The herald., 1897-07-08
the hopes of advocates in its effect upon
nlIhlic Dros narifu and acfixritv


ology. The section placing tax on tea
which had been inadvertently passed
over, was stricken out.
Allison moved to strike from the fre,
list hide cuttings. raw, with or withou
hair, and other glue stock" This caused
some conflict, Jones of Arkansas oppos.
ing the change. Thereupon Allison with
drew the amendment, but Mason of Illi-
nois vigorously protested against the
work. 1t was agreed to by vote Of 81
to II.
Stewart of Nevada proposed ar
amendment limiting the treasury re-
serve to 100000, 900 and providing that
when an excess of s5.O00000 was reached
then the secretary of the treasury shall
purchase and retire United, States bonds
to the extent of the excess of over $780,
100000 He spoke at length on the
amendment and against the piling up OF
large sums in the treasury.
He declared that the accumulation Of
a vast surplus drawing no interest
while bonds were outstanding, drawing
interest, was the very genius of i'm
becility-I would not say rascality."
Vest expressed the belief that there
would be no surplus yielded by the
bill by 1898. When protective rateswere
increased imports decreased, and in de-
creasing imports the revenue was de-
creased.
The senator said he did not see how
it wac possible to escape the conclusion
that there would be deficiency of from
SIS, 600, 900 to $40 900, 900 under the bill in
1898.
The senator turned his attention to
the benefits conferred by the bill on
trusts and submitted, table of 1870
trusts with the tariff duties calculated
to ben eft each.
Referring to the Stewart amendment,
Vest said he regarded it "a crime
against the people of the United States
to take money out Of their pockets and
lock 1t up to be gazed at by tourists
Morgan of Alabama opposed the Stew
art amen dment on the ground that it
gave indirect recognition to the main
tenance of the gold reserve now in the
treasury.
It was disgrace, he asserted to main
tain this speculative jackpot for
spectators and gold gamblers to run
after it.
Lindsay of Kentucky remarked that
the effect of the amendment would be
to compel the secretary to Immediately
purchase and retire $139 0O0, 900 of bonds.
Allison moved to lay the amendment
on the table, and the motion was car
ried, SO to 80.
Morgan then offered the amendment,
of which he gave notice yesterday, MAX
ing combinations among dealers in cat
tie or swine, engaged in interstate COM
merce, to increase or depress the prices
thereof, criminal and punishable by
fine and imprisonment. Lost, 26 to 81.
Allen referred to his sugar bounty
amendment, in another form, providing
for a premium of so cents per ton on su-
gar beets for five years. beginning July
/, 1898, and it was lost, IL to 54
Ch ilton of Texas moved to place fan
nels, blankets and cheaper grades of
WOODEN goods on the free list. Lost, 25
to &c.
Allen moved an amendment, providing
that all surplus funds in the treasury
should be used for the redemption of the
interest bearing debt Lost, 26 to 35.
Another amendment offered by him.
directed at trusts, providing for the i'm
position of tax of Is per cent on the
products of all trusts was also lost, 25
to &c.
Allen offered another amendment, d.
recting the secretary of the treasury to
send annual reports to congress as to the
extent to which trusts and combinations
produce or control articles receiving the
benefits of the tariff. Lost, % to 81.
Gray offered an amendment, reciting
that no duty shall exceed 25 per cent ad
valorem on any article except spirits,
wines and other beverages. Lost.
Allen offered an amendment relating
to the re-entry and rebond of distilled
spirits Lost.
The monotony of amendment and roll
call was frightened by Teller, who took
the floor to state his attitude on the bill.
He intended, he said, to address the SEN
ate at some length against the BILL but
had concluded that it was best to allow
the measure to go into conference and
discuss it during conference. He renew
ed his loyalty to the doctrine of protec-
ton and declared that had the bill been
shaped on protective or Republican lines
he would have voted for it, although he
did not believe ii would bring prosperity
But careful consideration of the meas
ure convinced him that the bill could
not pass.
In my judgment it is the worst tariff
bill ever passed" exclaimed Teller. "The
rates are exceedingly high. 1t takes care
of all the trusts in the country and I
say it without offense, the trusts and
combinations and syndicates have haG
too much to do with this bill''
Mr.. Teller said Republican senators
could not escape from responsibility by
saying they lacked a Republican ma
jority in the senate. There were fifty
mem on the floor believing in protection
and at least forty light votes could have
been secured at any time for a decent
bill, framed without consideration of
those senators who, like myself, were
not within the Republican caucus. The
Republican leaders, by consulting these
senators, could have passed any decent,
respectable bill He and his associates
have been told to enter the Republican
caucus but they declined to yield their
Judgment by such course.
I When ] walked out of the st. Louis
convention" proceeded Mr.. Teller, re-
calling a dramatic event, II intended to
walk out Of the Republican party but
stated that I was protectionist STILL
Notwithstanding this, the senator said,
his associates We're treated as though
they were active opponents of the pro-
f@rtive- rlo1icW