Omaha daily bee., 1896-12-18
No RErENrn LEGISLATION.


No REVENUE LEGISLATION
There will be no revenue legislation
! by the present congress. This was set
tied by the debate in the senate on
| Wednesday. in which Senator Teller
and Senator German declared that 1t
was futile TO attempt TO pass the Ding
| ley bill. Upon this Senator sherman,
! with the concurrence of other rcpub-
| licans, announced that the bill was dead
! and IT would be useless to waste further
! time on it. This result was not uncN-
! pcctcd. 4 solid democratic opposition
! to the measure has been assured and
| there has never been any good reason
to suppose that any of the free silver
! eX-rcpubicans would support 1t. Such
! marplotS as Senator Teller have but
one object in view and failing to so-
| cure that they are Indifferent as to the
| interests and welfare of the govern
! mcnt Indeed they are prepared to
! sacrifice these If thereby they could
| promote the cause that is nearest to
their hearts, that OF destroying the
| existing monetary standard Whatever
! stands in the way of their purpose they
! can he depended upon to oppose, re-
| gardcSs of consequences to the credit
| and solvency of the government So
/ far as the democrats are concerned
| they may justify their position as being
consistent with their principles. They
are hostile to protection and the Ding
! ley bill is therefore rcpugnaut to their
views.
Senator Sherman declared that 1t is
crime for congress to fail to do
its paramount duty of providing
sufficient revenue for the expenses
of the government. In this the
great majority of the people will
acqucsce and let it be remembered that
the republicans have no share in
this crime The house of repre-
! scntatives passed early in the first
session an emergency revenue bill
which it was then estimated
would increase the receipts of
the government S4O,OOO,O0O annually.
1t went to the senate, where the repub-
licans made an earnest effort to have
it considered, but this was defeated by
the free Silveritcs. The senate rcpub-
| Leans decided to make another effort
at the present session. but having en-
COuntcrcd the same opposition they de-
terminCd that it would be useless now
to make further endcavor to secure rev
cnue legislation. The republicans in
both houses have done their duty ana
| they are relieved of all responsibility
for the failure to provide the govern
mGnt with more revenue at once.
OF course there will be an extra ses-
sion of the FIfty-ffth congress. 1t is
possible that Il new tariff bill will be
framed before the expiration of the pres
ent congress- but manifeStly it would
be useless to attempt TO pass it. and
were there any chance of new bill
getting through the senate at this ses-
sion it would fail at the hands of the
president. This is assured by what Mr..
Cleveland said in his annual message
regarding the sutlicicncy for revenue
purposes of the existing tariff law.
There will be no change in the tariff,
therefore, until ii can be effected by
the next congress. In the meanwhile
treasury deficits, amounting thus far i'm
the current fiscal year to upwards of
SI0,OOO.O0O, will continue. They may
not average so large an amount monthly
as during the past five months, but that
the receipts of the government will con
tinue to fall below expenditures so long
rs the present tariff is in operation must
he regarded as absolutely certain. There
Is also to be expected Il large increase
of impOrtatiOns pending the change in
the tariff, though this may be- somewhat
checked by the proposed provision that
goods in bonded warehouses before the
enactment of new tariff law must pay
the duties prescribed by that law There
is pretty certain, however. to be II flood
of foreign goods poured into the Amer
lean market before II new tariff bill can
become law, the effect of which will
be to defer Il full industrial revival here
The failure of revenue legislation pro-
posed by the republicans at this time
thus means an accumulating treasury
deficiency and an augmentation of i'm !
ports to the detriment of home indus |
tries Senator Sherman was right in de-
nouncing as almost Il crime the failure |
of congress TO provide against this
|
THE TIN INDUSTRY