Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-12-24
TARIFF And BONDS.
60, BIlls Agreed Oh 10 Response 10
CleYsland'S Message.
.,, 70 INCREASE Tue REVENUES
-, ara Providing for the Issue Of
Bonds-OpposIlIon 10 the
Former.

,v,sutSoroN, ID. c., Dec 28.-rhe
~, Republicans will Introduce on
h. - Christmas, and pass With
" ,ss week, two bills In response TO
\, e,.,,S,n, Cloveland's message OF ap-
-, belp for the trcstury. One Of
-. viii 10 q tariii I'LL to Increase the
s.,,.. the other a flnancial plan TO
s',,,.,p The gold reserve and prevent
.l,s,,d existing trouble with the grosn'
N. tariff bill will be entltlod "a
,un iperoaso tle revenues and to pre-
s,r, deficits In the treasury" and will
into effect when sigued by tho
s,.,,t,pt. u be figns u, and Will re-
~. I'M effect until August l, 1895,
m Nv iis pr0vifions iis operation
iite..ss. ia items follow:
duiy on wool VI 6O por cent Of the
MeKinloy-ac' rate.
A conservatory DUTY on wooden
,sol, Of 90 per ceus OF the MCKINLEY
duly Of 90 per cent Of the rate Of
isol on lumber, which viii be from 10
rtr cent ad valOTem.
An Increase VI 20 per cent from the
wI,op. tiofmAn-aot rates or cereal
s,e.i,lutis, dairy products and live
,loek, Including poultry.
A nod E0ntal increase OF 10 per cent
oilbs Wilson.GOrman bill on all other
,ehedules, with the provision that Ia
no case shall tho DUTY exceed tue
Mckinley rates, except where the
Wilsob.Gofmnn rates exceed those VI
ihsMokiplcy law.
Tbe second bill will provide for two
i,u.s of bonds. Tho first will DO an
unilnlied amount Of per cent Ave
y,sf coin bonds 10 protect the gold
reserve, with the provision that tho
currency redeemed by the proceeds
anal NOT be paid cut for current de.
aeis IA tue revenue unless the Ok
nsssoi the government are In excess
M The feyenutB (which n IL expected
they will moi DO " the nrst bill IN In
operauonl. In addition, the second
hin will provide for one-year 2 per cent
treasury certificates OF Indebtedness
moi 10 exceed $50, 0000,OO0 In amount,
and 10 be disposed OF al the discretion
Of tho secretary OF the treasury 10 meet
current deficits 10 the revenues.
These arc 10 be offered for sale In tho
,ub.lreAsufles hnd depositorios Of the
government. Itis expected there may
also 10 added to this bill plan 10 in-
titase the currency by authorizing
n.lloual banks 10 issue circulation
blhe par value OF all the government
ttnds deposited by them with the
government ~ security for their
notes.
WAsmISuTos, ID. O., Dec. "a
Tue Democrats Of the House will
oppose unAuimously, NJ far as can be
RsceftAlntd, the revenue bill which
the Republicans will bring la on
Thursday. Both the silver and anti.
silver Democrats assert that there Is
no necessity for an increase In the
revenues, a. they claim that the avail
able cash In the treasury over and
shove the gold reserve, Ia amply hui.
ncenl 10 meet any deiioiunces that may
occur for the next two yeRrF, when
they expect the receipts from the pres
ent lafln law 10 equal or exceed tho
expenditures. Up TO this point Demo-
Gratis tetm 10 agree. As 10 IN author
iiAtlon for coin bonds they differ. The
sold men would DO willing to vote Tor
tonisi preferably gold bondT, TO fortliy
The reserve, but they point out that u
itelf opinion no bond will meet the sit
uaion. The trouble they declare 10 the
ttislence OF the gteenbackV, which
can be used TO pump gold out OF tho
Neaiury, and unless their redemption
anu retirement Ia provided for the gold
Purchased with bonds would simply DO
70 Increase the inlorest.bearing debt
Without removing the active agent for
Weakening tue reserve. II IL not i'm.
l'ooahle that some Of tho Democrats
VIII ollar m u substitute compr0.
hea,lye plan for the retirement OF tue
gIsenbacks, including IN authorization
i9tan Issue Of $500, 900. 900 IN bonds for
nat purpose, aud the reduction Of the
laK on national bank circulation anu
Tue Increase Of currency 10 be Issued
On derosiis Of bonds from 90 10 100 per
cent This latter, they say, would
tuenginen tho national banding tys.
um and prevent contraction VI tue
currency.