The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-12-26

| came law Aug. ~, 1871, are ueTeDy SuS-
pended until Aug. ]. 1885,
Section THAT from and after the pas
sage of this act and until Aug. l, lS9S, there
| shall be levied. collected, and paid on ;all
| imported articles made in whole or in part
of wool, worsted. or other materials de-
scribed in Section on this act, except as
hereinafter provided at 60 per centum of
the specific pound or square yard, duty
| imposed upon such articles by an act en-
| titled, IAN act to reduce the revenue and
| equalize duties on imports, and for other
| purposes, approved Oct. !, 1890 ana sub
ject to all the conditions and limita tons
| thereof. in addition TO the ad valorem
| duty now imposed on each of such articles
| by an act entitled IAN act to reduce taxa
tion to provide revenue for the govern
ment and for other purposes" which be-
| druggets, bookings, mats, rugs, screens.
covers, hassocks, beds. art squares. and
| other portions of carpets or carpeting.
| made in whole or in part of wool. the
specific square yard duty imposed on each
| of such articles by said act approved oct
|. 1880, and subject to all the conditions
| and limitations thereof. In addition to the
| ad valorem duty imposed on such articles
by said act, which became a law Aug. q,
| 1891.
Section 3-That from and after the pas
| sage of this act and until Aug. |, 1898, there
| shall be levied. collected and paid on all
imported lumber and other articles desig-
mated in paragraphs GA to 6S3. inclusive,
| of an act entitled IAN act to reduce taxa
tion. to provide revenue for the govern
ment. and for other purposes" which be-
| came law Aug. q, 1894. a 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 equalize
| duties on imports and for other .pur-
poses" approved Oct. /, 1890. and subject
to all the conditions and limitations of
said last named act: but pulp wood shall
be classified as round manufactured
timber exempt from duty: provided. that
in case any foreign country shall impose
an export duty upon pine, spruce, elm, or
other logs or upon stave bolts shingle
wood, pulp wood, or heading blocks ex-
ported to the United States from such
| country, then the duty upon the lumber
and other articles mentioned in said para
graphs 674 to S93 inclusive. when import
ed from such country. shall be the same as
fixed by the law in force prior to Oct. l,
1890.
Section 4.-That on and after the passage
of this act and until Aug. 1888. there shall
be levied, collected. and paid on all the
imported articles mentioned in schedules
A. Ii. c. d. +. G. II. |. ]. l., NJ, and N
of an act entitled, IAN act to reduce taxa
tion. to provide revenue for the govern
came law Aug. q, 1894. a duty equivalent
to 10 per cent,lm of the duty imposed on
each of said articles by existing law in
addition to the duty provided by said act
of Aug. 81 1891; provided. that the addi-
tional duties imposed by this section shall
not in any case increase the rate Of duty
on any article beyond the rate imposed
thereon by the said act of Oct. |. 1890, but
In such case the duty shall be the same
as was imposed by said act and provided
further. that whore the present rate of
duty on any article Is higher than was
fixed by said last named act. the rate of
duty thereon shall rot be further increased
by this section, but shall remain as pro-
vided by existing law.
The Financial Bill.
The full text Of the financial ILL., which
is also to be reported tomorrow, is as
follows:
A bill to maintain and protect the coin
redemption fund and to authorize the is
sue sue Of certificates Of indebtedness to meet
the temporary deficiencies of revenues.
Be 1t enacted, etc, that in addition to
the authority given to the secretary of
the treasury by the act approved Jan. II.
resumption Of specie payments, he is au-
thorized from time to time. at his discre-
tion. to issue. sell and dispose of. at not
less than par coin coupon or registered
bonds of the United States to an amount
sufficient for the object stated in this sec
ton. bearing not to exceed per centum
interest per annum. payable semi-annual-
ly and redeemable at the pleasure Of the
from their date. with like qualities. privi-
leges and exemptions provided in said
act for the bonds therein authorized. And
the secretary of the treasury shall use the
pTOCetuS lHtItti tHt Tpue11DtlOn OF Ine
United States legal tender notes, and for
no other purpose Whenever the secretary
Of the treasury shall offer any of the
bonds authorized for sale by this act or
by the resumption act of 1876 he shall
advertise the same and authorize subscrip-
tiOns therefor to be made at the treasury
department and at the sub-trea suries and
designated repositories of the United
States.
Section 2-That to provide for any tenn
porary deficiency now existing or which
may hereafter occur. the secretary of tine
treasury is hereby authorized. at his dis
cretion. to issue certificates of indebted
ness of the United States, to an amount
not exceeding S50O0O,O0O. payable in three
years after their date to the bearer in law
full money of the United States, Of the de-
nomination of $50, or multiples thereof
with annual coupons for interes. at the
rate of 3 per centum per annrm, and to
sell and dispose of the same for not less
than an equal amount Of lawful money
of the United tSates at the treasury de-
partmcnt and at the sub-treasuries. and
designated repositories of the United
States and at such postoffices as he may
select, and such certificates shall, have
like qualities. nrivileges and exemptions
provided in said resumption act for the
bonds therein authorized. And the pro-
ceeds thereof shall he used for the p,ir-
pose prescribed in this section and for no
other.