Omaha daily bee., 1896-12-16
SLIDING TARIFF ON SILVER
Secretary Wakefield of the Protective Tariff
League Has Plan,
DUTY INVERSE TO The MARKET PRICE
when the white Metal Is Low the lm-
port VIII lie High. aud Thus
stability In Price May
lie Had.

WASHINGTON, Dec. l5.-CSpocial Tele-
gram)-Docidod interest was manifested to-
day among members of the house In a report
that silver was to be recognized as bullion
In the new tariN bill. which is to be framed
by the ways aud means committee, and that
a duty was to be imposed thereon, Wilbur
T. Wakcman secretary Of the American
Protective Tarin league, is probably more
largely responsible Cor this rumur than
any other person connected with the tariff
discussion. He has been laboring with the
ways and means committee for two days, with
the idea of having the committee recognize
silver as commodity, subject to all
rights and duties Of other articles OF COM
mercC. 1t is proposed that there shall be an
elastic duty laid upon silver which is best
illustrated in the following: III silver is
quoted at 40 cents per ounce, then the duty
would be 30 cents. II 60 cents per ounce,
then the duty is to be 80 cents. and so
fuctuating to the end, and ii silver should so
to premium, then the duty should be placed
on gold" He asserts that twenty-five coun-
tries place a tarih on silver and believes
that in this way, conditions now obtaining
would cease to exist as to this commodity.
In the subdivisions OF the ways and means
committee intrusted with the framing of the
new tariff bill schedules c and Il sugar and
Payne of New York, chairman; Grosvenor,
Dingley and johnson. Schedule (ilaN,
hemp and jute) will be under the supervi-
sion of Steele, chairman Tawney, Johnson
of North Dakota, and Hopkins. Schedule u
(lumber) will be in charge of Dingley chair
man; Tawney, Evans and Dolliver. Schedule
III Spirits, wines ctcO, Evans of Kentucky,
chairman; Russell and Dingley. Reciprocity
will be under the direction Of Hopkins, Dolli-
yer, Tawney and Dingley. Schedule X twool
and wooens) Dingley, GrUSvenor and Dolli-
yer. Schedule c (ngriculture). Tawney, Dol
liver, johnson Of North Dakota and Steele.
Senator Allen introduced bill today to
pension Daniel c. HeTerman of Dakota
county. Nebraska. Also tho petition of citi-
, 2Cns of Valentine praying for the passage
OF the bill introduced by himself giving
the state certain military lands. He intro
duced a bill directing the secretary of the
interior to make surveys and report upon the
cost of erecting reservoirs i'm certain rivers
throughout the United States, Nebraska be
ing represented in the plat by the North and
South Loups, Republican and Elkhorn rivers.
The bill approprates SlOOO,O0O, to carry out
the provisions of the act
Senator ThurSton presented the petition OF
10000 colored citizens of the United States,
praying for the passage of the bill to provide
for the erection of national memorial
home for aged and nfirm colored persons in
the District of Columbia.
The application of the following persons
for authority to organize the First National
Bank of West Liberty, Ia, with a capital
OF $4,000 was today approved: /. A. Nichols,
c. +. Chosebrough, A. Lobeck w. NJ. Nc
Fadden.
John j. Chapman was today commissioned
postmaster at Bagley and John II. Grass
field at Paris, la.