Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-01-02
EMERGENCY BILLS.


Means Committee, I'm Spite of Democrtic
Protests, Formulate Two Bills for In
ereasing the Governments Revenue In
Accordance with the Request of Presi-
dent Cleveland.
WASHINGTON, Dec. 26.-The follow
ing is the full text of the revenue bill
which the ways and means committee
will report to the house to-day:
A bill to temporarily increase revenue to meet
the expenses of the government and provide
against deficiency.
Be it enacted. etc,
That from and after the passage Of this act,
and until August 1, 1898, there shall be levied.
collected and paid on all imported woods Of
classes one and two, as defined in the act
hereinafter cited, approved October 1, 1890,
and subject to all the conditions and limita-
tions thereof, and on all hair of the
camel, goat, alpaca and other like
animals, except as hereinafter pro-
vided, and on all noils, shoddy. garnctted
waste, top waste, slubbing waste. rowing waste,
ring waste. yarn waste. and all other wastes
composed wholly or In part OF wool, and on
WOODEN rags, mungo and foclls q duty equiva-
lent to 60 per centum of the duty imposed
each of such articles By act entitled AN
Act to Reduce the Revenue and Equalize Duties
on Imports and for Other Purposes" approved
October l, 1890, and subject to all the
conditions and limitations of said act:
and on all woods and Russian SAM
in said act approved October i. 1890, and sub
ject to all the conditions and Limitations
thereof, there shall be levied, collected ana
paid the several duties provided by such act
approved October l. 1890. Act paragraph 27s
of schedule X and also paragraph 6s5 in the
free list of an act entitled: An Act to Reduce
Taxation, to Provide Revenue for the Govern
ment. and for Other Purposes which became
law August p, 1894, are hereby suspended I'M
til August 1, 1898.
D Il
this act and until August 1, 1898, there shall be
levied, collected and paid on all imported ar
ticles, made in whole or in part of wool,
worsted or other materials described in sec
ton one of this act. except as hereinafter pro-
vided, GO per centum OF the specific pound or
square yard duty imposed each of such
articles by an act entitled An Act to Reduce
the Revenue and Equalize Duties on imports,
and for Other Purposes" approved October l,
1890. and subject to all the conditions and limi-
tations thereof, in addition to the ad valorem
duty now imposed on each of such articles by
an act entitled IAN Act to Reduce Taxation. to
Provide Revenue for the Government and for
Other Purposes which became a law August
% 1884, and on carpets druggets. bookings.
mats, rugs, screens, covers. hassocks, bedSideS,
art squares and other portions OF carpets car
petingS,made in'whole or in part of wool,the spe-
citc square yard duty imposed on each of such
articles by said act approved October l. 1890
and subject to all the conditions and limita-
tions thereof, in addition to the ad valorem duty
imposed on such articles By said act which be-
came law August ~ 1894,
SEC. B. That from and after the passage of
this act, and until August l, 1892, there shall
be levied, collected and paid on all imported
lumber and other articles designated IN para
graphs GA and 6S3 inclusive. OF an act entitled;
An Act to Reduce Taxation to Provide Rev
enue for the government. and for Other Pur-
poses,' which became law August %, 1894, a
duty equivalent to GO per cent. Of the duty
imposed on each of such articles by
an act entitled IAN Act to Reduce
the Revenue and Equalize Duties on
Imports and for Other Purposes approved
October l, 1890, ami subject to all the conditions
and limitations Of said last-named act; but
pulp wood shall be classified round
manufactured timber exempt from duty; pro-
vided that in case any foreign country shall i'm
pose an export duty upon pine, spruce, elm or
other logs or upon stave bolts, Shingle wood,
pulp wood or heading blocks exported to the
United States from such country. then the
duty upon the lumber and other articles men
toned in said paragraph 674 to 6S3 inclusive,
when imported from such country, shall oe the
same as fixed BY the law in force prior to Octc-
Der l, 1890.
SEC 4. That on and after the passage Of
this act and until August l, 1893. there shall be
levied, collected and paid on all the imported
articles mentioned in schedules A, Is. c. D, F.
G, II, l. ], L. Al and n of an act entitled: IAN
Act to Reduce Taxation, to Provide Revenue
for the Government and for Other Purposes
which became law August q, 1894. a duty
equivalent to Is per centum of the duty i'm
posed on each of said articles by existing law in
addition to the duty provided by said act Of
August q, 1894. Provided that the additional
duties imposed by this section shall not in any
case increase the rate of duty any article
beyond the rate imposed thereon by the said
act of October i, 1880, but in such case the duty
shall be the same was imposed by said act
And provided further that where the presen.
rate of duty on any article is higher than was
fixed by said last named act. the rate of duty
thereon shall not be further Increased by this
section. but shall remain as provided by exist
ing law.
The Financial Bill.
The full text of the financial bill
which is also to be reported to-day is
as follows:
A bill to maintain and protect the coin re-
demption fund and to authorize the issue of
certificates of Indebtedness to meet tempo
rary deficiencies of revenue.
Be it enacted. etc.,
That in addition to the authority given to
the secretary of the treasury by the act APP
proved January II, is75 entitled an act to pro-
vide for the assumption of specie payments, he
is authorized from time to time. at his diScre-
ton, to issue. sell and dispose of. at not less
than par, coin, coupon or registered
bonds Of the United States to IN
amount sufficient for the objert stated in
this section, bearing not to exceed three per
centum interest per annum, payable scmi-.in-
nually, and redecmable at tie pleasure of the
United States in coin after five years from
date, with like qualities, privileges and ex-
emptionS provided an said act for the bonds
therein authorized. And the secretary of the
treasury shall use the proceeds thereof for the
redemption of the United States legal tender
notes and for no other purpose.
Whenever the secretary of the treasury shall
oner any of the bonds authorized by this act OF
| by the resumption act OF 1873, he shall adver-
tise the same and authorize subscriptions there
| for to be made at the treasury department and
| at the subtreasuries and designated deposit
| tories Of the United States.
SEC. 2. That, to provide for any temporary
deficiency now existing or which may hereafter
| occur, the secretary of the treasury is hereby
| authorized, at his discretion to Issue certifi-
| Gates of Indebtedness of the United States. &c
an amount not exceeding s500O,OO0 payable in
three years after their date to the bearer in
lawful money of the United States, of the de-
nomination of $50, or multipleS thereof, with
annual coupons for interest at the
rate of three per centum per annum, and Il
sell and dispose of the same for not less thar
| an equal amount of lawful money of the United
| States at the treasury department, and at the
| subtreasuries and designated repositories OF
the United States and at such post offices as
he may select. And such certificates shall have
those like qualities, privileges and exemp-
tionS provided in said resumption act for the
| bonds therein authorized. And the proceeds
| thereof shall be used for the purpose pre-.
| scribed in this section and for no other