The National tribune. [volume] (Washington, D.C.) 1877-1917, 1896-01-09
TUESDAY, DEC. 81.

In the Senate, Mr.. Sherman introduced the
following resolution, which was listened to
with keen interest in view of the Senator's
uttersnces against the retirement of the green
backs. He gave notice that on Friday he
would submit some remarks upon il. The
resolution was as follows;
ResolUed That by injurious legislation by the
SD Congress the revenues of the Government
were reduced below it's necessary expenditure and
the funds created by law for the redemption of
United Stntes notes has been invaded To- supply
such deficiency Of reserve: that such misapplica-
tion Of the resumption fund is of doubtful legality
and greatly injurious 10 the public credit and
should be prevented by restoring said fund to the
sum OF not less Than 500 00J 600 ~ gold coin or
bullion, TO be paid out only ia The redemption of
United States uoios and Treasury notes. and such
notes when redeemed 10 he reissued only in ex-
change Tor gold coin or bullion.
Mr.. Mitchell Ore, X. then took the floor
and submitted some remarks upon his resolu-
ton instructng the Committee on Finance 10
insert in any revenue measure that came from
the House the wool schedule from the McKin-
ley tariff. Mr.. Michel declared that nothing
had received such staggering and deadly
legislative blow as that inflicted upon the wool
industry by the Wilson tariff act 1t had
drained within the last year $S5, coo 600 in gold
90 pay for foreign wool, and had occasioned
loss 10 woo-grOwers OF this country of more
than 81 600 600. He said that unless this legis-
lation WAS changed the sheep industry Of the
Pacific coast would he wholly annihilated. An
opportunity was now offered 10 correct the fla
grant wrong.
Mr.. Mitchell said the tariff bill passed by the
House will probably increase the revenue
S40O00,000 year. Amended as it should be-
by aiording wool. lumber, barley, hops and
other agricultural products adequate protection.
il will give an additional revenue Of $50 coo 600
and place paddock upon the so-caled endless
chain" by which gold is drawn from the Treas
ury. stop all necessity for further issue OF bonds
and rescue from impending ruin the wool and
other agricultural interests of this country
Mr.. Mitchell declared that if the Secretary
OF the Treasury had paid the demand obiiga-
lions OF the Government in silver as well AS
gold, he would have been sustained by the
supreme law Of the land aud by all outside Of
those enveloped in the atmosphere of the Wall
street and Lombard street gold syndicate.
Mr. Mitchell said that be would favor an
amendment striking out the Limitation Of the
Dinghy bill to two and half years. He claimed
that the bill WAS also Objectionable 10 Republi-
cans generally because Of the horizontal feature
the ad Valorem system, the classification Of
rates in the schedules, and because it fails to
deal as IL should with the free list of the present
Jaw. Nothing but great emergency would
justify Republicans in voting for it.
In the House there was a very brief session.
Mr.. Cummings Of New York, introduced bin
providing that there shall be in the Army of
the United States 10 regiments of artillery Of
IL batteries each, 10 regiments of cavalry Of -
companies each, 80 regiments Of infantry Of IL
companies each.