The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-12-26

Chairman DingleyHas Them Ready
for Action by Congress,
THE DEBATE Is TO BE LIMITED.

Both Bills, I. Is Expected, VIII Have
Passed the Lower House by Tomorrow
Evening Democratic Members of the
Committee Vote Against Them.
WAsHtNGToN Dec. 26.-The house ways
and means committee devoted several
b rs of Christmas to final consideration
of the two revenue bills which were pre-
sented to the huu5a today Printed copies
of the bills were laid before the full com
mittee, the plan being announced to the
Democratic members for the first time al
though they We're familiar with the details.
The bills were formally adopted as COM
mittec measures, motions to lay them on
the table being ovcrrulod by party votes
Each bill was read by sections and mo-
tions were made by the Democrats to
strike ont each section, which, of course
failed to carry 1t was voted to give today
to the consideration Of the tariff bill By
the house and tomorrow TO the bond bill
with a vote on each at the end of the days
debate upon it, The Democrats endeav-
Ored to secure three days debate; to gain
a postponemcnt of two or three days in
which to study the probable effects of the
measures if enacted; also to have the
bond bill debated before the tariff bill,
but the Republicans adhered to their orig
inal arrangements.
Mr. Dingley stated to the committee
| that the bills were not framed as a Re
publican measure, but as one calculated to-
save the credit of the government, which,
according to the presidents message and
to personal communications made by Sec
retary Carlisle to members, was endan-
gered Thecondition Of the treasury from
. ttf .1.,l
diate action, and the Republicans had pre-
/ pared emergency bills ON lines which
seemed most CXpedicnt
| Mr. Diugley laid particular stress on the
assertion that the first bill did not consti-
tuUe, and was not intended for II revision
of the tariff. Consequently there was no
necessity for a long discussion of the bill.
The Wilson act had been taken as the
basis for the tariff bill. An estimate of the
probable increase of revenue to be derived
from the tariff bill had been made, based
on importations under the Wilson act in
1894. This showed a probable increased
revenue of $40 OO0O,0J0 which about
equalled the deficit of the past year. 1t
was estimated that Sl2, 100000 would be
derived from the increase on raw wool,
/ $14,0O0,0OO from manufactured wools and
| Sl4,O0O,OOO from the 10 per cent. horizontal
advance on other schedules.
The Republicans had waived their pro
/ lection principles for the time in prepar-
| ing these bills, Mr.. Dingley said $50 they
hoped that President Cleveland would
waive any antagonistic views that he
might hold and sign the bills"
One of the Democrats asked why the
Republicans had not gone to the full eX
tent of the Mckinley bill, to which Mr.
Dingley replied that they would do so if
they had the power.
The Democrats on their part contended
that the effect of the bond scheme would
/ be to retire the greenbacks by holding them
| in the treasury, and said the Republicans
| proposed to do indirectly just what the
president had recommended and what
they (the Republcans) denounced. The
tariff bill, they claimed was a strictly Re
publican measure, and a measure for which
President Cleveland had not asked
Mr.. McMillin asserted that there was no
need for additional revenue, as the treas
ury statement showed q cash balance of
| S17O, 1000
Mr.. Dingley replied that S7OOOO,OOO of
this was in greenbacks, which had not
come in as revenue, but had been re
deemed by gold, The Republican plan
| would provide for the expenses of the gov
ernment without encroaching on the gold
reserve or employing redeemed greenbacks.
Amendments We're offered by Mr.. Tur-
ner to strike out the second section of the
bond bill, providing for treasury certif-
Gates of Indebtedness, and by Mr.. McNIil-
lin to make these certificates subject to
taxation, as are greenbacks and other cur
rency. Both were lost, but Mr.. Tarsney
voted with the Republicans against Mr..
Turner's amendment.
Chairman Dingley made the following
statement last night:
"phe revenue bill is not intended to be u
tariff revision, but simply an exigency
bill to raise about $40, ,OOO, 900 of revenue to
meet the deficiency. The main object is
revenue, although incidentally the in
creases will help American industries to
some extent. The bill is limited to two
and half years, the expectation being
that by that time the Republicans will be
in full power and able to revise the tariff
on their own lines
"The bond bill gives the secretary of the
treasury authority to issue a 3 per cent.
five year coin bond to maintain the re
dempton fund, in addition to the author
ity he now Possesses, but provides that the
proceeds Of all bonds sold under this act and
under the resumption act shall be used
only for redemption purposes 1t also pro
vides that all bonds shall be first offered
to the people of this country The bill also
authorizes certificates of Indebtedness,
bearing per cent interest, and payable
within three years, TO be issued, to meet
any temporary deficiency of revenue. The
only object of the bond bill is to reduce
the rate Of interest and the time to run, as
the bonds which the secretary is now au-
thorizcd to issue bear or per 3ut. in
/ teresu. ."