The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-20

the question OF revenue to be raised
py the Dill, Mr. Dingley pointed ou
re difficulty resulting from the large
anucipatory imDortations The bill
next year, he calculated. would raise
S2z9,oOO 00O-Sl5. 100000 more than the
present law. Over $40 0OO 600 had beer
lost IN this years revenues by the
lmportations of wool and sugar ano
other things, the duty on which was
raised In the bill, so that he calculated
that the bill this year would raise $780,
OOO,O0O. Mr.. Dingley declared that
there was no doubt that the revenue
would not only he ample to meet the
expenditures Of the government, but
allow a Republican administration
again to begin to pay off the principal
Of the public debt, which had been in
creased by the late administrat ton. In
conclusion Mr.. Dingley received round
after round of applause from his Re
publican colleagues by predicting as a
result of the enactment of this bill a
raise of prices and a restoration of
prosperity.
VICIOUS AND BURDENSOME.
Mr.. Wheeler Oem., Ala.) opened the
debate for the Democrats, criticising
the bill as the most vicious and burden
some ever imposed on the American
people. In particular, he discussed the
serious effect of the measure on the
laboring classes and agriculturalists
, Mr.. Wheeler referred to the advance on
sugar stock on the New York market
today, and said this was the clearesl
evidence Of the benefits conferred on
the sugar trust.
Mr.. Swanson (Dem., Va. a member
Of the ways and means committee. to
whom Mr.. Wheeler yielded a portion
! OF his time, devoted his attention to
assailing the sugar schedule agreed
upon by the conference. He asserted
! that the proposed schedule gave sugar
! double the protection received under
the present law. and il had been loudly
proclaimed. Mr.. Swanson said, that the
| house confereeS had won a brilliant
victory over the senate on sugar. and
he had seen in the morning papers
picture of the speaker of the house
with the sugar trust crushed beneath
| his feet. Then he compared the two
schedules to show that the duty on re-
fined sugar in the senate schedule and
the new schedule were exactly the
same, and he figured out that the trust
would receive a differential on refined
sugars of 81 degrees (the average OF
sugars imported) Of 1 cents per 100
pounds more than the house schedule.
THEY KNOW.
I'VE might be mistaken here" con-
tinued Mr.. Swanson. I'VE might not be
/ able TO figure out the complicated
schedule. there are those who make no
mistake. They are the holders OF the
trusts stock. They know the effect c.
the intricacies of this schedule. When
this bill was reported TO congress, sugar
stock was worth Sos a share: today it
is worth S144. The stock has gone up
$50 a share since 1t became evident that
this house and this congress intended
to give this gratuity to the trust (Dem-
ocratic applause). and since the news
paper pictures have appeared, portray
ing the speaker with his heel on the
throat of the trust. the stock has gone
UP 81 a share. CRenewed Democratic
applause) One more such victory over
the trust as this, gentle and the
stock viii go up 10 $500 Qaughter.)
Mr.. Lacey (Rep. Ia.) asked Mr..
Swanson whether the trust had not
made great profits in 1884 by anticipat-
DRY importations, just as the trust
probably would make great profits now
Their profits were estimated at S15,050,-
600 Might not this account for the in
creased value of the stock, he asked.
IF the trust was 10 make $15.000,00O
out Of anticipatory importa IONS, Mr..
Swanson replied, 1t was not entitled
to a differential.'
we cannot prevent anticipatory inn
porta tons" said Mr.. Lacey.
on cOulQ co WHAT GotCitNdIS OTdSc
recommended. replied Mr.. Swanson;
you could place an internal revenue
tax on the sugar which has been inn
ported. If you want TO strike a, blow
at the trust why don't you follow the
advice of your secretary OF the treas
ury?"
Mr.. Swanson and Mr.. NorChway
(Rep. o. then had brief controversy
on the sudden bulge in the price of
sugar stocks. in which the latter con-
tended that sugar stocks had gone up /
in sympathy with the whole market.
A TRIBUTE TO BRYAN.
One of the greatest demonstrations
of the debate occurred when Mr.. Ian
ham Dem, Tex who followed, paid |
tribute TO William ]. Bryan, The Dem
ocrats oheered. for several minutes and I
many of the spectators Joined in the !
demonstration.
Mr.. Ball dem. Tex who secured a |
few minutes time declared that it was |
not undemocratic to advocate the rails
ing of revenue by duties or WOOL sugar, |
lumber, etc. but he denounced the |
Democrats who sought protection for |
the industries for their sections
Mr.. Kelly (POp., n. d. thought that
if an antitrust amendment had been
placed in the bill its most dangerous
fsHgs would have been drawn
Mr. Grosvenor (Rep., o. Interrupted |
Mr. Kelly TO say that the increase of
the duty on lead ore was placed in the
senate bill by Populist senators and
held in the bill by the Populists on the
conference COMMITTEES.
Mr.. Kelly challenged Mr.. Grosvenor
to name the senators.
THE two senators from Nevada,
replied Mr.. Grosvenor.
Il was not aware that Nevada had
more chan one Populist senator at
said Mr.. Kelly.
No man who votes for the sugar
trust is a Populist."
Mr.. Lewis asked Mr.. Grosvenor
whether it was not a fact that the
duties on white lead gave the lead trust
So 5000 of protection.
I do not know, and do not care,
replied Mr.. GroSvenor smiling.
4 knew the latter was rue, Responded
Mr. Lewis. with his most debonair afr
The Republican party does not care
what outrages il commits.
The house then, at o'clock. took a re-
cess until p. m under the agreement
made early in the day
EVENING SESSION.
At the evening session there were very
many distinguished persons of both sexes
present.
The Republicans still pursued the tao
tics they had adopted during the day ses-
sion. None OF them claimed the floor. and
the minority were compelled to put for
ward their speakers.
Therefore. after Mcdowell. of Ohio. and
Berry Of Kentucky Goth Democrats),
made brief speeches.. Mr.. Bailey the Dem
Dcratfc leader. VINO had been reserving MS
speech for the close, took the floor. He
made a carefully prepared argument.
dealing more with the general principles
again during the progress of his remarks. i
The Democrats were aroused by his elo-