The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-06


least until the bill was reported from
the committee table TO the senate. This
promises a test of endurance, unless the
opposition to the bill gives way.
Mr.. Allison's statement was made af-
ter another futile effort to have time
fixed for the vote.
In some respects the senate made
good progress today disposing of two
amendments, that placing stamp tax
being agreed TO with little or no Cd
position, and without the formality OF
q vote. while the Spooned amendment,
proposing a tariff investigation, was
withdrawn after protracted struggle.
The stamp amendment agreed TO,
fixes the following rates: Bonds, deb
entures or certificates Of Indebtedness
issued after Sept. 10. 1897. by any asso-
citation, company or corporation on
each 800 of face value or fraction
thereof . cents; and on each original
issue, whether an organization or re-
organization OF certiticates-of stock by
any such association. company or cor
poration, on each 800 of face value or
fraction thereof. cents. and on all
transfers OF shares OF certificates of
stock in any association, company or
corporation, on each 500 of face value
or fraction thereof. . cents. ExemO-
tons from tine stamp taxes are made
III the case 81 Stdlt. COUNTY anu itllt-
nicipal bonds and the stocks and bonds
OF cooperative building associations. -
MANTLE OF MONTANA
Late in the day several other amend
ments from individual senators were
voted on. One by AIr. Mantle. of Mon
Iana, reducing the internal revenue tax
on distilled spirits TO 20 cents per gal
Ion, was defeated-23 to IL
An amendment by Mr.. Mills of Texas,
proposing a tax of per cent on man
ufactured products, the proceeds to so
toward reducing the bonded debt, was
rejected-19 to IS. Also an amendment
by Mr.. Mills granting 20 per cent re-
ductfon in duties 10 those countries
admitting gold and silver to their
minis at the rate of 16 to 1-yeas. 20;
nays, 81.
On this vote one Republican. Mr..
Carter voted with the Democrats,
Populists and Silver Republicans in
the Affirmative, and two Democrats.
Caffery and Gray, voted with the Re
puLlicans in the negative.
Mr.. Mills moved to amend para graph
395-D by striking out books Of all
kinds" his purpose being TO place books
on the free list-rejected. IS to IS
An effort by Mr.. Mills to have the
Bible admitted free was defeated.
a new paragraph was inserted in the
free list.
Waters. for sacramento use, or for
covering or holding pharmaceutical
preparations"
A legal discussion ensued as to the
legality of the provision that I'M
stamped bonds, etc, shall be utterly
void and shall not be used in evil
dence."
The stamp amendment, as a whole.
was finally agreed to in a viva voce
II for N and
being made.
The mo" response was light and
came from the Democratic side of the
chamber.
TARIFF INQUIRY.
Mr.. Allison proposed the amendment
heretofore offered by Mr.. Spooner for
a tariff inquiry by three members of
the board of appraisers.
Mr.. Teller took occasion in this con-
nection to criticise the committee for
first transforming the house bill and
then going back in. substance to the
house rates. He had tried TO learn
what amount of revenue the bill would
yield, and he said he would be glad to
have the chairman, Mr.. Allison, throw
sunlight on that subject.
This brought Mr.. Allison to his feet
for the first definite statement as to
the revenue expected TO be derived.
He said it was not possible for any
expert to make exact calculations on
the amount of revenue tariff bill
would yield. II had never been done
and never would be done
But from the best information avail
able" proceeded Mr.. Allison. Il be-
lieve this bill viii yield Sl75.O00,OOo to
$50, 900, 600 the first year; that is, from
July /. 1897, 10 July I. 1898
He said the schedules had been gone
over at every stage as successive
changes were made. and he felt that
this estimate could be safely made. 1t /
applied only to the first year, after /
which there would be much larger (
yield Of revenue
s"How much the second year?" quer- /
ried Mr.. White.
IT depends" answered Mr.. Allison !
But 1 Will say something over $780,. /
600. 000''
How much over the present law?"
asked Mr.. Stewart of Nevada.
About $50. 600 Co.," replied Mr.. ALI /
son, but it VIII depend upon the con-
dition of our industries. 1t is not pos
sible 20 make more than a general es-
innate"
Mr.. Vest remarked that the average /
ad valorem rate Of the bill would be
much higher than that of the existing
law. the Mckinley ad valorem being 40
per cent. me tAlSllIS law % per cent.
while the estimate on the house bill
was 81 per cent.
Mr.. Allison said the average ad
vaIorem of the bill in its final form
would DE in the neighborhood of 30
per cent.
Mr.. Teller of Colorado again got the
floor at this point. He criticised the
estimate of the amount of revenue the
oill would produce, which had been Of
sered by the majority. He ridiculed
hartman Dingley's estimate, and re-
-erred to the admission that means
must be found outside of the bill as it
anne from the house TO supply the de-
icit. He spoke of the various proDo-
;itions the finance committee had ad-
-anced and abandoned. The beer tax
le said. would not have cost the con-
,urler a single mill. 1t would have been
)orne By the beer manufacturers. who
lad been prosperous throughout the
ears of Industrial stagnation.
But" continued Mr.. Teller, "a great
election was pending in one of the
tates of the United States where a
arge portion Of the voting population ,
lid not believe in a tax on beer, so it
vas sacrificed"
TELLER'S ARGUMENT.
Mr.. Teller argued that there were
lher methods of raising revenue with
laying inordinate taxes on the nec-
ssaries os life. He said he had once
'een greatly impressed with a remark :
{ Mr.. Allison to the effect that we had /