Birmingham state herald., 1895-12-26

GO percentum of the duty imposed on
 each of such articles by an act entitled
 ''an act to reduce the revenue and equal iZe duties on imports and for other pur- poses" approved October l, 1890, and
 subject to all the conditions and limita- tionS of said act; and on all wools and
 Russian camels hair of class 3, as de- fined in said act, approved October l, 1890, and subject to all the conditions and | limitations thereof, there shall be levied, collected and paid the several duties pro- | vided by such act, approved October l, | 1895, and paragraph 279 of schedule K, and also paragraph 6S5, in the free list 1 of an act entitled "an act to reduce | taxation, to provide revenue for the gov ernment, and for other purposes" which l became law August 27, 1894, are hereby | suspended until August l, 1898.
 Section 9 That from and after the | passage of this act, and until August l, | 1898. there shall be levied, collected and | paid on all imported articles made in | whole or in part of wool, worSted or | other materials described in section of
 this act, except as hereinafter provided, | 60 per centum of the specific pound or | square yard duty imposed on each of | such articles by an act entitled "an act | to reduce the revenue and equalize du- l ties on imports, and for other purposes 1 approved October l, 1S90 and subject to i all the conditions and limitations thereof,
 in addition to the ad valorem duty now | imposed on each of such articles by an
 act entitled an act to reduce taxation,
 to provide revenue for the government, | and for other purposes" which became | law August 27, 1894, and on carpets,
 druggets. bookings, mats, rugs, screens, | covers, hassocks. bedsides, art squares | and other portions of carpets or carpet l ing, made in whole or in part of wool.
 the specific yard duty imposed on each l of such articles by said act approved Oc- | tober l. 1890 and subject to all the con- | ditions and limitations thereof, in addi- l tion to the ad valorem duty imposed on
 such articles by said act which became | a law August 27, 1894
 Section g. That from and after the | passage of this act and until August l, | 1898, there shall be levied, collected and | paid on all imported lumber and other | articles designated in paragraphs 674 to | 6S3, inclusive, of the act entitled an
 act to reduce taxation. to provide reve-
 nue for the government, and for other | purposes" which became q law August l 27 1894 duty equivalent to 60 per cent | of the duty imposed on each of such ar | ticleS by an act entitled an act to re- | duce the revenue and equaliZe the duties | on imports and for other purposes" ap- | proved October 1, 1890, and subject to 1 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 ex- | port 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 1 country, then duty upon the lumber and | other articles mentioned in said para | graphs 674 to 6S3, inclusive, when i'm | ported from such country. shall be the 1 same as fixed by the law in force prior | to October l, 1S90
 | Section 4. That on and after the passage | of this act and until August l, 1898, there
 shall be levied. collected and paid on all | the imported articles mentioned in sched-
 ules A. B, c, D, F, G, H, I, J, l., M and | N of an act entitled "an act to reduce | taxation, to provide revenue for the gov ernment, and for other purposes" which ! became q law August 27 1894, duty | equivalent to 1h per centum Of the duty | imposed on each of said articles by eX- | isting law in addition to the duty pro- | vided by said act of August 27, 1894, pro- | vided. that the additional duties imposed l by this section shall not in any case in- | crease the rate of duty on any article | beyond the rate imposed thereon by the | said act of October 1. 1890, but in such | case the duty shall be the same as was | imposed by said act, and provided fur | ther, that where the present rate of duty | on any article is higher than was fixed | by said last named act the rate of duty | thereon shall not be further increased | by this section. but shall remain as pro- vided by existing law.
 The full text of the financial bill, which | is also to be reported tomorrow, is as fol- | lows:
 bill to maintain and protect the coin redemption fund and to authorize the iS | sue of certificates of indebtedness to meet temporary deficiencies of revenue. Be it enacted, etc.. That in addition to 1 the authority given to the secretary of l the treasury by the act approved January | IA, 1S75 entitled "an act to provide for | the resumption of specie payments" he | is authorized from time to time, at his l discretion. 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 section, bearing not to exceed 3 per centum interest per annum, payable | semi-annually and redeemable at the pleasure of the United States. in coin, after five years from their date, with l like quantities, privileges and exemp | tions provided in said act for the bonds | therein authorized. And the secretary of | the treasury shall use the proceeds thereof for the redemption of the 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 1875, he shall advertise the same and authorize sub scriptions therefor to be made at the treasury department and at the sub treasures and designated Repositories of the United States.
 Section ?. That to provide for any tenn porary deficiency now existing. or which may hereafter occur, the secretary of the treasury is hereby authorized at his discretion to issue certificates of indebt- edness of the United States to an amount not exceeding $50.000.000, or multiples thereof, with annual coupons for interest at the rate of per centum per annum, and to sell and dispose of the same for not less than an equal amount of lawful money of the United States at the treas ury department and at the sub-treas- uries and designated Repositories of the United States and at such postoffices as he may select. And such certificates shall have the like qualities. privileges
 and the exemptions provided in said re- sumption act for the bonds therein au- thorlzed: and the proceeds thereof shall
 be used for the purpose prescribed in this section and for no other.
 The committee adjourned at 1:20 D. m
 after a session of nearly two hours and
 holf