The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-27

months 10 deal with each article sep
arately. More than $4,000. 900 OF the
$40. 900. .000 which II is estimated the bill
would add to our annual revenue. will
come mainly from wool. which Ii taken
from the free list and given a moder-
ale duty. and from manufacturers or
WOOL which are given a compensatory
duty equivalent to the duty on wool
(which n always necessary when q du-
ty Is placed on wooD In order to give
the wool grower a benent and make IL
possible 10 manufacture woolens at
home.
The bill reported proposes TO make
a duty on imported clothing wool of so
per cent. of the duty imposed bysthe
act OF 1890, which would give an equiv
alent OF sc OF a cent per pound on un-
washed wool. or about 40 per cent. ad
valorem. This reduction from the duty
OF the act OF 1890 has been made be-
cause the restoration of the full duty
in that act might seem to be too great
a change from the present law. TO
those whose cooperation II II necessary
to secure In order to have any legisia-
tion. and not as a measure OF what
might be done when all branches OF
the government are In harmony with
the majority of the house on protection
lines.
The report on the bond bill says. as
the secretary OF the treasury announces
his intention to avail himself Of the
authority given by the resumption act
and to sell more high-rate and long
term bonds II necessary, the only ques-
tion is whether II Is not clearly for the
public interests that he should have
the authority to sell lower-rate and
shorter-term bonds.
The committee thinks that IL IL
clearly In the public interest that he
should have this authority. In grant
ing this authority. however. we have
included in the bill provision that
the proceeds of the bonds sold shall be
used exclusively for redemption pur-
poses. our object being to secure such
separation from the redemption fund
from the ordinary cash In the treas
ury as will maintain and protect the
reserve. We also provide that such
bonds shall be offered for sale In such
a manner as to invite investment
among the masses OF the people"
Henderson. republican. Iowa. from the
committee or rules. presented special
order under which the house was 10 OPP
the adoption OF the order II would be In
order 20 call up the revenue bill and de-
bate until 5 o'clock. when. without an IN
dervening motion. a vote be taken on the
passage OF the bill. After a protest by
Crisp the report was adopted by 2is to 50.
a strictly party vote.
The tariff bill was then read by
direction OF Speaker Reed. who said
Dingley would be recognized to con-
troll the time on one side and Crisp on
the other. Dingley took the hoor In
advocacy OF the bill and said the re-
publicans had assumed the response
bility placed on them by the president
in a patriotic manner. and had gone
| 10 work TO prepare the measure 10
meet the treasury situation. He then
| launched into an explanation or the
cause of the existing weakness OF the
treasury. following closely the lines OF
his report of the bill.
Crisp. who followed Dingley. said the
| latter had asserted this extraordinary
bill had been precipitated upon the
country. In making this assertion
Dingiey had not observed his usual
care 1t was true. Crisp confessed. that
the daily receipts were smaller than
the daily expenses, but there was a
surplus In the vaults OF the treasury
| sufficient TO meet any probable DELI
| cheney three times over. IL was not a
| question Of borrowing money, but
question OF using assets. Crisp then
| proceeded TO argue that the Mckinley
| law had been responsible for whatever
deficiency there was.
DalzelI said the pending measure was
| not a republican tarir bill. IL correct
| ed none of the inequalities or the pres
ent law. II was an emergency meas
| ure formulated under whip and spur OF
| pressing necessity. and history would
record IL 10 be a conspicuous tribute TO
| the patriotism OF the republican party.
which had risen above party lines TO
| respond to the summons OF a demo-
cratic president
| nounced the attempt TO pass general
| tariff bill.
| Dockery declared that the adverse
| business conditions that obtained un-
| der the Mckinley law In 1888 had caus-
| ed the overthrow OF the republican
party In the fall of that year. These
adverse conditions. he asserted. COM
pelied the secretary of the treasury.
| Foster, 10 use $4,000. 900 OF trust funds.
Even with the use OF that money ne
| insisted the treasury was on the
threshold of a bond issue when Cieve-
land was inaugurated. He produced
somethIng OF a sensation by holding up
/ and reading Secretary Fosters original
order 10 the chief OF the bureau OF en-
| craving and printing 10 prepare with
all haste" plates for bond issue.
| Dolliver closed the debate Tor the
majority. His speech was a most elo-
ouent effort As he spoke republicans
/ crowded about him and there was
much applause and enthusiasm Dol
| liver took his seat and the BILL was
upon its passage. the vote being taken
by yeas and nays. II was passed. 2os
| 10 81.
The republicans all voted for the bill
except Hartman OF Montana. who did
| not vote, and democrats and populists
| against Il, save Newlands. populist
| Nevada, who voted In favor OF the
/ measure. The house then. az 5:3s
| O'Clock. adjourned
There may be an important change
made by the ways and means commit
tee in the bond bill before the scheme
is brought before the house tomorrow
Considerable dissatisfaction has arisen
among the republicans since the text
of the bin was made public. dissenters
asserting II could be used by the hostile