Mr.. GTosvenor or Ohio, and Mr McLauren OF
South Carolina, were in attendance. The
session lasted two and one-iair hours. The
Democrats made u general protest = asainst
both measures.
The tariff bill was first considered. As
eacn section as read al Turner OF Georgia,
moved TO strike 1t out, The Democrats yot-
Ing iii tie Affirmative and tie Republicans
in opposition. Ar. AcMiiino OF tennessee.
then entered an earn.sJ pea Lor more time
in which to consider both bills.
He argued tLat ih.s being u holiday the
departments were closed; tEat II would be
impossible to secure from tie Treasury De
parrment before THURSDAY Tie data nea es-
sary 10 support the Democratic contention,
and closed with motion that further con-
sideratioH OF TIE measure III @ nnnttee be
postponed two days.
NO DELAY.
This motion was defeated, was also
his motion for twenty y-fOur hours delay.
Alter this the discussion for awhile be-
came general. The Democrats conteuGed
that the treasury now contained cash
balance or S1TO.0OG,uoU; that this was
ample 10 Ineet any deficiencies which ID Z ht
arise Tor several years; tGat the. receipts
before the close OF the fiscal year would
equal expenditures and that no tariff
lcs s.sIation was necessary
To THIS Chairul,ID DIDSiey responded with
general disclaimer. He stated that
$4,000, 900 oi that amount was in green
backs, which had BOT been received as
revenues. but which were redeemed with
gold, ard that they belonged practically
to the redemption fund They were part
really oil the cash balance and ought not
to be used for current expenses.
He showed that the greeiIDacSs were
used as an eLdiess chain to draw gold
from the Treasury and approved the policy
OF the Secretary in locking them up The
purpose OF the tariff bill, Mr. Dinghy con-
tinued, was to furnish the money needed
for the expenses OF the government with
out trenching GA the gold reserve or the
grecDbacss which had been redeemed in
gold He admitted that in Offering these
revenue measures the Republicans had
waived Tor the moment their protection
principles. and they n8de this concession
hoping that the President wood be equally
unselfish IN putting his own objections be-
hind him.
Mr.. Dingley insisted that the bill was not
intended as 4 party measure 1t was. he
explained non-partisan In character. and
he hoped that IL would poll the mil vote
of Congress. in order To- save the credit
OF the government. which. according to
the Presidents mesSage and disclosures
made 10 private by Secretary CarlisI-, was
in great danger. The condition orthe Treas
ury. he insisted. demanded prompt action.
Every days delay added TO the embarrass-
ment OF the administration.
WHAT IT WILL DO.
Inasmuch as no revision of the tariff
was tempted i'll the measure In question
no discussion III commit &c at this time was
necessary. The Republicans. he said, in
Conclusion. had taken the tariff law OF
1894 as 4 basis. and, accurtliHg to Ihe
lmporta;ious for the year. the new bin
would add $4,000 900 annually to The
revenues.
OF this sum $4,000. 600 would be de-
rived from duties on raw wool; $4,000,
300 on manufacturers OF wool, and Sl4,
DOC. 600 additional from the horizontal
increase on the remaining schedules ex
cept sugar. which was not changed. and
lumber. the duly on which would be 60
per cent of the Mckinley tariff rateg
The first and only break in the Demo
cratic column was ON the motion Of Nr.
Turner, Dem, Ga, to strike out the second
section OF the bill authorizing the Issuance
II $4,000, 900 certificates Il in;iebt ednCss.
On this motion Mr.. Tarsney, Dem. Mo-.
voted with tht. Repl blicans and the amend :
nent was lost.
Thereupon, Mr.. Mcsiillin, Dem. Tenn.
offered an amendment that the certificates
ssGed should be subject to taxation as
Ire the greenbacks and other moneys, but
his amendment was also rejected, the
Republicans voting against ii. -.
Chairman Dingley has been authorized by
lis Republican associates to prepare the
report OF the majority, which he VIII
present 10 the House today. There Is no
Indication that a report win be presented by
he minority, inasmuch, as they have not
yet been furnished with-copies orthe bill, as
in committee yesterday.
DINGLEY EXPLAINS THEM
Chairman Dingley of the Waysand Means
Committee made a statement last night a S
to the exact meanings OF the proposed reve-
nue. bill
The revenue bill" said Chairman Ding
ey, lis not intended to be tariff revision,
but simply an exigency bill to raise about
Si0.Oo0,0 900 of revenue to meet the de-
ficlency.. The main object is revenue. al
though incidentally the increase Will help
The bill is limited to two and a half
years. the expectation being that by that
time the Republicans will be in fun power
and able to revise the tariff on their own
ines.
The bond bill" added Mr.. Dingley, gives
he Secretary of the Treasury authority to
ssue per cent five-year coin bonds to
the redemption fund, but pro-
rides that the proceeds of ell bonds sold
Inder this act and under the resumption
,ct shall be used only for redemption pur-
poses. r
1T also provides that all bonds shall be
irst offered to the people of this country.
The bill also authorizes certificates of in
bearing per cent interest and
payable within three years TO lie issued
20 meet any temporary deficiency of rev.
nue.. The only object of the bond bill
5 to reduce the rate of interest and the
ime they run as the bonds which the Sec
etary is now authorized to issue bear or5
Der cent interest"