The record-union., 1897-03-26


Welsh manufacturer to compete against
the home manufactures. so it was
abandoned. He defended the bill
against the charge that it fostered
trusts.
1.-The political economy of Adam
Smith has long since been relegated
where it belongs, he said. THE in
dustrial world has been revolutionized
by the introduction of the factory sys-
tenn. 1t is no longer the single farmer
or the single mechanic, but great ag-
gregations of wealth necessary to car
ry on vast enterprises, which are rec
ognized by the laws Of every State
He would not say there were not
abuses Incidental to the system, but in
free trade England there were more
monstrous trusts than the United
knew anything about, and he cited, for
example, the English steel rail trust,
and read from an English paper con-
cerning a new combination of the great
armament manufacturing firms. All
the cry about trusts was an exhibition
of ignorance of economic conditions
Dalzell was warmly congratulated
when he concluded.
Colson R.) of Kentucky argued in ia
vor of II higher duty on Cannell coal.
He said il the issue had been free sill
yer alone. Kentucky's vote would have
gone to Bryan.
Steele (R.) of Indiana, a member of
the Ways and Means Committee, gave
it as his opinion that the measure was
the most complete tariff bill ever
framed, not only because of the duties
imposed, but because of the superb
method provided for the collection Of
those duties.
While discussing the reduction Of the
duty on cattle in the present law, Simp-
son Pop) of Kansas asked if it was
not a fact that the price of cattle had
increased since the reduction Of the
duty
1T is not a fact" replied Steele.
Il insist that it is persisted Simp
son. What are known as 'stockers'
are one-tkird higher than they were
three or four years ago."
Hawley (R) of Texas treated the
House to an argument in favor of pro-
lection from the standpoint of the Lone
Star State and was literally applauded
by his party colleagues.
At 3 o'clock Bailey of Texas was rec
the opposition, but he stated that his
voice was in no condition to speak, and
an arrangement had been reached with
Dingley by which the House would be
asked to modify the special order so as
to allow an hour to each side to close
after the conclusion of the five-minute
debate next Wednesday.
De Almond Cd of Missouri charged
=
cans was to pile up surplus in the
treasury, which could be used to lock
up the greenbacks and treasury notes,
and thus so contract the currency that
the people in desperation would even
tually be forced to accept one of their
schemes for the ACKNOWLEDGMENT of the
national banks.
Couldn't the surplus be used to pay
off S2oO,OOO,OOO of bonded indebted
ness contracted by a Democratic ad-
ministration?" asked Milliken R.) of
Maine.
1T was not a Democratic administra-
ton, replied De Armond TT was an
administration unfortunately placed in
power by the Democratic party, but it
issued bonds in defiance of that party,
and with the connivance of gentlemen.
the like of whom are represented by my
friend from Maine Democratic ap-
plause)
Milliken declared this statement
lacked the slightest scintilla of truth.
Il did not vote for Grover Cleveland"
he declared
No, but you voted for bonds" yelled
Democratic voice
The crime was not in selling bonds"
observed Milliken, 'but in passing rev.
enue bills that starved the revenues"
Republican applause)
While speaking of the national bank
ing system Arnold (R.) of Pennsylvania
interrupted to inquire whether a ma
tional bank note was not as good as
gold.
1T is not" replied De Armond mo
promise to pay thing is as good as the
thing itself" democratic applause)
Fitzgerald CD of Massachusetts, the
only New England Democratic member
in the House, vigorously attacked the
bill He said the press of Boston was
almost unanimous in its opposition to it,
Payne (R.) of Pennsylvania, a member
of the Ways and Means Committee,
delivered very exhaustive speech of
an hour in support of the bill. He
challenged anyone to show that the
pending measure favored trusts The
Mckinley bill established the tin plate
industry in this country. The Dingley
bill, he said, would establish the linen
industry. I'VE will,' he concluded, re
duce the revenues when it becomes ne
cessary by producing our own sugar, our
own tin plate and our own woolens.
This is a sef-regulating bill"
At > o'clock the House took a recess
until o'clock
Not more than forty members ap-
peared for the night session of the
House, but the speakers had good audi
ences in the galleries.
Prince Ga) of Illinois expressed dis
satisfaction with the wool, tobacco and
sugar schedules, the first two because
they were too high.
Skinner Pop.) of North Carolina de-
clared that if the South had worked as
hard during the pas twenty-five years
to secure protection for it's interests as
had the North and East. it would be the
most prosperous section of the country.
Meyer Cd of Louisiana commended
the sugar schedule of the bill.
Gaines CD of Tennessee announced
that to clear up the disputes as to
whether Secretary of the Treasury
Charles Foster had prepared to issue
bonds at the close of the Harrison Ad-
ministration he had secured from Sec
retary Gage a certified copy of the let
ter dated February 20, 1893, in which
Secretary Foster had ordered the Bu-