The times., 1897-06-13

standard. The Republican bill may, how
ever, be the first step toward producing
quiet and harmony. to lie followed by the
free coinage of silver in due time.
The vote was then taken on the Jones
amendment to strike out tpage So, line
2O), .'and on all sugar. The vote re-
suted-ayes, 20; nays, 80; SO the amend
ment was lost.
Mr.. Lindsay then spoke 10 his amendment
eqHaliZing raw and refined sugar taxes
lie knew that the fiat had gone forth from
the Republican caucus that trust col'
trolling 81 per cent of the sugar trade
and alrcady making enormous profits must
he protected as no industry was ever pro-
tected before. Mr.. Lindsay here made "A
clear statement of the advantage 10 the
trust, granting that a part or the whole
amendment tax was for legitimate rev
enue The annual consumption or sugar
he stated as 1 700 ,0eo, 900 pounds Tax
ins off one-seveuth for the refinery process
the amount consumed, refined, would be
$500 600 900 pounds. Tue amendment
tax of 81 90 on the hundred pounds would
mean an aggregate tax OF S1O,2o0, 900.
Chanting that 90 per cent was for Teyen IL,
pure ard simple. that would amount to
S3S, SEQ 900. The Az per cent, which Is
conceded to be protection, or subsidy, 20
tue sugar planting and sugar refining in
Iustries. amounts to S31, $4,000
Now the whole American product is 60O,-
coo 900 pounds, which at IL cents
pound would be worth only S21 ,0O0, 900.
1t follows that the bill proposes to give
this sci 900, 900 subsidy Of $3S, ,0O0,-
600, and when you add the amount of
protection incident To a protective tariff
we find that this S21 900, 900 will receive
over SIC, ,0G0. 900 protection each year, or
81 80 for each dollar in the industry. The
point easily proved is that the Trust needs
no protection.
MIR. Allen Why not dissolve the Trusts
by law, then,
Hr. Lindsay-I hope before this matter
has been settled an amendment will be
adopted 10 protect the people against the
Trust But il is not proper for the Sen
ate to vote this subsidy simply because
tie courts have not dissolved the Trust.
Mr. Allen said that in -four years of
Dcrocraiic and four years of Republican
administration no steps had been taken to-
check the trust.
aad been instituted under a Democratic
Administration III New Jersey against the
trust: and that in the same Administration
the sugar trust had been broken up 1t was
not the fault of the Administration that
the New Jersey suit had been decided in
favor of the trust.
Mr. Lindsay explained that orc of the
chief results of his amendment would be 20
give Louisiana raw sugar the same advan-
taEc as THAT to be given to tlieSugar refiners
under the present bill In other words. that
ii would eliminate the differential adyan-
tage.
Mr. caffery-As I understand it, you
would give ali sugars the benefit OF a S1.15
rate instead of 81 .95.
Mr.. Lindsay-Yes, practically.
Mr Caffery-If il takes more raw sugar
90 make in some cases one hundred pounds
of refined sugar than in others, wouldn't
you by this uniform rate discriminate
against the refiner?
Mr.. Lipdsay-I would rot; because just
as the raw sugar approxiInates purity IT
takes less pounds OF il to make hundred.
pounds OF the refined sugar. Taking sugar
at 96 it requires only 104 pounds 10 make
100 refined. Now between e6 test and
1 90 test there are four times 3-10dths of
cent. which amounts to II cents on
every 100 pounds, which VIII cover all
differences in cost.
Mr.. Lindsay devoted q part Of his argu
meDt here TO making plain the enormous
power of the trust, introducing Senator
Georges description of iJ, and the adverse
comments of Senator Sherman, who said
that it brooked no competition, and was
fit subject of restraint by the courts.
Mr Sherman also referred 70 the Coal Oil
Trust. There was Just as much justifiea-
ton, Senator Sherman said, in yielding
to such dictation as there would be in
yielding to royal power.
Mr. Lindsay said that even if the Senate
could not interfere by legislative act;
if the courts did not interfere, yet the
Senate could remove the discrimination in
the bill against the raw product. That
would not break down the refining in
dustry. BAT it would have the effect OF
making this trust come to the Senate, Civ
ing it all the information it desired. so
that laws of equality and justice could be
passed.
The industry lived before the war at 80
per cent ad yalorem; it lived under the VII
son bull at 40 per cent ad yalorern, so why
shouldit be granted speciallegislation now?
1t was not true that the Democratic party
broke a contract with the trust when it
refused the sugar planters a bounty. What
defense could there be to q theory that
wheat, corn and cotton should be taxed TO
give bounty to Louisiana sugar o-ttLe
beet industry of the Northwest? 1t has
been argued that the object OF the bill was
that the United States should raise all the
sugar needed in this country. Until that
were IL fact it was undeniable that the