The Wilmington daily Republican., 1895-12-24
TO HELP THE TREASURY.
Two Bills Framed by the Ways
and Means Committee.
70 INCREASE THE TARIFF RATES

a Horizontal Increase on All Schedule
with Special Increases on Wool. Lumber
and Other Articies-The Second BIIl Pro,
viIes for Two Short Term Bond Issues.
WASHESGToN Dec ei--The house Re.
publicans will introduce on the day afte,
Christmas and pass within the week twa
bills In response to President Cleveland
message Of appeal for help for the treas.
ury. One Of these two will be tariff bill
to increase the revenue, and the other a
financial plan to maintain the gold re-
serve and prevent alleged existing troubls
with the greenbacks
The tariff bill will be entitled "A bill ia
Increase tho revenues and 10 prevent de.
flcits," will go into effect when signed by
the president, If he signs it, and will re-
main In effect until Aug |, 1895 when by
Its provisions its operation will cease
Its item follow; A duty on wool of GO
per cent. of tho Mckinley act rates. A
compensatory duty on wooden goods OF 60
per oent. Of the Mckinley act rates. A duty
OF 90 per cent. OF the rate of 1890 on lumber,
which will be from 10 to 10 per cent, ad
valorem. An Increase Of 25 per cent. from
the WILSON, German act rates on cereal
breadstuifs dairy products and live stock,
including poultry. A horizontal increase
OF Is per cent. from tho Wilson German
rates on all other schedules, with the pro-
Vision that in no case shall the duty exceed
those of the Mckinley law
The second bill will provide for two is
sues Of bonds. The first will be an un.
limited amount of 3Per cent. five year
coin bonds to protect the gold reserve.
win the provision that the currency re-
Unnp,,l hx, d., Ill l.
out for current deficits in the revenues un.
less the expenses of the government are in
excess of the revenues (Which, it is ex-
pected they will not be if the first bill is
In opcration).
The second bill will also provide for one
year per cont treasury certificates, not to
exceed s61.09o,o0O in amount, and to be
disposed of at the discretion of the secre.
tary of the treasury to meet current de
hcits IN the revenue. These are to lie of.
fered for sale at the sub treasures aud do
positories of the government
1t 10 possible, also, that there may be
added TO this bill a plan to increase the
currency by authorizing national banks to
issue circulation to the aar value OF all the
government bonds deposited by them with
the government as security for their notes
The plan outlined above was not agreed
upon without much reconciliation OF diff
ferenccs and compl omiscs, but the leaders
are assured that both bills will pass the
house without material opposition, hay
ing mado thorough canvass by state
delegations, and there are strong hopes
that the senate will act upon them favor
ably. Several western free silver Repub.
licans held a conference yesterday and de.
clded to oppose new bill containing
bond features. Their votes will be cast
against the bond bill but it Is expected
that it will draw enough votes from the
Democratic side to Offset the Republican
detection. On tho other hand the tariff
bill probably will be passed by a strict
party vote.
By the same division tho house Rep,rb.
licans hold some hopes that their plan can
carry In the senate, mastering all of the
Republican and two Populist votes for the
tariff bill and combination of Ropubli-
cans and Democrats for the bond bill. so
the supposed free silver majority of the
senate makes the success of the second bill
much more doubtful.
To all of the members who went to him
yesterday to secure consideration for the
particular interests of their constituents
Chairman Dingley, of the ways and means
committee, replied that the bill under con-
sideration was not n tariff, bill but o tenn
porary revenue bill Tho same argument
has boen used in committee with those
memhars who opposed the horizontal raise
OF 10 per cent. on the ground that it was
opposed to the protection theory.
How much debate will be allowed has
not been decided, but not more th an
two days ut most is planned The bill will
be laid before the Democratic members of
the committee Thursday morning and be
introduced in the house that day with
rule to limit debate and to bring vote
not later than Friday night.