The herald., 1897-07-06
Till Somebody Gets Tired
Out
CAN'T REACH AN AGREEMENT
ON THE TIME FOR THE FINAL
VOTE
Many Tariff Amendments Proposed
and Voted Down, but Stamp
Tax Will Be Imposed
Associated Press Special Wire.

Associated Press Special Wire.
WASHINGTON, July 5-Senator AL
lison, in charge of the tariff bill, an
nounced shortly before the adjournment
of the senate tonight that as no agree
ment had been reached for a final vote
on the tariff bill he would ask the senate
to remain in session tomorrow night at
least until the bill was reported from the
committee Of the whole of the senate.
This promises test of endurance unless
the opposition to the bill gives way. Al
lison's statement was made after an
other futile effort to have time fixed
for the vote.
In some respects the senate made good
progress today, disposing Of two amend
ments, that placing a stamp tax being
agreed to with little or no opposition and
without the formality Of a vote, while
the Spooner amendment proposing
tariff investigation was withdrawn. after
a protracted struggle The amendment
agreed to fixed the following rates ON
bonds etc.: Bonds, debentures or GER
tificates of indebtedness issued after
September Is, 1897, by any association.
company, corporation, on each $100 Of
face value or fraction thereof, 5 cents;
and on each original issue, whether an
organization or reorganization of GER
tificates of stock by any such associa-
ton, company or corporation on each
s1OO of face value or fraction thereof, 5
cents; and on all transfers of shares OF
certificates of stock In any association.
company or corporation on each 500 Of
face value or fraction thereof, cents.
Exemptions from the stamp tax are
made in the case of state. county or mu-
nicipal bonds and the stocks and bonds
of cooperative building associations
Late in the day several other amend-
ments from individual senators were
voted on. One by Mantle of Montana re-
ducing the internal revenue tax on dis
titled spirits to 70 cents per gallon was
defeated, 23 to Al.
An amendment by Mills Of Texas, pro-
posing tax OF per cent on manufac-
tured products, the proceeds to go to-
ward reducing the bonded debt, was re-
jected, 10 to 3S. Also an amendment by
Mills, granting 20 per cent reduction In
duties to those countries admitting gold
and silver to their mints at the rate OF
sixteen to one; yeas 16, nays 81. On
this vote Carter voted with the Demo-
Gratis, Populists and Silver Republicans
in the affirmative, and two Democrats,
Caffery and Gray, voted with the Re-
publicans in the negative. Mills moved
to amend paragraph 1896 by striking out
books of all kinds" his purpose being
to place books on the free list. Reject
off w
the Bible admitted free was defeated.
A new paragraph was inserted IN the
free list: Waters for sacramental use,
or for covering or holding pharmaceu-
tical preparations.
A legal discussion ensued as to the
legality of the provision that un-
stamped bonds, ETC., shall be utterly
void and shall not be used in evidence"
The stamp amendment as whole was
finally agreed to in viva voce vote, no
call for an aye and no vote being made.
The mo" response was light and came
from the Democratic side.
Mr. Allison proposed the amendment
heretofore offered by Mr.. Spooner for q
tariff inquiry by three members of the
board of appraisers
Mr. Teller took occasion in this con-
nection to criticse the committee for
first transforming the house bill and
then going back in substance to the
house rates. He had tried to learn what
amount of revenue the bill would yield
and he said he would be glad to have
the chairman, Mr.. Allison, throw some
light on that subject. This brought
Mr.. Allison to his feet for the first def
mite statement as to the revenue ex-
pected to be derived. He said it was
not possible for any expert to make ex-
act calculations on the amount of rev.
enue the tariff bill would yield. 1t had
never been done and never would be.
But from the best information, pro-
ceeded Mr.. Allison. Il believe this bill
will yield $4,000, 900 to $3.50, 900 900 the
first year, from July l, 1897, to July l.
1885,"
He said the schedules had been gone
over at any stage, as successive changes
were made, and he felt that this estimate
could be safely made. 1t applied only to
the first year, after which there would
be much larger yield of revenue.
How much the second year?" queried
Mr.. White.
1T depends" answered Mr.. Allison,
"but will say something over 5000, ,000,-
0O0"
How much over the present law?'
asked Mr.. Stewart.
about $4,000, ,O00." replied Mr.. AlIi-
son, but it will depend upon the condi-
ton of our industries. 1t is not possible
to make more than a general estimate"
Mr.. Vest remarked that the average
ad valorem of the bill would be much
higher than that for the existing law,
the Mckinley ad valorem being 40 per
cent, the existing law 80 cents, while the
estimate of the house bill was 81 per
cent
Allison said the average ad valorem OF
the bill in it's final form would be in the
neighborhood of so per cent.
Teller of Colorado again got the floor
at this point. He criticised the\esti-
mate of the amount of revenue the bun
would produce, which had been offer6d
by the majority. He ridiculed Dinsley'o
estimate and referred to the af71n}nnf<ul