The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-21
Allison Called on to Give an ExpIana-
tiOn of Sugar Clause That
Can BE Understood.
SENATOR TILLMAN'S THREAT
WOULD LIKE TO DELAY PASSAGE OF
THE BILL UNTIL DECEMBER.
POpuIists and Democrats Find They
Are i'm Minority, and "a Vote May
Be Reached Friday.
Special to the indianapolis Journal.

Special to the Indianapolis Journal.
WASHINGTON, July 20.-This is the sea-
son for the discovery of mares nests and
conspiracies for the defeat of the tariff bill
in the Senate. All kinds of things are go
ing to happen to defeat the bill, and new
combinations are reported every half hour
or SO as having been organized or about
to be organized between free-silver Repub-
licans and Democrats and between all
kinds of factions to side-track the bill or
to kill it outright. The story which re-
ceived widest circulation and greatest
credence this afternoon was the one that
the bill was to be recommitted to the con-
ference committee with instructions to put
cotton ties and burIaps on the free list and
to reconstruct the sugar schedule. The
most diligent canvass among senators of
both parties who would be most likely to
know about any such move was barren of
results further than that the Republicans
had heard about it and that the Demo-
Gratis had discussed the matter in vague
sort of way and had given it up as a bad
job. The motion to recommit will be made,
however, in all probability a mere form,
but without any hope of success by the
movers.
The Senate got about half way through
the bill to-day but the worst part is yet
to come and when the sugar schedule is
taken up tomorrow the f1oodgates OF OPP
position oratory will be opened. The Demo-
cratic and Populist leaders feel that they
have in this schedule an unlimited sphere
for the manufacture of campaign material
and they will proceed to lambast the Re-
publican party and the trusts in a manner
calculated to enthuse the populace. "Old
man" Caffery, of Louisiana, says that he
has speech that will take two days to de-
liver. Jones of Arkansas, Pettigrew Of
South Dakota, Allen of Nebraska, White
of California, Teller of Colorado, Morgan
of Alabama, and others on the list are also
insisting on making stump speeches. How
much time will be consumed in the per-
formance is a matter for speculation. Some
Of the weak kneed fear that a week or
more may be taken up in the discussion,
but Jones, of Arkansas, who, in the absence
of German, is the Democratic whip" as
sures Senators Allison, AIdrich and Proc
tor that the Republicans can make their
calculations on a vote being reached before
the end of the week. The belief prevails
very generally that the bill will pass the
Senate Thursday evening or on Friday at
the latest.
The ups and downs Of the Sugar market
6ACll6O less dllGuLlOl lO-Qdy imam yeSUer-
day, and people are settling down to calm
reflection and inquiry as to the underlying
cause of yesterdays upheaVal and to-day's
further advance. The prevailing belief is
that the boom in Sugar stock was largely
due to two cause.-the liquidation of a
heavy short interest and the practical close
of the agitation and settlement of the tariff
fight so far as relates to sugar In this
latter phase it is argued that the trust
shareholders were less interested in the
duties than they were in having the row
over and knowing precisely on what to
predicate calculations.
The Sugar Trust has on hand a stock of
raw sugar estimated at 750, 900 tons, most
of it brought in since Congress convened
in special session. On this a profit of "a to
L cent per pound will be realized by an
arbitrary mark-up that is supposed to be
in store in the wholesale price of sugar as
soon the tariff bill becomes a law. This
would be a bulk profit from 81, 500 900 to $l5-
000, OO0. That might have something to do
with the recent twenty point rise in Sugar
shares.
The general opinion is that the quorum
of the Senate will disappear very soon after
the disposal of the tariff bill, but the de-
termination of the supporters of the Harris
Pacific Railroad resolution to secure a vote
on 1t before tinal adjournment may delay
conSummatlon for some days.