The herald., 1897-07-20

ence six weeks without reaching an
agreement.
sThe trouble in 1894" retorted Bailey
was that we were trying to run Gt
Democratic party with a lot of mug
wumps in command" daughter anG
applause on the Democratic side)
Dingley continued his efforts to FIX a
time for vote, the Republicans, during
the discussion, crying: "Vote, vote
vote"
IT suggest we walt until sugar stock
goes up little higher" said, Bailey, sar-
castically. 1T has gone up So a share
since the agreement was reported"
All efforts to reach an agreement hav-
ing failed, Dingley opened his speech on
the conference report. He took up each
schedule, explaining in detail the
changes made and following closely the
formal statement given out by the COM
mittee.
Concerning the sugar schedule, Mr..
Dingley read from the official statement,
adding brief comments. By the new ar
arrangement about Sc, 900 increase of
revenue would be realized, as the in
crease had been placed on raw sugars at
the point where revenue would be re-
eeived and at the same time the beet
sugar industry would receive substan-
tial benefit.
When Mr. Dingley referred to the elm
ination of the stamp tax, Mr.. Todd of
Michigan (Dem) asked him if he con
fessed" that they had abandoned the
IDEA oftaxfng the stack gamblers of Wall
street.
Not at ALL replied Mr.. Dingley. eve
discovered that the sales on Wall street
could not be followed. No record is
kept. The machinery of collection would
be too complex"
Mr.. Cooper of Wisconsin Rep) want
ed an explanation of the net result of
sthe change in the sugar schedule.
Mr.. Dinghy, after a calculation, af-
firmed that the refiner of sugar under
the present Wilson law had differential
of 221s cents per hundred pounds as
against 1919 cents in the pending bill as
agreed to by the conferees. AS to the
question of revenue to be raised by the
bifi MIR Dingley pointed cut the dim
Guilty resulting from the large anticipat-
ory importations. The bill next year he
calculated, would raise 1925 600 600, $751;
Oo0 900 more than the present law. Over
$40 600, 900 had been lost in this year S
revenues by the importations 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
raise $1S5, 100000.
Mr.. Dingley declared that there was
no doubt that the revenue would not
only be ample to meet the expenditures
of the government, but allow Repub-
lcan administration to begin again tc
pay off the principal of the public debt
which had been increased by the late
administration. In conclusion Dingley
received round after round of applause
from his Republican colleagues by pre-
dieting as a result of the enactment OF
this bill a rise of prices and a return
of prosperity.
- Wheeler of Alabama. Democrat, open
ed the debate for the Democrats, CRITICS
ing the bill as the most vicious and bur-
densome ever imposed on the American
people.
Swanson of Virginia Democrat, g
member of the ways and means commit
tee, to whom Wheeler yielded portion
of his time, devoted his attention to as
sailing the sugar schedule agreed upor
by the conferees.
Lacey asked Mr.. Swanson whether the
trust had not made great profits in 1S9'
by anticipatory importations, just a.
the trust probably would make grea
profits now. Their profits were eStimat
ed at $15,O0O000. Might not this accoun
for the increased value of the stock, h,
asked
If the trust was to make SIS, OO0,o ou
of the anticipatory importations Swan
son replied, it was not entitled to diff
ferential.
I'VE cannot prevent anticipatory i'm
portations." said Lacey
you could do what Secretary Gage
recommends replied Mr. Swanson
You could place an internal revenue
tax on the sugar which has been import
ed. If you want to strike blow a. the
trust why don't you follow the advice
of your secretary of the treasury"
One of the greatest demonstrations of
the debate occurred when Mr. Danham
of Texas, Democrat, who followed, paid
tribute to, Williams j.. Bryan. The
Democrats cheered for several minutes
and many of the spectators Joined in the
demonstration.
Mr.. Kelly of North Dakota, Populist,
thought that if an antitrust amendmen
had been placed in the bill its most dan
gerous fangs would have been drawn.
Mr.. Grosvenor of Ohio, Republican, in
terrupted Mr. Kelly to say that the in
crease of the duty on lead ore was
placed in the senate bill by Populist SEN
ators and held in the bill by the Popu-
lists on the conference committee.
Mr.. Lewis asked Mr.. Grosvenor wheth-
! er it was not fact that the duties on
white lead gave the lead trust SO, 500, 000
of protection.
II do not know. and do not care" re-
piled Mr.. Grosvenor smiling.
81 knew the latter was true" respond
ed Mr.. Lewis with his most debonnar
air "The Republican party does not care
what outrage it commits"
The house then, at 6 p. M, took recess
until p. M, under the agreement made
early in the day
At o'clock. when the night session be-
gan, the galleries were crowded, many
ladies being present. Dingley stated at
the outset that he hoped to secure a vote
by 10 o'clock.
Bailey said 10 o'clock was too early,
but he thought the vote could be taken
by IL o'clock. He would not, however,
make a definite agreement upon the
vote.
Thereupon Dingley gave notice that
he would move the previous question not
10 1 ~