Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-05-26

revenue bureau of the aduItiv,li .s..,.l,.s,.
which will be derived from the lIMl sss ~
| in taxes In fermented liquors. cigare..es
| tobacco and snuff PROVIDED NY .o "o
| Gcstcd amendments.
| Ii the estimated revenue from WY .u u..
on tea and the additional in,es sna,, 81.
| enuc taxes should be omitteu .lo'i. =, a ...'
committees estimates OF receipas ., esa
would be an estimated deficie y ~ 81 nos 80
10000 instead of IA surplus oi -,
The committee believes II 70 pc tns I'M !.
| perative duty OF Congress 70 plos, s,', =
| the measure under consideration Ioi
| revenue which will certainly meet tie r.
| qu.rements of the government ior .n'
next fiscal year The adoption VI a ~
cnue bill which should fail In TINS purpo pos,
and which should create an huuleioi.a
deficiency In the immediate future, any
which would require a further issuc "
bonds to meet current expenditures
would certainly be fatal TO the hopes OF
| future success of any politicai party re-
| sponsible for such legislation. ,,,.,
In selecting the sources 1or aduilioiisi'
revenue the committee decided to in
crease temporarily the tax on articles o.
voluntary use rather than 10 assess au'
ditional duties, which might prove MOP
| erative, on articles of necessity 81 uPoi,
those which enter on the Manufactured
product The committee believes that the
duty proposed on tea will not prove a
serious burden upon the consumers Vi
that article.
Aldrich closed at $40 p. NJ, having
spoken over an hour.
Pettigrew then presented the ahehd-
ment of which he has heretofore given
notice, that when articles are ihahufact-
tired by u trust. articles OF such charac-
ter imported from abroad shail De Tree OF
duty. He said he would ask ITS eonsider-
alton Immediately after the committee
amendments.
Vest. Democrat, a member OF the
finance committee, was recognized. we
| know" he said. "the desperate condition
of the country, the ruined homes, the
blasted hearts. If prosperity can come
from any source. even from our adVer-
saries. we will bless the moment. | do
not believe the imposition of higher tariif
duties will dispel the clouds hanging
above u.s. bringing back the sunshine ana
illuminating the whole country
1t had been said, Vest proceeded, thar
adversely came with the advent OF the
Democratic party. Vest said he would
summon as a witness no less an author
ity than Mr.. VIM. Mckinley. The sena-
tor read from a report made by Mr.. NC
Kinley, April l. 1880, setting forth the
distress which the farmers of the country
were suffering. How was IL expected,
the senator asked that By increasing IN.
burden OF tariff taxes, the farmers Woula
be helped to buy more goods2 All agree
that there must be sufficient revenue 80
meet the requirements OF the government
tanned and her flag honored- But every
dollar collected by the government be-
yond its needs. said Vest. Is Grim
Why was It, he asked. that The Repoo-
lican party was about TO abandon lis
record and urge a tariff not for profcc-
ton but for the amount of revenue -
will produce? Why does It abandon It's
record and propose a tax on tea? Enc
senator said there was at TINS time ~
available balance In the treasury OF SZzs' =
x-a %. - IL Il ~.
500 100000, the available balance WAS
Si29 $50 $50. This vast amount OF idle
money was now accumulated IN INC
treasury. And yet, the Senate was told
that 1t must impose on our suffering peo-
ple additional taxes. When President
Harrison turned over the government to
President Cleveland, the treasury balanc,
stood at S24 l2S, 0ST Today. there was
sl05, coo 900 more than when Mr.. HARRISON
turned over government affairs 10 MT
Cleveland. How could this obvious fdci
be avoided?
Vest said # was most unfortunate thai
the Republican side had offered no esti'
mates OF revenue until TO-DAY. inquiry
had been made of Stattstician Ford as te
The promised comparative statement an
he had said THAI Il was turned over I
the senator from Rhode island tAldrich)
Vest asked what the estimate OF Ford
was on the bill
Aidrich replied that the statisticiar
stated that in his opinion neither tht
House nor the Senate bill would furnish
sufficient revenue TO meet the expenses o.
the government.
Chandler interrupted with an inquiry
rs to where the vast accumulation IN fh'
from. Does the senator mean that th'
treasury to which Vest had alluded cam,
Wilson bill. put II there and If not how di,
| ii get there?" asked Chandler.
We all know answered Vest. that 4
came from the sale of bonds which dig
rot approve. but IL makes no dtferencs
where it came from. There IL Is in tn
treasury and what right have you 10 in
crease the taxes on the people whei
enough Is In the treasury already?
The senator declared that the urEtif
need was not for greater taxes but 4
more money and better prices. The ~
| in prices must be stayed before there
could he any prosperity. He mentioned
one source of evil that our workers Were
paid on a gold basis and came into com
petition with those paid on a silver baS5
The senator from Nevada Stewart
posed Gallinger of New Hampshire. IL
has based ii usually on Japans use o
silver and now Japan has repudiated sill
YER.
you mean Japan was bought out,
| Stewart put in.
Vest then turned TO several schedule
and discussed them in detail. First h,
took up the sugar schedule. The who :
hing turned on one point, said Vest. an'
| on one but the expert inside the suSai
refinery was able TO tell this. II was
| to now mncn G1W sugar Wpuiu Hl'thF ~
pounds of refined sugar and what amour
| of waste will there be-
How is 1t possible to defend the in
crease of duty on lead" asked Yes.
| when the lead trust is making enormou'
profits and is declaring II per cent dtv
! bends on its stock. common and pid.
| Why double the rate ON lead. Il produ I,
going into every poor home in order e
| feed the cormor;lft taste Of these mono
| polists?'
on enrthern ware and crockery, tht
senator said the increased duties Were ap
paliing The trainers OF the bill had un
| 1ertaken to make the duties absolutely
| prohibtory. And this on the goods which
| 20 into every home. 1t was outrageou
| oppression the senator declared. As I
| hides Vest said he warned Republican
| senators that hides would go back on thu
| free list as "A result of thrifty New Eng
| land sentiment.
| In conclusion Vest said there was n
| disposition to delay the consideration O
| the bill. There would be no factious op
| position and no unnecessary objection.
| Canno. Sil-Rep., Utah, introduced al
| amendment for a bounty on agriculture
| exports. and spoke briefly. saying tn
| pending bill offered no protection to agri
| cultural staples. The tariff bill was thei
| laid side for the day.
| At SIS Z. NJ, the Senate went into exc
| clitive session and soon after adjourned
| TARIFF BILL AMENDMENTS.