The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-20

Washington, May 19.-At the conclu-
sion OF the morning business consider
alton of the war revenue bill was re-
sumed Mr. McLaurin of South Caro-
lima delivered set speech Speaking
Of the bringing of the war in which We
are now engaged. he said Spain had
supposed that commercial greed had
stified patriotism. To her sorrow she
had learned at Manila that this was
not the fact She had realized that
Dewey was a worthy successor to De
catur and Perry.
He was prepared, he said. to vote for
any measure that would tend TO bring
the war to a successful conclusion.
People on the island of Cuba are dying
every hour Their condition is beyond
the power of description. Every day
now means the loss of hundreds, per-
haps thousands Of lives in Cuba, Mr..
Mcf.aurin declared. Liberty on the is
land is at stake, and the war had
placed our own nationa! prestige al
stake.
Concerning the proposed issue of
bonds. he said that there was an infiu
ence al work in this country. more
powerful than the president more pc
tent than congress. 1t was the silent,
secret influence of the money power,
which was endeavoring TO force an is
sue of bonds. Once the senate, the 70
rum of the people, yields to this ciaElor,
Mr.. McLaurin declared, and becomes
entangled in the meshes of the money
octupus, the people will suffer indeed.
There is an army in this country"
said he. Just as anxious to raid the
United States treasury as our yolun-
teers are 10 raid the island of Cuba.
To the army 1 refer TO no volunteers
are needed. There jobbers and zpecu-
lators form q greater menace to US
than the war with Spain"
Mr.. McLaurin defended the bill as re-
ported by the majority of the finance
committee and hoped that with the
possible exception of the stamp tax.
which he deemed unnecessary, the bill
would pass as reported.
At the conclusion of Mr.. McLaurin's
speech the clerk proceeded with the
rea ding of the bill.
STOCK TRANSFERS.
When the paragraph providing for a !
stamp tax upon all transfers Of stock {
was considered, Mr.. Bacon of Georgia /
said the committee had not carefully 4
covered agreements 10 sell stock. and .
agreement to sell should not bear
stamps unless an actual transfer of !
stock took place. agreements might be T.
made and then a settlement effected .
between the parties without an actual /
transfer of stock. The paragraph was
amended so as to clearly cover all 7
agreements TO sell stock, whether the
stock was actually transferred or not
= number of proposed amendments
TO the stamp tax provisions were re
iected.
TELLER PREDICTS MORE WARS.
Mr. Teller said the committee was
divided as to the sum that should be
raised rs revenue under the bill He
lid not believe the bill would produce
as much as Mr.. Allison had estimated.
but as for himself, he wanted a $780,
)00. 900 tax Continuing he said he
thought the bill should not only pro-
vide revenue for the present war but
also for the next. Mr.. Teller said that
he indications were that the war with
Spain would not long continue. but to
him the signs were equally strong that
within a few years we would be in
yolved in another war which might and
would be of far more serious
consequence than the contest with
the seven by nine country with which
We are now contending."
Mr.. Mallory of Florida believed that