New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-08

and activity"
The Tariff bill taken up and MI Allison
proceeded TO perfect It's phraseology. The section
placing a tax on tea. which had been inadvertently
raised over was struck out. Mr.. Allison moved to
strike from the free list hide cuttings raw with
or without hair. and all other glue stock Ihis
caused some conflict. Mr. Jones. OF Arkansas. OPP
posing the change. Mr.. Allison withdrew the
amendment but Mr.. Mason vigorously protested
Against the withdrawal 1t was agreed to-so 10 H.
Mr. Stewart proposed amendment limiting the
Treasury reserve TO 800 10000. and providing that
when an excess Of 100000 was reached the Sec
Rotary OF the Treasury shall purchase and retire
United States bonds to the extent OF the excess
over 500 600 co. He said the pending bill was de-
signed 70 build up a large annual surplus probably
sSs 10000 yearly and some means should be pro-
vided for disposing OF this surplus by purchasing
bonds; otherwise the surplus would accumulate
ceusing public apprehension that It would be used
10 retire outstanding greenbacks. He declared hat
the accumulation Of vast surplus drawing no
interest, while bonds were outstanding drawing
interest was "the genius OF imbecilty'-he would
net say rascality.
VEST PREDICTS A DEFICIT.
Mr.. Vest expressed the belief that there would De
no surplus yielded by the bill In 1898 When the
protective rates we're increased imports decreased
and in decreasing imports revenue wa decreased
He estimated that there would be dehciency OF
from SIS 700 s200o00o0 under the Dill In 1898
The proposed tax on tea. expected 10 yield $a"VoW
and that beer. expected to yield sl2Wo"o nad
been abandoned. while the new features inciudihs
the stamp tax. 81 10000 and the repeal OF the
commission on beer stamps. Soo.00 and all other
changes would add 900. He also compared the
average ad vaorems OF tariff bills saying the aver
age tax OF the Mckinley bill. the Ultima Thule OF
tariff legislation up to that time. was ~ per cent
the Wilson rate g per cent: the Dingey bill rate
81 per cent. Mr. Vest said the average or the
Senate bill when completed would be largely above
80 per cent-certainly "a per cent and probably %
per cent. He turned his attention TO the dement's
conferred by the bill trusts and submitted d
table o. 100 trusts with the tariff duties calculated
TO benefit each
Mr. Morgan opposed tho Stewart amendment on
the ground that 1t gave indirect recognition to the
maintenance of the gold reserve now In the treas
ury There not the shadow OF law Tor H. MT.
Morgan said and he denounced the defiance and
usurpation" by which this reserve was maintained
He estimated that the sequestration OF this sl"'-
900 900 gold reserve had cost the country $Sl5.WoOW
in the last eighteen years. His estimate was based
on the loss OF interest the idle money the loss
ia not using the reserve Itself, and the issue OF
bonds TO maintain the reserve. 1t constituted
blot on the administrative conduct OF the Govern
ment.
While Mr. Morgan spoke o'clock was reached
and the Vce-President announced that the five
minute rule OF debate would prevail in accordance
with the agreement BY this time the galleries
had filled and there a promise OF large crowds
on the floor and In the galleries "heh inc iii"i
vote reached. -
Mr. Stewart modified his amendment. emitting
reference to the reserve in the Treasury
Mr. Lindsay remarked that there was $685.
90 900 In the Treasury. the effect OF the amehoiheh'
would be TO compel the Secretary Immediately 10
purcha.e and retire sl39, 100000 OF bonds
Mr. Jones' Of Arkansas expressed cordial ana
hearty support Of the amendment
THE STEWART AMENDMENT TABLED.
Messrs Chiffon Bacon. Allen and Cannon sup
ported the amendment and Messrs. Chandler,
Caffery and Gray opposed 1t. Mr. Allison moved 10
lay the amendment on the table Just before the
vote was announced Mr. Jones. of Nevada, who
had voted with the Republicans In the affirmative
changed his vote TO the negative Mr.. Alson's mo-
ton carried-SS to 80.
Mr. Aldrich appeared the floor while this
vote was being taken. He had not been in the
and Lindsay voted with the Republicans, and
Mssss Msne T5 A1n r,srew
Mr.. Pettus moved an amendment to make the
alison s1 accepted pied this amendment saying that he
did In order TO throw the question of when the
Mr. Morgan then offered the smendmtn Of which
he gave notice yesterday. making combinations
thereof criminal. and punishable by fine and i'm
p. Mr. Csfrery moved TO strike out the counter
nnns eny Mr. on ca read
effect that Secretary Gage had proposed an inter
Ia
Mr. r Plat, Of Connecticut. called attention to the
stricken out of the paragraph alluded 70 o.,o.,
Then my remarks are Intended for the M section ng
in which that duty appears. remarked MT Cai,
fiery. smiling IN withdraw the amendment and
Mr.. Lindsay moved to place tax on wood alec
hol equal to half me present tax OH gram ked Mr.
understand is in some Part, Of the coqn,ry
terJ
the Democratic party has in it, observed MT
Mason. ,oosure ., rsvs.
nue. Or you to o wh h asked Mr.
Purely as matter of ven rep Tfnst MO To-
Contribute part Of lts gain, TO bridge over the
deficit LEI US tax wood Dontea out tina, wood
only used in processes of bns
den On o1 the factories in which used
Mr.. Lindsays motion was iost-Io 10 oi-Mr' ME-
f Mr.. Alien again offered his bounty amend,
ment in another form-providing for "a premium OF
Sn Ganss ay ton GH sasar sev was 10
OF e expert and1 suff se Pfssen
law was +9?5 per cent the House bill 0So' ana the
Me. Chiffon moved to place hannelss blankets cts
and the cheaper grades of w00uen goods on the
FREE r s White created diversion at this point by
reading of the uterances OF thH
a aq On aw he %os OF them Criticisms the
in that b He nS Su%Sied Mr and
said he thought after this bin had become law
the tr,sts of the country ought to give tne chaII
man OF the National Republican Committee re-
Mr Allen moved an amendment provioing tnat a., a..
surplus funds in the Treasury should De usTu ro
the redemption OF the Understanding deo' LOST
&c 20 35 u, =. him nrovd,np
Tor the mposition Of tax OF 10 per cent on 'he
nroducts OF all trusts. was also lost-2o 10 ~ -
pWr Allen offered another amendment directing
.he Secretary of the Treasury TO send annua. re
ports tc Congress to the extent 10 when truss
IND combinations produce or control articles re.
ceiyinC the benefits OF the tariff. The amendment
Wr Crav offered an amendment recting that no
duty shall exceed 10 per cent ad valorem on any
article except spirits. wines ana o'her beverages
Lost. uo,o.,,o 20 tho
re-entry and rebond Of distilled spirits Lost
MR.. TELLER OPPOSED TO THE BILL
The rnonotony OF amendments and rollcalls was