The herald., 1895-12-27
THE TARIFF BILL PASSES
Repeating the Present Law
Until 1898
IS PER GENT HORIZONTAL raise
With a Heavy Increase on Wool
and Woolens
THE DEMOCRATS OBJECT
In the Belief that Nothing VIII Be
Gained
With Two Exceptions the Bill Passed by
Party Vote
The Bond Bill Requested by the Presdcn
Will Be Passed Today. but Some
Important Changes flay
Be Made
In the Belief that Nothing VIII Be
Gained
With Two Exceptions the Bill Passed by a
Party Vote
Press Special Wire.

Associated Press Special Wire.
WASHINGTON, Dec. 26.-The house today
responded to the appeal Of the president
by passing a tariff bill, the operation of
which is limited to 2H years and which is
designed to raise $4O,OOO,OOO for the re-
lief of the treasury. The bond bill will be
passed tomorrow.
The vote today was on party lines, with
two exceptions. The Republicans all voted
for the bill except Hartman of Montana.
who did not vote. and the Democrats and
Populists against it, save Newlands, Popu-
list of Nevada, who voted in favor OF the
measure. The special order under which
the bill was brought to a vote at 8 o'clock,
after 3E hours of debate. was ironclad in
it's character and compelled the members
to adopt or reject it without opportunity
of offering amendments of any kind.
Although there was the brilliant sitting
that usually accompanies field day in the
house, the debate lacked much of the
spirit and vim which generally character
ICES a partisan bill in the lower branch of
congress. Even the preliminary skirmish
over the adoption of the rule which ortlin.
arily precpitates the fiercest wrangling,
passed off quietly. The debate itself was
participated in by the leaders on both
sides. Ths Republicans contended that
the first necessity of the treasury was rev.
enue TO supply the continued deficiency.
Every speaker denied that the proposed
measure was Republican protection bill.
1t was, they claimed, an emergency rev.
enue bill on protective lines. 1t was sig
niflcant that several, notably Dalzell,
Payne, Hopkins and Grosvenor. predicted
The passage of a genuine protective meas
ure as soon as the Republicans gained con-
troll of the White House. The Democrats
took the position that there was no lack of
revenue in the reasury, and that the pass
of tn INV torlx
no wise help the situation, nor furnish re-
lief desired by the president and the secre-
tarv of the treasury.
The bill passed today repeals the pres
ent tariff law until August l, 1898. 1t
restores 80 percent of the Mckinley rates
on wools and woOlens, Timber and carpets,
and makes a horizontal increase of the
present rates in all other schedules, except
sugar, of l 5 per cent.
When the bill was put upon its passage
it was passed, 2O5 to 81, the vote being
taken by yea and nay. There was no
demonstration of any kind at the an
nouncement of the vote.
Mr.. Cannon, the delegate from Utah,
asked for immediate consideration of
joint resolution directing the secretary of
the territory OF Utah u turn over to the
governor of Utah upon the issuance of the
executive proclamation admitting the ter
ritory as u state. all United States proper
ty in the hands of the secretary. The mo.
ton was adopted, and then at 6:37 the
house adjourned until tomorrow.
THE BILLS REPORTED
Chairman DinRley of the ways and means
committee reported to the house the tariff
and bond bills agreed upon by the major
ity of the committee. They were accom-
panied by the following reports:
The committee on ways and means, to
whom was referred SO much of the presi-
dents annual message and SO much of the
annual report of the secretary of the treas
ury as relates to revenue and the condition
OF the treasury in the presidents special
message, presenting the urgency of imme-
diate action by congress in q direction cal
culated to bring relief, report:
That The committee appreciates the seri-
BUSINESS of the situation and the import
ance of prompt remedies so far as congress
can give them.
Your committee regard the chronic de.
dciency OF revenue for the past two years
and half as a most potent cause of the
difficulties which the treasury has encoun-
tered, and an important factor in the crea-
ton and promotion of that serious distrust
which has paralyzed business and danger
ously shaken confidence even in the finan-
cial operations of The government 1t is as
impossible FOR government to have a
continuous deficiency of revenue for two
years and half without affecting its flnan-
cial standing as it is for an individual. 1t
is impossible also for a government to con-
tnue in this condition without casting O
shadow of doubt and Encouragement over
all business operations within its borders.
The serious fact which we are called
upon to confront is, that in the two and
half years that have elapsed since July l,
1893. this government has had an INSULT
cheney OF revenue to meet current ex.
penditures, amounting in the aggregate to
about $l33,OO0,O0O. And even in the
first half of the present fiscal year, the
d9ftCanCV
and about $3,OOO,OOO in this present
month
And up to the present time there is no
sufficient ground for opining that this in
sufficency of revenue will not continue
during the remainder of the fiscal year,
and how much longer no one can safely
predict.
If the consequences of such chronic
deficiency were only the necessity of bor-
rowing money to meet OCr current expenses
in time OF peace, events would afford
abundant reasons for increasing the rev.
enue. But the consequences are more
wide-reaching than that. Insufficiency of
revenue has made it necessary TO use the
redeemed United States legal tender notes
to pay current expenditures and thus to
supply additional means 10 draw gold from
the greenback redemption fund; in short,
to create the "endless chain" OF which the
secretary of the treasury complains and
which has made it necessary to sell issue
after issue of bonds to replenish the re-
serve.
kSThis will be clearly seen when it is re-
meinbered that the secretary of the treas
ury has issued and sold little over $780,
OO0,OOO of 8 per cent ten year and per
cent thirty year bonds, from which he has
realized abort 81 80 200, 900, and after re-
deeming 1882, 100000 of United States
lsgaA tender notes with the proceeds he has