The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-07-30
A to the question Of revenue to be

rnised by the bill Mr.. Dingley pointed
out the difficulty resulting from the
large anticipatory importations- The
bill next year, he calculated. would
raise s225. 600. 900. SIS. 900. 900 more than
the present law. Over $40. 00O,000 had
been lost in this years revenues
by the importatons of wool and
sugar and other things, the duty on
which was raised in the bill SO that he
calculated that the bill this year would
rais3 Sls5,V0O. 900. Mr.. Dngley de-
clared that there was no doubt that
the revenue produced by the bill
would not only be ample to meet the
expenditures OF the government. but
allow "A republican administration TO
begin again To pay off the principal of
the public debt which had been in
creased by the late admins tration. In
conclusion Mr.. Dingley received round
after round of applause from his re-
publican colleagues by predicting as a
result of the enactment of this bill q
rise of prices and "A restoration of pros
perity.
Mr.. Wheeler dem, Ala.) opened the
debate for the democrats, criticizing
the bill as the most vicious and burden
some ever imposed on the American
people. In particular he discussed the
serious effect of the measure on the
laboring and agricultural classes Mr.
Wheeler referred to the advance in
Sugar stock in the New York market
yesterday and said this was the clearcst
evidence of the benefits conferred on
the Sugar trust.
OMr. Swanson dem. Va }. q member
of the ways and means committee to
of his time, devoted his time to assail-
ing the sugar schedule agreed upon by
the conferecs- He asserted that the
proposed schedule gave sugar double
the protection received under the pres
ent law. 1t had been loudly pro-
claimed, Mr. Swanson said, that the
house cvnferees had won a brilliant
victory over the senate on sugar, and
he had seen in the morning papers pic
lures of the speaker of the house with
the Sugar trust crushed and bleeding
under his feet
I'VE might be mistaken here con-
tinued MIR. Swanson. I'VE might not
be able to figure out this complicated
schedule, but there are those who make
no mistake. They are the holders of
the trusts stock. They know the eff
feet of the intricacies of this
schedule. When this bill was re-
ported to congress Sugar stock
was worth Sl0S share. To-day it
l.
gone up $50 "A share since il be CAME
evident that this house and this con.
gress intended to give this gratuity to
the trust" Democratic appls use /.
And since the newspaper pictures have
appeared protraying the speaker with
his heel ON the throat of the trust, the
stock has gone up Sill share. Re-
newed democratic applausel. One
more such victory over the trust as
this. gentlemen, and the stock will go
up To $500. Laughterl.
Mr.. Lacey rep. Ia asked Mr.. Swan
son whether the trust had not made
great profits in 1894 by anticip atory
importations, just as the trust i roba-
bly, would make great profits now.
Their profits were estimated a. Sl5.-
00O,000 Might not this account for
the increased value Of the stoc'x? he
asked.
If the trust were to make SIS. 600, 900
out of anticipatory importations. Mr..
Swanson replied, it was not entitled to
a differcntial.
I'VE can not prevent anticip atory
importations. said Mr.. Lacey.
"You could do what Secretary Gage
recommends replied MIR. swanson.
You could place an internal revenue
tax on tins sugar which has beon i'm
ported. IL you want to strike a blow
at the trust why don't you follow the
advice of your secretary of the treas
ury?"
Mr.. Swanson and Mr.. Northway
rep, o. then had brief controversy
over the sudden boom in the price OF
Sugar stocks, in which the latter con.
tended that Sugar stock had gone up in
sympathy with the whole market.
One of the great demonstrations OF
the debate occurred when Mr.. Lanham
(dem.. Tex who followed, paid a trib-
ute to William j. Bryan. The demo-
Gratis cheered for several minutes and
many of the spectators joined in the
demonstration.
Mr.. Ball dem, Tex.), who secured
few minutes time, declared that il was
not undemocratic To advocate the rails
ing of revenue by duties on wool, su.
gar, lumber. etc, but he denounced
democrats who sought protection for
the industries of their sections.
The discussion continued throughout
the afternoon and a long night session,
the vote on the bill, which was taken
at 1918 a. m, resulting: Yeas. 1s5;
nays, lis.