The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-08-09
COMPROMISE RuMoRED.
It is Asserted That the President vii Sign
q Tariff Bill Soon.

WASHINGTON, Aug. After the
meeting of the cabinet Friday night,
four members announced, each to a
! different person, that an agreement
had been reached by the senate and
house conierees on the tariff bill. The
basis of agreement was not disclosed.
but one of the most distinguished
members of the cabinet said to united
press reporter: You can announce
that the president will sign tariff bill
within ten days"
The foregoing, bulletined by the
united press, spread rapidly through
the city and caused much excitement.
No one of the four cabinet ofHcers who
spoke Of the settlement would divulTe
the terms, but the inference xas strong
~ conveyed that the senate bill with
not very material concessions is the
basis Of the agreement.
The paramount reasons that seem to
have brought about an adjustment
were stated to be the absolute necessi-
ty for cessation of the period of uncer-
tainty in order that the government
finance might recupcrate, gold exports
stop, and the country be given an OPP
portunity to resume business, which
has almost come to standstill because
Of the long drawn out delay.
From ether sources it is learned that
the sugar schedule that will be agreed
to, and which has been accepted by the
house conferees, is as follows: Forty
per cent. ad valorcm on I'll raw sugar,
the duty to be collected. however. on
the basis of the saccharine strength.
In addition to this there is to be differ
entail to the refner of one-fifth of cent
pound, and discriminating duty
against those countries that pay an ex-
port bounty on refined sugar equiva-
lent to the bounty SO paid.
It is understood that the government
will also regulate in some way the
prices of foreign sugars so as to pre-
vent any attempt to juggle with the
quotations,
II any faith at all can be put ia the
signs that manifest themselves about
the capitol. Saturday will witness the
beginning of the end of the tariff con-
ference. There is every indication that
the democratic members will get closer
together Saturday than they have at
any time yet.
This is due to the faot that the sugar
schedule is thus practically out of the
way. Though every member of the
conference denies that there has been
any agreement there seems no longer
any reason to doubt that they have
agreed as to what they will do when
the time comes to act.
The house conferees have always
held that there was hidden away in the
schedule of the senate bill Z protection
to the trust THAI greatly augmented
th6 differential one-eighth that was
given them, and they have commended
that this should be removed Upon
this basis they make the demand that
the text Of the bill should be changed.
and in spirit of concession the senate.
to that extent. yielded.
AS now prepared Ia the sugar sched-
ple, it is claimed there will be abso-
lutely no hidden protection for the
trust, tax being levied on pure sugar,
and that nothing can accrue to them
through the process Of refining. The
rcfner will be given adifferential duty
of one-ffth of cent n pound on re-
fined sugar, and q discriminating
duty levied against such countries as
pay an export bounty on refined sugar
equivalent to the amount of that
bounty.
1t is figured out by those who advo-
cate this duty that 1t is not any better
for the trust than the former SEIZED.
ule, although this is denied in other
quarters.