, 1890-08-07

"And how Is the trust able to pay you
million dollars for what is worth only
$500, ,000 and pay dividendsY'
ut proposes TO increase the price Of
the product"
''Ihe offer has been accepted" said
Mr.. Mcpherson, "and tho price has been
increased to an cxtent sufficient to en-
able tho trust to pay dividends on any
amount of capital II sees fit to fix, ana
yet In the congress- of the United States
there is great political party. claiming
to be first In intelligence, first In patriot
ism, first In justice and In right, voting
to put rate Of duty on these lead
products that Is absolutely prohibitory,
and that will enable this trust, or COM
bine TO fix any price 1t plcases and rob
the people to any extent It pleases."
Finally the discussion came to an end
and tho vote was taken on Mr.. Vance'a
amendment which was rejected by a
party vote--ayes 81, noes 20. The
amendment offered by Mr.. Vance to re-
duce the duty on red lead from 8 cents
to 2 cents a pound met with the same
fate.
The paragraph making white lead 3
cents pound was, on motion of Mr.
Aldrich, amended by adding the words:
"And white paint obtaining lead"
MIR. Vance moved to make the duty on
white lead 2 cents a pound instead OF 3;
rejected-ayes, 81; noes 22.
There was no suggestion rs to the par
agraphs as to the phosphorus and BIZ
chromate and chromate of potash.
Paragraph No. 69was amended on mo-
ton of Mr.. Aldrich, making 1t read {;
''Hydrate of potash, refined, in stocks
or rolls, / cent pound" instead Of IA
cents.
Carbonate and sulphate of potash and
sponges we're placed on the free list.
The duty on sulphate Of soda was
changed from 1-10 cent per pound to 20
per cent. ad valorem.
Finally the schedule was reached
which refers to earths, earthenware and
glasses.
MIR. Mcpherson made n motion to re-
duce the duty on pressed brick, which
failed ta carry. Mr.. Plumb voted with
the democrats. this being the first break
In the solid party vote.
organized that the bill was to go through
substantially as IL came from the finance
committee. He believed in distributing
raising revenues for the support of the
government in surh u way rs to cqualize
tho conditions existing between the
manufacturers of this country and those
abroad. IL he were in doubt, he would
resolve his doubling in favor Of the
American manufacturers; but II he
knew the exact conditions he
would put the home and foreign
manufacturers on the same footing
hA
owed some duly to the American people
as well as TO the manufacturers. The
democratic party had its full share OF
responsibility for the iniquities of the
present tariii law, aud of that which was
now proposed. The democrats in the
house had had opportunity to correct
the errors and wickedness of the Nc
Kinley bill. but they had sought to evade
the responsibility of voting, when by
joining with the republicans who were
opposed to that bill they might have
eliminated many OF Its errors. He could
see the game at battledore and shuttle
cock between free trade and protection
constantly going ON for political ad-
vantage on one side and personal ad-
vantage on the other, and between the
two extremes the great body of the
American people were being crushed
and ground down. He would apply the
rule that whoever demanded u tax Tor
his own benefit should be ready to show
conclusively that his interests were at
stake.
Mr.. Sherman replied to Mr.. Plumb.
He concurred with the senator in the
statement that propositions made to tax
the people should not be supported,
unless there were good grounds for them.
He went on to speak OF the growth OF
tho crockery industry in the United
States, and said that such an industry
was not to be ignored. The prices of
chinaware were less now than the duties
on the ware ten yeais ago.
Mr.. Vest modified his amendment by
respectively, but it went over, and the
senate adjourned.