The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-27
TFE lARGE@T CIRCULATION OFF AMY NORTH GAROZlM DAILY

dIbcI SiAtN per cclbUIH OF
the specific pound or square yard duty
imposed on each of said articles by an
act entitled AN act to reduce the rev.
enue and equalize duties on imports,
and for other purposes, approved 0c-
tober j, 1890, and subject to all the
conditions of, limitations thereof and
in addition to the adj yalorem duty
now imposed on each of said articles
by an act entitled An act to reduce
taxation, to provide revenue for the
government and for other purposes
which became a law August 27, 1894;
and on carpets, druggets, bookings,
mats, rugs, screens. covers. hassockS.
bedsides, art squares. and other por-
tions of carpetings, made in whole or
in part of wool, the specific square
yard duty imposed on each of said ar
ticles by said act approved October /,
$780, and subject to all the conditions
and limitations thereof in addition to
the al valorem duty imposed on such
articles by said act which became
law August 81. 1894.
Section g. That form and after the
passage of this act and until August
/, 1898, there shall be levied, collected
and paid on all imported lumber and
other articles designated in para
graphs GA to 6S3, inclusive. of an act
entitled An act to reduce taxation, to
provide revenue for the government
and for other purposes, which be-
came la" august q, 1894, a duty
equivalent to 90 per cent of the duties
imposed on each of such articles by an
act entitled An act to reduce the reve-
nue. and equalize duties on imports
and for other purposes, approved 0c-
tober /, 1890, and subject to all condi-
tions and limitations of said last
named act; but pulp wood shall be
classified as round unmanufactured
timber exempt from duty: Provided,
that in case any foreign country shall
impose an export duty upon pine.
spruce, elm, or other logs, or upon
stave bolts, shingle wood, pulp wood
or heading blocks exported TO the Uni
ted States from such country, then the
duty upon the lumber and other arti-
cles mentioned in said paragraphs GA
to 6S3, inclusive, when imported from
such country, shall be the same as
fixed by the law enforced prior 10
1890.
Section 4. That on and after the
passage of this act and until August
/, 1898, there shall be levied. collected
and paid on all imported articles men
toned in schedules \. II, G, ID. +, G.,
III, !. j, l., NJ and n of an act entitled
'An act to reduce taxation. TO provide
revenue for the government and for
other purposes which became law
August 21, 1891, duty equivalent To
fifteen per cent of the duty imposed
on each OF said articles by existing
law in addition to the datS of Augusf
p, 1894: Provided. that the additional
duties imposed by this section shall
duty on any article beyond the rate inn
duty on ay article beyond the rate inn
posed thereon by the said act Of 0c-
tobeF /. 1890, but in such ease the du-
ties shall be the same as was imposed
by said act: and provided further. 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
provided by existing law"
THE BOND BILL,
The bond prepared by the commit
zee is as follows:
"a bin TO maintain and pro-
tect The coin redemption fund, and TO
authorize the issue Of certificates of
Indebtedness to meet temporary de-
iiciencies of revenue"
BE it enacted, etc, That, in addi-
tion TO the authority given to the Sec
retary of the Treasury by the act APP
proved January IA, 1875, entitled An
act to provide for the redemption of
specie payments he is authorized
form time to time, at his discretion. to
issue, sell and dispose of, at not less
than par iii coin, coupon or registered
bonds OF the United States to an amount
sufficient for the OBJECT stated in this
section, bearing not TO exceed per
centum interest per annum. payable
semi-annuallly, and redeemable at the
pleasure of the United States in coin
after five years from their date. with
like qualities, privileges and eNemp-
tions provided in said act for the bonds
therein authorized. And the Secre-
tary of the Treasury shall use the pro-
ceeds thereof for the redemption of
United States legal-tender notes, and
for no other purpose. Whenever the
Secretary of the Treasury shall offer
any OI Jilt DODtIS dubllOI1Itft Iof Sttlt
by this act or by the resumption act
of 1875, he shall advertise the same
and authorize subscriptions therefor
to be made at the Treasury Depart
ment and at the sub-treasuries and
designated repositories of the United
States.
Section 2. That 10 provide for any
temporary deficiency now existing or
which may hereafter occur. the Sec
retary of the Treasury is hereafter au-
thorized, at his discretion, to issue
certificates Of indebtedness Of the
United States TO an amount not exceed
ing $50,000000, payable in three years
after their date to the bearer, in lawful
money of the United States, of the de-
nomination of $50, or multiples there
OF, with annual coupons for interest
at the rate of 3 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 Treasury Department and ut the