The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-25
A BILL FOR THE TRUSTS
NORTH CAROLINA HAD NO VOTE
AGAINST THE BILL.
COTTON BAGGlNG AND TIES TAXED
The Barbed Wire Trust Provided For-- Morgan
Charged That the Tax Was Taken Off of
Stocks and Bonds by Command of
the Sugar Trust.

ulC tiuot'
Washington, ID. c., July 24.-The tar
iff bill passed its last legislative stage at
3 p. m. today when the Senate, by a
vote of 40 to 80, agreed to the con-
ference report on the bill. The an
nouncemnt of the result was greeted
with enthusiastic applause by the
crowded chamber This closed the great
labor for which the Fifty-ffth Congress
assembled in extraordinary session and
after stubborn resistance, at times,
threatening a dead lock, the Senate con-
Cured with the House in resolution for
the final adjournment of the session at
0 O'Clock tonight. The Presidents mes
sage for a currency commission was re-
ceived by the House, but the House bill
creating the commission was not acted
upon. Thus the closing day was prolific
of series of momentous events, each
of which, alone would have been Of ex-
traordinary interest.
An analysis of the vote shows that
the affirmative vote was cast by 81 Re
publicans, one Democrat (McEnery), one
Silver Republican Zones, New and one
Populist (Stewart).
The negative vote was cast by 2S
Democrats and two Populists. Allen and
Butler, were present and did not vote.
One Populist, Kyle, and one Silver Re
publican CPettigrew) were absent with
out pairs, which was equivalent to with
holding their votes.
Although the result was foregone
conclusion yet this did not abate the
eager interest attaching to the close of
great contest. Early in the day, the
debate was listless, though enlivened at
times with criticism by Mr.. Allen and
by a speech from Mr.. Burrows of the
Finance committee. Messrs. Caffery,
Morgan and Stewart occupied the time
UP to 3 o'clock. when the vote was
promptly taken. Then came long par
liamentary battle over final adjournment.
The opposition endeavored to score
point by compelling a vote on laying the
Presidents message before the Senate
and succeeding this attacked the ma
jority for refusing to act on the Presi-
dents recommendation. The main de-
sire of those opposing adjournment was
to secure vote on the Harris resolution
calling on the President to stop the sale
of the government interests in the
Union Pacific railroad. For four hours
an acrimonious parliamentary contest
was waged. Gradually the tactics of the
opposition were overcome and shortly
| before Z o'clock Mr.. Morgan withdrew
| further opposition and the resolution for
final adjournment was passed Compll-
mentary resolutions to Vice President
! Hobart were adopted, and at o'clock
| the final scene was enacted by the formal
adjournment of the session.
The close of the long, exciting struggle
was near at hand when the Senate met at
| 10 o'clock this morning, under the unanl-
| nous agreemnt of last night that the
| final vote be taken at 3 p. m. to-day.
| Only eleven Senators were on hand when
| the session opened and several OF these
busted themselves with clearing out their
desks and preparing for departure.
| Immediately on being called to order
| a short executive session was held. The
| doors were opened at 1920 a. m. and
Mr.. Allen (Nebraska) resumed his speech
| in opposition to the tariff conference re-
port. Mr.. Allen criticised the effects
of the bill on the farmers. He instanced
|
on which they were placed by the bill
at the cold hearted mercy of the barbed
wire trust.
On the other hand he declared the
money sharks of Wall street" had al
ready iuggled $50, 100000 on the mere
knowledge that he sugar schedule would
| be adopted.
Mr.. Caffery louisiana followed in
| criticism of the sugar schedule. He
stated that ships from all parts of the
world were hurrying in with cargoes Of
raw sugar, to avoid the duties of the
bill. Already eight months supply had
been brought in. thus cutting off govern
ment revenue to that extent and giving
enormous profits to the trust.
| Mr.. Burrows (Michigan). a member Of
the Finance committee. then took the
floor for one of the few speeches from
the Republican side of the chamber.
speaking at length in defense of the lum-
| Der schedule.
Mr. Morgan (Dem., Alabama) then
spoke in condemnation of the abandon
ing of the stock and bond stamp tax. lie
said it's alleged unconstitutionality was
a fiction that had been controverted by
score of previous laws.
| Mr.. Morgan stated that the abandon
ment of the stamp tax on bonds and
stocqs was in the interests of the New
York trust. Immediately that confer
ence report became known sugar stock
went up with a bound until it was said
I $50, 100000 had been made. The mean
| ing of this, he said, was that the specu-
lators felt secure that their stock trans
fers were to continue without tribute.
"And / charge" exclaimed Mr.. Nor
gan vehemently, "that the abandonment
occurred under the command Of the
sugar trust"
At 2:40 p. m. Mr.. Stewart (Nevada)
took the floor. He said the tariff could
not alleviate the distress of the country
and he urged that the mean injustice Of
tariff legislation was the inequalities of
the benefits and burdens it carried
| Tho time for the nal vote was now