The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-12-23
FINANCIAL LEGISLATION.
Ways and Means Committee ofthe
House at Work.
BPEAKER REED's BOND soHEME
II wln Doubtless bs Adopted and Pre-
sentsd to the nouse by Mr.. Dingiey's
CoAnn,ittee--To increase the Tariff on
Wool, Lumber and other Articles.

Eented to the House by Mr.. Dingiey's
Wool, Lumber and other Articles.
w ksnrNaToN, Dec e3.-This promises
20 bc an cyentful week in the house. Be-
fore adjournment Is reached next Satur-
day the Republican leaders of the house
inteihdtilat bill shall have been sent to
the senate In response 10 the demand OF
tho presidents message Of Friday for some
monrs OF relieving tho treasury situation
aud protecting the gold reserve. The Re-
publican leaders determined to act prompt
! ly al soon as the message was sent, and
all Idea OF taking recess for tho holidays
was abandoned In the face Of tho situation
presented. The ways and mems commit.
toe was organized on Saturday, with Ding
Icy qf Maine as chairman, and on Satur-
day night the Republican members held |
q secret meeting at the Capitol, at which |
Speaker Reed was present, to discuss the
"details Of bill which In their opinion |
would furnish the desired relief
Az preliminary 1t was decided that |
while the situation In the senate as to tho
fate there Of any measure passed by tho |
house should bo kopt In mind, tho house |
must act independently of the result In |
the upper branch Of congress. The general
outline of measure was practically
aSreed upon, but tho details have not
been completed. The sentiment was unanl-
mods that no gold bonds should be auth
orizsd, but that bill on the lines OF Mr..
Reside amendment Of last year should be
drawn up, and with that should be coupled
som tariff changes for the purpose of
raising additional revenue. Last winter
tho Republicans took the stand that tho
mehace to the gold reserve was caused
primarily by this lack Of revenue to meet
the expenses of the government and that
IL still their position.
Mr.. Reeds bond proposition, which the
committee will adopt, provides for the re-
dudtion Of the rate Of interest on bonds to
bc issued under the acts OF 1870 and 1875,
for the purpose Of resuning specie pay.
mcht and protecting the spocie reserve,
from to per cent, and for low rate,
low, denominatlonal coin bond, which will
practically be debt certificate, to be used
TO supply deficiencies In the revenues BY
The terms Of the bill 1t Is probable that
provisions will be inserted to provide that
tho proceeds Of any bonds issued under the
Acts OF 1870 and 1873, as amended, shall go
to the reserve, and of the latter bonds to
pay current expenses. In this way sep
srAte account can be kept, and the pro.
.s.s ~ , 'oi. W inai.V.s,i' eno resor'o
h,e se.en ~ $50 " pay eut,ehe ,es eApenses.
s..t.'s, uysAs ~ y. ,,as vno enlin enanges wii
s,.thnI snp T,, n.oss \, u,. s., .asA ~ ,ra,,ins
..~1.,.. - -. p' ,'1 i, ulaniiiiiV "
,.,,,,,,,' -, ~ y II s'nons
~ a,,..' ~ ,,'a, ~ V'is na,V'' soo,,,i,tVee
S,lA ~ aay i ~ "o1r M, anu eon,'eusl,ins M
want tho duty on wool to be at least eight
cehts per pound, but the indicutions are that
s,,, ~ - w uynss i'ro - soihe
..9 s., Y. propus.llon 70 nake mort
s' ~ ~ a. ~ =, wy svle,'uies oAoepe
s1ss. =. ,loi, ~ " ~ w upnV,, Duo onae
Pps'.u.il ,.. q9.'focrs M US hoo peins
~ p.oses,lon I'm i.n9s' seeihs Prouaple,
sose., , sn"o wooi auu Woo,ehs' luhper
rsrious oe,er a.ccles VIII 20 seiected'
~ =, ~ y s"iu, eoii'c uiuerence
y, ,,,''' ~, ~ .r'a poin soeins cor.nn
e']as eiielS WI pc q .iline iiiiitation OF Two
yJu.s ,.s or .n,r.y inonsns On .he ne Oh tne
e1r, r PRIV ,eious y. ene piii' Aho Poihs
VIII 70 'ns'uv .nae ~ 70 an eiiiersency meas
ulv sor iaislnS resenue, "nu sherelore,
,,'.,se sliu ~. fuii sne app.oNa, vi al VINO
oplieYe thae ono erelsury neoas auaitional
ryepue. no mater wnae inc Individual
cI'oiis inay po resefaihs proeecsWe
~-nnaes'
W ihe hePupiicans vi ohe ways anu means
epmnileese are now AZ WORK periecting the
ef'als o1seae plli. ~ IS hoIeo thao ~ can
x ,ea,y " eopio,rom, anu 80 !" VIII
Evpap's pe passeu unuee special oruei
one eoiiliiileees On rVies, OF possibly un,
uFr susPension VI Vne ru'es. opeaker ltceu
ariu nis iieueenam.s my, "re not aisposod te
Toos uoiay' they pci,eNe tne houst
spouiu ao i,s uuy promptly.
Aiuer ene plii mas peeh sent TO the senate
tho question u whetnof congress shall re
spsnn MI, II sess,oh ior tne rehiaihuer OF ths
1ohuiys vii resp witl ehiig pouy. Ii IN.
spnaIe VIII proceuu ps 20 consideration OF ths
1ill tne MOUSE wiil REMAIN IN session, PROB
1py auloarhipg from Gay 70 Day pnt L
pe senate snouIu, aIter the passage OF th'
house pni, snow unat IL oid not propose tt
W aheaa WIN IT. ana should deliberately
pass resolution ior a holiday recess, IL L
Hropaple that tiie mouse would agree to 1t
as 70 lne a.ueuue OF 1he democrats to
Ward the piii, IL seems PROBABLE that i
w VII We oppossu ny most II not an OF them
Inc silver democrats afe not disposed Il
vote LOT any ponu proposition, nrst becaus'
Nney oeiieFe tnere Is another remedy II
we hands Oh the e4ecutiye-tDe rcdemp
1ioh ol ho.os IA shVcr. 1hey might vot
1or com bonus 70 pofrow money II tina
MONEY WAS neeueu 10 meet current OK
pensea.
tno aeihinis'raeion anu souna mone'
Democrats VINO mlght De disposed to vot
Tor bond authorization will probably b.
deferred from voting for the measure be
cause of IFS tariff propositions so that IN
dolib onnoeition of-bo Dar,oorots a. sIs,,i-s,
w. mo oyeryhe,ming Pan,bi,na,, -
- y !" "s AsoP"piiOhn ihs
,as,,a,, r. T. ~ ,,i,a,., Ps H.. peyoh,
1nents viii he offered by tho Democrats s ~ i