The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1897-06-17
CONGRESSIONAL.

June 10. The sugar schedule wa
then taken up. and Mr.. Allison. on be-
half OF the Finance committee. Of
fered an amendment making 96-100 OF
cent the duty on refined sugars. Mr
Jones. Democrat. Arkansas. argued
that the proposed schedule would in
crease the profits of the refiners. Mr.,
Vest. Democrat. Missouri, said the
sugar trust had a capital of $4,000. .0O0
common stock and s75. 100000 preferred
stock. an aggregate OF $3.50. 900 900. with
profits OF IL per cent. on Its common
stock and per cent. on the preferred
stock. He said there might be some
doubt In the Senate as to what the new
schedule did for sugar. but there was
no doubt In Wall street. The sugar
stock went up from 81 to IS a share as
soon as II was known what the new
schedule contained. Mr.. Caffery, De-
mocrat. Louisiana, placed the profits
OF the trust at " cent pound on 1900.
0o0 600 pounds OF sugar. which would be
$40, ,0O0, 900.
No final action was taken on any
feature of the schedule. This leaves
the House provisions of the bill, with
an amendment increasing the House
dilferential from S75-lO0O to a5-l 100 cents
per pound. The provisions relating to
the Hawaiian treaty went over by
mutual consent.
James Il. Lloyd. elected to succeed
the late Representative Giles. OF the
First Missouri district. took the oath
In the House to-day. A resolution was
passed to pay the salaries of certain
consuls. The Speaker declared the
House adjourned until Monday.
June IL. The tariff bill was taken
up. and consideration of the sugar
schedule resumed. Mr.. German in
discussing the bill remarked that the
bill Increased the burden of every man
by 10 per cent. Mr. Allison held that
the bill would be of no more advantage
to the sugar industry than the Wilson
bill was. Continuing he said IL was
the policy Of this bill to establish the
production OF sugar I'm this country,
and keep the $l0O,0 900 annually paid
for sugars by our people at home.
June 10. The preliminary business In
the senate was unimportant. Consider
alton of the tariff bill was resumed. Mr..
McEnery Dem. La.) made his speech.
In opening he referred to the denun-
citation of the sugar trust as COR
poration which was crushing the life
out OF the consumer. But that trust
was not the only organization, he said,
which was meeting with the condem-
nation of the people and helping to
'SuuNc th'hi W pcSSuly anu StdTNdtlDU.
In the south he declared there was n
trust that sought to throttle the people.
Beside il the sugar trust expressions
and eXactions We're insignificant. It
was the trust which controlled new
process for baling cotton.
That company sought to bale and con
troll the cotton of the south. Its in
terests were directly opposed to those
of the cotton planters. The interests of
the sugar producers on the contrary,
went hand in hand with those of the
sugar trust, The interests of both
were bound up together. If the
differential on refined sugar was not
maintained. blow would be struck
at the producer. and every big factory
would be idle. After the sugar schedule
had been attacked by several other
senator's the senate adjourned.
June IA. The tariff discussion was
resumed in the Senate to-day and
unanimous consent was given that, be-
ginning on Wednesday, daily sessions
shall begin at II and continue until
about =