The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-09-03

the policy suggested by the president and
the secretary of state and which had Sc
cured the attention and approval OF the
wisest statesmen in the last thirty years.
was policy that had come To stay with
the American people. There never was a
time more fitted TO try the plan or expert
ment than now, and 10 his mind the
amendment which he offered was the
most fitting solution Of the question.
Allison made a long statement Of the
receipts and expenditures OF the govern
ment and the probable effect Of the tariff
bill on finance. He said the total expen-
ditures for the current fiscal year would
be about sill,W0,0o0, and the total reve-
nues Including postal receipts and every
thing would be Si60,0OO,OO. III there
were no tariff bill To be
passed, and il the situation remained un-
changed, there would be q surplus OF
revenue over expenditures for the current
fiscal year of Si9,CO,OOD. He had not IN
cluded in the expenditures the amount
that would be paid for silver or the claims
against the government other than those
which have passed congress. He figures
out an increase of S27,0O0000, of reve-
nue. under the pending bill as against a
decrease OF SO5OO,OOO from putting sugar
| and other articles on the free list. So
SSb,JOO,0UO had To be taken from the
surplus Of Si9,0O0,0O0, leaving some Sl5,-
10000 Of a surplus NJ the end of the
year, paying nothing on the sinking fund.
Taking into account the balance now in
the treasury (Sl01.000,O0' and this sur
plus, Allison calculated. the secretary of
the treasury would have s7s,O0O,0O0 ON the
LIST OF July, 1881, unless in the meantime
he redeemed the AZ per cent. bonds, as
he lAllsonl hoped the secretary would
proceed to do without delay. He declared
IN his judgment IL was wise thing 10 take
OF the sugar duties. He had not the
slightest fear that there would he any
danger from IL to the treasury; certainly
not within several years 10 come. He was
also in favor {, ( further extension Of the
reciprocal trade. But he hoped that in
any such arrangement IL would he seen
To that the United States had its Just
share Of the bargain.
Gibson offered an amendment TO the
sugar schedule by adding the words
syrup Of beet, sorghum or cane" He
made an argument against the sugar
bounty proposition, and said IL was mis-
cradle dwindling away from Blaine's
broad and generous proposition OF full
reciprocity.
Sherman expressed his views on the
subject OF reciprocity, and spoke OF the
difficulties in the way Of reciprocity by
treaty. the first proposition of Hale's
amendment was most startling one. Ii
authorized the president OF the United
States without further legislation to de-
clare the ports Of the United States free
and open 10 all products OF any nation
OF the American hemisphere upon which
no export duties are imposed. Was Cuba,
he asked, a nation? He knew Senator
Hale said to-day that he meant 10 include
Cuba, but was Canada embraced in that
| list OF nations? lie had asked the sena-
tor that question and the senator had re-
| piled "no; that is quite different thing"
and yet IL any reciprocal trade arrange
ments were made with any country they
ought to be made with Canada. He went
on to criticize unfavorably Hale's amend
ment as one that would allow the free inn
portation OF wool, copper, zinc, iron. gold,
silver, lead ores, etc, but was informedb by
Hale that the amendment had not been
carefully drawn, but simply intended TO
propose the principle of reciprocity. His
own amendment had been intended 10
apply 10 only three or four articles-cof-
fee, sugar, rubber and nitrates. He was
reminded by Sherman that Cuba pro-
duccd no coffee aud no rubber, SO the ar
rangement with Cuba could only he as 10
the article Of sugar.
Hale-lf there is nothing 10 trade upon
with advantage there will he no trade
made. Tho plan which ! suggested is
comprehrr I'VE but il is not definite. II
there IL ~ TO make the bargain upon
that settles the question.
MIR. Sherman-My friend from Maine Is
whiting down this magnificent theory
until there Is nothing left Of IL.
Spooner suggested an amendment to
apply TO Canada, putting duty Of 10 per
cent ad valorem on green coffee. and 3
cents pound and 10 per cent. al yalorem
on roasted and ground coffee and 10 per
cent. on tea. These duties being initiated
from the Canadian tariff.
In the evening session Gibson moved as
a substitute for the sugar schedule the
paragraphs In the existing law imposing
duties on sugar.
Dolph concluded his speech against any
reciprocity with Canada in the matter Of
coal, timber, or agricultural products.
Vance argued in support of the amend
ment offered by him reducing the rates Of
duty on all manufacture Of steel and iron,
all woolen and cotton goods, earthen-
ware and glassware and all material used
for fertilizers when such goods are pur-
chased abroad 10y any citizen Of the United
States by exchange II the American farm
products, or by the proceeds Of the
sale Of such products. He said there
would be surplus tins year Of
five million bales Of cotton,
lO0,D0,ODO bushels wheat and 5O0.WO.OC
bushels corn. What was To be done with
all that surplus II the foreign market was
To be closedp And yet the American far
mer had been told by the venerable sena-
tor from Vermont MORRILL, that he pro-
duced too much. aud that the remedy was
To limit production, aud be had been told
by the senator from Connecticut lliawleyl
| IN hts,k tpan t,,alntainaI al
the United States for fifty years the
American farmer would come out after
wards rich and happy.
The senate at 10 y. IN. adjourned till to-
morrow.