The news & observer., 1897-06-06
THE LARGEST CIRCULATION NORTH CAROLINA DAILY PAPER
taxes on finished products while the raw

taxes on finished products while the raw
products were left on the free list.
Why, he asked Mr.. Vest, should the
drops of blood to which the Missouri
Senator had referred, be drawn to the
benefit of the producer of the finished pro-
duct and not the raw.
Mr.. Vest rather lightly said he under
stood the web and woof Of the Senator's
statement to be that he favored revenue
tariff but not a protective tariff
Not only the web and woof, but the
whole garment" responded Mr.. Bacon.
Mr.. Vest asked Mr.. Bacon to explain
why it was that these rates were made
absolutely prOhibitory.
Mr.. Bacon answered by a denial, say
ing that average duties below 20 per cent
could not be prohibitory. He added that
he had spoken at some length because
he found himself differing from some of
his Democratic associates. He had not
in any way abandoned the view that
correct duty is revenue duty, and in
this connection he referred Mr.. Vest to
the duties imposed by the Wilson act
framed in part by him (VesO.
Mr.. Vest said he entered his protest
against any statement that the Wilson
act established a precedent for the Dem
ocratic party. mat bill, he declared, was
passed under duress, with the President
and the Secretary of the Treasury urg-
ing that tariff bill was absolutely neces-
sary.
IF the Senator was called upon to
frame a revenue tariff BILL" interposed
Mr. Bacon, what would he consider the
lowest average rate?"
That would depend on the require
ments of the government" answered Mr..
Vest.
Would it be - per cent? persisted
Mr.. Bacon.
Mr.. Vest thought it might be if the ex-
penditures of the government were
brought within reasonable limits.
Gould it be 20 per cent?" pursued Mr..
Bacon.
Mr.. Vest said that no conjectural per
cent could be fixed without any informa-
ton on the requirements of the govern
ment. The Senator added as to the Will
son bill that the three features in which
pride was taken was free salt, free lum-
ber and free wool.
And | am sorry that a member of my
else him for exercising it-I am sorry
that a member of my party should be
ready to take one those articles out of the
free list and put duty on it,
Mr.. Bacon answered that the Senator
from Missouri need feel no solicitude as
to the attitude of a Senator of his party.
Equity in the distribution of taxation
was fundamental tenet of the Demo-
apfx MI u
pie of Democracy.
Mr. Clay followed Mr.. Bacon, speaking
for the first time since he entered tbe
senate. lie expressed himself emphat-
IcaIly against free trade and in favor Of
taflif sufficient to carry on the govern
nneht economically administered In the
IeFFlhS OF this 11n, he said there
Shouid De the strictest equality in its i'm
positions. MIR. Clay criticised the sug-
sTSleu schedule as especially objection
aole. Under the Senate bill the cost of
1sar' he sad, would be not less than
@fcof per hundred, an advantage to tba
le!iner OF % cents on the hundred The
pIice 10 the consumer would be increase
~ ti,e extent of $1.20 per hundred
MeIght' Ibis profit would go to the Su-
sal trust and that no political marty
touiu stand under the odium this leoisIo-
eioh would produce. Mr.. Clay also crit
-seu u the proposition to place dutv On
Yea: he SAID there was now held in +ba
=, rhlted states 45,000,OO0 pounds of taa
- put uhe proposed duty on this articIo
"ouid De TO add S4500,0OO to the waaItb
~ ~ 1ile tea holders. Summing m no sa;d
.ne senate bill would increase the bur.
oen oel1s o OF the poor to the extent of 500
ooo'Voo on the four articles of sngor
"Ooi' TEA and beer. He claimed that tho
l"IniIhg Ii interests had been neglected. ond
Cdileu attention to the constantly folIinl,
prices IN farm products. 's
- re ueclared that the bill would NOT oivo
Itilet TO the people and also asserted +hot 9
.ne tarlf had not been the naramonnt
ISSUE IN the last campaign. That ;Ss,o
ire sald' mad been almost forgotten in 49,
n. nnanclal question. Now the fnanciaI
question was apparently lost sight nf
III the agitation of the tariff
VII. Allen (PopuliSt. Nehra askal u.h,
tbe na nos Just returned to the city. asked that
oat; paragraph go over for further cons;d
e"1Ion' non and M. Allison assentnd n'i''-
soLd other paragraphs of tbo w.,
oo1 Ili win the exception of 1917 orJ
@oI tclap boards) and sbineloS '' ano
eteeu hei 10 as reported, all amandmont.
being voted down. ~ ''i'eiiiinents
oithe,S1 he senate reached the sugar schedule
nroI,p;a 'nGusA the paragraphs passed over
10 take considerable time ho-
ioIe TIE sugar schedule is actually takon
up. At 4:15 p. m thn SanS+o '''Ne,i s5
journed. 'en"'e au-
SIORES MUST CLOSE ON STrNDAv