The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-06

STAMP AMENDMENT ADOPTED
NO OPPOSITION TO THE PROPOSED
TAX ON BONDS AND STOCKS.
Special to the Indianapolis Journal.

Special to the indianapolis Journal.
WASHINGTON, July 5.-Senator Teller
takes great delight in sticking a knife into
the Republicans and turning it around just
TO see them squirm. Senator Teller was
once a great Republican leader and a pro-
tectionist of the most radical sort, but he
appears to be veering towards free trade,
and his utterances are favored with Popu-
lism Several times of late he has threat
ened to hold up the tariff bill, and, during
the course of a long speech this afternoon
he went out of his way to make another
and similar threat. Il don't know" he
said, whether this is going to be a short
session or not" as he proceeded to rasp-
ingly criticise the pending tariff bill and
raign the Republicans who are backing it
for 'sparing the luxuries of the rich and
taxing the necessities of the poor man"
He drew from Senator Allison however,
the statement which every body has
wanted to hear, that in his opinion the Sen
ate bill as it now stands will yield a revenue
during the present year of $3.50 900 0O0 and
thereafter 5000 100000 or better annually.
Contrary to expectations there was no fight
over the amendment to tax transactions
on the stock exchanges and dealings in
stocks wherever they may occur. The
amendment slipped through without any
objection and the smoothness of it's action
has aroused a suspicion that the Wall
street sharks" have already discovered a
way by which they hope to beat the pro-
vision if it should become law
There is an old saying that a man cannot
foretell the luck of sckly calf, or the
course of a flying goose, but these are easy
problems in comparison with an attempt to
foreshadow what the Senate Of the United
States is going to do with regard to the
tariff bill and when it will do it, Several
times last week it seemed as though the
discussion might end abruptly and the bill
come to a vote within twenty-fours but
each time something happened to cause de-
lay Now it looks as If the agony may be
prolonged for a week for two weeks, al
though that very peculiar institution. the
Senate, may make up it's mind any minute
to take vote the next hour, and the coun-
try need not be surprised to see an end
of the discussion on the main bill any day;
in fact, the country need not be surprised
at anything that might happen in the SEN
ate That body moves upon it's own axis.
A caucus of Republican senator's has been
called for 10 o'clock tomorrow to consider
the advsability of reintroducing the beet
sugar bounty amendment. The decision to
call the caucus was the result of a series of
conferences, which occupied the greater
part of the day. but which developed such
a divergence of views as to make it quite
evident that only in party conference
could the bounty question be settled in
way to bind all. At one time during the
day it appeared that the finance committee
would rentroduce the beet sugar amend
ment in response to the representations of
the advocates of the bounty. The senators
holding the view that this was the proper
course to pursue based their arguments on
the ground that the last Republican sena-
torial caucus had decided on such bounty.
This brought out the fact that there had
been comparatively few senators at the
caucus when the vote was taken and some
Of the absentees would not agree to be
bound by it's decision The committee de-
cided. on account of this conflict, to resub-
NIT the matter to a caucus 1t appears
probable tonight that the caucus will re-
scind the order of the previous session di-
recting the committee to report a sugar
amendment, but the sugar bounty adVo-
Gates hope that at the same time the Re-
publican senators will be instructed to vote
for the amendment as offered by Senator
Allen. They thus hope to put the party in
the Senate on record for the amendment,
while they avoid the responsibility for the
delay which they admit the amendment
will occasion. The Democratic leaders still
announce themselves as unalterably op-
posed to the bounty provision and say they
will debate il for an indefinite length of
time in order to prevent its incorporation
into the bill.