Evening journal., 1895-12-24
TARIFF AND BOND BILLS
Republicans VIII Present Such
Measures In the House.
SPEAKER REEDS PLAN ADOPTED.
Committee on Foreign Rotations Consider
ing Important ouestions - Position OF
Democratic Members Probable Action
Of tho silver Mon.

Christmas and pass within a week two
bills In response to President Clevoland's
message Of appeal for help for tho troas.
ury. Ono Of these two will be a tariff bin
TO increase the revenue the other a flnan-
cial plan to maintain tho gold reserve and
prevent alleged existing trouble with
greenbacks.
This party plan has beon perfected by
two meetings OF the Republican mombers
of the ways and means committee
Although strong efforts were made to
preserve secrecy concerning the details Of
tho plnn its features have been obtained
from unquestionnblo authority.
The tariff bill will be entitled "A Bin
20 Increase the Revenues and 60 Prevent
Deficits In the Treasury and will go into
effect whom signed by the president, II he
signs Il, and will remain in effect until
Aug !, 1888, when by It's provisions its
operation will cease. It's itoms follow;
A duty on wool Of 60 per cent Of tho
Mckinley rates; a compensatory duty on
wooden goods of 90 per cent OF the Molkin-
Icy rates; a duty Of go per cont OF the rate
of 1890 on lumber which viii be from 10
to 10 per cent ad yalOrem an increase Of
20 per cent from the Wilson-Gorman act
rates on cereal brondstuifs, dairy products
and live stock, including poultry; hori-
zontal increase OF 10 per cent from the VIII
SON German rates on all other schedules,
with the provision that in no case shall
tho duty exceed the Mckinley rates, ex-
copt where the Wilson German rates ex-
oeod those Of the Mckinley law.
The Bond Scheme.
The second bill will provide for two is-
sues Of bonds. The first will bo an unlim-
tied amount of 3 per cent five year
coin bonds to protect the gold rosorvei
with the provision that the currency re-
deemed by the proceeds shall not be paid
out for current deficits. I'm tho revenues
unless tho expenses Of the government are
in excess of tho revenues, which, it is ex-
pootod, thoy will not be II the first bill Is
in operation.
In addition the second bill will provide
for one year per cent treasury certificates
of indebtedness not TO exceed $50, OOO 600
in amount and TO be disposed of at the
discretion OF the secretary Of the treasury
to moot current deiloits In the revenue
These are TO bo offered for sale at the sub.
treasures and repositories of the govern
ment.
1t IS possible also that there may be
added TO this bill plan to increase the
ISSUE circulation TO the par value of all
the government bonds deposited by thom
with the government as security for thoir
notes.
The plan outlined above was not agreed
upon without much reconciliation of DIFF
feronces and compromises but the leaders
arc assured that both bills will pass tho
house without material opposition, having
made a thorough canvass by state dolega-
tions and there are strong hopes that the
senate will act up0n thom fayorably.
Called a Temporary Revenue BILL
There have been conferences Of Ropub.
licans from both houses preliminary TO
the present plan, so that it Is not alto
aether the product of Speaker Reed
Among the rank and file Of house Repub-
leans thore is movement 60 hold a caucus
Thursday morning TO pass upon the bills
but the lenders look upon the caucus with
dlstrust, for there combinations may be
formed to change tho tariff features and
onco the special interests find the doors to
tariff changes open much time IS likely TO
be consumed.
To all OF the members who have come
TO him TO secure consideration for tho par
ticular interests Of their constituents
Chairman Dingley has replied that the
bill under consideration was not tariff
bin, hut temporary revenue bill.
Tho Same argument has been used in
committed with those members who OPP
posed the horizontal raise of 10 per cent
on the ground that II was opposed TO the
protection theory.
Tho advance on live stock and cereal
broadstuifs was secured by tho efforts Of
memhors from tho northwest and Is in
tended in part as reply, snid one COM
mittooman, 20 the charge that Republican
tariff measures favored the manufacturer
rather than tho farmor
How much debate will bo allowed has
not boon decided, but not moro than two
days at most IS planned. Tho bin will
be laid before tho Democratic memhors Of
the committee on Thursday morning and
bo introduced I'm the house that day, with
rule to limit debate and TO bring a vote
not later than Friday night On this
point the romark IS attributed 10 Speaker
Reed, "This house Is no debating school, ="
and arguments for longer debate will
meet with the response that tho bills are
emergency bills, which should BIO passed
at once II at all.
As to Foreign Relations.
Chairman Hit OF foreign affairs, which
seems likely TO be the most important
house committee OF this congress next TO
tho ways and moans says that he will
call a moetlng for an carly day. Tho Ven
ezuela- British Guiana boundary question
IS at present out of the province Of the
committee. because congress has delegated
| its consideration to President Cleveland
and his commission 20 be appointed. So
far as known the matter viii not come be-
fore congress again until tho report of
that commission Is made or unless the
president should call the attention of con-
/ gress TO some new phase OF tho dispute.
But there are several other international
/ questions that the the committee shall
soon have Co deal with, and some of them
arc so conspicuous in interest that its ac
tion will provo Of great Importance.
Foremost among these is the movement
by tho Cuban Insurgents and their Amer.
lean supporters to secure recognition of
their status as bolligeronts. Even il il
was disposed TO postpone this delicate
| question. and no such disposition Is mani.
fest, &c viii DO difficult TO Ignore 81 for sey.
cral rOasons, and great number Of pcti.
tions have already been referred 90 the
committee. Chairman HIT says that thi.
VIII bo one of the first matters 10 BIO tax