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VOLUME XC—NO. 110.
NEW REVENUE BILL. Tariff Measures Prepared by the House; Ways and Means Committee. A Material Increase io the Dutiet on Imports Made. A Bond Issue Also Provided for to Meet the Present Strain on the Treasury-Text of a Law Which Republican Members Send to Con gress as a Holiday Present, WASHINGTON (D. C), Dec. 26.—1n the House of Representatives to-day the full programme of the Committee on [Ways and Means so far as it referred to an early presentation of measures for revenue relief and for the issuance of l>onds in aid of the exhausting condition of the treasury reserve, was carried out by Dingley, Chairman of the committee, presenting both tariff and bond bills as they have been agreed upon by the ma jority of the committee. The bills were accompanied by the following reports: The Committee on Ways and Means, j to whom was referred so much of the i President's annual message, and so much of the annual report of the Secre tary of the Treasury as relates to reve nue and the condition of the treasury, and also the President's special mes sage, presenting the urgency of imme diate action of Congress in a direction calculated to bring relief, report that the committee appreciates the serious of the situation and the import ance of prompt remedies so far as Con ; '-an give them Your committee regards the chronic deficiency of revenue for the past two years and a half as amost potent cause of the difficulties which the treasury lias encountered, and an important fac tor in the creation and promotion of that serious distrust which has para lyzed business and dangerously shaken confidence even in the financial opera tions of the Government. It is as Im possible for a Government to have a v 'ntinuous deficiency of revenue for it wo years and a half without affecting its financial standing, as it is for an in dividual. It is impossible, also, for a Government to continue in this condi tion without casting a shadow of doubt und discouragement over all business operations within its borders. The serious fact which we are called upon to confront is that in the two and B, half years that have elapsed since July 1, 1893, this Government has had an Insufficiency of revenue to meet cur rent expenditures amounting in the ag gregate to about $133,000,000. And even in the first half of the present fiscal year the deficiency will reach about $20,000,000, und about $3,000,000 in this present month. And up to the present time there is no sufficient ground for -.pining that this insufficiency of rev enue will not continue during the re mainder of the fiscal year; and how much longer no one can safely predict. If the consequences of such a chronic deficiency were only the necessity of wing money to meet current ex- B in time of peace, even this would afford abundant reason for increasing the revenue. But the consequences are more wide reaching than that. In- Bufficiency of revenue has made it ne cessary to use the redeemed United . al tender notes to pay cur- ! rent expenditures, and thus to supply ! additional means to draw gold from the greenback redemption fund. In short, to create the "'endless chain" of which the Secretary of the Treasury com plains, and which has made it neces sary to sell issue after issue of bonds to replenish the reserve. This will be clearly seen when it is r> membered that Ihe Secretary of the Treasury has issued andsoldalittleover $162,000,000 ol •"» per cent o£n years. and 4 per cent, thirty-year bonds Crotn which he has realised about $182,000, --nd after redeeming $182,000,000 of United states legal bei with the proci '.-. he baa been obliged to Im mediately pay out $133,000,000 ■■:' these demand notes to meet current expendi tures and thus has furnished $133,000,- I Governmental demand notes to >iin an<l again used to draw gold from the treasury. Tt is evident that so long as there is Insufficient Revenue this performance ] will go on. and bond sale after bond sale will be required. It Is also evident that If there had beenasuffldency of revenue j • •(] legal tender not-s j would not have been paid out at and there would have been b i much less opportunity to draw gold from the ury. Indeed, there is good reason to be lieve that if in the first six months Of the distrust which Inaugurated the run the redemption fund, the treasury! had been receiving revenue more than adequate to meet expenditures, so as npararily hold the redeemed Gov •nt notes. the disposition to pre thse notes for redemption would d ije.-n overcome, Th;.t would undoubtedly been the case if the j mptien fund had been in. . spring of 1898, and never allowed 1 tan below th.- $100,000,000 mini- I the necessity for more nv from the point of view of main -4 the redemption fund i» not :y by the fact that we have 100.000 of cash in the treasury In addition to the $100,090,000, part gold. required for the redemption fund, and . i millions required as a working This $50,000, 100 ren ts $50,000,000 of redeemed United . r notes for i naption we borrowed $50,000,000 in gold. If we continue to pay thorn <>ut to m ' •■ ie:i. y of revenue, then Dtly they will come back asain to ihnmmmi more of bonds. The we need no ir>or< we have a cash balance of $60,000,000 of Government notes in the treasury that can be used to pi/ any deficiency for the next six or twelve months, is in effect a proposition to i'M-uo more bonds to meet s deficiency Which should be met at once by pro viding that revenue. In other words, those who oppose raising that revenue in such a situa tion, in effect—whether they mttnd so or not—favor borrowing In preference to paying as we go along. Your committee believe? that it is the duty of the House of Representatives, to which body the Constitution commits the inauguration of revenue bills, to frame and pass a measure that will yield not far from $40,000,000, suffi cient to put an end to the deficiency— THE RECORD-UNION. SACRAMENTO. FRIDAY MORNING, DECEMBER 27, 1895.—EIGHT PAGES. and to do this without delay, too, leav ing to others whose co-operation is re quired to finally place such legislation on the statute books to meet the re sponsibility in their own way. And the President's special message, setting forth so pointedly the seriousness of the situation and the necessity for the promptest action, only emphasizes the duty of the House. In response to the urgent call of the President, your committee have felt im pelled to act with all possible dispatch. Two facts have led your committee to look to an increase of customs duties as the most appropriate source of addi tional revenue. They are, first, the fact that we are already raising a dispro portionate amount from internal rev enue, which has always been regarded as a war resort —indeed, Jefferson took the ground that excise taxes should not be resorted to by the Federal Govern ment as sources of revenue in time of peace, and the Democratic National Convention maintained the same doc trine in ISB4. And, secondly, the fact that by increasing customs duties on imported articles which we can and ought to produce, or make at home, for revenue purposes, we can at the same time incidentally encourage stricken industries and materially aid in turn ing in our favor the balance of trade which has been so heavily against us all through this calendar year and which has caused a demand for gold for export, which our treasury has been called upon to supply. For so long as the balance of trade is against on account of excessive imports, we must export gold, or what is the same thing, promise to pay gold for the excess of imports over the exports. Your committee have not undertaken a general revision of the tariff on pro tection lines, as a majority hope can be done in 1897-99, not only because they know that such tariff legislation would stand no chance of becoming a law, but also because general tariff revision would require many months and the need is more revenue at once. We be lieve, however, that this need of more revenue is so great that a simple meas ure increasing all duties of the dutia ble list, and taking from the free list of the present tariff a few articles that w-ere always on the dutiable list until August 27, IN9-1. and which have al ways been important revenue produc ers, and limiting the operation o*: such legislation to about two years and a half—until the present deficiency cf revenue is overcome—ought to receive the approval even of those who do not favor protective duties on patriotic grounds, and that the fact that it may incidentally encourage the production of many articles that we require at home instead of abroad will not be re garded as a ground of opposition imder present circumstances. In framing the bill submitted for your consideration it has been neces sary, if action was to be taken proiTipt ly. to resort to a considerable extent tA a horizontal raise 3f duties, for tlf reason that it would have lequired months to deal with each article sep arately. Horizontal dealing with thrift3 cannot be justified in ordinary times, but if such an exigency as exists n«*W is so serious that the President felt it his duty to send us a special message of extreme urgency and especially for a limited time, it is not only defensible but is the only alternative. But while we have presented in the brief measure reported a horizontal in crease of 13 per cent, of existing du ties on all the schedules but two, which is an addition of less than 8 per cent, to the average ad valorem rate —giving about (15,000,000 revenue from that source; yet more than $23,000,000 of the $40,000,000 which is estimated this bill will add to our annual revenue will come mainly from wool, which is taken irom the free list and given a moderate duty, and from manufactures of wool, which are given a compensatory duty equivalent to the duty on wool (which Is always necessary when a duty is placed on wool), in order to give the wool-grower the benefit, and make it ie t>j manufacture woolens at home. The bill reported by your committee r ropuses to make the duty on Imported clothing wool GO per cent. oT the duty imposed by the Act of 1800, which would give an equivalent of G.G cents )>• r pound on unwashed wool, or about -1" per cent, ad valorem. This reduc tion from the duty of the Act of 1890 has been made because the restoration of the full duty in that Act might seem to be too great a change from the pres ent law to those whose co-operation it is necessary to secure in order to have any legislation. It is not a measure of what might be done when all branches ol the Government are in harmony with the majority of the House on protec tion lines. The duty on manufactures of wool is increased by specific duty equiv alent to the duty on wool. The duty on carpet wools is left at the '.',- per centum ad valorem, where it was $ In 1890. This is a purely revenue duty, as we raise very tew carpet wools. Such lumber as was placed on the free list by the Act of 1890, without the slightest justification, is restored to the dutiable list, but with a duty of only <RI per cent, of the duties provided by the Act of is:»»)—giving an equivalent of only about IS per cent. Such a reduc tion from the low rates of 1890 is justi fied only the ground that the object of >our committee has been to frame a 1 il! mainly on revenue grounds, in the that it would secure the approval ol those in official place whose co-op eration is essential to legislation, and who may be supposed to feel that in such an exigency as now exists the public necessity must control. Believing that such an Increase of revenue as is proposed is essential as a iirst step in the restoration oi' confi <\> nee and the restoration of the 11 • .is ury to a sound condition, aiul that other legislation to be*proposed to this end cannot be effective without ade quate revenue to meet the expendi tures Of the Government, your commit■ ■ mend the passage of accom panying bill, H. R. ,to temporarily Increase the revenue to meet the ex- B of the Government and provide osi a deficiency. The Committee on Ways and Means, to Whom was referred so much of the President's annual message, and of th<s report of the Secretary of tiv Ti ury as relates to the maintenance of the redemption fund, and the condi tion of the treasury, report that the Secretary <<f the Treasury now has the authority under the Resumption Act of 1875 to issue and sell ten-year 5-pi r cent, bonds and thirty-year 4-per-cent. to maintain the fund for the re demption of United states notes, and that he has sold 1100,000,000 of ( ription of bonds and about $62, --000.000 of the latter description of bonds in the past two years. As the redemption fund i:as de clined to almost sixty millions, the Sec retary requests authority to issue a lower rate and shorter time bonds in lieu of the higher rate and longer time bonds, in expectation that at an early date he will be required to soil addi tional bonds to procure coin for this end. The question involved is not v/hether or not bonds shall be sold for this purpose. The Secretary announces hi. c; -intention to avail himself of the authority given by the Resumption Act, and sell the high rate and long term bonds, and the only question is whether it is not clearly for the public interest that he should have authority to sell a lower rate and shorter term bond. Your committee think it is clearly in the public interest that he should have this authority. In granting this au thority, however, we have included in the bill a provision that the proceeds of bonds sold under the Act of 1875 and under the bill which is proposed shall be used exclusively for redemption pur poses, our object being to secure such a separation of the redemption fund from the ordinary cash in the treasury as will maintain and protect the reserve. We also provide that such bonds shall be offered for sale in such a manner as to invite investment among the masses of the people. The section of the Act reported au thorizes the issue of certificates of in debtedness of small denominations, payable in three years, and bearing 3 per cent interest, not to exceed $80, --000,000 in the aggregate, to meet tem porary deficiencies in the treasury, and to be used for no other purpose. In our judgment the Secretary of the Treasury should always have such authority as this to meet temporary deficiencies that are liable to arise. Unless this author ity is given, the Secretary will indi rectly use the proceeds of bonds sold under the Resumption Act for redemp tion purposes to meet the deficiency in the revenue as he has been doing the past two years and a half. Your committee therefore recommend the passage of the accompanying bill. "To maintain and protect the coin re demption fund and to authorize the is sue of certificates of indebtedness to meet temporary deficiency of revenue." TOPICS OF THE TURF. Good-Sized Crowd at the Bay District Track Yesterday, When the California Jockey Club In augurated the Opening of Its . Winter Meet inc. SAN FRANCISCO, Dec. 20.—This was the opening day of the California Jockey Club's winter meeting, and a good sized crowd was in attendance tit the Bay District track. The track was deep with mud, but three of the six favorites managed to get to the wire first. The G. H. Mumm handicap for all ages, at six furlongs, was the feature of the card, and was captured by the two-year-old Perhaps, who ran Poten tate to a standstill and won clever!/. The stake was worth $700 to the win ner. Five and a half furlongs, selling, Cus sie (12 to 1) won, Ottyana (3 to 1) sec ond, Crawford (12 to 1) third. Time— 111." 1:... Yemen, Soledad, Conde, Arun del, Kathleen, imp. Empire, Slaughter, imp. Trentola and Amigo also rar. Five furlongs, selling, two-year-old fillies, Princess Noretta (3 to 5) won, Ida H. (20 to 1) lecond, La Vinte o>t_> to 1) third. Time—l:o4. Easel, Casta nette and Free Will also ran. Six furlongs, G. H. Mumm handicap, all ages, Perhaps (12 to 1) won, Poten tate (coupled with Rosebud, 7 to 5) sec ond, Rosebud third. Time — 1:18. Ben ham, Installator, Ferris, Hart man, j Comrade, Miss Norma, Joe X.. Liber tine, Oregon Eclij*se and Yo El Rey also ran. Mile and a furlong, handicap. Serv ice <'•_. to 1) won, Julia ' '. (2% to 1) sec end, Fred. Gardner (IS to .") third. Time —1 :."»!». Wawona arid Peter the Srfe ond also ran. Seven and a half furlongs, selling, Montana <<"> to ~>) won, Zobair (1(> to 1) eecond, Collins (3 to 1) third. Time— 1 :.•■',. Detective, My Sweetheart and Malo Diablo also ran . Five furlongs, selling, for two-year old fillies, Tennessee Maid ('•> to 1) won, Virgte A. (4 to 1) second, Zeta (1 to 1) third. Time—l:os%. Viva, City Girl and Brigantine also ran. TO-DAY'S ENTRIES. sax FRANCISCO Dec. 26.—Follow ing are the events at the Bay District track to-morrow: First race, five-eighths of a mile, Ff 11 --ing. two-year-olds, Walter j. (103), Pearson (103), Endymion (97), Decis ion (97). Governor Budd (112), Charles tfl (97), I'na Que Amo (97). S> i und race, seven-eighths of a mile, selling, Lucky Dog (103), Don Gara (104), Theresia (98), Svengali (11S>, : George Miller (129), Heartsease (96), Abi P. (123). Third race, one mile sellincr. Duchess of Milpitas (94), Red Root (1ol'(, Oojle (89), Hy Dy (in: 1,). Tar and Tartar ■ (103), Navy Blue (94), Hanford (91), Centurion <1<>:;), Monita (103) Zara- L-. sa (101 I, Mary S. (103). Fourth race, three-fourths of a mile, Vinctor (112), Toano (109), Clacquer (112), Rey Aha (104), imp. Star Ruby (107), Alv.%ado (91), Model (104), Mc- Light (112), Flashlight (112). Fifth race, one mile, handicap, Roma (9.~>), Strathmeath (108), MontaiVO <'.•:■>, I LOO). Sixth race, five-eighths of a mile, selling, two-year-olds, Salisbury 11. (100), Ban Manns (97"), Lady Leinstir llOO), Phyllis (100), Elsie (97), Prince Hooker <1<MI), Fireman (100). AT NEW ORLEANS. NEW ORLEANS, Dec 26.—Summa ries: Fifteen-sixteenths of a mile, Adah L. won. James V. Carter second. Queen third. Time—l:42. Seven-eighths of a mile. Souffle won. Mamie G. second, Romance third. Time 1:36. Eleven-sixteenths of a mil<\ Billy Frnm-tt won. Artist second, Dave Pul sifer third. Time—1 :.".<;. One mile, Prig won, Squire G. second, Lillian EL third. Time—l:47' j. • 'tie mile and seventy yards, St. Leo won, BpendoHne second, Nero third. Time—] :"il':. —■♦ — Nearly Ended in a Riot. EL.YRIA (O.), Dec. 20.—A riot was nearly caused in Grafton yesterday by the priest Of the church there denounc ing a young woman as being a "bad woman." She went to him, accompa nied by her sister. It is charged that Father Clair struck her a heavy blow. A crowd soon gathered, and there was much excitement. The trouble was caused, it is said, by the lady keeping company with a Protestant. No ar rests have been made. PASSED IN THE HOUSE. I The 'New Tariff Bill Receives a Large Majority on Final Vote. Republicans Stand Solidly for the Re port of the Committee. The Result of the Vote. Two Hundred and Five Ayes to Eighty-One Noes, the Latter Being Democrats and Populists—Long Debate Over the Question by Members of Both. Sides of the Ilouse. WASHINGTON, Dec. 2<\— The prom ised debate on the revenue measure pre pared by the Committee on Ways and Means attracted to the House to-day an attendance which filled the galleries to their utmost, and filled the seats with many more than a quorum of members. Immediately after reading the journal Dingley (Rep.) of Maine reported from the committee a bill "to temporarily in crease the revenue to meet the ex penses of the Government and provide against a deficiency," together with a statement of the reasons why the bill should be passed. Crisp (Dem.) of Georgia explained that the minority of the committee had no opportunity to prepare their views in opposition to the bill. Henderson (Rep.) of lowa offered a resolution from the Committee on Rules j providing for a vote on the revenue bill j just reported at 5 o'clock this afternoon. H*e stated that he supposed gentlemen understood that another bill from the Committee on Ways and Means would be reported to-morrow. The bill to be discussed to-day, he said, was in no sense a general revision of the tariff, but one to provide revenue needed at once. The President had aroused pub lic sentiment by sending two messages to Congress, and the money centers vsere desirous that something should be dtne to allay the excitement caused by the feverish declarations from the White House. The House differed from the President probably as to what was necessay to be done to relieve the coun try and the financial situation, but the bill under discussion contained what the House, or a majority thereof, be lieved to be necessary. Crisp (Dem.) of Georgia said members of the House should not blindly follow the dictates of the rule, but vote upon it as they deem to be best for the interests of the country. The bill reported was a general revision of the tariff, whatever i might be said to the contrary, for it af l fected every schedule in the bill. The rule brought in deprived the House of the right to consider the bill in Com mittee of the Whole, as well as of the right to discuss it under the general rules of debate and the five-minute rule, and also to offers to amend it. Every Republican member was expected to vote blindly for the bill without know ing anything about it or its probable effects upon the people represented by them. Dalzell (Rep.) of Pennsylvania, a member of the Committee on Rules, said there was no man with&n the sound of his voice who did not know that ever since March 4, IK9JJ, the revenues of the Government had piled up, steadily increasing the deficiency. The Presi dent and the Secretary of the Treasury had been alarmed, and the former, turn- I ing to a party in Congress not his own, I had asked it to act speedily for the re lit f of the public, even going so far as to require it to forego the usual holiday recess. It was not, he asserted, a gen eral tariff revision, but an emergency revenue measure. Did Mr. Crisp not remember that the present tariff bill, more than GOO amendments, none of which were considered in commute •, was driven through the House in two hours by the terms of a rule prepared by the gentleman himself? (Applause.) It was, he said, what the Republican party always did, to rise above party prejudice or passion, and In response to the President's appeal, to give tlie country the relief he had asked. (Ap plause.) McMllln (Dem.) of Tennessee fol lowed. He said he would give the an swer to Dalzell's question, which that gentleman had failed to do. It was to pass a general tariff bill affecting every cne of the 4,000 articles on the dutia ble list except sugar. The Republicans were in power again and proceeding as they had previously done. He said: "<;o ahead, gentlemen." IfcMiUin said: "The same power which deprived you of place and authority will Uo it again.*' (Applause.) Turner (Dem. of Georgia pleaded for time in which a respectful discussion of the momentous issues involved could be had. Henderson (Rep.) of lowa, concluding the argument for the adoption of tlu rule, said this was a business proposi tion for the relief of the business peo ple. When the Bayard resolution v\as under discussion in the House the other day, Henderson said, the Republicans were taunted by Crisp with fear to take responsibilities. "For I'll show him to day whether we are afraid of responsi bilities. (Applause.) Whether a Repub lican or a Democratic President sits in the Executive chair; whether we are threatened with ballots or bullets, whether we are confronted with a de ficiency or a surplus. Republicans are always ready to assume all rightful and necessary responsibility. When the : democratic ass falls into a pit of its own making, with the burden of na tional responsibility upon its back, the Republicans will work on Sunday to get it out and set the country on its feet again. (Laughter.) The gentleman from Georgia, Mr. Crisp, has said that this was a bill to tax the people. My (.U>d," ho exclaimed, "the House of Repre sentatives hasn't the power to vote to pay back to the people the millions of which they have been deprived since the Democratic party came into power on the 4th of March, 1893." Linney (Rep.) of North Carolina asked Henderson if the rule could not be amended so as to permit Democrats to OH ■ ■;• amendments. Henderson replied that it was not I practicable; that differences were dan ! gerous. Crisp said the gentleman from North Carolina was a new member, and had not yet learned the kernal of the situa tion. The resolution -providing for a vote on the revenue bill at ."> o'clock was agreed to —ayes 213, nays 88. I The following Republicans voted against the rule: Messrs. Connolly (111.), Heiner (Perm.), Linney (N. C), and Wilber (X. V.)- Otherwise the vote | followed party lines. The bill was then read In full. Dingley (.Rep.) of Maine, Chairman ' of the Committee on Ways and Means. I opened the debate on the side of the i majority. He said that when the Presi dent's special message was read at the Clerk's desk last Saturday informing Congress that there existed a serious condition in the finances of the country and the Federal Treasury and appeal ing to the Senate and House not to take a recess until relief was afforded, every member felt that there was imposed upon the House not only a special re sponsibility, but an urgent demand for immediate action; and that it was the duty of the House to remain in session until some measure of legislation was passed that would afford relief to the exigent state of the treasury. The Committee on Ways and Means had taken the matter up and proceeded to consider what measures of relief should be proposed. The first thing that had attracted the attention of the Commit tee on Ways and Means was that for two years and a half there had been a constant deficiency of revenue; until that want had become chronic. He knew that gentlemen on the other side claimed that the revenue was suffi cient, but the fact was that from the Ist of July. IS!*."'., up to to-day there had been an insufficiency of revenue to cover the current expenses of the Gov ernment to the aggregate amount of $123,000,000. The deficiency for the current year was over eighteen and one half millions, and for the current month of December the deficit had approxi mated $3,000,000. What then did the gentlemen mean, and what did the Sec retary mean in saying there was no need of additional revenue. They meant that with the proceeds of the sale o( the bonds and the use of greenbacks the receipts exceed the expenditures. It seemed to him and to the majority of the Committee on Ways and Means that the first course to be taken was to legislate so as to provide sufficient rev enue to meet the expenditures of the Government. Dingley wt-nt on to discuss and to up hold the bill in detail, and said that if it became a law it would not only increase the revenue by over $40,000,000 a year, but would also give to the business in , terests of the country the moral influ ence of a Government which was sol vent, which paid its debts, and whost credit was second to no Government on the face of the earth. (Republican ap plause.) Crisp said that the bill, in order to be responsive to the request of the ■Presi dent, ought to be in line with the sug gestions that come from that source. , He insisted, from Secretary Carlisle's n port, that the cash balance in the treasury on the Ist of December. 1895, , was $170,000,000, being $98,000,000 in is of the gold reserve, and $77,000, --. niii) in excess of any sums necessary to build up the gold reserve. There was, , therefore (quoting Carlisle), "no reason , to doubt the ability of the Government to discharge all its current obligations , during the present fiscal year and have a large cash balance at its close, with out imposing additional taxation in any ', form on the people.* His friend from p Maine, Dingley, knew—no one better— that there was in the treasury to-day, , over and beyond the gold reserve, more . free money—three times over—than any deficiency which might occur during the fiscal year. It was not a question of borrowing money to meet expenses. The money was already borrowed, and . was in the treasury; and the question , was whether it should be used now, or whether the House should rush, post . haste, to impose additional burdens on the people in. ordflr to pile up money in the treasury. Crisp went on to taunt the Committee or. Ways and Means with reporting a i bill for a horizontal rise of duties after all the ridicule which had been cast on Morrison's bill fora horizontal cut; and • he said that the effect of the pending ; measure was to declare that the Mc- Kinley Tariff Act was (30 per cent, right ' and 40 per cent, wrong. (Laughter.) He quoted McKlnley's criticism of the i Morrison bill as patchwork and a proof of indolence, and said that on the issue i of the pending measure the parties i would go before the people in the next Presidential campaign, and that he had ! no doubt that the people would respond ! as they had always responded, in favor • of themselves—that was, in favor of lower taxes. (Democratic applause.) Wheeler (Dem.) of Alabama .spoke • against the pending measure. : Payne (Rep.) of New York, a member • of the Committee on Ways and Means, ' | said that the Republicans in the House being ready to meet the responsibilities i which was on them to-day had pre < sented a bill to increase the revenue. • Two years from now, however, they 1 j would meet the responsibilities of that hour, and would present to the House ' and Senate and to a Republican Presi dent a bill for the protection of Ameri ' can labor and agriculture, and would i write it on the statute book. The gentle -1 man from Georgia had said ihat there had been a deficiency of revenue under ; the Tariff Act of 1880. He (Payne) as > sorted, however, that Act had pro . duccd sufficient revenue not only to meet all the expenditures of the Gov : eminent down to the Ist of November, ■ 1892, but to put into the treasury a sur- I plus of of over $38,000,000. He could not > stop to describe the other benefits of . the Tariff Act of 1890, which were • "known and read of all men. You have . borrowed $181,000,000 since you came i into power, and if not the treasury ! would have been bankrupt in a sum of over $6,000,000. Do you want to con . tinue that same thing? Do you want to > deal with a syndicate that will have a I profit of $0,000,000 on a loan of $60,000, --000? Does not your cheek blush in ; j shame at even the newspaper sug . pestions (whether true or not) that one ! of the European Powers is offering gold > to our Government to help us out of the ; difficulty? Is it not time that the Amer i ic:m ceased to be put in the position of ; a mendicant and supplicant to the Gov -1 ernments and syndicates of Europe • begging for gold to replenish the treas > ury? ! "Two remedies are proposed. The ! President says it is necessary to nego • tiate a loan of $4,000,000 to retire the greenbacks, while there is not a busi l ness man who does not see that such a ■ proposition as that would ruin and de > stroy the country. Are atiy of you in favor of carrying out the President's : scheme, and retiring greenbacks and ■ treasury notes by issuing four or five millions of bonds?" 1 Grosvenor (Rep.) of Ohio said that he 1 gave his support to the pending meas " ure because it was a revenue measure and because it was demanded by the i '' message of the President. If it was not I so demanded, then the President was guilty of an assault on the integrity I of the treasury, a charge which he WHOLE NO. 16,910. could not lay at the door of an Ameri can President. The discussion was ended for the opponents of the bill by Turner (Dc-m.) of Georgia. The administration of Pres ident Harrison, he said, came Into rower with a surplus in the treasury over the gold reserve of $243,000,000. It turned over to the present adminis tion, four years later, a surplus of $62, --000,000, of which $54,000,000 belonged to the fund deposited in the treasury for the redemption of greenbacks. The Secretary of the Treasury had hoped as had been stated, to issue bonds to protect the gold reserve and to meet deficiencies in revenue. It was under these embarrassing conditions the Dem ocrats returned to power in 1893. That party said the remedy for the situation ■was not to raise taxes, but to lower them, and it went forward courageous ly and passed a law putting the princi ple into operation. Under tbat bill wages went up from New England to California, and exportations from the United States had Increased. There lay behind the bill, hesaid, a motiv, which was not apparent on its face. It spoke with a sort of popgun report upon one oi- two articles in the tariff bill. The Republicans should. Turner said, send an apology to W. M. Springer amid the Indians, where he Is now located. (daughter.) "A resolution of thanks." he said, "was also due to the Demo cratic party for furnishing the plank upon which the bill was frarc I tariff for revenue only." The bill was read a third time, and on the question of its passage the and nays were called, resulting: Teas, L'C.": nay?. 81. The vote was on strictly party lines, the Populists voting with the Demo crats against the bill. Newlands iSil ver) of Nevada voted aye. Cannon (Rep.) of Utah offered a joint resolution, which was passed, calling upon the Governor and Secretary of State of Utah, upon the Issuance of t!i» Executive proclamation announcing Its admission to the Union, to turn • i all the public property in theu session, including that of the Utah Commission. Under 'over of debating the r turn, Bailey (Dem.) Of Texas had read what he described as a substitute for the bill to be presented, reported by the Committee on Ways and Mean's. It directed the Secretary of the Treasury to coin all silver bullion now in the treasury purchased under the Sherman Act of 1880 into standard dollars, and With them to redeem the notes I under that law. At .Vlu o'clock the House, on motion cf Dingley (Rep.) of Main.', adjourned. GOLD RESERVE. Resolutions Passed l>y tlio "New York Produce Exchange. NEW YORK, Doc. 20.—The members of the New York Produce Exchange at a meeting at noon to-day unanimously passed the following: resolution: Whereas, The members of the New York Produce Exchange view with con cern the depletion of the gold reserve of the United States Treasury in distrust of the Government's ability and deter mination to meet its obligations, tend ing to gravely injure all business inter ests and disastrously affect values; therefore, Resolved, That we strongly urge upon Congress the necessity of taking, in ac cordance with the recommendations contained in the recent message of President Cleveland, such immediate action at this time as will meet the ex igencies of the case and restore public confidence in the financial ability and integrity of our Government, and we appeal to the patriotism of our repre sentatives to see that the action taken is free from any political bias or party prejudices which might endanger its success; and the President of the ex change is directed to transmit a copy of these resolutions to the President of the United States Senate and to the Speaker of the House, and to each member of the New York delegation in Congress. RAILWAY CONSTRUCTION. Small Amount of Mileage Built the J'ii^t Year. CHICAGO, Dec. 20.—T0-morrow's is sue of the "Railway Age" will contain the following in regard to the railway construction during the past.year: Railway building in the United States reached this year a lower point than in any of the last twenty years; indeed, in only two years since 1865, thirty years ago, has so small a mileage been built. Records for 1895 now show only 1,782 miles of track laid—a tremendous decline from the great year of 1887, when almost 18,000 miles wore put down. In the eight years since that time the decrease in construction has been great and continuous, and this year the total built was only about I'tii miles more than in the year 1855, forty years ago. Fifteen States made no increase in railroad mileage at all last year.onlyone New England State —Maine —laying any track, and that only eighty-six miles. The "Railway Age" thinks the bot tom has now been reached, and predicts great activity during the coming year. The railways of the United States on December 31st will aggregate a little oyer 181,000 miles. The claim is now made by those east bound lines which have been most ac tive in cutting freight rates to the East that they were obliged to do so on ac count of the contracts which were on hand when the Presidents' agreement was made, and which could not be nul litiiil. These contracts, they claim, will end at the beginning of a new year, and the agreement will then be rigidly maintained. LIQUOR TRAFFIC. Governor Morrill of Kansas Thinks It Should be Under State Control. TOPEKA (Kas.), Dec. 2(l.—While Governor Morrill is very much of a Re publican in many ways, he is quite a Populist when it comes to the solution of the temperance question. He favors State control of the liquor traffic. The Governor declares that he is the enemy of the open saloon, and does not want to be understood as opposing the woik of the temperance society. He simply believed that State control of the liquor traffic would bring better re sults for the temperance cause than prohibition. "If I have occasion to make another temperance speech," the Gov ernor added, "I will talk for State con trol." Fire in an Illinois Town. McLEANSBORO (111.), Dec. 20.—A fin?, which caused a loss of $85*060, oc curred here this morning at 3 o'clock. The general stores of Asher and Led better, J. EL Robinson and T. G. Ber ■.•idge & Co. and the residence of J. Baberger were burned to the ground. The insurance on stocks and buildings is about $33,00 U.