The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-26

and limitations thereof. in addition 10 the ad
valorem duty imposed on such articles by said
act, which became law August 81, 1894.
Sec. 8. That from and after the passage OF
this act and until August l, 1898, there shall
be levied, collected and paid all imported
lumber and other articles designated in para
graphs GA to $50 inclusive OF an act entitled
can act to reduce taxation, TO provide revenue
for the Government. and for other purposes"
which became a law August y, 1894, duty
equivalent to 60 per cent OF the duty imposed
on each of such articles by an act entitled "An
act to reduce the revenue and equallze duties
on imports and for other purposes" approved
October !, 1890, and subject to all the condl-
tions and limitations of said last named act;
but pulp wood shall be classified as round I'M
manufactured timber exempt from duty; pro-
vided, that IN case any foreign country shall
impose an import duty upon pine, spruce, elm
or other logs, or upon stavebolts, single
wood, pulpwood or heading-blocks, exported
to the United States from such country, then
the duty upon the lumber and other articles
mentioned in said paragraphs GA to 6S3 in
elusive, when imported from such country,
shall be the same as fixed by the law in force
prior to October /, 1890.
Sec. i. That on and after the passage of this
act and until August 1, 1898, there shall be
levied, collected and paid on all the imported
}
G. H, l. j. X, L. NJ and N, of an act entitled
can act to reduce taxation, to provide revenue
for the Government and for other purposes"
which became law August q, 1894, duty
equivalent TO 10 percentum of the duty i'm
posed on each OF said articles by existing law
in addition to the duty provided by said act OF
August o. 1894; provided, that the additional
duties imposed by this section shall not in any
case increase the rate of duty in any article
beyond the rate imposed thereon by the said
act OF October /, 1890, but in such case the
duty shall be the same as was imposed by said
act; and provided further, that where the
present rate of duty on any article is higher
than was fixed by said last-named act, the rate
OF duty thereon shall not be further increased
by this section, but shall remain as provided
by exiting law.
The full text of the financial bill, which
is also to be reported tomorrow, is as fol-
lows:
bill to maintain and protect the coin re-
demptioni fund, and to authorize the issue of
certificates OF Indebtedness to meet temporary
deficiencies OF revenue:
Be it enacted, etc.
That in addition 10 the authority given to
the Secretary of the Treasury by the act ap-
proved January IA, 1875, entitled Gan act to
ments," he is authorized from time to time, at
his discretion to issue, sell, and dispose of, at
not less than par, coin, coupon or registered
bonds of the United States, to an amount suffi-
Gent for the object stated in this section,
bearing not to exceed per cent interest per
annum, payable semi-annually, and redeem
able at the pleasure of the United States in
coin after five years from their date, with like
qualities, privileges and exemptions, pro-
vided in said act for the bonds there
in authorized. And the Secretary of
the Treasury shall use the proceeds
thereof for the redemption of the United
States legal tender notes, and for no other pur-
pose. Whenever the Secretary OF the Treasury
shall offer any of the bonds authorized for sale
by this act, or by the resumption act of 1875,
he shall advertise the same and authorize sub
scriptions therefor to be made at the Treas
ury Depar tment and at the sub-treasuries and
Repositories of the United States.
Sec. 2. That to provide for any temporary
deficiency now existing or which may here
after occur, the Secretary of the Treasury is
hereby authorized at his discretion to issue
certificates of indebtedness of the United
States to an amount not exceeding $50, 0OO,-
600, payable in three years after their date TO
the bearer in lawful money of the United
States of the denomination of $50, or null
tiples thereof with annual coupons of interest
at the rate of per cent per annum, and to
sell and dispose of the same for not less than
an equal amount of lawful money of the
United States at the Treasury Department and
at the sub-treasuries and designated deposi-
tories of the United States, and at such post
Offices as he may Select. And such certificates
shall have those like qualities, privileges and
exemptions provided in said resumption act
for the bonds therein authorized. And the pro-
ceeds thereof shall be used for the purpose
prescribed in this section, and for no other.
The committee adjourned at /: 20 P. NJ