The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1895-12-26

WASHINGTON. Dec. 25.-The ways snd
means committee was in session to day,
all of the members in town, Reputli-
cans and Democrats. being present.
Chairman Dingley, who called the meet
ing, laid before the committee the two
bills prepared by the majority. one re-
lating to bond issue and the other to
increases in the tariff schedules, and
explained the effeos,of the changes pro-
posed and their purposes. The meas
ures are as outlined in the Associated
Press dispatches from Washington dur
ing tho past two days.
Bill No. J., submitted to the full
committee Ia the bond bill and author.
izes the Secretary of tho Treasury at
his discretion 10 issue per cent. fys
year coin bonds for the REDEEM ption of
United States legal tender notea and for
no other purpose, tho bonds to be floated
by public subscriptions. Il also au-
thorizes the issue OF not over $50, O90, 600
OF per cent. three year certificates of
indebtedness in denominations of $40
and multiplies thereof. lawful money OF
the United States to be taken In paw
mont therefore. The proceeds of these
certificates shall DO used only to supply
temporary DEFICIENCIES.
Ihe tsriH bill imposes duty OF 60
per cent. Of Mckinley rates on lumber
and wool and woolens, except that oar
petings get = higher duty. The duties
on articles included in Schedules A, b,
g, ID, e, g, II, 1. j, L. M and N of the
present tariff law are retired IS Der
cent. all around save that no DUTY shall
exceed The Mckinley rates nor sny in
crease take effect If the present ratio ia
higher than the Mckinley rate
The two bills will be- presented to tho
Houee Tomorrow, and their text IL az
follows:
No. |. "a bill to maintain and protect
the coin redemption fund and to aus thor
,ze the issue of certificates of indebted
ness to meet temporary deficiencies of
| revonuo."
"Bo 1t enacted, ETC., That In addition
to the authority given to the Secretary
OF treasury by the act approved Jan
uney IA, 1875, an act TO provide for the
fesumption OF opecie pGyments,' he is
authorized from time to time at his
discretion to issue, sell, and dispose of,
at not less than par in coin, coupon or
regtstered bonds of tho United States
to an amount sufficient for the object
stated In this section, but not to exceed
per cent. In interest per nnnum, pay
able semt-nnnually and made redeem-
able at the pleasure of the United
States after five years from their date,
with like qualities, privileges and OK
emptlons provided in said act for the
bonds thereon authorized; and the
Secretary OF the Treasury shall use the
proceeds thereof for the redemption Of
United States legal tender notes and for
no other purpose. Whenever the Sec.
rotary OF the Treasury shall offer any
OF tho bonds authorized for sale by this
actor by the resumption act OF 1875 he
shall advertise the same and authorizs
SUBSCRIPTIONS therefor to be M ade at the
treasury Department and at the sub
treasures and designated repositories
of the United States
Section 2. That to provide for apy
temporary deficiency now existing or
which may hereafter occur the Score
tary of che Treasury is hereby author
lied, st his discretion. to Issue certifi-
Gates Of indebtedness of the United
States to the amount not exceeding
$50, 0o0,00 payable in three years after
their date TO the bearer in Ia wful money
OF the United States gold denomination
OF $40 or multiples thereof with annual
coupons for interest at the rate of 8 per
cent. per annum and to sell and dispose
amount of lawful money of the United
States at the Treasury Department.
and at the sub treasures and the
designated repositories of the United
States and at such postofflces as no NAV
select. And such certificates shall have
the like qualities. privileges and exemp-
lions provided in said resumption act
for the bonds theirein authorized, and
the proceeds thereof shall be used for
the purpose prescribed in this section
and for no other.
Bill No. Q. "a bill to temporarily in
crease the revenues to meet the ex-
penses of the Government and provide
against deficiency.
BE 1t enacted, ETC., That from and
artee the passage Of this act and until
August, 1S9s.there shall be levied, COL
lected, and paid on all imported woods
OF classes one and two. as defined in the
act hereinafter cited. approved October
!, 1890, and subject to oil the conditions
and limitations thereof, and on all hair
OF the camel, goat, alpacs, and other
animals except as hereinafter provided,
and on all noils, shoddy, garnetted
waste, top waste. slubbing waste, troy
Ing waste. ring waste, yarn waste and
Oil other wastes composed wholly or in
part OF wool, and on all wooden
rags. mingo and flocks, dutv
equivalent to sixty psrcentum Of
the duty imposed on each of such arti-
cles by an act entitled AN act TO re-
duce the revenue and equslize duties on
imports. and for oSher purposes,' an
proved DC sober /. 1890, and subject TO
Oil the conditions and limitations of said