Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-24

Washington, December 29.-The
House Republicans will introduce on
the day after Christmas and pass with
in the week two bills in response to
President Cleveland's message of ap-
peal for help for the treasury. One of
these two will be tariff bill to increase
the revenue, the other a financial plan
to maintain the gold reserve and pre-
vent alleged existing trouble with TIE
greenbacks.
This party plan has been perfected
by two meetings Of the Republican
members Of the Ways and Means Com
mittee, the first held Saturday night
with the cooperation OF Speaker Reed
and other leaders, the second this al
ternOOn.
Although strong efforts were made
TO preserve secrecy concerning the de-
tails OF the plan, its features have been
obtained by the Associated Press from
unQuestiOnable authority.
The tariff bill will be entitled "A bill
to increase the revenue to prevent deli
cts in the treasury; will 90 into et-
feet when signed by the President II
he signs it, and Will remain IN effect
until August 1st. 1898, when by It's pro-
yionS, its operations viii cease.
ITo ITEMS tOLLON.
A duty on wool of 90 per cent. of the
Mckinley law rates.
A compensatory duty on woolan
goods of 90 per cent. of the Mckinley
act rates.
A duty of 90 per cent. Of the rate Of
1890 on lumber, which will be from lO
TO 10 per cent. ad valorem.
An increase OF % per cent. from the
Wilson-Gorman act rates on cereal
breadsuffs. dairy products and 1--we
stock. including poultry.
A horizontal increase OF 10 per cent.
from the WilsOn-GOrman rates on all
other schedules, with the provision that
i'm no case shall the duty exceed the
Mckinley rate except where he VIII
son-GOrman rates exceed those OF the
Mckinley law.
The second bill will provide for TWO
issues of bonds. The first bill Will be
an unlimited amount Of three per cent.
fva-yeaf coin bonds 10 project the gold
reserve. with the provision that the
currency redeemed by the proceeds
shall not be paid out for current dehcl1S
in the revenues, unless the expenses oil
the government are in eXcss OF the rev.
nues (Which. il is expected, they VII not
be if the first bill 5 in operauon(
In addition. the second bill viii pro-
vide for one year two per cent treas
urv certificates Of indebtedness not 70
exceed $50 900. 600 in amount and 10 be
disposed of at the direction Of the Sec
retarv of the Treasury 70 meet current
deficits in the revenue These are 10
be offered for sale at the sub-treasurles
and repositories Of the government.
IT Is POSSIBLE ALSO
that there may be added TO this bill a
plan to increase the currency by au-
thorizing national banks to issue cir
culat:on 10 the par value Of all the gov
ernment bonds deposited by them with
the government as security for their
notes.
The plan outlined above was no;
agreed upon without much reconcil;a-
ton of differences, and compromises.
bu. the leaders are assuerd that both
bills will pass the House without ma
rerial opposition. having made thor
Ough canvass by State delegations, and
Their. are strong hopes that the Senate
will act upon them favorably. Satur-
d9v nights meeting showed a general
sentiment IN favor of Incorporating the
whole plan into one bill.
The reasons were advanced to-day
which led TO the division Of the tariff
and bond schemes. Several western
free silver Republicans held a confer
ence during the day and decided 10
oDDose any bin containing bond feat
uras. Their votes will be cast against
the bond bill. but It is expected that
ir will draw enough votes from the
Democratic side TO offset the Republic
can detection. On the other hand the
tariff bill probably will be passed by q
strict party v0,e.
Rv The same division the House Re
publicans hold some hopes that their
plan can carry in the Senate, mastering
All of the Republican and two POpul.st
votes for the tariff bill. although the
supposed free silver majority OF the Sen
a-s makes the success Of the second blk
much more doubtful
There have been conferences of Re
publicans from both houses prelimin-
arv TO the present plan. so that 1t Is not
altogether the product OF Speaker Reed.
AMONG THE RANK AND FILE
Of House Republicans there is move
ment TO hold a caucus Thursday morn
ing 10 pass the bills. but the leaders
look upon the caucus with distrust. for
combinations may be formed to change
the tariff features. and once the special
interests find the doors 10 tariff changes
omen much time is likely TO be con-
sumed. To all of the members who
have come TO him to-day TO secure con-
sideration for the particular Interest or
rbeir constituents. Chairman Dingley
hos reDlied that the bill under cOnsld-
a~otion was not a tariff bill. but a tenn
1,orarv revenue bill. The same argu-
-ant has been used in committee with
those members who opposed the horl-
70v-ar r.se Cf IS per cent, on the
eronrd that it was opposed to the pro-
lection theory.
Tba advance on live stock and cereal
braadsruffs was secuI ed by the efforts
of members from the Northwest. ana
is intended in part as a reply, sald one
committeeman. 70 the charge .that re
Drhlican tariff measures favored the
manufacturer rather than the FARMER.
How much debate will be allowed
- been decided. but not more than