The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-20

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| five exceptions, voted against the report.
| The exceptions were Slayden of Texas,
| BroUssard of Louisiana, Meyer of LOuisi-
| ana, Davey of Louisiana and Kleberge of
| Texas. The Populists and silverites did not
vote soidly. Mr.. Shafroth of Colorado and
| Newands of Nevada silverites abstained
| from voting. Mr. Hartman silVerite, of
| Montana, did not vote. The Populists who
voted against the report were as follows:
| Baker. Barlow, Botkin, Fowler Jett Lewis,
| Marshall. Martin, Peters, Simpson. Strowd
| and Vincent Four did not vote-Howard,
Kelly. Stark and Switzerland. The other
| POpulists were absent.
| An analysis of the vote shows that 1s4
| Republicans and five Democrats voted for
| the report, and 106 Democrats and twelve
| Populists against it.
The bill becomes a law on the date of its
| passage.
PRESENTING THE REPORT.
The House presented an animated scene
| long before the speaker raped that body
to order to-day. Members stood about in
groups and discussed sometimes in ex-
cited tones, the result of the conference
| agreement on the tariff bill The final con-
| ference report on the general deficiency ap-
preparation bill was adopted. This out of
the way, Mr.. Dingley arose. Holding aloft
| the report and a great mass of papers he
said in calm tones Mr.. Speaker, 1 desire
| to present the conference report on the
tariff bill"
| Salvos of applause from the Republican
| side greeted this announcement. An effort
| was made to secure an agreement for a
| vote Mr.. Bailey said the minority desired
three days, but knowing they could not
| obtain them, would be satisfied with two.
| Mr.. Dingley refused to agree to this say
| in, Talk at this time is very expensive 1T
| costs the treasury $l00, COO a day.
Not expensive as the ten days YOU
| spent in arranging the sugar schedule with
| the Sugar Trust" retorted Mr.. Bailey.
| followers.
Mr.. Dingley. in reply. pointed out that
never before in legislative history had
| tariff bill been in conference so brief
| time. The Mckinley bill had been in con-
| terence two, weeks, and our friends on the
| Gratis, lin 1894, were in conference six weeks
without ith53 reach reaching ar, an agreement
| was that were trying TO run the Demo
| cratic party with a lot of mugwumps in
| command daughter and applause on the
| Democratic side)
| Mr. Dingley continued his efforts to fix
| time for vote, the Republicans during
the discussion crying, Vote, vote, vote"
Il suggest wait until sugar stock goes
up little higher" said Mr. Bailey, sar-
castically. 1T has gone up Sc a share since
! the agreement was reported"
All efforts to reach agreement having
failed. Mr.. Dingiey opened his speech on
| the conference report. He took up each
schedule, explaining in detail the changes
made and following closely the formal
| statement given out by the committee.
Concerning the sugar schedule Mr. Ding
| ley read from the official statement adding
brief comments. By the new arrangement
about 81 600, 600 increase of revenue would
be realized as the increase had been placed
would be received and at the same time the
| beet sugar industry will receive substan-
| tial benefit.
STOCK GAMBLERS ESCAPE.
When Mr.. Dingley referred to the elimin-
alton of the stamp tax, Mr. Todd of Michi-
gan, Democrat asked him if he then con
fessed' that they had abandoned the idea
| ~
''Not at ALL" replied Mr. Dingley. We
| discovered that the sales on Wall street
could not be followed No record is kept.
The machinery of collection would be too
| complex
| Mr. Cooper Republican, of Wisconsin,
wanted an explanation of the net result
| of the change in the sugar schedule.
| Mr.. Dingley explained it along the lines
of the statement submitted by the con-
ferees. The differential TO the rehner, he
said, was exactly the same as the House
bill. This started a volley of questions
about the sugar schedule.
Mr.. Johnson, Republican, Indiana, wanted
to know if the increase in the rate on re-
fined sugar would not increase the profits
Of the trust the anticipatory importa-
tions of raw sugars.
Mr. Dingey explained the impossibility
of preventing these profits. After a calcu-
lation he affirmed that the refiner of sugar
under the present Wilson law had a differ
| entail of 2212 cents per hundred pounds
| agreed to by the cOnferees.
AS TO the question Of revenue to be raised
by the bill Mr.. Dingley pointed out the diff
| tculty resulting from the large anticipatory
importations The bill next year, he cal
culated, would raise 1925 600 600, SIS 000 600
more than the present law. over $40 900, 900
had been lost in this years revenues by the
| 1mportatiOns of wool and sugar and other
! things the duty which was raised in the
bill so that he calculated that the bill this
| year would raise $685. 000, ,000 Mr.. Dingley
revenue produced by the Bill would not onIv
n 10 Il ,ft h.,
| government, but allow a Republican ad-
ministration to begin again to pay off the
| principal of the public debt, which had been
increased BY the late administration. In
| conclusion Mr.. Dingley received round after
round of applause from his Republican col
leagues by predicting as result of the en-
| actment of this bill a rise of prices and
restoration of prosperity.
Mr.. Wheeler, Democrat of Alabama
| opened the debate for the Democrats, crit
| cising the bill the most vicious and
| burdensome ever imposed on the American
and agricultural classes Mr. Wheeler re-
New York market to-day, and said this
was the clearest evidence of the benefits
conferred on the Sugar Trust
Mr.. Swanson, Democrat of Virginia,
member of the ways and means committee
to whom Mr.. Wheeler yielded a portion of
his time devoted his attention to assail-
conferees lie asserted that the proposed
schedule gave sugar double the protection
received QnUer In0 present law. 1t had
been loudly proclaimed, Mr.. Swanson said
that the House conferees had won a brill
liant victory over the Senate on sugar and
he had seen in the morning papers pictures
of the speaker of the House with the Sugar
Trust crushed and bleeding under his feet
He then compared the two schedules to
show that the duty on refined sugar in the
Senate schedule and the new schedule were
exactly the same, and he figured out that
the trust would receive a differential on
refined sugars of ninety-two degrees (the
average of sugars imported) of 4 cents per
hundred pounds more than the House
schedule.
SUGAR GONE UP $36.
I'VE might be mistaken here" continued
Mr.. Swanson "We might not be able 10
figure out this complicated schedule, but
there are those who make no mistake. They
are the holders of the trusts stock. They
know the effect of the intricacies of this
schedule When this bill was reported to
Congress, Sugar stock was worth s1O8 a
share. To-day it is worth $144 The stock
has gone up $36 a share since 1t became
evident that this House and this Congress
intended to give this gratuity to the trust
(Democralc applause), and since newspaper
pictures have appeared portraying the
speaker with his heel on the throat Of the
trust, the stock has gone up $11 a share
tRenewed Democratic applause). One more
such victory over the trust as this gentle
men, and the stock will go up to 5000
Uaughter)
Mr.. Lacey (Rep., Ia.) asked Mr.. Swanson
whether the trust had not made great
profits in 1894, by anticipatory importations
lust as the trust probably would make