The daily morning journal and courier., 1897-05-26
TARIFF NOW IN THE SENATE
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(Continued from First Page,)
 Mr Vest. democratic member of the finance committee was recognized, "We know" he said, "the desperate condition of the country, the ruined homes. the blasted hearts. If prosper ity can come from any source even from our adversaries we will bless the moment. I do not believe the imposi- tion of higher tariff duties will dis Del the clouds hanging above us, bring ing back the sunshine and Illuminating the whole country"
 It is said, he proceeded, that adver- sity came with the advent of the dem- ocratic party. We would summon as witness no less an authority that MT. William Mckinley. He read from re- port made by MT. Mckinley in 1890 set ting forth the distress which the farm CTS of the country were su9ering. How was 1t expected, the senator asked, that by increasing the burden of tariff taxes the farmers would be helped to buy more goods. All agreed that there must be sufficient revenue to meet the requirements of the government, that the government credit shall be sus-
 
 dollar collected by the government be- yond its needs, said MT. Vest, is a crime.
 Why is it, he asked, that the republi- can party was about to abandon its record and urge a tariff, not for pro- tection but for the amount of revenue it will produce? Why does 1t abandon its record and propose a tax on tea? The senator said that there was at this time an available balance in the treas- ury of $229, ,350,650. Deducting the gold reserve of S100 00O, 900, the available bal ance was $129, ,350,650.
 This vast amount of idle money was now accumulated in the treasury. And yet, the senate was told that it must impose on our suffering people addi- tional taxes. When President Harrison turned over the government to Presi- dent Cleveland the treasury balance stood at SPA, ,12S0S7. To-day there was $105, 100000 more than when MT. Harri- son turned over the government affairs to MT. Cleveland. How could this ob- vious fact be avoided?
 MT. Vest said it was most unfortu nate that the republican side had of fered no estimate of revenue until to- day. Inquiry had been made of Stat istician Ford as to the promised com- parative statement, and he had said that it was turned over to the senator from Rhode Island (Aldrich).
 MT. Vest asked what the estimate of MT. Ford was on the bill.
 MT. Aldrich replied that the statisti- elan stated that in his opinion neither the house nor the senate bill would furnish sufficient revenue to meet the expenses of the government.
 MT. Chandler interrupted with an in quiry as to where the vast accumula ton in the treasury, to which MT. Vest had alluded, came from.
 Does the senator men that the Will son bill put it there, and if not, how did it get there?" asked MT. Chandler
 We all know" answered Mr. Vest 'that it came from the sale of bonds which did not approve. but it makes no difference where it came from There it is in the treasury and what right have you to increase the taxes on the people when enough is in the treas- J1ry already?"
 The senator declared that the urgent need was not for greater taxes bat for more money at better prices. The fall in prices must be stayed before there could be any prosperity. He mention ed as one source of the evil that our workers were paid on a gold basis and came into competition with those paid on silver basis.
 'NThe senator from Nevada (StewarD usually makes that argument" inter- posed MT. Gallinger.
 hac I1yro To 'c use of silver, and now Japan has repu- diated silver"
 You mean Japan was bought out" MT. Stewart put in.
 MT. Vest then turned to several schedules and discussed them in detail First he took up the sugar schedule, The whole thing turned on one point, said Mir. Vest, and no one but the ex- pert inside the sugar refinery was able to tell this It was as to how much raw sugar would make 100 pounds of refined sugar and what amount of waste will there be-
 How is it possible to defend the in- crease of duty on lead asked MT. Vest, ''w1en the lead trust is making enor- nous profits and is declaring 12 per cent. dividends on it's stock, common and preferred. Why double the rate on lead, a product going into every poor home in order to feed the cormorant taste of these monopolists?" On earthenware and crockery, the senator said the increased duties were appall- ing. The framers of the bill had un- dertaken to make the duties absolutely prohibitory. And this on the goods which go into every home. It was op- pression.
 As to hides, MT. Vest warned the re- publican senators that hides would go back on the free list, as result of thrifty New England sentiment.
 Tn conclusion MT Vest said there was no disposition to delay the considera- ton of the bill. There would be no un- necessary objection.
 MT. Cannon introduced an amend ment for bounty on agricultural fm- ports and spoke briefly.
 At 5.10 p. m. the senate went into ex- ecutive session and soon afterwards ad- journed.