The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1896-01-02
BILLS COMPLETED
THE BOND BILL AND TARIFF MEAS
URE ARRANGED.
The Ways and Means COMMITTEE
Completes Consideration Of the
Bills and They Are Ready to
Present to COnEress-The Tariff
Bill, 1t Is Estimated, Will In
crease the Revenue by About
$4,000 900.

ways and means committee has COM
pleted the bond bill and the tariff
measure and they are ready for pre-
sentation to congress. 1t is estimated
that the new tariff bill will increase
the revenue by about $4,000 600.
Chairman Dingley explained that the
bills cannot be regarded as Republic
an measures, but that they were
framed to meet an emergency that
President Cleveland represented to sex-
list. The Democratic members op-
posed the tariff bill, but they will not
propose minority bill. The bond
bill is as follows: - Nv. ~.
IA bill to maintain and protect the coin
redemption fund and to authorize the issue
OF certificates Of Indebtedness to meet tenn
porary deficiencies of revenue.
"Be it enacted, etc., that In addition to
the authority given to the secretary of the
treasury by the act approved Jan. IA, eigh-
teen hundred and seventy-fve, entitled AN
act to provide for the resumption of specie
payments 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 registered bonds of the United
States to an amount sufficient Aor the object
stated in this section, bearing not to exceed
three per centum interest per annum, pay
able semi-annually and redeemable at the
five years from their date, with like quail
tiles, privileges and exemptions provided In
said act for the bonds therein 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 When ever the secretary
Of the treasury shall offer any of the bonus
authorized for sale by this act or by the re-
sumption act of 1875 he shall advertise the
same and authorize subscriptions therefor
%nI o, H. ,,%o i
at the subtreasuries and designated deposit
tories of the United States.
"Section 1.-That to provide for any tenn
porary deficiency, now existing, or which
may hereafter occur, the secretary Of the
treasury IL hereby authorized at his ulscre-
ton, to issue certificates of Indebtedness of
the United States to an amount not exceed
Ing $50. OO0,O 600. payable in three years after
their date to the bearer, in lawful money
of the United States, of the denomination
of $50 OR multiples thereof, with annual
coupons for interest at the rat> of three per
centum per annum and to sell and dispose
Of the for not less than equal
amount of lawful money Of the United
States, at the treasury department., and at
the subtreasuries and designated deposit
tories of the United States, and at such
post Offices as he may select. And such GER
tifcates shall have like qualities, privileges,
and exemptions provided in said resumption
act for the bonds therein authorized. And
the proceeds thereof shall be- used for the
purpose prescribed in this section and for
no other"
The New Tariff Measure.
Bill No. ., the tariff measure, is as fol-
lows: s~|f Fl. - "a 'tl-s ...@+'. = 4fTES 60.
A bill! to temporarily increase revenue to-
meet the expenses of the government and
provide against deficiency. # #seszE
"Be it enacted. etc. that from and after
the passage Of this act and until Aug. !.
1898. there shall he levied, collected and
raid on all imported woods. Of classes one
and two, as defined. in the act hereinafter
cited. approved October l, 1890. and sub
ject to all the conditions and limitations
thereof and all hair of the camel, goat,
alpaca and other animals, except as here
matter provided, and on all noils, shoddy,
garnetted waste, top waste, subbing waste,
rowing waste, ring waste. yarn waste aud
all other wastes composed wholly or In
part Of wool, and oil wooden rags, mungo
and focks, duty equivalent to 60 per CEN
tum Of the duty imposed on each Of such
articles by an act entitled 'un act to re-
duce the revenue and equalize duties on
imports and for other purposes approved
Oct. 1, 1890, and subject to all the condi-
lions and limitations Of said act, and on
all woods and Russian camel hair of class
8, as defined in said act approved Oct. 1,
1890, and subject to ali the conditions and
limitations thereof, there shall be levied,
collected and paid the several duties pro-
vided by the said act approved Oct. 1, 1890,
and paragraph 279 of schedule K, and also
paragraph 6s5 in the free list in an act
entitled AN act to reduce taxation, to pro-
vide revenue for the government and for
other purposes which became a law Aug
~, 1894, are hereby suspended until Aug.
/, 1898.
sSectlon THAT from and after the pas
sage of this act, and until Aug. 1, 1898,
there shall be levied and collected and paid
on all imported articles. made in Whole or
in part Of wool, worsted or other material
described In section 1 Of this act, except
as hereinafter provided. 60 per centum Of
the specific pound or square yard duty i'm
posed on each Of said articles, by an act
entitled AN act to reduce the revenue and
equalize duties on imports, and for other
PURPOSES approved Oct. 1, 1890, and SUBJ
ject to all the conditions Of and limita-
lions thereof. In addition to the ad valorem
duty now imposed on each of said articles
by an act entitled AN act to reduce taxa
ton. to provide revenue for the govern
n,ent, and for other purposes which be-
came a law Aug 27, 1894; and in carpets
druggets. bookings, mats, rugs, screens
covers, hassocks, bedsides, art squares and
other portions of carpetings, made in whole
or in part Of wool, the specific square yacd
duty imposed in each of said articles by
said act, approved Oct. 1. $780, and sub
ject to all the conditions and limitations
thereof. in addition to the i'd valorem duty
Imposed on such articles By said act, which
became a law Aug. q, 1894. 5,
3d. Duty on Lumber -&fsrs. /.
'sec. 3-That after the passage Of this
act and until Aug. 1, 1904. there shall be
levied and paid on import lumber and other
articles designated, In paragraphs 674 to-
6S3, inclusive, Of an act entitled An act to
reduce taxation, to provide reVel1e for the
government lnd for other purposes which
became a law Aug. 81. 1894, a duty equiya-
lent to 60 per cent Of the duties i'm posed on
each Of such articles by an act entitled An
act to reduce the revenue and equalize du-
ties on imports, and for other purposes
approved OCT, l, 1890, and subject to all
cSI dttions and limitations of said last
named act. but. pulp wood shall be classi-
Asd as round manufactured timber, ex-
einpt 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
Of heading blocks exported to the United
States from such country, then the duty
upon the lumber and other articles men
Aored in said paragraphs, inclusive when
imported from such country, shall be the
game as fixed by the law enforced prior to