The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-06
STILL MORE OF IT
SENATE NOT YET AT THE END OF
TIE TARIFF BILL.

Fair Progress Made, However, Tw
Amendments B icing Disposed OF Afte
PIeaty of Debate, Taese Being the BON
Tax Amendment, Agreed to Withou
the Formally of q Vote. and the Tari1
Inquiry Amendment Being Withdraw
After Long StrugGie-Teller ant
Stewart Get in Their Regular ScoId.
Washington, July 5.-Senator Allison
In charge of the tariff bill, announced
shortly before the adjournment Of the
senate tonight that as no agreement had
been reached for a final vote ON the tariff
bill he would ask the senate to remain
in session tomorrow night until it was a.
seast reported from the committee o.
the whole TO the senate. This promises
test of endurance unless the opposition
10 the bill give way. Mr.. Allisons state
ment was made after another futile eff
Tort TO have a time fixed for the vote.
In some respects the senate made good
progress u,day. disposing Of two amend
ments, that placing a stamp tax being
ngreed 10 with little or no opposition and
without the formally of vote, while
the Slpooner amendment, proposing tar
If Investigation, was Withdrawn after a
protra cted struggle.
THE STA8iP AMENDMENT.
The stamp amendment agreed to. fixes
She foil owing rates on bonds, ETC.: Bonds,
debentlres or certificates OF indebtedness
issued .after September ID, 1897, by any
association. company or corporation, on
each hundred dollars Of valuarOnCnas-
each hundred dollars Of face value. or
fraction thereof, 5 cents: and ON each
original issue, whether an orga1llZa ton,
nIi reorganization, of certificates OF stock
by any suca association, company or cor
ooration, on each hundred dollars Of faco
value or fraction thereof. cents: and on
all transfers OF shares Of certificates Of
stock in any association. company OF
corporation, on each hundred dollars Of
face value, or fraction thereof, 2 cents.
Exemptions from the stamp taxes are
made in the case Of state. county and
municipal bonds, and the stocks and
bonds Of cooperative building associa-
tons.
Later In the day several amendments,
from individual senators. were voted on
One by Mr.. Mantle of Montana. reducing
the internal tax on distilled spirits to 20
cents per gallon, was defeated. 23-n.
TAX ON MANUFACTURES.
An amendment by Mr. Mills (Texas)
proposing tax Of per cent on manu-
featured products, the proceeds to go to-
wards reducing the bonded debt, was re-
jected, 1898. Also an amendment by Mr..
Mills granting 20 per cent reduction in
duties 10 those countries admitting gold
and silver to their minis at the rate of Is
10 1-yeas rs. nays 81.
On this vote one Republican. Mr.. Car
ter. voted with the Democrats. Popuiists
and Silver Republicans in the affirmative
and two Democrats, Caffery and Gray.
voted with the Republicans IN the mega
rive.
Mr. Mills Texas} moved to amend par
agrapn 3s5 I'D" by striking out books Of
all kinds, his purpose being to place
books on the free list; rejected 1928. An
effort by Mr.. Mills TO have the Bible adj
united free ives defeated.
A new paragraph was inserted in the
free list: WATERS, for sacramental use, |
or for covering or holding pharmaceut- |
tcal preparations"
A legal discussion ensued as to the ie- |
galfty 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 agreed to on viva voce vote. no |
call for an aye and nay vote being made.
The mo- response was light and came
from the Democratic side Of the cham
Der.
TARIFF INQUIRY.
Mr.. Allison proposed the amendment.
heretofore offered by Mr.. Spooner, for a
tariff inquiry by three members Of he |
board Of appraisers.
Mr.. Teller took occasion to criticise the
committee for first Transforming the
house bill and then going back, in SUBJ
stance, to the house rates. He had tried |
10 learn wha: amount Of revenue the bill |
would yield and he said he would be glad |
10 have the chairman, Mr.. Allison, throw
some light on that subject.
This brought Mr.. Allison TO his feet |
for the definite statement as TO the rev.
enue existing 10 be derived. He said it
was not possible for any expert 10 make |
evact calculations on the amount of rev.
enue a tariff bill would yield. 1t had |
never been done and never would be |
done.
But from the best information avail
able," proceeded Mr.. Allison. II believe
This bill. will yield SIZE. 000. 900 to $3.50 000.-
900 the first year, that from July, 1897, TO
July 1, 1885,
He said the schedules had been gone
over at every stage as several changes
he felt that the best estimate could be
safely made. He applied only TO the first
year, after which there would be a much
greater yield Of revenue.
How much the second year," queried
Mr. White
1T depends" answered Mr.. Allison,
"but 1 would say something over $780,
oOO. Geo.
How much over the present law?"
asked Mr.. Stewar; (Nevl.
About SCI, 900 ,ooO." responded Mr.. ALI
son. But it viii depend upon the condi-
lion OF our industries. Il is not possible
20 make more than a general estimate"
Mr.. Vest remarked that the average ad
valorem rate Of the bill would be much |
higher than OF the existing law; the Nc
Kinley al valorem being 40 per cent and
.1h0FN ia of n0 n @oa' 50 s pus