The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-26

"a pAAA Atits~
Or Redemption of Greenbacks and
f or sale OF Bonds i'm Small Denom-
nation. in the United states.
tshington City. Dec. o5.-The house
and means committee devoted sever
slrs Of Christmas 10 a final Considerl-
81 the TWO revenue bills. which are 10
presented tomorrow. Printed copies
e laid before the fun committee, the
n at.ng announced 10 the Democratic
n1ers for the first time. although they
- familiar with its details through
accurate forecasts presented by the As
Atrd Press.
ls hills were formally adopted as COM
tr~ measures, motions 10 lay them On
table being OverrlIled by party votes.
n hu was read by sections. and mo-
. acre made by the Democrats TO
A. out each section, which. Of course.
II 70 carry. Ii was voted 10 give
rs4ay 10 the consideration OF the tariff
~ the house. and Friday 10 the 5oad
with a vote on each At the end of the
. DEBATE upon it. The Democrats en-
Fored Co secure three days debate TO
3 q pOstponement Of two or three days
sh. b 10 study the probable effects Of
measures if enacted, also to have the
hll debated before the tariff bill. bat
Republicans adhered 20 their original
tagements. The committeeman present
Dngley, Ne, Deliver, Ia. Payne.
T. TaWney. Mimi: Hopkn rs, III pal-
Pa; Russell. Conn; Johnson, y. D:
L.. Ind: Evans. Ky, Republicans;
Fl AaAFfalfv haafay IA
n nfy Mo. Turner. Ga. Democrats.
a.rman Dingley stated TO the commit
& 7hat the bills were not framed as a
n fllean measure. but az one calculated
T ave the credit Of the government.
4 D. according to the presidents mes
II and personal communications made
II errftary Carlisle 10 the members, was
II nEered. The condition Of the treas
Fl from their representations, demanded
IA fi.ate acton. and the Republicans had
II ard emergency bills on the lines which
II I'D most expedient. Mr. D.ngley lald
n ular stress on the assertion that the
II n.u ali not constitute. and was not
4 .ded for. a revision of the tariff. Con-
city there was no necessity for y
II debate Of the bill. The Wilson act
II been taken as the hasis for the tariff
An estimate OF tina probable Increase
TT IAt- 10 kft derived nom tAlt tdi IA
ad been made, based on importations
+ me Wilson act in 1894. This showed
hablr increase in the revenue of $to,-
which about equaled the deficit Of
asst year Twelve millions. 1t was es-
Il ed would be derived from the increase
3 ~ wool. S4.epoo0 from manufaCmr-
Il ools. and S14.0N0.Oo0 from the - per
g. hor zontal advance on other schsd-
- The Republicans had waived their
J. et.On principles for the time in pre-
these bills. Mr.. Dingley sad. 50
= h0ped President Cleveland would
&c any antagonistic views that ne
n hold and sign the bills"
j. of the Democrats asked why the Re
N cans had rot gone to the fun extent
e Mckinley bill. TO which Mr.. Dngiey
4 q that they would have done so 4
4 had the power The Democrats on
part contended that the effect Of the
scheme would ne 10 retire the greed
by holding them in the treasury. and
> tha Republicans proposed 10 30 indi-
Il hsst what the president had recon-
/ "a and what they Ghe Republicans)
4 snced. The tariff bill. they claimed.
4 s,rictly Republican. measure. and
esre sor which President Cleveland had
4 sssesi
Il NcNiliin asserted there was no need
as.lfttoual revenue. as the treasury
4 srn~n, showed a cash balance of $l1o.-
+ pinxIey replied that SO ooo 600 of this
1 IN greenbacks. which had not como
~ revenue. but had been redeemed by
Ia while on their face they had con-
I ased mart OF the balance. 10 pay them
wouII continue the endless chain. The
. uuhIican plan would provide for the
snssS az tho government without en-
s~hfnr on the gold reserve or en-
ing redeemed greenbacks.
Fl s,erdnents were offered by Mr. Turner
era. au- the second section of the bond
p~oti7irg for treasury certificates or
4 .lt. moss. and Nv Mr.. McMilin 70
~ THESE certificates subject TO taxa
as s~e e-reenbacks and other currency.
IN were lost
s s,t-rr,- ptrgIey will present a report
f.r7fo~v of rhe bills. The Democrats
8 fh.t have rot had time 10 prepare a
rrifv report.
- te, h.us 10 he presented 10 the
- tsrnorrow and their texts are as
o~s
The bond RiIi.
L. tg' 20 maintain and protect ne coin
swrtr n fund. ana 10 authorize the is
i ..s .a-ri4rai-s ~ Indebtedness 30 meet
fsr n-s~, deficiencies Of revenue
A. a. enacted etc That ia addition
~ t.rttv given to the secretary ~
tr.s. -r hv the act approved Ja1u-
"A D.. entitled. An act % provide
"a r .rmpfipu Of specie payments.
- -r..s from time 10 time. az his
- t. ISSUE. sell and dispose of.
- ls t-t1 par. I'm coin. coupon or
go .rls - tho Fnitei states 70