The record-union., 1897-07-06
THE TARIFF BILL
In The SENATE.
No Agreement Reached for a Final
Vote on the Measure.
A Test of Endurance Between the Parties
Promised Tonight.
Allison Will Ask the Senate TO
Remain in Session at Least on-
til the Bill is Reported FROM
the Committee of the Whole
Good Progress Made Yesterday.

WASHINGTON, July 5.-Senator AL
lison. in charge of the tariff bill, an
nounced shortly before the adjournment
of the Senate tonight that as no agree
1uent had been reached for a final vote
on the tariff bill he would ask the Sen
ate to remain in session tomorrow
night at least until the bill was reported
from the Committee of the Whole to the
Senate. This promises a test Of endur-
ance, unless the opposition to the bill
give way Allfsons statement was
made after another futile resort to have
a time fixed for the vote.
In some respects the Senate made
good progress to-day, dispcsing of two
amendments, that placing stamp tax
being agreed to with little or no oppo-
sition, and without formality of vote,
While the Spooner amendment propos-
ing a tariff investigation was withdrawn
after a protracted struggle. The amend
ment agreed to fixed the following rates
on bonds, etc:
Bonds, debentures or certificates of
Indebtedness issued after September 10,
1891 by any association, company or
corporation on each S100 of face value,
or fraction thereof, ; cents; and on each
original issue, whether an organization
or reorganization of certificates of stock
10y any such association, company or
corporation on each 800 Of face value
OF fraction thereof, , cents; and on all
transfers of shares of certificates or
stock in any association, company or
corporation on each 500 Of face value
or fraction thereof, . cents. Exemptions
from this stamp tax are made in case of
State. county and municipal bonds and
the stocks and bonds of cooperative
building associations.
Several other amendments from indi-
vidual Senators were voted on.
BY Mantle of Montana. reducing the
internal revenue tax on distilled spirits
to 40 cents per gallon, was defeated
23 to Al
An amendment by Mills Of Texas, pro-
POSING tax of > per cent on manufac-
tured products, the proceeds to go to-
ward reducing the bonded debt, was re-
jected-19 to 80
Also, an amendment by Mills, granting
20 per cent. reduction in duties to those
countries admitting gold and silver to
their mints at the ration Of rs to 1-Yeas
16, nays 81. On this vote one Repub-
hcan, Carter. voted with the Democrats,
POpulists and Silver Republicans in the
affirmative. and two Democrats. Caf-
fiery and Gray, voted with the Republi-
cans in the negative.
Mills moved to amend paragraph 800
by striking out books of all kinds his
purpose being TO place books on the free
list. Reiected-1S to %.
An effort by Mills to have the Bible
admitted free was defeated
A new paragraph was inserted in the
free list: WATERS, for sacramental
use for covering or holding pharma-
ceutical preparations"
a discussion ensued as to the legality
Of the provision that unstamped bonds.
etc. shall be utterly void and shall not
be used in evidence
The stamp amendment as whole was
finally adopted in a vive voce, no call
for nay and aye vote being made The
no" response was light, and came from
the Democratic side.
Allison proposed the amendment
heretofore offered by Spooner for a tar
iff inquiry by three members Of the
Board of Appraisers.
Teller took occasion in this connection
tocriticise the committee for first trans
forming the House bill. and then going
back in substance to the House rates
He had tried to learn what amount of
revenue the bill would yield and he
said he would be glad to have the
Chairman (Allison) throw some light on
that subject.
This brought Allsion to his feet for
the first statement as To the revenue
expected to be derived. He said it was
not possible for any expert to make ex-
act calculations on the amount of rev.
enue the tariff bill would yield 1t had
never been done, and never would be
But from the best informal ton" pro-
ceeded Allison. I believe this bill will
yield $1T5, 600 900 to S1S0.0O0.00O the
first year, from July 1, 1897, to July l,
1898 He said the schedules had been
gone over at every stage, as successive
changes We're made, and he felt that
this statement could be safely made
It applied only to the first year, after
which there would be a much larger
yield of revenue.
How much the second year?" queried
White
1T depends" answered Allison, but
] Will say something over $500, 000, 600. =
How much over the present law?"
asked Stewart of Nevada
About S60,000.000." replied Allison,
"but it will depend upon the condition
of our industries. L is not possible to
make more than a general estimate.
Vest remarked that the average ad
valorem of the bill would be much high
er than that of the existing law. the
Mckinley ad valorem being 40 per cent,
the existing law 80 per cent, while the
estimate of the House bill was 81 per
cent.
Allison said the average ad Valorem
of the bill in its final form would be
in the neighborhood of 30 per cent.
Teller of Colorado again got the floor
at this point. He criticised the esti-
mate of the amount of revenue the bill
would produce which had been offered
bv the majority He ridiculed Dingley's
estimate. and referred TO the admission
that means must be found outside Of
the hill as Il came from the House TO
sunnlv the deficit He spoke of the
various propositions the Finance Com
,ni++aa had advanced and abandoned