The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1897-07-14
WAS TING WIND
And, incidentally, the Peoples
Pocket Change,
AND WE'RE GETTING WEARY
Waiting TO Try Our New Tariff
Remedy for Business
Insomnia.
AND WE'RE GETTING WEARY
LIVING ON HOPE AND CREDIT

WASHINGTON, July 12.--1he confer
ees on the tariff bill held four-hour
session yesterday. The anxiety to reach
a complete agreement as early as posi-
BILE induced them to meet on the Sab
bath, and both the house and senate
conferees appear satisfied with the prog
ress that has been made. Several hun;
dred minor amendments have been
agreed upon, many Of them mere
changes of phraseology, and on large
majority of these the house conferees
naturally have yielded.
None of the real important problems
in the bill, however, have as yet been
solved All of them have received more
or less consideration and there has been
free exchange Of opinions. The tenn
per and disposition of the senate and
house conferees on these important mat
tiers have in this way been ascertained.
In several cases the conferees are very
close to an agreement. Both sides, so
one of the conferees said, show a COM
mendable spirit of Cancellation, and,
while in several instances each side
seems to be holding out strongly for its
contention as to rates, he said there had
not yet appeared on the horizon any
thing which portended such difficulty
as would not i'll time be surmounted.
There is the best of reasons for believ-
ing that several of the main points of
contention will be compromised. This
is especially believed to be true of lum-
Der, hides and wool, and possibly sugar,
though ON the latter the house confer
ees are standing particularly firm for
their schedules.
ny, lao Of, ~ dVif
of opinion seems to be in the drift of
the senate substitute with certain Of
the house provisions that is, thar the
list Of articles which can be used as n
basis for reciprocity treaties will be
broadened, but that the senate pro-
vision requiring the ratification of the
treaties will be discarded. Several OF
the eminent lawyers in both branches
of congress question the constitution
atty of the power conferred upon the
president by the senate preciprocity
provision.
The stamp tax ON bonds and stocks
provided for in one of the senate
amendments has not yet been accepted.
The revenue afforded by 1t furnishes q
strong argument for its acceptance in
view of the heavy anticipatory importa-
tions, and there is talk Of widening its
scope so as not only to include tax ON
actual transfers but on all recorded
sales. This necessity of revenue also
furnishes strong argument for the
restoration of the house rates ON inn
ported tobacco.
1t is impossible to estimate yet when
a final settlement will be reached, and.
although various dates are given as to
the length of time the bill will remain
in conference one of the most infuen-
tial of the conferees said that all esti-
mates were necessarily pure guesswork.
When the report is completed it will
at once go to the house, where it is not
likely that more than one day will be
allowed for debate. The anxiety to get
the bill ON the statute book and the
great loss of revenue involved in each
"a hours delay, it is argued, justities
the Republican managers in declining
to give more than a single day for dis
cussiOn