The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1897-07-06
STAMP TAX ON STOCKS
Important Amendment Added to
the Tariff Bill.
TO DISCUSS TIE SUGAR BOUNTY.

Republican senators Decide to Again
Bring the Matter Up in Caucus
Democrats Declare They WIN OPP
pose the Proposition.
Washington, July 6.-Senator ALI
son. in charge of the tariff bill, an
nounced shortly before the adjourn
ment Of the senate last night that as
no agreement had been reached for O
final vote on the tariff bill, he would
ask the senate to remain in session to-
night at least until the bill was report
ed from the committee Of the whole tC
the senate This promises a test OF
endurance unless the opposition to the
bill gives way. Mr. Allison's state
ment was made after a futile effort tc
have a time fixed for the vote.
In some respects the senate made
good progress yesterday, disposing OF
two important amendments, that plac-
ing a stamp tax being agreed to with
little or no opposition, and without the
formality of a vote, while the Spoonet
amendment proposing a tariff invSsti-
tion was withdrawn after a protracted
struggle. The stamp amendment, as
agreed to- fixes the following rate on
bonds, etc. Bonds, debentures or GER
tifcates of Indebtedness issued after
Sept IS, 1897, by any association. com
pany or corporation on each $1O0 OF
face value or fraction thereof, cents
and on each original Issue, whether or
organization or reorganization, Of Ger.
tifcates of stock by any association
company or corporation, on each S10C
of face value or fraction thereof,
cents; and on all transfers of shares
or certificates of stock in any associa
ton, company or corporation, on eacf
500 of face value or fraction thereof
2 cents
Exemptions from the stamp tax arr
made in the case of the state, county
and municipal bonds and the stoclu
and bonds of cooperative building as
sociations.
Late in the day several new amend
ments from individual senators were
voted on. One by Mr. Mantle of Mon
tana reducing the internal revenu,
tax on distilled spirits to 70 cents PEI
gallon, was defeated by 25 to Al. Al
amendment by Mr.. Mills, of Texas
proposing a tax of per cent. on manu-
factured products, the proceeds to e
toward reducing the bonded debt, wal
rejected, 10 TO 3S. Also an amendmen
by Mr.. Mills, granting 20 per cent. re
duction in duties to those countries ad
mitting gold and silver to their mint
at the rate of 16 to 1-yeas 26, nays 81
On this vote one Republican Mr. Car
ter, voted with the Democrats, Popu
lists and Silver Republicans in the
| affirmative, and two Democrats CAT
ferry and Gray, voted with the Repub.
licans in the negative
Yesterday a caucus of Republican
senators was called for today TO con
slider the advisability of reintroducinl
the beet sugar bounty amendment
Senators who urged the caucus baseC
their arguments upon the ground tina
the last Republican senatorial caucus
had decided in favor of such a bounty
This brought out the fact that Their
had been comparatively few senator
at the caucus when the vote was taken
and that some of the absentees woul,
not agree to be bound by its decision
The Democratic leaders still announce
! themselves as unalterably opposed t,
the bounty provision, and say they viii
| debate it for an indefinite length o
! time in order to prevent it's incorpora
! tion in the bill.
The tariff commission scheme ha
| been left out Of the tariff bill.