The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-13
oudden Rise Of Stock on the Strength of sIss
Senate Sugar Schedule.
VEST FAILS TO DRAW OUT TIE REpUBLICANa
NC Emery Makes Decided Sensation by Defending the Trust
Supporting the ScheduIe-hlade Pass at the Cotton
Balng Combination Republicans
Interested in His Remarks. aSSsSs@

INC sugar schedule was again the
subject OF tho Democratic assaults in
the Senate to-day. Practically no pro
gress was made. Only one amendments
was voted upon and that was defeated.
"hen the Senate adjourned. the amend
ment OF Nr. Lindsay to strike out the
dilferential on refined sugar was slIll
pending. Mr.. Vest tried early in the
uay 10 PROD the Republicans into g. de-
shlicu aelenSe OF the schedule but they
declined the challenge. The most sensn-
llonal feature OF the day was the speech
OIL MT. McEncry, OF Louisiana, who yes
telduy voted with the Republicans for
inc sugar schedule. 1t was his maiden
speech In the Senate. He openly ayow-
eu himself q prOtcctionist, and as q
democrat justified his position upon the
ground that tariff Views should not con-
Stllutc test OF Democracy. He more
over defended the sugar planters. The
fepuOllcan Senators showed much In
terest In his remarks. They crowded
about and listened attentlyely TO his
two hours speech. Mr.. McEnery bitter
~ denounced the corporation which con-
trolled the new method for baling cot
ton. The interests Of this COMPANY. he
declared, were directly opposed to The
interests OF the cotton planters.
AZ 1915 p. m. the considera ton Of the
tarlif Dill was resumed, the pending
amendment being that OF Senator Jones,
OF Arkansas. to strike out in line 20,
page Us, the words "on all sugars" Mr..
vest, OF Missouri, took the floor and
called upont he majority 10 answer the
decl tions made by the minority that
the present sugar schedule gave large
increase of protection to the sugar trust.
Ills side, he said, had made the direct
issue. ihe sugar trust was now MAX
lng ~ per cent. on its enormous watcred
stock. It's officials had admitted 1t. In
view or this fact 1t was due the minor
lty ana the country that an explanatio
that explained should be made by the
other side. But what was the reply Of
the majority to the challenge OF the
minority? 1t was that leaving out the
countervailing duty Of three-eis h,hs OF
the cent there was no increase But
what he wanted to know was what 1t
was II that three e.ghths was included.
BY what sort Of leger-de- was It to
be excluded? he asked. Mr.. Vest re-
pehted his statement OF Wednes sday that
me protection on 9G degree sugar was
increased by the caucus amendment
over the original Senate amendment s
cents per hundred pounds. II was GO
cents IN the schedule adopted yesterday,
against 81 cents in the present law. The
schedule, he insisted, was utterly nde-
fensibie. The only excuse he had heard
advanced was that OF Senator Allison
yesterday. that this duty was imposed,
not for revenue, bu. to encourage the
beet sugar industry
"Oh, Mr.. President" cried Mr.. Vest,
In conclusion, our experts may be mis-
taken, we may be In the fog ringing our
bellS; put repeat again what l said
the other day, that there was one set
OF men In this county who were not mis-
what this schedule means" he said, his
taken. Our friends In Wall rect know
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 1854. Does anybody
believe that Wall street doesn't know
what protection this schedule gives to
the trust? IF the protection had been
reduced Wall street would have respond
ed as my hand responds to my brain.
The cry In Wall stres is: The trust has
got all 1t wants. Up with the flag Of
protection that puts money into our
pockets"
Mr. McEne.y. Democrat. Of Louisiana,
who yesterday voted for the new sugar
schedule, followed Mr. Vest It was his
maiden speech In the Senate, and much
interest was manifested as he begun.
Several Republican Senators moved over
and took seats on the Democratic Side.
IN opening. he referred TO the denuncia-
tion or the sugar trust IS corpora ton
which was crushing the life blood out Of
the consumer. But that trust was not
the only corporation, he said, which was
meeting with the condemnation Of the
people and helping to reduce them TO
heggary and starvation. In the South
he declared, there was trust tha t
sought to throttle the people. Beside It
the sugar trusts expressions and exac-
tions were insignificant It was the
trust which controlled new process for
DalinE cotton.
That company sought to bale and con-
troll the cotton Of the South. IT'S inter
ests were directly opposed to these Of the
cotton planters. The interests Of the
sugar producers on the contrary went
hand In hand with these Of the sugar
trust The interests Of both were bound
up together. II the differan,lal on refin-
ed sugar was not maintained O blow
would be struck at the producer and
every big factory would be Idle s'I
don't see the patriotism" shouted Mr.
Mcsnery, "of trying to bring down The
sugar trust. an institution more national
than any other dealt with by this tariff
BILL Why should Senators on this side
OF the chamber strike at us2 why
should sword be run throuh the body
AZ 1nfo IA nh he "a < a;