The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-26

and Means Committee. and author OF the
House bill, took a seat Immediately be-
side Mr.. Aldrich and listen0d attentiveiy.
other Republican members of the Ways
and Means Committee. ard Representa-
tive Simpson, of the PopuLtnt contingent.
occupied the rear lounges Speaker Reed
was not present
Mr.. AIdrich spoke for almost an hour
and a quarter, adopting aa easy conver-
sational style. His speech was the oH-
cial utterance OF the Finance Committee,
and lin a sense OF the Republican side
of the chamber without making indi-
yidious dist notions between the two bills,
Mr.. Arden clearly stated, as the belief
of the Finance Committee. that the House
bill would not yield reyanue adequate
for the needs OF the Government.
Mr.. Vest, OF Missouri, one OF the Demo-
cratic members of the Finance Commit
zee. followed with a statement In oppo-
sition to the bill.
Mr.. Cannon (of Utah). a silver Republi-
can. closed the debate for the day by
urging that the protection should De 50
distributed "a to aid the farmer.
Early I'm he day Mr.. Mallory. the new
senator from Florida. was sworn IN. ana
took his seat.
BUSINESS IN SUSPENSE.
In opening MS speech Se""'''
said:
MIR: President. the business Of the en-
,ro country Is I'm "A state OF suspension
awaiting the action OF the senate upon
The bill under confederation. believe
that the anxiety 10 secure action upon
this important measure at the earnest
possible day is shared by every MEMBER
Of the Senate. 1 can say for senators
sitting on this side OF the chamber thai
no time will be spent In the academic
discussion OF the principles OF protection
II Is my purpose TO keep the blil continu-
ousIy before the Senate 10 the exclusion
OF all other legislative business. until u
is finally disposed OF. and In this ! snail
expect the hearty cooperation of seha-
tors on both sides OF the chamber. IN
the discussion OF this bill the majority
OF the committee Will content themseives
with such brief explanations "a may pe
found necessary for the various para
graphs as they are reached
..rhe majority OF the Finance Commit
tee believes that II a thorough revision OF
our revenue laws. such as Is contem-
: plated by the House bill. IL necessary. u
should be carried out I'm "A conservative
spirit and n reasonable and moderate
measure should be adopted that viii IN
a
nence to our tariff legislation. Frequent
revislons OF the tariff are productive OF
long periods OF uncertainty and arrested
development The radical change In policy
In 1894 proved disastrous to the business
interests of the country.
NO EXTREME LEGIsLArTOS.
cit was. I believe. Thoroughly under.
stood throughout the country In the last
political campaign tha. II the Republican
party should again be intrusted Win
power no extreme tariff legislation would
follow. IL was believed that IN the
changed conditions Of the country a re-
turn 10 the duties Imposed by the act OF
1850 would not be necessary even from
protective standpoint ~ was with these
facts constantly In view that ths ma
torlty OF the Finance Committee prepared
the amendments which they have SUBJ
mitted for your consideration.
.Industriai conditions In this country
with very few exceptions. 10 not demsnd
n return to the rates imposed by the
act OF 1880 The bitter contest which "
going On among the leading nations OF
the world. .or Industrial supremacy. has
brought about improvements IN methoos
and economies In production 20 an ex
tent which WIS not Thought possible :
few years ago. These condiuons must
be taken into accout In considering the
rates to be imposed.
''WHhout relinquishing one particse OF
our devotion to the cause of protections
we feel that we have q right to ask snas
|. the cause shan not b burdsned By the
imposition Of duties which are unneces-
sary ana exeaaeivs."
Aft4r sivine IN detail the Mouse esti-
| mates Of revenue. Mr.. Aldrich proceedeo;
| ExcEn0IvB 2UvHHCU uD1IuATEA
''it win b apparent freu . critical ~