The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-07-10
WAsHINGToN, July 9, 1897.

Regular Correspondence of the WING.
WASHINGToN, July 9, 1897.
/ ',nimhly no amendment added to the
t"ltT bli Ivy the Senate will give more
general satisfaction than that which imposes
a tax on every certificate of stock and bond
other than those issued by the Govern
ment, National, State or Municipal In
addition to raising revenue to Il large
il noun, from clasS VINO will not iiud it a
burden. This amendment, ii it remains in
tile bill until 1t becomes law, IA 1t prob
ably WILL will drive the places known as
'oucket shops" out OF business, because to
fail to pay the tax on each transaction viii
be to acknowledge that they do not actually
sell the stock, but merely accept bets on
whether the price will 90 up or down, and
t" make their proprietors amenable to the
laws against gambling; to pay the tax will
| bankrupt them. 1t will also lessen the
business done in the legitimate stock ex.
changes, because the tax will add to the
expense of buying and selling stock for
speculation, but there are thousands who
will regard it great blessing to the coun-
try # stock speculation as business was
entirely broken up 1t is a business tina,
piu,iuces nothing useful and adds nothing
L. the real wealth OF the country, while it
annually demoialzes and drives to the
| dos thousands OF business men who might
continue To be useful citizens if il were not
for stock specializing.
There was an unusually large attendance
at the meeting of the House today, rs all
! Republican absenteeS had been notified to
he present. because OF the expectation that
the tariff bill would he sent back from the
Senate. All of the Republican repre-, cnta-
tivrs now in Washington will remain in
reach until the tariff bill is disposed of.
The House took its usual adjournment
until Thursday, and it is hoped that the
Senate will have passed the tariff bill
before that day.
The last Democratic Senator to find out
that Senator Chandler is always loaded
was White of California. Mr.. Chandler
was making few remarks on the reciD-
rocity amendment to the tariff bill, which
was reported from the Finance Committee
and adopted by the Senate, when Mr..
White tried to he ''funnv' by asking him
if he had been commissioned by the Finance
Committee to occupy the IiDor until the
| icNt amendment vas ready. Quick as a
cNaSprrating smile: "Oh, no, have bera
asked merely TO occupy the floor to look
out for anythn" that the senator from
California may say worthy of notice As
nothing Of the kind has occurred, | will
col tinuc to conine my remarks to rrcip-
rocity.' Mr.. Waite dropped into his seat
and sought cons0lation by putting extra
vgur in the movement ot a biz palm leaf
fan, while Senator Tilmnn, who had re-
ccived his dose of Chandler drops several
days before, made no attempt to conceal d
broad gra.
1t is learned from authoritative sources
that President Mckinley may send a
special message to Congress in a few days
strongly recommending legislation for the
appointment of a committee 20 investigate
and report upon the reform needed in our
present currency system If this message
is sent to Congress it will not he with the
expectation that the matter will be acted
upon at the present session, but for the
purpose of getting it before the country for
discussion and suggestion 1t is pretti}y
thoroughly understood that no other lelis-
lauon will be taken up by Congress after
the tariff bill is disposed Of
Mr.. \. b. Scott, the West Virginia MEM
Der of the Republican National Committee
says that he has information that the big
strike in the coal mines is part of a Demo-
cratic scheme to carry Ohio. He says the
idea of the Democratic instigators of the
strike is that it will cut off the supply of
coal and result at least in partial paralysis
of the big manufacturing industries of
Ohio. Then they will charge the Republi-
can party with the responsibility for that
-coudition of affairs and will make an
attempt to hold up Senator Hanna as an
oppressor of labor. Mr. Scott added that
he did not believe the scheme would sue
coed, and that the strikes would do the
Republicans of Ohio little if any harm.