Birmingham state herald., 1895-12-26
ON FINANCE AND REVENUE
Full Meeting of the Ways and Means Com
 mittee.
Bo1H REPORTS WILL BE MADE TODAY
Text of the Two Measures Given Complete. Spirited Discussion Arises Over the Present Necessity of Such
 Bills.

Washington, Dec. 25-Despite demo- cratic appeals for delay and democrat ic assertion that such legislation was un- necessary, the tariff and bond bills pre- pared by the republican members of the ways and means committee were ordered to be favorably reported at the full meet ing of the committee this morning by strict party vote.
 All the members of the committee ex- cept MT. Grovesnor of Ohio and Mir. McLaurin of South Carolina were in at tendance. The session lasted two and one-half hours. The democrats made general protest against both measures. The tariff bill was first considered. AS each section was read MT. Turner of Georgia moved to strike it out, the demo- crats voting in the affirmative and the republicans in opposition. MT. McMil lin of Tennessee then entered an earnest plea for more time in which to consider both bills. He argued that this being holiday the departments were closed: that it would oe impossible to secure from the treasury department before Thursday the data necessary to support the democratic contention. and closed with a motion that further consideration of the measure in committee be post poned two days.
 The motion was defeated, as was also his motion for twenty-four hours delay. After this the discussion for awhile be- came general. The democrats contended that the treasury now contained cash balance of $170 1000; that this was ample to meet any deficiencies which might arise for several years; that the receipts before the close of the fiscal year anua1 oYnpnditurHE and that no tariff legislation was necessary
 To this Chairman Dingley responded with a general disclaimer. He stated that s70,000, ,000 of that amount was in Eyreenbacks, which had not been received as revenues. but which were redeemed with gold and that they belonged practi- cally to the redemption fund. They were a part really. of the cash balance and ought not to be used for current expenses. He showed that the greenbacks were used as an "endless chain" to draw gold from the treasury. and approved of the policy of the secretary in locking them up. The purpose of the tariff bill MT. Dingley continued, was to furnish the money needed for the expenses Of the government without trenching on the gold reserve or the greenbacks which had been redeemed in gold. He admitted that in offering these revenue measures the republicans had waived for the mo ment their protection principles, and they made this concession hoping that the president would be equally unselfish fin putting his own objections behind him.
 MT. Dingley insisted that the bill was not intended as party measure. IL was, he explained. non-partisan in character, and he hoped that it would poll the full vote of congress. in order to save the credit of the government, which, accord- ing to the presidents message and dis closures made In private by Secretary Carlisle, was in great danger. The con- dition of the treasury, he Insisted. de- manded prompt action. Every days de- lay added to the embarrassment of the administration. Inasmuch as no revis- ion of the tariff was attempted in the measure in question. no discussion in committee at this time was necessary. The republicans. he said In conclusion, had taken the tariff law of 1894 us baiS, and according to the importations for that year. the new bill would add $40,000.- GOO annually to the revenues. or this sum SIP, ,000, 900 would be derived from du- ties on raw wool $14,00O,000 on manufac- tures of wool and $14.000,000 additional from the horizontal increase on the re- maining schedules, except sugar, which was not changed and lumber. the duty on which would be 60 per cent of the Mckinley tariff rate.
 The first and only break in the demo- cratic column was on the motion of MT Turner, democrat of Georgia, to strike out the second section of the bond bill authorizing the issuance of $5O.0OO. 900 of certificates of indebtedness On this motion MT. Tarsney democrat, of Mis- souri, voted with the republicans and the amendment was lost.
 Thereupon MT. McMllin, democrat of Tennessee, offered an amendment that the certificates issued should be subject to taxation, as are the greenbacks and other moneys, b this amendment was also rejected the republicans voting against it.
 Chairman Dingley has been author Ized by his republican associates to pre- pare the report of the majority, which he will present to the house tomorrow. There is no indication that report will be presented by the minority. inasmuch as they have not yet been furnished with copies of the bill as amended In com mittee this morning.
 It may be stated, in explanation. that the tariff schedules A, B. c, D. F. c. H, l. J, l., M and N of the act of 1894, spe- officially mentioned in section 4, on which a duty equivalent to 15 per cent in ad- dition to that imposed by the present law shall be added, are the schedules pertaining to chemicals, earthenware and glassware, metals, manufactures of woods, tobacco, agricultural products, spirits and wines. cotton manufactures and flax, hemp. jute. silks, pulp. papers and books, and lastly sundries.
 The following Is the full text of the revenue bill which the ways and means committee will report to the house to- morrow:
 A bill to temporarily increase the reve- nue to meet the expenses of the govern ment and provide against a deficiency after the passage of this act, and until August 1, 1898. there shall be levied, collected and paid on all imported wools of classes 1 and 9. as defined in the act hereinafter cited, ap- proved October 1, 1890. and subject to all the conditions and limitations thereof, on an hair of the camel. goat. alpaca and other like animals. except as hereinafter provided, and on all noils, shoddy, gar netted waste, top waste. slubbing waste. rQYing-Xaste ring waste. yarn waste.