PASSAGE OF THE WILSON TARIFF BILL.
Second Session of the 53rd Congress--Recommendations of the President
Concerning a Revision of the Tariff Laws--Bill Reported to the
House by the Committee of Ways and Means--Supported by Chairman
Wilson and Passed--Received in the Senate--Report of the Senate
Committee on Finance--Passes the Senate with Radical Amendments--
These are Finally Agreed to by the House--The President Refuses to
Approve the Bill--Becomes a Law After Ten Days--Defects in the Bill
--Not Satisfactory to Either House, the President or the People--
Mistakes of the Secretary of the Treasury--No Power to Sell Bonds
or to Borrow Money to Meet Current Deficiencies--Insufficient
Revenue to Support the Government--A Remedy That Was Not Adopted--
Gross Injustice of Putting Wool on the Free List--McKinley Law
Compared with the Wilson Bill--Sufficient Revenue Furnished by the
Former--I Am Criticized for Supporting the President and Secretary.