The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-20

taxing the stock gamblers" of Wall
street. Not al ALL replied Mr.. Ding
ley. I'VE discovered that The sales on
wall street could not be followed. No
record Is kept. The machinery Of col
lection would be zoo complex
Mr.. Cooper Rep), Of Wisconsin.
wanted an explanation Of the net result
Of the change in the sugar schedule
Mr.. Dingley explained 1t along the lines
Of the statement submitted by the CON
terees. The differential to the reflner,
he said, was exactly the same as the
House hill. This started a volley of
questions about the sugar schedule. and
Alr. Dingley was surrounded by half q
hundred members, who listened atten-
HiVeiy 10 the answers and questions.
MI Johnson (Rep0. OF Indiana, want
ed to know if the increase in the rate
on refined sugar to the Senate OF 195
cents per pound would not increase the
profits on the anticipa tory importaiions
OF raw sugars. Nlr. DingIcy cXDained
the impoSsibility Of preventing these
profits In 1894, when raw sugar was
taken from the free list and made du-
table at 40 per cent. ad valoren, the
importers got the benefit as they did
now. Mr.. Dingiey, after a calculation.
affirmed that the retiner Of sugar under
the present Wilson law had a differen-
tial Of 221a cents per hundred pounds as
against 12As cents In the pending bill,
as agreed to by the conferees.
AS to the question OF revenue to be
raised by the bill, Mr.. Dmgley pointed
out the difficulty resulting fsom the
large anticipatory importations The
bill next year, he calculated, would
raise, $225,00o.0O0. s75.o00, 900 more than
the present law. Over $40,0000Oo had
been lost in this years revenues by the
other things, the duty on which was
raised in the bill. SO that he calculated
that the bill this year would raise
$lS50o0,Q00. Mr.. Djnglcy declared tha,
there was no doubt that the revenue
produced by the bill would not only be
ample 10 meet the expenditures OF II he
government. but allow n Republican
administration to begin again TO pay off
the Mincipal OF the public debt, which
mad been increased by the late admins
tration. In conclusion, Mr. D:ngley re-
ccivea round after round Of applause
from his Republican colleagues by pre-"
dieting rs n result Of the enactment Of
this bill a rise Of prices and restora-
ticn of prosperity.
AIr. Wheeler (Dem.) Of Alabama,
opened the debate for the Democrats
criticising the bill as the most vicious
and burdensOne ever imposed on the
American people.
Mr.. Swanson Dcm.), OF Virginia, a
member OF fHthe Ways and Means Com
mittee, to whom MIR. Wheeler yielded
portion of his time, devoted his atten-
ton to assailins the sugar schedule
agreed upon by the confcrces.
One Of the greatest demonstration of
the .debatc occurred when NJ. Lanham
Ocm), Of Texas. paid q, tribute to Will
liam j. Bryan. The Democrats chcercd
for several minutes, ana many Of The
spectators Joined in the demonstration.
The bin was further debated by MI.
Ball GJem.), of Texas; Mr.. Fleming
Dcm.), of Georgia; Mr.. Handy Oem.).
OF Delaware; Mr. Kelly Pop), OF North
Dakota; Mr.. Grosvenor CRcp), of Ohio.
s p. nj.
The evening session began at eight
O'Clock, and continued until quarter past
twelve. al which hour the vote WIS
taken and announced as above.