The herald., 1897-07-03

amendment to the tariff bill by the judi
cial committee to prohibit trusts. The
amendment was based upon a sugges-
ton made by Senator Nelson, but was
perfected by subcommittee consist
ing of Senators Thurston, Davis and
Spooner 1t was expected up to Wednes-
day night that 1t would be introduced
as an amendment to the tariff BILL but
when presented to the finance commit
tee Wednesday evening that committee
suggested the individuality of saddling
the trust question on the tariff, saying
1t would be preferable to have the two
questions treated independently of each
other.
There were further conferences among
senators yesterday, and as conse-
quence Of these and of the recommended
tion of the finance committee the judi
ciary committee decided not to present
the bill to the caucus as an amendment
to the tariff bill. Senator Thurston was
the only member standing for the coup
ling of the two questions.
Just before adjourning Allison tried
to secure an agreement on a time for Il
final vote, but Teller said it would be
useless to try to fix a time for vote
until senators knew what amendments
were to be postponed.
AT o'clock the senate adjourned.
NOMINATIONS
WASHINGTON, July 2.-The Presi-
dent sent the following nominations to
the Senate: State-Wm WoodvilIe, Dis
trct of Columbia, to be Envoy Extraor-
dinary and Minister Plenipotentiary and
Consul General to Greece, Roumania
and Servia; Arthur S. Hardy. New
Hampshire, Minister Resident and Con-
sui General of the United States to
Persia; Abraham w Smith, of Illinois,
Consul of the United States at Victoria.
B. C.
The senate in executive session con-
firmed the following:
Consuls-Jose phi j. Stevens of Indiana
Plymouth. England; Henry Bordewich
of Minnesota, Chrstiana Norway; Johr
c. Caldwell of Kansas, San Jose, Costa
Rica; Philip c. Hanna of Iowa, Trini-
dad, West Indies; Abraham E. Smith of
Illinois, Victoria, B, C.
Lieut.. Col. William H. Powell. elev-
enth infantry. to be colonel; jor Clar-
ence Edmund Bennett, nineteenth in
fartry. to be lie eutenart- t-colonel; Capt
Ste phen p, Jocely, twenty-first infantry.
to be major; also minor promotions in
the army.
Mr.. Hardy, who goes as minister to
Persia is professor in Dartmouth col
lege and once occupied chair of mathe-
matics at West Point military academy,
Of which institution he is graduate
Mr.. Hardy is an author of considerable
renown. He has written several now
els, probably the best known is that
bearing the title But Yet a Woman"
His selection is due to the personal favor
of the president, though it was acqui-
esced in by the New Hampshire senators.
CAUCUS PROCEEDINGS
WASHINGTON, July 2.-The provis-
! ion for tax on stocks and bonds trans
actions in correction with the tariff bill
which was agreed upon at caucus of
Republican Senators, was suggested by
Senator Lodge, and grew out of the
statement that with the tea and beer
provisions withdrawn the tariff bill
would likely fall short to the extent of
fifteen millions in providing sufficient
revenue for meeting the demands OF
the Government. The suggestion of
Mr.. Lodge accepted by the caucus was
that a tax of two cents per share be
levied upon every share of stock sold
at stock exchange and similar tax
of two cents upon all bonds sold on a
stock exchange or elsewhere. Rough
estimate places the revenue through this
provision at seven millions. The finance
committee took up the matter today but
reached no conclusion.
Senator Elkns seconded Senator
Lodges efforts in behalf of the tax max
ing a vigorous speech. 1T is understood
that an amendment will also provide for
a stamp tax on all issues of stock when
the company is originally formed or sub
sequently enlarges its issue. 1t was
suggested to make it fifty cents per hun
dred shares of stock
The caucus not only decided not to
impose an extra tax on beer, but also, at
suggestion of Senator Pritchard, re-
ceded from the proposed changes on
manufactured tobacco. including smok-
ing tobacco, leaving the provisions re-
garding cigars and cigarettes in the in
ternal revenue features of the bill. A
decision was reached to make the rate
on cigarettes in the internal revenue
features of the bill double the proposed
rate by the Finance Committee, or 81
per thousand on those weighing less
than three pounds per thousand, in
creasing the rate for those of larger size.
LODGE LOADED
WASHINGTON, July g. = Senator
Lodge today prepared a draft of an
amendment to the tariff bill providing
for a stamp tax on stocks and bonds in
accordance with the action of the Re
publican senatorial caucus of last night
and submitted it to the finance commit
tee. AS prepared, the amendment pro-
vides for a tax of 5 cents share of 500
or fraction of the face value of the capt.
tai stock or of bonds on their issuance.
and of cents for each 800 or fraction of
each transfer of stock or bonds. United
States and state bonds are exempted, as
are individual bonds to secure mort
cages. and also the stock and bonds of
mutual benefit. building associations
The amendment has been submitted to
the Republican members of the judiciary
committee and approved by them as to
form.
Kentucky Loans
LOUISVILLE, July 2-Within sew