The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-06-02
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PROGRESS MADE
BY THE SENATE
Toward the Final Disposition Of The War
Revenue Measure.
COMMITTEE AMENDMENTS
On Nearly Sixty Pages Of the Bill We're
Passed Upon.
THE MAIN QUESTIONS AT ISSUE
Between the Contending Parties Were Not
Reached, But viii Be Within the Next
Few Days-lnterest Conferred on
the German Amendment.

Washington, June Marked progress
| was made by the senate today towards the
final disposition of the war revenue meas
ure. The committee amendments on near
ly sixty pages of the bill were passed upon
and the senate nearly reached the prin-
cipal questions at issue between the con-
tending parties. These remaining questions
have already been discussed pretty thor
yet to be delivered will not arouse probably
more than desultory debate.
The interest of the session centered in the
action upon the amendment by Mr.. Cor
man, levying tax of one-quarter of per
cent. upon the gross receipts of all corpor-
atoms doing a business exceeding $3.50 ,0o0
a year. The amendment was rejected-27
to "a.
Mr.. Pettigrew offered the German amend
ment with the clause containing the $z5J,-
600 exemption stricken out, but it was de-
feated by vote of rs to 81.
Mr.. White of California then proposed
the German amendment so modified that
it levies a tax of one-quarter of l per cent.
upon all corporations engaged in the re-
filming of sugar or petroleum. The Califor-
mia senator explained that he desired to
see tax levied upon the American Sugar
Trust and the Standard Oil company. The
amendment prevailed by vote of 80 to rs.
1t was supported by twenty-five democrats,
four republicans, five populists and two
silver republicans, and opposed by twenty
four republicans and two democrats.
Speeches of the Day
Speeches were made today by Mr..
Chandler, Mr.. Hoar, of Massachusetts, and
Mr.. Bate, of Tennessee. Mr.. Chandler
devoted almost his entire time to dis
cussion of the financial question, advocat-
ing the issue of bonds and the coinage of
the silver seigniorage and opposing the is
sue of legal tender notes. Mr.. Hoar at
tackled some of the statements made by
Mr.. Chandler Mr.. Bate dealt with the
general provisions of a bill from a demo-
cratic standpoint.
Referring to the general features of the
Bill Mr.. Chandler declared that the soppon-
ents of the existing war should not be al
slowed to make it unpopular by the infiction
upon the people of enormous and ill-advsed
taxation. He urged that it was better to
await the developments of the war before
making extensive provision for it. He OPP
posed the issue of legal tender notes. In
his opinion, however, the proposed COIN
age of the silver seigniorage was an en-
tirey different thing. He saw advantages
that would accrue to the country from the
conversion of the seign.orage into money
and not the least danger. He also favor
ed an issue of ten years per cent. bonds
as the cheapest way of raising needed
funds for the prosecution of the war.
Mr.. Chandler then began discussion of
the financial situation in which he OPP
posed the gold standard and advocated BIZ
metallism.
In the course of a scussi5n of the ad :
ministration's effort to secure Internal onal
bimetalism, Mr. Chandler critic sed Sec
rotary Gage SHARPLY for iii position h had
as sum, d in attempting irreve cably to COM
nit the administration to the gold sta
dard and criticised. his hostility to silver
and international bimetallism. SIP aking of
the action of the Teller resolution, VIII CHI
affirmed the Stanley Matthews silver reso-
Tut on he said that Secretary Cage bad
many supporters In the republican party
Criticised Mckinley
He said at the head of those who voted
for the Matthews resolution in the house
was William Mckinley, now president, and
in the senate William b. Allison of Iowa.
He thought it rema kab'e what was t ue
and honest twenty years ago was true but
dishonest now. Mr. Chandler said the re-
publican party did not hesitate to reorg n
i've the supreme court in o der 10 as ert
the right of the United States to issue ir e.
deemable paper money. He reviewed the va
rious decisions of the supreme court on this
subject ard said that natioral honor was
not in danger by coinage of silver If 1t WIS
not endangered by the issue of paper
After agreeing to meet tomorrow at IL
o'clock the senate at 6:10 p M vert in o
executive session, and shor ly afterward
adjourned