The daily morning journal and courier., 1895-12-25
A PURE REVENUE MEASURE
THERE HAS BEEN NO ATTEMPT AT TARIFF RETISION.


 the Previous Day-The Bond Bill Has Been Completed.
 Washington, Dec. 24,-"Let the coun- try understand" said a leading re- publican member of the ways and means committee to-day, that the bill we shall present to the house on Thurs day is a pure revenue measure, hur- liedly prepared to meet an exigency in our national finances and in response to the presidents plea that some meas ure for relief must be afforded by con- gress. There has been no attempt at tariff revision. Our measure is purely Q revenue measure"
 The correctness of the declaration was shown by the action of the commit tee to-day in declining to hear Judge William Lawrence of Ohio, president of the National Wool Growers asso- citation, who desired to be heard in SUD- port of a higher rate on wool than that previously agreed upon. Repeated applications have been made to the committee in its collective and indi- vidual capacity from eastern manufac- turers who have deprecated nasty ac- tion in the preparation of the bill that "a postponement in its preparation be had until their arguments could be pre- sented. To all these applications the committee have turned deaf ear and Al, Il, .,,;l II s1: tion presented as the result of the committees labors uninfluenced by out side considerations.
 At this afternoon session several changes were made in the rates agreed upon yesterday. When adjournment was had the framework had been com pleted and nothing remained but to put it proper form. Yesterday it was de- cided that farm products, including live stock, should enjoy a 25 per cent. horizontal increase over the present law became of the ruinous competition which the granger element along the northern frontier claimed to suffer from their Canadian neighbors across the line. This led some the of the east ern members to-day to ask a corre-
 
 iron and steel. This precipitated a spirited discussion in which the com 1nittee divided, practically on. geographi- cal lines the western men strongly op- posing higher rate than 15 per cent After some debate an agreement was reached that the agricultural schedule should be placed in the same category as the other schedules, namely, at a 15 per cent. horizontal increase. This was the only serious difference of the day andit was speedily settled
 The sugar schedule alone is exempted from change. It was deemed mex pedient to include sugar in the hori- zontal increase, owing to the embar- rassments which might arise from in creasing the differential duty on refined sugars.
 The most important change made at to-day'S session was that. relating to carpet wools, which in the new bill will be restored to the Mckinley rate. On all other wools the duty as stated in last nights dispatches will be 50 per cent. of that of the Mckinley law with the compensatory duty on the manufactured product also 50 per cent. Ol IudJ Ol lIle pIGN1OuS ldW. He uuly on all grades of lumber will be placed at 50 per cent of that of the Mckinley Jaw.
 The bond bill was completed to-day and will be sent together to the print ing office. Both it and the revenue bill will be laid before the full committee at Il tomorrow morning. When the committee adjourns the democrats will hold a secret session, at which they will decide upon the policy to be pur- sued by them when the two measures are called up in the house Both bills as reported will be presented to the house on Thursday. The committee on rules will report and pass through the house a resolution setting aside Thursday for consideration of the tariff bill and Friday for the bond measure. This latter bill is understood to have the approval of Secretary Carlisle.
 This encourages the republican lead CTS to believe that it may pass the senate notwithstanding the preponder- ance of free silver sentiment in that body. With the president favorable to the proposition it is believed the whole power of the administration will be eX- erted upon certain of the democratic senators from the south with a possi- bility that a sufficient number may be secured to join the sound money repub- licans and pass the measure.
 The bond bill is simple in its details. Tt provides for the issuance of bonds, interest and principal payable in. coin and redeemable at the option of the government at the end of five years. It changes the rate of interest provided in the act of 1875, under which bonds are now issued to three per cent, whicN is the rate of interest that the $50, 900, 900 coupon certificates of indebtedness, which will be used only to meet the deficit in the treasury, will also bear. No provision is made in the bond bill regarding the legal tender notes. The bill by simply separating the redemp- tion fund from the general assets puts it in the power of the secretary tenn porarily to isolate the legal tenders when redeemed.
 The two bills will go into effect upon their passage and remain in operation until August 1, 1898.
 Much Damage By Wind.
 Sherman, Tex, Dec. 24.-Last nights