Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1895-12-26
HERE Is THE TEXT
OF the Two Bills Expected to
Relieve the Treasury.
PRESENTED TO THE HOUSE TODAY

IN, .I..wfuI Moosy--Aae,s.a "A . u..e.
Ing of the Ways asd Meas. Cowm,,ss. by
4. strict Party yoe,. p.m..r.,. M.,,,. :.
ssr,k. Out Each s.cs,o. :. R..a-A,,..
menss Of Friends ana ro.s
w,su,,,r, ~ m
-. n,,,s -. -", ."o ie.e
r.. 81. T,.. = ., "'
,.rd ~ ~
,ow.. g.. -, 80 %
~. ..,,. ,o.,. "''''.' , . p..' .,
a.. y .'a
' VI
4" en"c'su' etc.' Ahae ih aooition 10
tine nuthority given 10 the secretary of the
treasury by the act approved Jan. IA, 1875,
TITLED An net to provide for the resump-
ton of specis payruents.' he ia sutI,or.
lied from tim. tn tim. At bis dis.r..,or
a, issu. s.,I and 5,s,o,, % :, 80, To-, .h.'
' - 80 ny ..'s '"""
P"' :" oo''' 'oupo" VI f's'ssereu pohus
oi the United states 10 an amount suffi-
cicnt for the object stated In this section,
bearing not to exceed 8 per centum inter.
est per annun,. PAYABLE semi.annuallv-
and rot,cemablc Mt the plensure of tho
limited States in .coin, .,,,, a.. -.
e., ,t.,. a.. IL. ,,,
,,... '"., me-, .".s, Win iiAe qusI.ies, PRIV,
p,on. pro.'uou IN sa'"
nc' .or tne oonds therein authorized.
And the secretary OF the treasury shall
use the proceeds thereof for the redemp.
ton Of United States legal tender notes
and for no other purpose Whenevcr tho
.ccr.t,rv NJ tho ,r,,,.,,-v sb.,, otr.. -
the hond. .,,ho.,.., o.. n.,. -, 81. . "
4. 'o ~ '''' s''s,
o '"p'''" OCT Vi io'o' he snaiA
""'er'ise the saHe anu authorize sub
s'r'p,iohs theriorc To be made at the treos-
ury department ana nc the suD-treasurles
and designated repositories Of the United
States.
bonds To Mako both Ends Meet.
section :. That to provide for any
temporary deficiency now existing, Or
which may hereafter occur. the secretary
OF the treasury Is hereby authorized, at
ms aiscretion, to issue certificates OF In.
uepteuness OF the United states to an
amount not exceeding $SoUOO,UJO. payable
IN three years after their date to the bearer
In iawfui money OF tho United States,' Of
thc denomination OF 40 or multiples
thercof. with annual coupons f'r interest
at the rate OF = per ccntuni per annum;
anu To sell and dispose OF the same for
not less than an equal amount OF lawful
money Oh the United States at tn, treas
ury department snd Mt the sub-treasurics
nnd designated repositories OF the United
statcs' anu Mt such postoiiices ms he may
select' Ana such certificates shall have
Ike qualities, privileges aud exemptions
PROVIDED In said resumption act for the
ponds therein authorized. And the pro-
txurR Rrs
prescribed In this section and for no other.
Wool Schedule L. BiIl No. ..
Tho second bill Is designated No. = and
entitled IA bill to temporarily increase
revenue to meet the expenses Of the gov.
crnmcnt and provide against deficiency"
IL IL as follows:
'Bc It enacted, etc: That from and
after the passage Of this net, and until
Aug I, 1893, there shall bc levied, col
lcctcd, and paid on all imported woods Of
classes one and two as defined in the net
hereinafter cited, approved Oct. l, 1890.
and subject to all the conditions and limi.
tations thereof; and ON all hair OF the
camel, goat, alpaca. nnd other animals,
except rs hereinafter proved; and on all
noils, shoddy, garnettcd waste, top waste,
siubbing wate. rowing waste, ring waste.
yarn waste, and all other wastes composed
wholly or In part NJ wool; and ON WOODEN
rags, mungo and fiocks, duty equivalent
tn 10 per ccntum o. the duty imposed on
each Of such articles by an act entitled
An act to reduce the revenue and caualize
duties ON imports and for other purnos..s
approved Oct. 1, 1890. and subject To ali
the conditions and Limitations OF s,id act.
and ON all woods and Russian cau,el.' hair
Of class three, as defined in said act ap.
proved Oct. I, 1870. and subject to all the
conditions and limitations thereof Their,
shall be levied, collected and paid the sew.
cral duties provided by the said act np.
proved Oct /, Isgl.
And paragraph e7p Of schedule X. and
also paragraph us5 in the free list. in an
act entitled An act to reduce taxation, to
provide revenue for the government. and
Tor other purposcs,' which became n law
Aug. %. 1894. are hereby SUSPENDED until
Aug. /. ises.
Change in the rns on woo,cos.
section s-lhat from ana after the
therc shall bc levied, collected and paid on
all imported articles male in whole or in
.fssl nr hos AL