The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-07-06
TO HOLD NIGHT SESSIONS
Allison Anxious to Force the
Tariff Bill Through Quick.
STAMP TAX is AGREED TO
Carter Surprises the Country by Voting
Once With the Democrats and Sill
yer Republicans Teller Crit
icises the Bill Generally.

shortly before the adjournment of the
senate tonight that as no agreement
had been reached for final vote on the
tariff bill he would ask the senate To- re-
main in session tomorrow night. al
least until the bill was reported from
the committee table to The senate. This
promises test OF endurance unless
the opposition to the bill gives way
Alliscn's statement was made after an
other futile effort To have time fixed
for the vote. In some respects the SEN
ate made good progress to-day. dispos-
ing OF two amendments. that placing
stamp tax being agreed To with little or
no opposition. and without the formal
ny OF vote, while Spooncr's amend
ment, proposing a tarin investigation.
was Withdrawn after protracted
struggle.
The stamp amendment as agreed
10. likes the following rates on bonds.
etc: Bonds, debentures or certificates
OF indebtedness issued after Sept. Is.
1897. by any association. company or
corporation on each 800 of face value
or fraction thereof, hve cents; on each
original Issue. whether an organization
or reorganization of certificates OF stock
by any such association. company or
corporation, on each 800 of face value
or fraction thereof, five cents ON all
tra nsfers OF shares of certificates OF
stock In any association, company or
corporation ON each 800 of face value
or fraction thereof. two cents. Exemp-
tons from the stamp taxes are made In
the ease of state. county and municipal
bonds. and the stocks and bonds OF co.
operative building associations.
Late in the day several other amend
ments from individual senator's were
voted on. one by Mantle. reducing the
internal revenue tax on distilled spirits
To 20 cents per gallon was defeated-2S-
II. An amendment by Mills proposing
tax OF FIVE per cent. on manufactured
products, the proceeds 10 go toward re-
ducing the bonded debt. was rejected
1898
Also an amendment by Mills granting
20 per cent. reduction i'm duties to those
countries admitting gold and silver To
the mints at the rate OF Is 10 i-yeas.
&c. nays. 81. on this vote one repub-
lican, Carter. voted with the democrats.
popullsts and silver republicans In the
affirmative, and two democrats. Caifery
and Gray. voted with the republicans In
the negative.
Mills moved To amend paragraph 395-
ID. by striking out books of all kinds,
his purpose being TO place books on the
free list. Rejected-ls to 2S. An effort
by Mills to have the Bible admitted free
was cefeated.
A new paragraph was inserted I'm the
free list Waters. for sacramental use.
or for covering or holding pharmaccu-
teal preparations
a legal discussion ensued as to the
legality OF the provision that unstamp-
ed bonds. etc. shall he utterly void
and shall not he used in evidence" The
stamp amendment as whole was finni-
~ agreed To I'm a viva Vocc vote. no call
for aye and nay vote being made The
no" response was light and came from
the democratic side OF the chamber.
Allison proposed an amendment here
tofore offered by Spooncr for tariff
inquiry by three members Of the board
Of appraisers
Teller took occasion IN this connection
TO criticisc the committee for trans
forming the house bill and then going
back In substance 10 the house rates.
He had tried 10 learn what amount Of
revenue the bill would yield and he said
he would be glad to have Chairman Al
llson throw some light on that subject.
This brought Allison 10 his feet for the
first definite statement az to the revc-
nue. expected to be derived. He said II
was not possible for any expert To make
exact calculations on the amount of
revenue tarifr bill would Weld. 1t
had never been done and never would
be done.
"Rut from the hest information avail
ab,e" nroceeded Allison. II believe this
blIl will WELD SIZE. .0Oo. 900 To $50 900 900
the first year. that IL. from July |. 1897.
| Ia JuIy lSlS." Hp said the schedules
| had been ronc over al cvcrv stage as
successive changes were made. and he
| felt that this estimate could be safely
made. IL applled only 10 the first year,
after which there would be a much
larger WELD OF revenue.
"IIow much the second year," asked
While
I'll depends" but will say some
thing over 5000 600 oOO.'
How much over the present Iaw?"
asked Stewart.
about $50 900. 600. but II will depend
upnn the condition of our industries.
| n is moi pussibjo To make more than a
| general estimate"
Vest remarked that the average ad
| valnrep rate of the bill would be much
bjrhar Than that of the existing law.
! The Mckinley ad valorem being 40 per
cont The existing law ~ per cent, while
! The estimate on the house bill was 81
nor cent Allison said the average ad
raiorerp Of the hill in its final form
uo,,Id be in the neighborhood OF .jrer
cont
Teller again got the floor al this point.