The Caucasian. (Clinton, N.C.) 188?-1913, 1896-01-02

enue ana egualIZe duties on imports
and for other purposes" approved Oc-
tober j, 1890, and subject to all the con-
dItions and Limitations thereof, in ad-
dition TO the ad valorem duty now i'm
posed on each of sucl. articles by an
act entitled "An act to reduce taxa
ton, to provide revenue for the gov
eminent, and for other PURPOSES
which became law August q, 1891:
and on carpets, druggets, bookings.
mats, rugs, screens, covers, hassocks.
bedsides, art squares, and other por-
tions OF carpets or carpeting, made in
whole or in part OF wool, the specific
square-yard duty imposed On each OF
such articles by said act approved Oc-
t0ber ], 1880, and subject to all the
conditions and limitations thereof, in
addition to the ad valorem duty i'm
posed on such articles by said act
which became law August ~, 1894.
SEC. 3. That from and after the pas
sage 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 70 G,3, inclusive, Of an act
entitled AN act to reduce taxation, to
provide revenue for the government
and for Othec purposes" which became
law August p, 1894, duty eduiva-
lent to go per cent. Of the duty i'm
posed on each Of such articles by an act
entitled AN act to reduce the revenue
ana equaliZe duties on imports, and
Tor other purposes" approved October
l., 1870, and subject to all the conditions
ana limitations of said last-named
act; but pulp wood shall be classed as
round manufactured timber exempt
| from duty: PrGsided, That in case any
foreign country shall impose an export
DUTY upon pine, spruce, elm, or other
| logs, or upon staye bolts, shingle wood
pulp wood, or heading blocks exported
TO the United States from such coun-
try, then The duty upon the lumber
| and other articles mentioned i'm said
| paragraphs Ga to GS3, inclusive. when
imported from such country, shall be
the same as fixed by the law in force
prior TO October |, 1890.
| SEC. 4. That on and after the passage
OF this act, aud until August ], 1898,
there shall he levied, collected, and
paid on all the imported articles men
| toned in Schedules 4, Is, G., ID, +, G., Ii
!, j, j., NJ, and n, Of an act entitled
AN act to reduce taxation, to provide
revenue for the government, and for
other purposes" which became a law
August u, 1894, a duty equivalent to
ID per cent. of the duty imposed on
each OF said articles by existing law in
addition to the duty provided by said
act of August ~, 1891: Pr0ridcd, That
the additional duties imposed by this
section shall not in any case increase
the rate Of duty on any article beyond
the rate imposed thereon by the said
| 40 e n,fn ~, I,,& 1,
the duty shall be the same as was I'M
posed by said act and prorided further
That where the present rate of duty
on any article is higher than was fixet
by said last-named act, the rate o.
duty thereon shall not be further in
creased by this section, but shall re
main as provided by existing law.
: The vote as it appears in the Con
: gressional Record shows the ayes 227
nays 81. The only divergence from
party lines were as follows: Baker, o
Kansas; Bell, of Colorado; KEN, o
Nebraska; and Stroud, of North Caro-
lima, all Populists, voted against TIN
, bill. Hall, Missouri, and Spencer, Mis-
= sissippi, (Dems.,) voted for the bill a
, well as Howard, Alabama, and Skin
r ner, North Carolina, POpulists, an;
Newlands, Nevada, silverite.
The Record has AZ men not voting.
Twenty-eight pension bills were in
4 troduced.
FRIDAY, DEC. =! SENATE.
9 Thirteen pension bills were intro
/, duced.
q The Senate INDUCED in quite dis
y cussion on the financial question.
S Senator Hill introduced the follow
Q ing:
4 Resorrcd by tie Senate and House {
a Representatives., etc., That any bond
70 hereafter issued under the laws now i
force may, in the discretion of the SEE
rotary of the Treasury, be made pay
able in United States gold coin of til
present standard weight and fnenes
or in standard silver dollars, at I'll
N option of the holders of such bond
=. but no bond containing such optic
,s shall bear a rate of interest eXceedin
- 3 per cent. per annum, payable qua
terly.
After some debate Senator Mario
= Butler offered as a substitute for Sen:
!, tor Hills resolution, the resolution
introduced on Saturday, Decemb'
2lst, reported above. Speaking to h
resolution, Senator Butler said:
s. "The Senator from New York sa,
JC lntTe Is ITO Httt lOI IcNcHuc, ViidC u
is bonds to be issued are to enable tt
e. Treasury Department to keep up II
p gold reserve. | have been looking f
I'd some law for the GOLD reserve and ha'
I'd not found it. 1t seems to be an arb
p trary matter. The resolution | ha
introduced is intended to interpr
the law as it stands now and as Il
n people of this country understand
u and it directs the Secretary of t.
to Treasury to obey the law. In Il
opinion. of a large number of the Pc
o. pie of this country, if the law had be,
Obeyed in letter and spirit as it was d
clared by Congress on the 2Sth of Fee
ruary, 1873, that all our coin Oblig
ro lions should be paid in gold and silv'
- the emergency message of the Pre-:
al dent would not have been sent in a
nd there would have been no crisis. L
ar answer | wish to make now to t
- message and to the resolution of t
F.. Senator from New York is to offer tt
"a resolution and ask the Senate to ps
no it, calling upon the Secretary of t
nn;Ss Treasury to obey the law as we III
nd understand it. l wish not only to e
ret ter protest, against the message
the statement that we are bound
to pay in gold and that our credit is L
Of good, but L wish TO protest against d
On statement that the coin obligations
,ol the government must be paid in g
,a and the government must borrow g
ars to do it when we have other resOur'
in to pay our debts according to the let
NE of the law.
the Senator Allen, POp.D speaking
fol- the resolution, said:
Mr.. President, if there be neeC
af- any proof of the money power tt
ntil controls the affairs of this governme
led, we have but to turn back to the scel
ted transpiring in London and New Y,
in few days ago. When the Preside
Oc- OF the United States sought to rede
on his lost fortunes in the estimation
on the people by the issuance of his We
and zuelan message and precipitated
,in panic IN LONDON, Immediately tn
,od- was a threat of sending back our Sc
III rities here. and 1915 900 600 vera