Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-26
DRAFTED
Revenue Bills Are
Ready for Passage.
TaEX WILL BE PRESENTED TO
CONGRESS TODAY.
MONEY is WANTED
~
And tho b. Expected by the
Republiea ~, Increase the
Revenue 100000.
House Ways and Means Committee
Held u Session Yesterday and
adopted Both Measures.

Washington. d. c., Dec. 25-The
house ways and mems commltte de-
voted several hours OF Christmas 10 a
final consideration OF the two revenue
bills which are to be presented to the
house tomorrow. Printed copies of the
bills were laid before the fun commit
tee, the plan being announced to the
Democratic members for the first time.
although they We're familiar with It's
details through the accurate forecasts
published by the Associated Press. The
bills were formally adopted as the COM
mlttee measures motions to lay them on
the table being oyerruled by party
votes. Each bill was read by sections
and motions were made by the Demo-
Gratis TO strike out each section. which.
OF course. failed to carry. 1t was voted
to give Thursday to the consideration
of the tarlff bill in the house and Fri
day to the bond bill with vote on
each at the end Of the days debate
on It,
The Democrats endcavored TO secure
three days debate or obtain q post
p0nement OF two or three tlhyA IN
which to study the probable elfcriT Cf
the measures. II enacted. and to have
the bond bill debated bet1re Ne ''rif
bill. but the Repuolist1s .lherad TO
their original arrangements.
Chairman Dingley stated TO the COM
mlttee that the bills were not framed
as Republican measures. but was cal
culated to save the credit OF the gov
eminent which, according TO the presl-
dents message and personal commune
cations made by Secretary Carlisle TO
members, was endangered.
Mr.. Dlngley laid particular stress
upon the assertion that the first bill
did not constitute and was not intend
cd for a revision OF the tariff. Tho VIII
son act had been taken as the basis
for the tariff bill. An estimate OF the
probable increase of revenue based ON
imnortntions under the Wilson act In
| 1894 shows q probable increased reve-
nue. OF 100000, 600, which about equals the
deficit of the past year. Twelve mil
lions, Il was estimated. would be de-
rived from the Increase ON raw WOOL
Sll, 600. 900 from manufactured woods
and Sl4,0000O0 from the 10 per cent
horizontal advance on other - leda'es.
The Republicans had waived their
protection principles for the tina In
preparing these bills.
Mr. Dingley said
$50 they hoped that President Cleve-
land would waive any nntdgpnistic
Views he might hold and algn ne I'LL
one of the Democrats asked any the
Republicans had not come to tbs iuii
extent Of the Mckinley bill, TO which
| MIR. Dlngley replied that they would
| do so II they had the power.
Mr.. Dingley will present report OK
planatory Of the bills. The Democrats
sny they have not time to prepare
The TWO bills viii be presented to the
house tomorrow and their texts are
as follows: ,.,.
No. /. A bill to maintain anj project
| the coin redemption and TO nrthafi"e
,he Isaue of certificates OF Indebtedness
| TO meet temporary deficiencies oil rive
| nue.. mutt, %
tbe authority given to the secretary CT
| the treasury by the act approved 80 II,
I "a 1875, entitled IAN act to pro 'lde ior
| The resumption OF specie payment, ne
il authorized from time TO tine W nis
| discretion to issue. sell ana dispose W,
nj not less than par coin COUPON VI
raoistercd bonds OF the United Sia,es
10 an amount sufficient to meet require
ments stated In this section, incflhg
interest at 3 per cent per amman, ray
| ahIa senl-annually, and redesmlple NJ
the pleasure OF the United .'tntts III
cojn after five years from their care
With ike qualities. privileges and eS-
ceptIons provided IN said bill for the
bonds therein authorized The. Htre-
,orv Of the treasury shall use the pro.
ceeds thereof for the redemption OF
| United states legal tender rotes hhu
for no other purposes. WheneSsr nv NY
,acratnrv OF the treasury shiu tIeT
any ~ Inc bonds authorized icr thle
nv this act or by the resumption act OF