The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1895-12-24
TO RELIEVE THE TREASURY
Republicans Will Present Two
Plans After Christmas.
One Will be Tariff Bill and the other q
Plan to Maintain the Gold Reserve
and Prevent Alleged Trouble With
Greenbacks-Both VIII Pass tho House.
The Senate Doubtful.

The Senate Doubtful.
WAsHfNaToN, Dec. 23.-The House
Republicans will introduce on the day
after Christmas and pass within the
week two bills in response to President
Cleveland's message Of appeal for help
for the Treasury. One OF these two
will be tariff bill to increase the rev.
enoe, the other financial plan to
maintain the gold reserve and prevent
alleged existing trouble with the
greenbacks.
This party plan has been perfected by
two meetings OF the Republican mem
bers OF the ways and means committees;
the first WAS held Saturday night, with
the co operation OF Speaker Reed and
otLer laeders, the second this afternoon,
Although efforts were made to preserve
secrecy concerning the details of the
plan, IT'D features have been obtained by
the Associated Press from good au-
thorisy.
Che tariff bill will be entitled, "a
nitl to increase the revenues and to pre-
veht deficits in the Treasury" and will
goEtnto effect when signed by the Presi.
dent.
Its Items are as follows:
A duty on wool OF sixty per cent? Of
the Mckinley low rates.
a compensatory duty on WOODEN goods
OF sixty per cens. OF the Mckinley act
rates.
A duty Of sixty per cent. Of the rate of
1890 on lumber, which will be from ten
10 hfteen per cent. ad valorem.
An increase of twenty-five per cent.
from the wilson German act rates on
cereal bread stuffs, dairy products and
live stock, including poultry.
An increase OF fifteen per cent. from
the wilson German rates on all other
schedules, with the provision tn ct in no
case shall the duty exceed the McKtn-
ley rates, except where the Wilson.
German rates exceed the Mckinley law.
Tn second bill will provide for two
tssnea of bonds; the fret would be an
amount OF per cent. five year coin
bonds to protects the gold reserve, with
the provision that the currency re-
deemed by the proceeds shall not be
paid out for current deficits in the
| revenues unless the expenses of the
doyernment are In excess of revenues
which, 1t Is expected they will not be,
II the first bill ia in operation.
In addition the second bill will pro-
4 e..
urS certificates of indebtedness, not to
| excsed $50, 000,0 In amount, and to be-
| disposed OF at the discretion of the
| Treasury to meet current deficits in
| revenue. These are to be offered for
sale at the sub-treasuries and deposi-
| taries of the Government.
1t Is also said that there may possibly
be added to the bill a plan to increase
the currency by authorizing national
banks to Issue circulation TO the par
value OF oil uhe government bonds de-
posted by them with the government
as security for their notes.
The plan outlined was not agreed
upon without considerable debate, but
the leaders are assured that both bills
will pass the House without material
opposition, thorough canvass being
made by State delegations, and there
are strong hopes that the Senate will
act upon them promptly. Saturdays
meeting showed large percentage in
favor OF the plan.
Several Western free silver Republi-
cans held conference during the dav
and decided to oppose any bill contain.
Ing bond features. Their votes will be
cast against the bond bill, but 1t is ex-
pected that it will draw enough votes
from the Democratic side to offaet the
uSuClenCy. On the other hand the
tariff bill will probably be passed by a
strict party vote.
By the same division the House Re-
publicans held some hopes that their
plan can carry the Senate, mastering
sll the Republican and two Populist
votes for the tariff bill, and combins-
ton OF Republicans and Democrats for
the bond bill. although the supposed
free silver majority Of she Senate makes
the success of the second bill much
more doubtful.
There have been conferences of Re-
publicans OF both houses preliminary to
she present plan and caucus will be held
Thursday when much tune is likely to
be consumed. The advance on live stock
and cereal breadstuffs was secured by
the efforts of mem bers from the North
west, and is intended in part as q reply,
said one committeeman, to the charge
that Republican tariff favored the mo-
nopoltes rather than the farmers.
How much debate will be allowed has
not been decided, but not more than
two days at most is planned.
The bill will be laid before the DEM
ocratic members Thursday morning,
and introduced In the House on that
day with 6 limited debate. on the
ground that the bills are emergency
bills. that cannot he delaved