The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-13

amendment cents per one hundred pounds
1t was &c cents in the schedule adopted
yesterday against q cent in the present
law. He went into an elaborate caIcula-
ton, using, he said, Mr.. Aldrich's figures
as basis and challenged the majority to
d1sproVe his calculations These figures -
said he passionately. should be admitted
or disproved that senators may take their
responsibility here" The schedule he in
excuse he had head advanced was that of
Senator Allison yesterday that this duty
was imposed, not for revenue but to en-
courage the beet sugar industry
"Oh, Mr.. President" cried Mr. Vest in
conclusion. our experts may be mistaken
we may be in the fog ringing our bells
but 1 repeat again what l said the other
day. that there was one set of men in this
country who were not mistaken. Our
IrkISls,o Ir1enas IN Wall street know what this
schedule means" he said. his voice rising.
Within four hours after this schedule was
reported Sugar stock went up Sc a share.
from 11S to 124. Last night it closed at
1855. Does anybody believe that Wall
street does not know what protection this
sehedule gives to the trust? If the protec-
tion had been reduced Wall street would
have responded as my hand responds to
my brain. The cry in Wall street is: The
trust has got all it wants. Up with the
flag or protection that puts money in our
pockets"
MR.. M'ENERY'S SPEECH.
Mr.. McEnery (Dem.. louisiana, who yes
terday voted for the sugar schedule, fol-
lowed Mr.. Vest. 1t was his maiden speech
in the Senate. and much interest was
manifested as he began In opening, he
referred to the denunciation of the Sugar
Trust as a corporation which was crushing
the lifeblood out of the consumer. But
that trust was not the only organization,
he said, which was meeting with the con-
demnation of the people and threatening to
reduce them TO beggary or starvation. In
the South, he declared there was a trust
that sought to throttle the people. Beside
it the Sugar Trusts expressions and ex-
actions were insignificant. 1t was the trust
which controlled a new process for baling
cotton. That company sought to bale and
control the cotton of the South. Its in
terests were directly opposed to those of
the cotton planters The interests of the
sugar producers, on the contrary were
hand in hand with those of the Sugar
Trust The interests of both We're bound
up together. If the ditferential on refined
sugar was not maintained blow would
be struck the producer. and every big
factory would be idle. Il don't see the pa
triousm," shouted Mr. McEnery in stem
torian tones, "of trying to bring down the
Sugar Trust, an institution more national
than any other dealt with by this tariff
bill. Why should senator's on this side of
the chamber strike at US? Why should
sword be run through the body OF an in
fant to reach the body of a giant? 1t is
not brave nor manly, nor courageous"
He went back and reviewed the history
of sugar production and said it showed that
with proper protection and legislation we
would produce all our own sugar and would
export sugar. 1t would require $50 factories
to make this sugar. Those factories would
cost the enormous sum of $3.50, 1000. Every
section of the country would be benefited.
considering the vast interests Louisiana
has in rice and sugar" continued Mr.. Nc
Emery, considering the output of her saw
mills, her salt and sulphur mines, is there
any reason why the Democratic party of
my State should not be committed to pro-
lection, not high protection, but such pro-
lection as is consistent with revenue neces-
sities?"
Mr. McEnery at some length recalled his
political career to show that as far back
as 1854 he occupied the same position on
what you WILL. said Mr.. McEnery pro
lection, revenue duty with incidental pro-
must be raised and there is no reason why
the industries of the South should not be
protected" He then proceeded to read a
carefully prepared argument in favor OF
the protection of home industries. MIR. Nc
Emery charged inconsistency to those DEM
ocrats who sought protection for their local
interests, but who opposed protection as a
system for the whole country. He should
always vote, he said, for measures of BEN
eft to the interests of his state SO long
as those interests did not conflict with the
interests of other localities. The enactment
of this measure, he said, in conclusion,
might restore confidence and pave the way
for the complete regeneration of the coun-
try through the free coinage of silver. Mr..
McEnery spoke for nearly two hours.
then taken. 1t was rejected-yeas, 20;
nays, 50.
SPEECH BY MR.. LINDSAY.
Mr.. Lindsay then took the floor in sup
port Of his amendment to strike out the
differential on refined sugar and place all
sugars on an equality. The Kentucky sem
ator said the jusu1ication of this schedule
offered by Senator Allison was not that it
produced revenue, but that it would build
up the industry of sugar production both
beet and cane, in this country. And now,
he said, we hear from the senator from
Louisiana (McEnery) that in order to build
up the sugar industry we must maintain a
gigantic combination of capital that oper-
ated as an undisguised trust that controlled
so per cent. of the sugar produced and sold
in this country. The trust did not need and
should not have assistance. rms Schedule
would, he said, tax the people $IO,2O0 600.
IF we mean business, tnterposed Mr.
Allen, "and we desire to destroy THIS sugar
trust, why don't we go into court and by
quo warranto or other corporation process
dissolve the trust?
this bill is passed. TO see an amendment en-
grated on it which will enable the courts
to protect the people from tne aye avarlce ,,2 OF
this corporation But because the courts
have failed to do their duty it is not for
the legislative department to give an ad-
ditonaI subsidy to the trust. A., g..
"No steps were taken during the four
years of the last administration, again in
terposed Mr.. Allen.
Here Mr.. Vest broke in to the debate to
insist that proceedings had been instituted
in the federal courts, but the Supreme
Court had decided in favor of the trust
because the government could not prove
that the product had gone into interstate
Mr. lindsay said he did not contend for
g. discrimination against sugar refining, but
he did not believe in taking 1t up as a IA
vored and fostered industry in the face of
its history for the past twenty years. lie
said in reply to questions, that the lnten-
tion of his amendment was to put renned
sugars on precisely the same basis as raw
sugars The effect of the amendment
would be to protect the sugar refner Just
as the sugar producer is protected. He
read the testimony of President Have
never in which he stated that the trust
Controlled the price of sugar. That is the
kind of candor' said Mr.. Lindsay when he
concluded the reading, which commands
a certain kind of admiration, outrageous as
NAV be the audaciOuS aVoWalS or MN VINO
makes them" He quoted the striking de-
nunciation of the Sugar Trust made by Sec
retary (then Senator) Sherman in 1890 who
tben said speaking of the trust: IF we will
not submit 10 king or an emperor why
should we submit to an autocrat or trade!
Tn reply to q quqeStton as TO Nhat eHect
the enactment of this schedule would have
on the beet sugar industry, Mr.. Caffery
stated that the industry would be built up
on a tremendous artificial superStructure of
legislation to fall and be destroyed the
,o9menf the legislation was withdrawn.
MIR Morgan gave notice OF an amendment
he should offer designed to prevent future
sales, of stocks or bonds. Then at 4:30 D.
m without voting on the Lindsay amend