Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1897-07-14

Ile senate was III SESSION. uuIlHs
she entire day of the 9Th and while
rpast of the citizens were enjoying
th,s holiday they were endeavoring
toDMsh the tariff bill to final vote.
One important amendment relating
to stamp duty on bonds, stocks,
aebenturrs, etc., was adopted. This
amendments imposes tax OF bets
each on .ch 800. 90 of bonds
issued by company or corporation
aud Gets for each 800. 90 worth
of stock issued by company. Each
loud on certificate stock is to
bear stamp of the required value,
A1d without the stamp such stock
sur bond is to be void. 1t is made
a crime punishable by fine and i'm
prison ment to counterfeit these
stamps.
Another amendment proposed
provided for general tariff inquiry.
The ,aqulry is to consist of three
nae.n Jers who are 10 be general
Apr Users designated by the secre-
tary of the same p lttieal faith.
n majority Of which snail be of the
same political faith. Tho duties of
this commission shall be to investi.
gate the condition of any industry
IF the untry and recommend to
the secretary IF the treasury what
legislation ii any is needed to de-
gelOp the industry or protect those
engaged in it. They shall also have
power to visit any part of the I'm
ated States, and one of thier mem
hers shall have power to 60 to
Esreign countries to investigate the
iE.ffsIstries and labor problems of
sneh countries. They shall also
make such special investigation as
The secretary of the treasury shall
direct The reports of this commits
sion shall be printed and distributed
TO senators and representatives to
be used by them as basis upon
which to found legislation. It is
thought tn such commission,
after it had become familiar with
us work, greatly facilitate tariff
legislation. This commission would
be the opening toward perman-
EFT tariff bureau which would In
a few years be familiar with the
industrial condition of the world
and could recommend such changes
1a the tariff laws as would pro-
anee the required revenue or give
the required protection to struggl-
ing industry and thereby relieve
congressman of much of the work
to make themselves famil.
lar W til the operation of tariff la W
and with the industrial conditions
throughout the country and in for
elgn countries.
A provision for reciprocity with
sther countries was inserted in |
place If the reciprocity provision
fvE retaliatory duties was adopted
~ "a vote Of 80 to 10. By this pro-
VISION when other countries pay an
export bounty on any article when
supported into this country said
tax to be equal to the |
amonnt of the export bounty paid |
by the home country.
Senator Allison in reply to ques-
lions of senator Teller stated that |
from all the information available
it was believed that the bill as now
framed would yield revenue |
amounting to $3.50, 900, 900. tine
FIRST year and probably 200, 900, |
600. the second and subsequent
sears. 1t will produce at least
$50, 600, 900. year more than the
lresent bill and will cover the de-
tieit occurring under the present bill.
If, however we have any more
billion dollar congresses the bill
aaall not furnish sufficient revenue.
1t is understood that the presi.
4ent eontemplates an entire change
I2a the civil service commission.
IAhe civil service reform question
sas occurred much attention since
mis- administration came into pow
ex, and there have been many com
Ielaints of the manner in which the
mBal service law was administered
NJ. L |