Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-12-28
Methods Proposed by the House
to Hell the Treasury
TWO BILLS ARE FORMULATED
One Is Designated as "a Temporary
Revenue Bill" and Means More
Import Duties.

Washington. Dec. 23-The house re-
publicans will introduce on the day at
ter Christmas and pass within the week
two bills in response to President CleVe-
lands message of appeal for help for
the trea Sury. One of these Will be
tariff bill to increase the revenue, the
other a financial plan to maintain the
gold reserve and prevent alleged exist
ing trouble with greenbacks.
This party plan has been perfected by
two meetings of republican members OF
the ways and means committee, the first
held Saturday night with the co-Opera-
ton Of Speaker Reed and other leaders,
the second this afternoon Although
strong efforts were made to preserve Sc
crecy concerning the details of the plan,
its features have been obtained by the
Associated Press from unquestionable
authority.
The tariff bill will be entitled "A bill
to increase the revenues and to prevent
deficits in the treasury" and will go in
to effect when signed by the president
0f he signs IT'D and will remain in effect
until August l, 1898, when, by its pro-
visions, its operations will cease. Its
items follows:
A duty on wool of so per cent of the
Mckinley law rate. A compensatory
duty on wooden goods of 60 per cent of
the Mckinley act rates. duty of 90
per cent Of the rate of 1890 on lumber,
which will be from 10 to Is per cent ad
valorem. An increase of 20 per cent
from the Wilson-Gorman act on the
rates on cereal breadstuffs, dairy prod
ucts and live stock, including poultry.
to1 nf
the Wilson German bill on all other
schedules with the provision that in no
case shall the duty exceed the McKin-
ley rates except where the Wilson-Gor-
man rates exceed those of the Mckinley
law.
BOND ISSUES.
The second bill will provide for two
issues Of bonds. The first will be an un-
limited amount of per cent five-year
coin bonds to protect the gold reserve,
with the provision that the currency re-
deemed by the proceeds shall not be
paid out for current deficits in the reve-
nue. unless the expenses of the govern
ment are in excess of the revenues
(Which it is expected they will not be if
the first bill is in operation).
In addition, the second bill will pro-
y
certificates of indebtedness not to ex-
oeed $50, 600, 900 in amount and to be dis
posed Of at the discretion of the secre-
tary Of the treasury to meet current def
icits In the revenue.
These are to be offered for sale in the
sub-treasuries and repositories of the
government. 1t is expected that there
may also be added to this bill a plan to
increase the currency by authorizing
national banks to issue circulation to
the par value of all the government
bonds deposited by them with the gov
eminent as security for their notes.
MAY PASS BOTH HOUSES.
The plan outlined above was not
agreed to without much reconciliation
of differences and compromises, but the
leaders are assured that the bills will
pass the house without material op-
position, having made thorough can
vass by state delegations and there are
strong hopes that the senate will act
upon them favorably.
Several western free silver republi-
cans held a conference during the day
and decided to oppose any bill contain.
ing bond features. Their votes will be
cast against the bond bill, but it is ex
pected that 1T will receive enough vote.
from the democratic side to Offset the
republican detection. On the othel
hand, the tariff bill probably will b.
passed by a strict party vote.
BY the same division the house re
publicans hold some hopes that thei
plan can carry in the senate, musterin.
all OF the republican and two populis