The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1897-07-05
after an executive session the senate ad
journed.
Report Will Be Against Trusts.

were not reached without a display or
considerable feeling. Among the points
decided were follows:
The report of antitrust amendment;
To Withdraw the original finance comihll-
tee provisions for duty ON tea ana an
increase OF Al cents per barrel In the tax
To provide for tax on bond and stock
transactions.
The greater part of the time was given
to the proposition for provision against
trusts.
The committee had held a meeting dur
ing the afternoon during which The whole
question was gone over at length with
other republican senators, including Mes
srs. Hanna and Chandler. IL was decided
that it would be extremely difficult to Sc
cure legislation that would be effective ana
that upon the whole It was impodtic and
unwise to undertake it. A report was
made according to the caucus and reso-
luton adopted authorizing the preseAtd-
ton of an amendment providing IN express
terms for the continuance IN erect 81 me
terms OF the Wilson bill, which makes IL
unlawful to form u trust in imported AZ
tices.
This report called out some vigorous pro-
tests, especially on the part OF the western
senator's but they We're replied 10 WITH
spirit. 1t was asserted among other things
that the presentation of Il new antitrust
provision would lead to long debate,
which could not be AFFORDED at the present
time.
from the increased tax on beer ana the
temporary duty on tea. led to quite pro-
longCd discussion of the amount Of revenue
the bill would yield. Many senators &,
pressed the opinion that the volume would
not be equal to the demand OF the gov
eminent. Ii was in response 10 this view
that . determination WAS reached 60 pro-
vide for a tax on stock and bond transact
tions.
The details OF the statement, were not
agreed on. but were left TO the finance
committee to perfect. There was decided
opposition to a tax on either ordinary
bank checks or mortgages. II appeared
during the discussion of this branch or
the subject that the committee had been
supplied today with estimates Of the rev.
enue the bill would produce, made by Mr.
WoTthng g. Ford. who had given the opih-
ion that with an equal volume Of imports
the bill would produce during the first year
OF its operation more than S109.0@a 900 in
excess OF the returns under the wilson
law for the first year il was n existence.
Senator Allison said, however. that these
figures were misleading, as the imports
could not be expected to he SO large and
advised his fellow senator's on this &C
count not to accept them rs any iud.ntiOn
of the possibilities of the bill.
Reciprocity and Retaliation.
Washington. July 2.-Reciprocity and re-
tallatlon were the two phases Of the tariff
bill 20 occupy the attention of the senate
today to the exclusion of al other SUD
jects. Both provisions were agreed to- al
though the debate on the reciprocity
clause was protracted to p. IN.
shortly before adjournment Nj. Allison
eadeavored TO secure an agreement on the
time for q final vote. bat Mr.. Teller would
not consent To fixing the time untli an
proposed amendments had been SUBMITTED
to the senate. AS Mr.. Allison was not pre-
pared to submit these appointments ne
Withdrew his request ana TIM tue LOT the
final vote was left open altoSri n"r, al
though there is sin hope that i WIZ DC
reached tomorrow.
Noe. doe
whenever any country bestows IN export
bounty on auy article, then on the lllpor,
tation Of such article into the tniJco
States there shall be levied in addition 10
the duties provided by the act an add
tloual duty equal 10 the amount of the
bounty.
No Increase IN Tobacco Tax.
Washington. June 29.-(special)--As pre-
dictcd IN these dispatches the senate has
backed down from Its original position to
Increase the tax or tobacco This result
was reached this afternoon 1T an Informal
conference Of tLf senate finance commit
tee when fl was ascertaiued that senator
pr!tchard ana Senator Deboe. Of Toutucky.
could not vote for tie tariff bill II l. con-
tanned an increase i'm the tobacco tax.
1t viii be gratifying to- tho tobacco IN
tercsts in North Carolina 10 know that
there IS 10 be ito change i'm the tax ON man
ufacured tobacco. and they cav coahcld
ANA conduct their business IN the same
senator Pri;chard has worked consist
entity and pcrsisteutly To- bring about THIS
result and ne was subject to many con-
gratulations from MS friends
Tax on Stocks and Bonds.
washington. Julv 2-Senator Lodge today
plor osed a GRAFT of an amendment To the
tariff bill providing for IA stamp tax on
stocks and bonds I'm accordance with the
e,4io, 90 w.. r,,,.rlican eco.. t,riaI c~,tcns
O - -. (. =. .I,.. 49,,
O. I'ft Ii'''"e @''" S'''''ii11''N ~ w. '''' i'~
committee
As prepared, inc Amendment provinces loF
n tax of 8 cents H. share on 500 or fraction
80 40 enc. ,-o1,o ~ ,anit,1 etoclS arr 81
~ -. - - o ,,.,,.- .,..,,
po'-o7 81 '',il'i Is','.,'''.'' ~ -
Tor cach S'p or IRA tion on t.tIN li,'ilsl 81
or stocks or bohdA. lAllCN otlltS 10 = ~
bonds ere 'A'ihl'i'u' ~ 'uc 'i'itN va ~ ~,
PONDS 10 secure Itlui.-1fl ~. . 800 go y ~
STOCK aLd bohds o. iAu'"'I o-i'-i'' U''-'''''''
a.rHclt'lpis- , , ...,,,,t.t,1 20
me 'Ii' tuil'l, il.,a u' ,Sft.,,.
the repu"Ht44 m i,l'.I11 9L -. ~. ~, ~
C"Illliit''e al" "fFtO'NN - '''
A"lIH
Tariff Makers Are JockeyiuS.
v,-o.t.t,,.,.,, r.t,- fcn.ef,lD Mr. An
asiihS loh' |"'E 49, a. -
son put up bl@'u ptul to1-y ana A. "''
promptly called.
When the tariff fight opened mp today
T. was given out BY the republicans that
tt.,. t,,,,-.3 ~ ,.ot ~ % vote .r t1o hin be-
t.
Iof' appointments '~ lll6""
Then with ms usual innocent ana nl''u