St. Paul daily globe., 1895-12-26
WAYS AND MEANS HAVE THE
TWO BILLS READY FOR CON-
SHERATON.
TO BE PRESENTED TODAY.
FIVE-YEAR PER CENT BONDS
TO REDEEM LEGAL TEN
DER NOTES.
HORIZONTAL TARIFF BILL
An Increase in Some Schedules
and Decrease From McKin-
ley Rates in Others.

WASHINGTON, Dec. rs. - The
house ways and means committee de-
voted several hours of Christmas to
final consideration of the two rev.
enue bills which are to be presented
to the house tomorrow Printed
copies Of the bills were laid before the
full committee, the plan being am
nounced to the Democratic members
for the first time, although they were
| familiar with its details through the
accurate forecasts presented by the
Associated Press. The bills were
formally adopted as committee meas
ures, motions to lay them on the ia
BILE being overruled by party votes
Each bill was read by sections and
motions were made by the Democrats
| to strike out each section, which, of
course, failed to carry. 1t was voted
to give Thursday to the considera-
ton of the tariff bill by the house.
and Friday to the bond bill, with a
vote on each at the end of the days
debate upon it; the programme out
lined i'm the dispatches yesterday. The
Democrats endeavOred to secure three
days debate; to gain postponement
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 original arrangements. The
ley, Maine; Dolliver, To-; Payne, New
York; Tawney, Mimi; Hopkins, Ill.
Dalzell, Penn; Russell, Conn.,; John
son, N. D.; Steele, Ind; Evans, KY.
Republicans; Crisp, Ca; Mcmillan.
Tenn; Wheeler, Ala; Tarsney, Mo.
Turner, Ca, Democrats.
ONLY MAKESHIFVTS.
Chairman Dingley stated to the
committee that the bills were not
! framed as a Republican measure
but as one calculated to save the
credit of the government, which, ac-
| cording ITO the presidents MESA ge
and ito personal communications
made by Secretary Carlisle to mem
bers, was endangered, the condition
of the treasury from their repre-
sentatives demanded immediate ac-
tlon and the Republicans had pre-
pared emergency bills on lines which
seemed most eXpedient.
DR.. Dingley laid stress ON the as
cnyTtinyn fho,f G,~cyf
constitute and was not intended for
a revision of the tariff. Consequently
there was no necessity for 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 importa tions under
the Wilson act in 1894.
This showed al probable increase
revenue of $40,000,OO0 which about
equaled the deficit of the past year
Twelve millions, it was estimated
would be derived from the increase
ON raw wool; $14,0O0,000 from manu-
factured woods and $4,000 from
the Is per cent horizontal advance on
other schedules. The Republicans
had waved their protection princi-
pies for the time in preparing these
bills.
Mr.. Dingley said he hoped Presi-
dent Cleveland would wave any an
tagonistic views he might hold and
sign the bill.
One of the Democrats asked why
the Republicans had not gone to
the full extent of the Mckinley bill
to which Mr.. Dingley replied that
they would do so if they had the
power. The Democrats ON the other
part contel1ded 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 Republicans denounced. The
tariff bill, they claimed, was a strict
ly Republican measure, and a meas
ure for which President Cleveland had
not asked.
Mr.. Mcmillan asserted that there
was no need for additional revenue
as the treasury statement showed a
cash balance of $170,OOO,OO0.
Mr.. Dingley replied that 10000, 900
of this was in greenbacks, which had
not come in as revenue, but had been
redeemed by gold. While, on their
face, they constituted part of the
cash balance ito pay them, and would
continue THE endless chain. The Re-
publican plan would provide for the
expenses Of the government without
encroaching on the gold reserve or en-
ploying redeemed greenbacks.
Amendments were offered by Mr.
Turner to strike out the second sec
tion of the bond bill providing for
treasury certificates Of Indebtedness
and by Mr.. Mcmillan to make these
certificates subject to taxation as are
greenbacks and other currency. Both
were lost, but Mr.. Tarsney voted with
the Republicans against Mr.. Turner's
amendment.
Chairman Dingley will present re-
port explanatory of the bills. The
Democrats say that they have not
time to prepare minority report.
BILL NO. l.
"a bill to maintain and protect the
coin redemption fund and to authorize
the issue of certificates of Indebted
of revenue"
"Be II enacted, ETC., that in addi-
ton to the authority given to the sec-
retary Of the treasury by the act ap-
proved Jan. IA, 1875, entitled can act
to provide for the resumption Of spe-