The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-06-13

officers and privates.
At 1918 the consideration of the
tariff bill was resumed. the pending
amendment being that of Senator Jones
(Ark.). to strike out in line 20, page 60.
the words ION all sugars
VEST WANTS TO KNOW.
Mr.. Vest (Mo), took the floor and
called upon the majority to answer the
declarations made by the minority that
the present sugar schedule gave a large
increase of. protection TO the sugar
trust His side he said. had made the
direct issue. The sugar trust was now
making 20 per cent on its enormous
watered stock. Its officials had ad-
mitted it. In view of this fact. il was
due the minority and the country that
an explanation that explained should
be made by the other side. But what
was the reply of the majority to the
challenge of the minority? 1t was
that, leaving out the countervailing
duty of three-eights of a cent. there
was no increase. But what he wanted
to know was what it was if that three
elghths was included. By what sort of
legerdenain was it TO be excluded Mr..
Vest repeated his statement of Wednes-
day that the protection of So degree
sugar was increased by the caucus
amendment over the original senate
amendment 5 cents per hundred pounds.
1t was 66 cents in the schedule adopted
yesterday against "a cents in the pres
ent law. He went into an elaborate
illustration with Mr.. Aldrich's figures
as a basis. and challenged the majority
TO disproye his calculations:
THE FIGURES.
These figures" said he passionately.
sshoald be admitted or disproved. that
senators may take the responsibility
here
rI-1,o -ol,osJ,,1a h.. ;pSie4ad x-ac utterly
indefensible The only excuse he had
heard advanced was that of Senator
Allen that the duty was imposed not
for revenue but to encourage the beet
sugar industry.
con. Mr.. President" cried Mr. Vest in
conclusion, our experts may be mis-
taken, we may be in the fog ringing
our bells, but ] repeat again what 1
said the other day, that there was one
set of men in this country who were
not mistaken. Our friends in Wall
street know what this schedule means,
he said his voice rising. Within four
hours after this schedule was reported,
sugar stock went uD Sc a share, from
IFS to 1874 Last night il closed at 129&-
Does anybody believe that Wall street
does not know what protection this
schedule gives to trusts? ?"
MENERY ALSO.
Mr.. McEnery, who yesterday voted
for the sugar schedule. followed Mr..
Vest He argued that the interests of
the sugar producers went hand in hand
with those of the sugar trust. The in
terests of both were bound up together
If the differential on refined sugar was
not maintained, blow would be struck
at the producer and every big factory !
would be idle.
Continuing, Mr.. McEnery insisted |
that he could see no good reason whv /
y--r- - Iii --o 70
should not be committed to protection |
not high protection, but such protec- |
ton as IS consistent with revenue ne |
cessities. Considering the vast inter
ests of Louisiana in sugar there was no /
reason, he said, why the industry i
should not be protected.
The vote UPON Mr.. Jones' amend
ment was then taken. 1t was rejected
yeas %, nays S2
Mr. Lindsay, CKy.), then took the
floor in support of his amendment 10
strike out the differential on refined
sugar and place all sugars on an equal
ity. 1t had been argued, he said, that
in order to build up the sugar industry
there must be maintained a gigantic
combination of capital that operated as
an UndisguiSed trust that controlled so
per cent of the sugar produced and sold
in this country.
NO NEED FOR ASSISTANCE.
The trust did not need and should
not have assistance. This schedule
would, he said, tax the people $40, 200.-
900.
If we mean business interposed
Mr.. Allen, (Neb.), and we desire to
destroy this sugar trust, why don't we
go into court and by quo warranto or
other corporation process, dissolve the
truSt?"
I hope" replied Mr.. Lindsay, "be-
fore this bill IS passed. to see an
amendment engrafted upon it which
Will enable the courts to protect the
people from the avarice of this cor
poration. But because the courts have
failed to do their duty, it is not for
the legislative department to give an
additional subsidy to the trust
Mr.. Lindsay said he did not contend
Tor discrimination against sugar re-
finine, but he did not believe in taking
at CD as a favored and fostered indus
try IN the face of its history for the (
past 20 Yeas He said in reply to ques- {
tons that the intention of his amend
ment was 10 put refined sugars on pre- {
c;Sely the same basis as raw sugars. 9
The effect of the amendment would be I
TO protect the sugar refiner as the sugar
producer is protected /
He quoted the striking denunciation
of the sugar trust made by Secretary
Chen senator) Sherman in $780, who
then said speaking OF the trust: IF
we viii not submit TO a king or an en-
peror, why should we submit to an au I
tocrat OF trade2"
In reply to a question as to what /,
effect the enactment of this schedule
would have on the beet sugar industry h
Mr.. Caffery stated that the industry c