Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-12-02
THE SENATE AND THE TARIFF.
Prospects of the Passage OF the Dinr,.v
BILL

The SENATE AND THE TARIFF.
Prospects of the Passage or the DinEiey
Bin.
Inc people have declared by a popu-
TAR plurality of nearly million votes
mat they do not regard the free coinage
OF SILVER as "A sale experiment. by the
same overwhelming verdict il is fair TO
assume that they emphaticauy re-
pudiated the customs act which is now
IN force and which has failed To Weld
adequate revenues for the support of
the government
The question that is absorbing the
attention OF the people more than the
formation of President McKinley's
cabinet, is: win the silver senator's in
the Flfty-fourth congress heed the
verdict OF the nation and refrain from
Offering any distractions 10 the popu-
lar will? In the event of an effort TO
replenish the depleted treasury hy the
enactment of the Dingley tariff bill.
Will they resume their former tactics
and load il down with free silver
rider? &g
The condition OF the revenues is worse
nan it was year ago. The deficit for
the first four months and ten DAYS of
the current fiscal year amounts in
round figures 10 $3T 100000, and for the
first ten days of November to about S4.-
100000. The inflow of foreign gold and
the release OF gold hoardings at home
as result of the election have swelled
the treasury gold reserve some SO, OoO,-
GOO above legal requirements, but this
condition may change at any time, and
the available cash in the treasury is
subject to constant drain. The Ding
ley bill which was passed by the house
last December and buried under free
coinage amendments in the senate was
designed as temporary eXpedient to
meet pressing emergencies and pre-
vent the constantly recurring deficits.
IT was estimated that it would add at
least S50,000,00O year TO the revenues
while it was in force, the time for it's
expiration being fixed for August /,
1898.
Opinions differ as TO the ability of the
Fifty-fourth congress TO pass the Ding
ley bill at the coming session in De-
cember. Congressman Dingley and
many other republicans have little faith
In the disposition OF the free silver scna-
tors TO accept the results of the popular
verdict registered on November 3. and
do not hope for remedial legislation of
this character until President Mckinley
calls an extra session of the Fifty-fifth
congress in March.
On the other hand, news of an en-
couraging nature comes from many OF
the free silver senators themselves.
Senators Carter, of Montana: Clark and
Warren, of Wyoming; Brown, of Utah.
and Perkins, of California, announce
that they will not favor any obstruc-
ton methods in the interest of free
coinage, and express their belief that
tariff Legislation should have the right
of way. Congressman Newlands. of
Nevada, also urges prompt action on
the tariff separate from currency legis-
lation.
In view of this attitude OF the lead
ing champions of silver il would APP
pear to be the duty of the Fifty-fourth
congress TO make an honest and patri-
otto effort TO pass the Dingley revenue
bill, which would obviate the necessity
for the disturbance of the business OF
the country which would be incident to
q prolonged discussion of tariff in an
extra session in March. Independent OF
the action of the Fifty-fourth congress,
however, there is undoubtedly a strong
sentiment among the people in favor of
session OF the new congress immedi-
ntely after the Inauguration Of Presi-
dent Mckinley.
After a marvellous campaign Of edu-
cation the people have declared for Ger
tain economic policies. There is no rea-
son why the adoption of these policies
should be delayed until December. I s97.
Considerations Of trade and industry
demand that the tariff question be set
tied as quickly as possible. The st.
Louis platform demands settlement
Of this question along protection lines
and then "a rest for the country.
In the event Of failure 90 pass the
Dingley bill the only way TO secure a
prompt settlement Of the revenue qucs-
tiOn - 10 call an extra session Of CON
gress 90 convene on March .. Any delay
is detrimental TO the business interests
81 the country Chicago Times-Her-
AID