The morning news., 1897-07-06
TIGHT LINES ON THE TARIFF.
.,,JsON NOW PROPOSES A TEST OF
ENDURANCE.

.he senate From the COmm1ttee Oh
-, NXbOIe-The Amendment PlRc-
t,., a stamp Tax on Stocks and
poDds and transactions in them
.r~aed to without the FOrmality
fo VOte-The Amendment PrOpOs-
ing a Tariff Investigation With
drawn.
washington, July 5.-Mr Allison. in
,aorpe of the tariff bill, announced shorty
,sfore the adjournment Of the Senate to-
that as. no agreement had been reach
aa for final vote on the tariff bill, he
,,,p1d ask the Senate to remain in session
tomorrow night, at least until the bill
as reported from the committee of the
,,.hole to the Senate. This promises test
of endurance, unless the opposition gives
srav. Mr.. Allison's statement was made
after futile effort to have time fixed
for the vote.
In some respects the Senate made good
nrogress. disposing of two important
amendments, that placing stamp tax be-
ing agreed to with little or no opposition
and without the formality of vote. while
the Spooner amendment proposing tariff
Investigation was Withdrawn after a pro-
tracted struggle. Later in the day several
new amendments from individual senator's
were voted upon.
Secretary Wilson and Speaker Reed were
on the floor during the early hours of the
session.
The tariff bill was taken up with little
delay. and Mr.. Mills of Texas moved TO
amend paragraph 1896 by striking out
books of all kinds" his purpose being
to place books on the free list; rejected,
IS to %.
Mr. Wilson proposed new paragraph
for the free list: 1.-The Bib.e, in whatever
language printed"
There was considerable amusement
among senators at this proposition, but
Mr.. Mills with earnestness insisted on
yea and nay vote. The amendment was re-
jected q to 25 Messrs Kyle, Stewart and
Teller voting with the democrats in the
affirmative, and Mr.. McEnery with the re-
publicans in the negative.
new paragraph was inserted in the
free list: Waters for sacramental use, or
for coverings in holding pharmaceutical
preparations"
The new committee amendments relat-
ing to the stamps on bonds, debentures,
certificates of stock, etc, was taken up
and Mr.. Allison proposed several changes.
legal discussion ensued as to the le-
gality Of the provisions that "unstamped
bonds etc, shall be utterly void and
shall not be used in evidence"
Mr. Allen of Nebraska, while concurring
In the general principle of the proposed
tax said that congress had no power to lay
down a rule Of evidence for a state court.
Messrs Chiffon of Texas, Teller of Col
orado and White of California shared in
this view while Mr.. Vest of Missouri and
Nr. Morgan of Alabama maintained that
The provision came within the power of
congress.
Mr. Bacon of Georgia made the further
point that the amendment trenched on
the rights of the states by prescribing the
manner Of record and registry of such
bonds, etc.
Mr. Lindsay declared that the provis-
ion should be struck out unless congress
intended to follow the example of the
King of England in establishing a stamp
tax before the independence of America
was declared.
Mr.. Platt of Connecticut, speaking of
the finance committed said since the point
had been raised it should be carefully
considered, and, If need be, changed be-
fore the bill became a law. The stamp
amendment, as a whole, was then agreed
TO on viva voce vote, no call for a yea
and nay vote being made.
The no" response was light and came
from the democratic side of the chamber.
The amendment, as agreed to, fixes the
loloWing rate on bonds, etc. Bonds, de-
bentures or certificates of Indebtedness is
sued after Sept. Is, 1897, by any associa-
t.on, company or corporation, of one hum
"red dollars of face value, or fraction
1uereoi, and of each original issue wheth-
er az organization or reorganization of
eeFhhcates Of stock by any such associa-
.i9h. company or corporation of each
hundred dollars of face value or fraction
ulefeoi' cents, and on all transactions Of
eAares or certificates of stock in any as
so.tatlon' company or corporation on
.a'A hundred dollars of value, or fraction
lhereof 2 cents"
exemptions from the stamp tax are
mace IN the case of state county and
municipal and the stock and bonds Of
Operative building associations.
.ni' Allen proposed the amendment here
olore offered by Mr.. Spooner for tariff
ost4uly by three members of the board
Mr. Teller took occasion in tbis connoo
N 20 crticise the committee for first
orming the House bill and then 90
t5 u'ck IN substance to the House rates
Aad tried to learn what amount of rev
v we Dill would yield, and he said he
sg.eln De glad to have the chairman. Mr..
A,7rgson, throw some light on. that subject
l"ls brought Mr.. Allison 70 his feet FOR
r "Ist definite statement as TO the reve-
expected TO be derived from the bill
sai' IL was not possible for any expert
~ "''he exact calculations on the amount
ieFenue tariff bill would yield. II
5o, mad been done. and never would be
III, nll from the best information avaiia-
, proceeded Mr. Allison, II believe This
~ VIII yield SIS, 10000 to $3.50 600 OOO. the
TS. YEAR that is, from July /. 1897 TO
ls@.' He said the schedules had
gone over az every stage as success
III, ,nanges were made, and he felt that
estimate could be safely made. Ia
,t.l only to the first year, after which
eiue NN" i"'hei gielu OF rev.
0r White. ' year queried
depends" replied Mr.. Allison: "but
-EIll say something over $500 900. 600"
o. " much over the recent law?" ask
HI, stewart Of Nevada.
a., 'olt t00n,0oO." responded Mr. Ain.
tor hut Il Will depend upon the condl-
Ns4l4