The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-02
WAR BILL VOIE No. /
Taken in the Senate on the
German Amendment.
FIXED TO CATCH TRUSTS
1t Then PaSSes--Free Silver
Speeches Again,
FIXED TO CATCH TRUSTS

Washington, June l-Marked progress
was made by the senate today towards
the final disposition of the war revenue
measure, The committee amendments on
nearly sixty pages Of the bill were passed
upon and the senate nearly reached the
principal questions at issue between the
oentending partieA These remaining
questions had already been discussed pref
~ thoroughly and, aside from few set
speeches yet to be delivered, will NOT
arouse probably more than desultory de-
bate. The interest of the session conferred
in the action taken on the amendment Of
ar. German Dem, Md. levying a tax
o. one-quarter of one per cent on the
gress receipts o fall corporations doing
q business exceeding $780, 900 q year. BY a
direct vote upon it the amendment was
rejected. 25 to a. Mr.. Pettigrew (Pop.,
s. d. offered the German amendment
with the clause containing the $3.50, 600 ex-
emption stricken out, but 1t was defeated
p 10 81. Mr.. White Dem, CALI then pro-
posed the German amendment, so mod
flied that It levies a tax of one quarter Of
one per cent upon all corporations en-
gagged in the refining Of sugar or petro-
leum. The California senator explained
that he desired to see a tax levied on
the American sugar trust and the Stand
ard Oh company. The amendment pre-
vailed by a vote Of 80 to 26. 1t was sup
ported by % Democrats, four Republicans, /
five Populists and two Silver Republicans, /
and opposed by a Republicans and 2
Democrats.
J. PRO-SILVER AMENDMENT.
When the war revenue bill was taken
up the absence Of quorum was sug-
gested and fifteen minutes were consumed .
in assembling the requisite number Of .
senator's
Mr.. Chandler IN. H, assuming he said /
that the majority Of the finance commit
tee would insist upon its proposition TO
coin the silver seignierage. and that the
Republican minority would press its bond
proposition, thought It proper to offer
some remarks upon an amendment he had
offered to the pending bill. The amend
ment follows.
And it is hereby declared TO be the pol
Icy Of the United tsates not to commit
the country more thoroughly to the gold
standard. but that he effors of the gov
lily objected to secure and maintain the use
of silver as well as gold as standard
money with the free coinage Of both I'M
der system Of bimetallsm which will in
sure the parity in value Of the coins OF
the two metals, furnish a sufficient vol
ume of metallic money and give immunity
20 the world Of trade from the violent
fluctuations in exchange"
TOO EARLY YET TO TELL.
Referring 10 the general features Of the
bill. Mr.. Chandler, declared that the op-
ponents Of the existing war should not be
allowed to make II unpopular by the in ;
Fiction upon the people Of onerous and
ili-advised taxation. He urged that It
was better to await the developments of
the war before making extensive provision 4
for 1t. A few months hence, he thought. ,
it would be far easier than It now is to !
determine what amount Of taxation should c
be levied.
CHAMPIONS SILVER. '
Mr.. Chandler announced his opposition Z
10 the issue Of legal tender notes In his c
opinion. however. the proposed coinage of +
the silver seigniorage was an entirely diff
ferent thing. He saw advantages that .
would accrue to the country from the con- o
version Of the seigniorage into money. Il
and not the least danger. He also favored
an issue Of ten-year per cent bonds as \
the cheapest way of raising needed funds Il
fer the prosecution Of the war. :
Mr. Chandler then began a discussion I
Of the financial situation, in which he op-
posed the gold standard and advocated n
p
In the course Of discussion Of the ad- il
effort to secure interna-
,ional bime,allllsm Mr.. Chandler criticized s
Gage sharply for the position he p
had assumed in attempting irrevoeably 10 +.
commit the administration to gold stand
ard and criticized his hostility to silver a
ana international t&-aetallism. Speaking p
# the action on the Teller resolution. iC
which re-afirmed the Stanley Matthews
silver resolution. he said that Secretary b
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