Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-06-05
But THERE WAS LIVELY TALK FIRST
Some Direct Charges of SpecuIa-
ton in Stock.
DEBATING THE BRAwLEY BILL

this character had been before Congress
for years and he had always opposed them
because. in his opinion. they seemed to
invite the construction Of a pier in the
Hudson river. He believed such a pier
would be serious obstacle to commerce.
but on previous occasions he had been
overruleo by the committee and the Sem
ate. In this bill he had secured amend
ments which left the question Of the pier
to the Secretary OF War. ana having en-
tire confidence In that official he thought
as a reasonable man he should make no
objection. The bill was then passed with
out division and Messrs. Vest. Murphy
and Frye were named as conferees.
On motion of Mr.. Powers (MontD a bin
authorizing the Missouri River Power Com
pany to build a dam across the Missouri
river was passed; also on motion OF Mr..
Quay Pa) a bill authorizing the con-
struction OF bridge across the Mononga-
hela river at Homestead, Pa, was passed.
More Talk ON Sugar.
At 1880 the tariff bill was laid before the
Senate and the sugar schedule was again
taken up. Mr. higgins Oel) opened the
debate with a general assault on the sugar
schedule and an argument in favor OF con-
tinuing the bounty provision of the Nc
kinley bill
Sugar Planters Favor n Bounty.
Mr.. Aldrich interrupted Mr.. Higgins to
send to the clerks desk and have read a
telegram Just received from Daniel s. Fer
ris secretary OF the sugar planters con-
vention of Louisiana. declaring that the
sugar planters favored bounty in prefer
ence to the duty provision OF the bill
Mr.. Chandler N. H.) followed Mr.. Hig-
gins with some vigorous criticism Of the
pending amendment to make the repeal of
the sugar bounty go into effect January i.
lsa5. Following the line Of Mr.. Aldrich yes
ord h. al hat i'm IA IN Of
the bounty until the beginning OF next year
was virtually giving the sugar planters on
this years crop three instead of two cents,
as under the Mckinley law, and one cent
other respects made a reduction Of duties.
In the case of sugar IL was an increase.
MIR. Frye interrupted Mr.. Chandler to
protest sarcastically against the New
Hampshire Senator's attempt to apply to
this bill any of the ordinary rules OF legis-
lation. IL was, he said. an anomaly. II II
passed It would pass without the honest
support of single Senator. The influence
behind il was all outside the Senate.
Mr.. Chandler's Direct Charge.
Mr.. Chandler agreed with Mr. Frye The
bill was, he declared. a bargain and was
TO be forced here by some mysterious in
fiuence. Il believe" said he. hotly, that
Senators have speculated in sugar stock
and / hope that we will not have final ac-
ton on this bill until the committee charg-
ed with the Investigation OF all these scam
daloUs rUmors completes its work. IL Is
due TO the Senate and the country no
matter what votes are Uast today. not TO
act upon this bill until the committed,
headed by the able and apright Senator
from Delaware CAIr. CrayD. shall have
completed it's investigation os the length,
breadth. heighth and depth Of all the as
PERSONS cast upon the Senate In connec-
ton with the influence Of the sugar trust"
Mr.. Chambers direct charge. made on
his own responsibility, that Senators had
speculated in sugar stock. created some
thing of a sensation. He proceeded TO call
Mr.. Vests attention 10 an editorial In the
Kansas City Times in which the Times
declared that IL believed certain Senators
had been bribed into voting for this bill
by that mammoth agency. the sugar trust.
Mr. Chandler did not believe bribery rad
been resorted to. but ke reiterated his be-
lief that Senator's had gambled in sugar
stocks.
What the Trust VIII Make.
Mr.. Vest. who was in his seat. made no
reply. Mr.. Aldrich stated that from his
calculations the change in the date on
which the schedule was TO go into effect
would net the sugar trust ss4.coo.ooo. He
discussed the prices of raw and refined
sugars in the various markets OF the world.
contending that the 40 per cent ad valorem
and the one-eighth of a cent would give the
sugar trust a differential of at least ~ cents
On the hundred pounds. Not a pound Of
refined sugar, he said would be imported
under this schedule. The foreign cost OF re-
f1ning sugar, plus a reasonable profit he be-
lieved was about l-2 cent a pound. The
American refiner got in the shape of pro-
lection under this schedule 40 per cent this
foreign cost of refining, together with the
two differentials. one-eighth and one-tenth
cents, or AZ cents per pound
This he thought was as near an accurate
statement OF the effect of the schedule as
could be arrived at
Mr., Aldrich reverted to the question of
fha rtCsa ~ g.. n
said that a trust did exist. but not the
present trust. 1t was not then the gigantic
corporation II is now.
Some Lively Talk.
"was there any such speculation in SUI
gar stock then as now?" asked Mr.. Hale.
There was not" replied Mr.. Aldrich.
THE stock underwent no such fluctuations"
1T went up 35 points," interjected Mr.
Vest, in three weeks. There were then the
same lies the same fabrications. the same
attacks on public men as have character
lied the consideration OF the pending bin"
Il never heard OF any such intimations
until now," replied Mr.. Aldrich. Il have
never heard that any scandal tainted the
Mr.. Sherman also insisted that the truss
OF 1880 was not the trust Of today
Mr.. Brice Comes Forward.
do you know what the capital OF the
trust of 1890 was?' asked Mr.. Brice 0Ohio,.
coming aggressively forward.
Il do not" replied Mr.. Sherman.
'It was $4,000 oo0," said Mr.. Brice. ..Tae
stock OF that corporation went up from Us
to 95 The stock advanced s20,oOO.Voo in
virtue of the action of your committee"
Between what periods did this fiuctua-
ton occur?' asked Mr.. Aldrich
Between May and October" replied Mr.
Brice. emphatically adding, as he turned on
his heel: After the representatives OF the
sugar trust had made their agreement with
those who controlled the BILL"
Mr.. Aldrich protested that he did not
understand what the Senator from Ohio
meant by an agreement existing between
the sugar trust and those in power in 1890.
! but he did know that the sugar trust had
dictated the sugar schedule I'm the present
bill. who dictated the 60-cent protection
in the Mckinley bill?' inquired Mr.. Vest.
passionately.
mo one"
1.-The sugar trust" said Mr.. Vest. "and
you, yourself, admitted IL. In the record
you said you could not resist the arguments
of the Philadelphia sugar refiners."
In the midst Of this interesting and rather
sensational debate, In which elimination
and denomination occurred, the hour OF L
O'Clock arrived, and under the agreement
the vote was taken on Mr.. Jones amead-