The Superior times. [volume] (Superior, Wis.) 1870-1912, 1897-07-10
WASHINGTON LETTER.

Senator Allison and his asSCCIdt les
| worked hard to get the tariff bill
through the Senate last week, but fate,
in the shape of several undisposed of
amendments, could not be overcome,
but they have the consolation of know
ing that they VIII certainly pass the bill
this week.
| Probably no amendme Mt added to the
tariff bill by the Senate will give more
general satisfaction than that which i'm
poses tax on every certificate of stock
and bond other than those issued by
/ the Government, National. State or Mu
! nlcipal. Ia addition to raising revenue
/ to a large amount from class who Will
( not find it a burden. this amendment,
! if it remains IN the bill until it becomes
q law, as it probably will, viii drive the
! places known as "bucket shops" out Of
/ business, because TO fail 70 pay the tax
/ OH each transaction viii be to ack noH
I ledge that they 10 not actually sell the
stock, bat merely accept bets on
| whether the price will go up OF down,
and to make their proprietors ameHable
to the laws against gambling; to paw the
| tax will bankrupt them. Ii will prob
ably also lessen the business done il
| the legitimate stock exchanges, because
! the tax will add To- the expense OF buy
| Ing and selling stock for speculation,
but there are thousands who viii regard
II 6 great blesslngtO the country if stock
speculation as business was entirely
broken zip. 1t is a business that pro-
duces nothing useful and adds nothing
to the real wealth of the country, while
1t annually demora.izes and drivea to
the dogs thousands ofbusineas men who
might continue to be useful citizens II il
were not for stock Specializing.
There was an unusually large attend
ance at the meeting OF the House to-
! day. as all republican absentces had
been notified to be present because Of
the expectation that tine tariff bill would
he seat back IRON the Senate. Ali Of
the republican representatives. now in
Washington, Will remain in reach until
the tariff bid Is disposed Of.
took its usual adjournment until Thurs
day, and it is hoped that the Senate viii
have passed the tariff bill before that
day.
The last democratic Senator t. find
out that Senator Chandler IS always
loaded, was White, Of California Mr..
Chandler was making few remarks on
the reciprocity amendment 10 the tariff
bill, whlyn was reported from tile i'm
aEce committee ana adopted by the
Senate, when Mr.. White tried - he.
funny" by asking him if he bad been
commissioned by the finance committee
TO occupy the floor until the next
amendment was ready. Quick as a flash,
Mr.. Chandler responded. with an ex-
asperating smile: ooh ne. [ have been
asked merely TO occupy the floor 10 look
out for anything that the Senator from
California may say worthy of notice |
is nothing Of the kind has occurred. [ |
viii continue to contine my remarks 10 |
reciprocity" Sir. White dropped into |
his seat and sought consolation by put
ting extra yigor III the movement of a |
big palm leaf fan. while Senator Till
man. who had received his dose of
Chandler drops several days before,
made no attempt to conceal q broad
grin.
1t is learned from authoritative source
that President Mckinley may send a
SPECIAL message To CONGRESS- in = lew, !
days, strongly recommendingIe !
tor the appointment ola commission to /
investigate and report upon tie reform
needed in our resent currency system.
II this urssa- j. sent to C.rz-ra.. +,
vii not IT, with lie azacssa,..f, ,.Ist