Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-24
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TARIFF INCREASE.

Washington, Dec. 23.--The house Re-
publicars will introduce ON the day |
after Christmas end pass within the
week two bills in response to President |
Clevelands message OF appeal for help |
for the treasury. One of these two will
be tariff bill TO increase the revenue
the other a financial plan to maintain
the gold reserve and prevent alleged
existing trouble with the greenbacks.
This party plan has been perfected at
two meetings of the Republican MEM
bers OF the ways and means committee,
the first held Saturday night and the
second this afternoon. Although strong
efforts were made to preserve secrecy
concerning the details OF the plan It's
| features have been obtained by the As
ISOLATED Press from unquestioned auth
GRITTY.
The tariff bill will be entitled "a
bill to increase the revenues and TO
prevent deficits in the treasury and
| will 20 into effect when signed by the
president II he signs 1t, and VIII re-
! main in effect until August l. lssS when
| by it's provisions its operation VIII
cease. Its items follow:
| A duty on wool OF sixty percent OF
the Mckinley law rates.
| A compensatory duty on wooden
goods OF copper cent. of the Mckinley
| act rates.
A duty OF 60 per cent. OF the rate or
1890 ON lumber. which VIII be from ~
to 10 per cent. nd valorem.
An increase of % per cent. from the
Wilson, German act rates on cereal
| breadstuffs, dairy products ana i've
stock, including poultry.
An Increase of 10 per cent. from the
| WILSON, German rates on all otner
schedules with the provision that In no
case shall the the duty exceed the Nc
| Kinley rates except where the WILSON,
German rates exceed those OF the Nc
Kinley law.
The second bill will provide for two
issues of bonds. The first VIII be an
unlimited amount Of per cent. iVe-
year coin bonds. to protect the gold re-
serve with the provision that the cur
rency redeemed by the proceeds shall
not be paid out for current deficits In
the revenues unless the expenses OF
the government are in excess OF the
revenues, which II IL expected they
will not be II the first bill Is In opera
ton.
In addition the second bill will pro-
vide for one year per cent. treasury
checks of Indebtedness not to exceed
IS 900 900 in amount and 10 be disposed
| of at the discretion OF the secretary or
| the treasury 10 meet hfhNiNS ~
the revenue. These are to be offered for
sale Mt the sub-treasuries and deposit
tories of the government. IL Is posi-
BILE, also, that there may be added TO
this bill plan to increase the clrcull-
ton by authorizing national banks 10
issue circulation to the par value OF
all the government bonds deposited
by them with the government as Sc
curity for their notes.
Several Western free silver hepubii-
cans held a conference during the day
and decided ito oppose any bills con-
, tainlng bond features. Their vote VIII
he cast against the bond bill, but II If
expected that It will draw enough from
5 the Democratic side to Offset the Re
publican DETECTION.
: on the other hand the tariff bill pro-
: badly will be passed by strict party
vote.
BY the same division the house Re
Q publicans holds some ideas that ttheiI
I plan can carry in the senate muster
i ing all OF the Republicans and two
$ Populist votes for the tariff bill and O
0 combination OF Republicans and Dem
h ocrats for the bin, although the sup
: posed free silver majority OF the sen
ale makes the success of the secont
iii much more doubtful.
How much debate will be allowet
has not been decided. but not more
n than two days at most Is planned.
The bill viii be laid before the Dem
ooratic members of the committee
Thursday morning. and viii be intro
;, duced in the house that day with 1
y ruIe TO limit debate and 10 bring ,
= vote not later than Friday night
= The Defsocrats OF the house VIII op
=. pose unanimously, 80 far as can b.
- ascertained. the revenue bill which IN
L Republicans will bring In on Thursday
Roth the silver Republicans and I'll, @
Democrats assert that there IS NJ
necessity for an increase In the .'eve
m nucs as they claim that the available
cash in the treasury over and above tn
gold reserve Is amply sufficient to NEE
: any deficiency that may occur for IN
"a next two years, when they expect IL
> receipts from the present tarii
IL law to equal or to exceed tn
IL expenditures. Up 10 TINS pom
l. me Democrats seem to agree. AS =
IN authorization for coin bonds ire
dinfer. The gold men would be wlllinl
. 10 vote for bonds. preferably fol
bonds 10 fortify the reserve, but the,
noInt out that, In their opinion, n
bond issue will meet the situation
The trouble, they declare, Is the exist
snce Of the greenbacks which e1n b
nsed 10 pump gold out OF the treasur
and unless their redemption and retlre
q ment is provided for the gold purchaA.
with bonds would simply Increase ih
interest bearing debt without movin
Inc active agent for weakening NE y
serve. II IL not improbable that SON
az the Democrats VIII oner az sus
stitute a comprehensive plan ~ we :
tirement OF the gresnbaeks' inei ~ y,
authoriyation for an issue o. t5po-ooo.c'
IN bonds for that purpose ana 'Ls ~