The herald., 1897-02-06

kot COR white pine, this wood was raised
70 its old rate in the act OF 1883, wnlch
is S2 per 1000 feet sawed. The manufac-
lures of pine cIapboards and shingles
are raised correspondingly, so that al
forms of white pine will pay the same
duty as spruce.
- 1854. but when the Mckinley bill was
4 Vramed. the rate was reduced to 81, SO
that in the new bill it will pay twice the
rates of the Mckinley act.
The Wilson act placed lumber and
aearly all forms of wood on the free
list. Under the revised Mckinley sched-
Nle timber, squared or sided, VIII pay
one-half cent a cubic foot; sawed boards,
blanks and other lumber of hemlock.
white wood, sycamore and bass wood,
n per 1000 feet board measure, ard
other sawed lumber 81 per 1000 feet.
Lumber, planed or finished, will pay o0c
10OO feet in addition for each side planed
or finished, and so cents more per 1000
feet when tongued and grooved.
x Cedar pests, ties. telegraph and tele-
phone poles paid 20 per cent ad vaaorem
Under the Mckinley law; sawed boards
and planks and all forms of sawed ce-
dar, ebony, mahogany and other cab
met woods not further manufactured
than sawed, paid 20 per cent ad valo-
rem; casks, barrels, empty barrels, 80
per cent. and furniture 80 per cent.
IMMIGRATION MATTERS.
The conferees on the immigration bill,
which was yesterday recommitted to
them, reached a second agreement to-
day The requirements in the first re-
port that immigrants shall read the
English language or the language or
their native or resident country is
changed so as to require them only to
read 1.-The English language or some
other language" This section was also
amended SO as to admit the illiterate
wives and minor children of immigrants
who are otherwise qualified and capable.
Section nine, which authorized immi-
grafton officers to take into CUSTODY i'm
migrants who obtain admission to the
country by fraud or deception. was
stricken out to meet the objection thatit
contained matter which had not been
acted upon by either house of congress.
I Senator Lodge, manager of the bill on
the part of the senate, says he thinks II
will now pass without any serious oppo-
sition, as changes have been made TO
meet most of the material objections
Senator Hill. who was ore of the critics
of the original report, says that ne VIII
never support IL.
THE CANAL BILL.
Senator Aldfich and other friends OF
the Nicaragua ll,have had conference
with Speaker Reed, and other house
leaders during the day regarding the
possibility of the bill being brought up
in the house in case it should pass the
senate. The result is that the bill Will
be abandoned in the senate next Mon
Gay and the bankruptcy bill brought
forward.
Friends of the Nicaragua bill while
in majority, doubt ifthe senate can pc
IL, l. haf
fty of their efforts unless there is some
assurance that the bill will receive con-
s;deration in the house. Nothing but
a physical test will bring the bill to a
vote now and large number OF those
supporting the bill will not subject II TO
such a test when it Will not even be
taken up in the house The conference
today convinced the senators that the
Nicaragua bill will not receive consid-
Grafton in the house anG they decided
that it was better TO withdraw it,
~ A CONTEST DECIDED.
" The house committee on elections to-
day decided the Hopkins-k encall elsc-
tior contest. from the Tenth Kentucky
district in favor of the sitting member,
Ayho is a Democrat. a minority report
will be made.
ARMOR MAKING.
ate committee on naval affairs in re-
gard to the report on arnor plate was
made public today. The report shows
that General Manager II c. Ericke ot
the Carnegie company submitted VIII
ten proposition agreeing to leave the
sum of the differences between the com
pany and the United States to arbltra-
tion, and that General SuprinteEdeft
Schwab went even further than Mana
ger Fricke's letter, dated New York.
February 1st who said, among other
things:
Two items we ask to be left to arbi-
tration. The government appointing
one and we another; these two third,
and a decision OF the majority to be
final"
The terms specified were: First-An-
nual dividend, 6 per cent on the capital
stock. for which he contended as Just
Second-He contended that the sinking
fund allowed to cover depreciation .s
only about per cent of the cost of the
plant which he thinks is too low.
Schwabs statement Of the position of
the company On the subject Of arbtr1-
tion was brought out BY q question froa
follows:
McMillan-Is it true that the profits
paid hy the government practically paid
fer oil the plant?
Schwab--No. sir: it is not true, be-
cause the profits have been calculated
on false basis. We cannot show you
that without showing YOU over The
books We have refused to show them
for good niaay reasons. In no branch
OF our bIsiucss dc we consider our mon
ey as poorly Invested as in arnor. There
IS no branch Of the business that has
given us so much trouble. SO much
worry, and in which we think we have
sucn poor outlook as We have in arInor.
There is nothing which would please US
better and We are thoroughly in earnest
when We say we would like the govern
1ncnt to take our plant. We have I'M
doubte1ly the best plant in the world
Senator Smith-At what cost do you
propose?
Schwat-We will FIX The value by arhi-
tration. the value Of the plant ana pro-
cesses and everything. They all arr
subjects of arbitration and valuation.
Senator Smith--I4et me ask whether
your plant is so separated from your
other works that it could be sold to the
government?
Schwab--It could be- 1t is so divided:
* is so situated.
Mr.. Schwab said that The navy dc
partment estimate was about 221h per
cent too low ON original material The
cost of fuel, heating, forging, bending
and HarYeyizing was estimated at on
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