The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-12-31
no MEEr THE EmERaENoY.
The Republicans Report Bond and
Tariff Bills for tho Relief OF tho
Treasury.

(, The Republicans Report Bond ant
Tariff Bills for tho Relief of tn,
Treasury.
The Democrats wanted the ways ant
means committee to postpone actor
/ on the tariff and bond bills, but the
republicans ordered them to be re-
ported by strict party vote.
All the members OF the committee
except Mr.. Grosvenor, of Ohio, and
MIR. McLaarin, of South Carolina, were
In attendance. The session lasted two
and q half hours. The Democrats
made q general protest against both
measures. The tariff bill was first
considered. AS each section was read
Mr.. Turner, of Georgia, moved to
strike 1t out, the Democrats voting
In the affirmative and the Republicans
In opposition. Mr.. McMillin, of Ten
nessee, then entered an earnest plea
for more time in which to consider
both bills. He argued that this being
holiday the departments we're closed;
that 1T would be impossible to secure
from the treasury department. before
Thursday the data necessary to sup
port the Democratic contention, and
closed with motion that further re-
consideration of the measure in COM
mlttee be postponed two days.
This motion was defeated, as was
also his motion for twenty-four hours
delay. After this, discussion, for q
while, became general. The Demo.
Gratis contended that the treasury now
contained cash balance of $170, ,OOO,-
OOO; that this was ample to meet any
deficiencies which might arise for
several years that the receipts before
the close OF the fiscal year would equal
expenditures, and that no tariff legis-
lation was necessary.
To this Chairman Dingley responded
with a general disclaimer. He stated
that $70,000,000 of the amount was in
greenbacks, which has not been re-
ceived as revenues, but which were
redeemed with gold, and that they be-
longed practically to the redemption
fund. They were part, really. Of the
cash balance, and ought not to be used
for current expenses. He showed
that the greenbacks were used as an
endless chain" to draw gold from
the Treasury, and approved the policy
of the Secretary in looking them up.
The purpose OF the tariff bill, Mr..
Dingley continued, was to furnish the
money needed for the expenses of the
Government without trenching on the
gold reserve, or the greenbacks which
had been redeemed in gold. He ad.
mitted that in Offering these revenue
measures the Republicans have
waived, for the moment, their protec-
tion principles and they made this con-
cession, hoping that the President
would be equally unselfish in. putting
his own objections behind him. Mr.. |
Dingley insisted that the bill was not
intended as a party measure. 1t was,
he explained, non-partisan Ill charac-
ter, and he hoped that it would poll
the full vote of Congress, in order to
save the credit of the government,
which, according to the Presidents
message, and disclosures made in pri-
vate by Secretary Carlisle, was in
great danger. The condition of the
Treasury, he insisted, demanded
prompt action. Every days delay
added to the embarrassment of the
1nasmuch as no re-
vision of the tariff was attempted in
the measure in question no discussion
In committee at this time was neces-
sary.
The Republicans, he said, in con-
clusion, had taken the tariff law of
for that year, the new
bill would add SAC, 1000, 900 annually to
The revenues. OF this sum $l2, 2,OOO,O 900
would be derived from duties on raw
wool, $l4 100000 on manufactures of
wool and Sd, 100000 additional from
the horizontal increase on the remain
ing schedules, except sugar, which
was not changed, and lumber, the duty
On which would be 60 per cent. of the |
tariff rate.
The first and only break in the Dem
ocratic column was the motion of Mr.. |
(D"m. of Ca to strike out the |
second section of the bond bill au-
thorizing the issuance of $4,000, 900 |
certificates of Indebtedness. On this |
motion Mr.. Tarsney (Dem. of Mo-
voted with the Republicans and the |
was lost.
Thereupon, Mr.. McMillin dem. of
Tenn.) offered an amendment that the |
issued should be subject to
taxation as are the greenbacks ana
other moneys, but this amendment was
also. rejected, the Republicans voting
against It,