Daily press. [volume] (Newport News, Va.) 1896-current, 1898-05-20
WORK Of CONGRESS-
Rapid Progress on the War
Sss.5 Revenue Measure.
Mr.. M'LAURlN'S SPEECH
The Senator from South Carolina vixor-
ously Dcnounces the Proposition to
Issue More Bonds to Pay the
Expenses of the War
{By Telegraph.)

sSsSsstf4- 10y 1eleSraph.)
s5ss$S 5N|ASHINGTON, May 19-Whlle sew
IF eral important paragraph in the war
revenue measure were passed over to.
day for future consideration, excellent
& progress was made by the Senate in the
consideration OF the bill. Two thirds
IN OF the measure has been read the
n committee amendments generally hay-
ing been agreed to.
Il Mr.. McLaurin iDemocraD, of South
= Carolina, opened the discussion Of the
8 OIL today with carefully prepared
speech touching all the features He
was ready, he said, to vote for any
Measure that would tend 20 brlns The
& war to successful conclusion Peo-
PIE In the island of Cuba are dying every
y hour Their condition is beyond the
n power of description. Every day now
means the loss Of hundreds perhaps
: thousands of lives in Cuba Mr. Nc
3Laurin declared. Liberty on the island
A IS at stake and the war has placed oui
own national prestige at stake. Con
s. corning the proposed issue of bonds he
y said that there was an influence al
work an this country more powerful
= than the President. more potent than
3 Congress. 1t was the silent, secret in
y fiuence of the money power which was
endeavoring to force an issue Of bonus,
once the Senate, the forum of the peo-
pie, yielded to this clamor, Mr. McLau-
s rim declared, and becomes entar gled in
+ the meshes of the money Octopus, the
+ people will suffer indeed.
There is an army in this COUNTRY
said he. just us anxious to raid the
United States treasury as our voluE-
teers are to raid the Island or Cuba
To the army refer to no volunteers
+ are needed. These jobbers and specu-
Fl lators form a greater menace to us than
< the war with Spain"
WY MT. McLaurin defended the bill as re-
ported by the majority of the finance
n committee and hoped with the
tax which he deenad ,nnaai
sary the bin would n..s a.
reported He strongly urund ~.
ADOPTION of the pronosit io, r. ;.,,,n
legal tender notes. ut is the dealers
in futures declared ny NIL ,,,.,,
the financial snecul,tors ,nd c"r,,,i,
Is rants. the tran.norrntion nn,,,r,,, Ky.
y the manufacturers of ,mn,,,,,it;,-,'
who make money ont of the var I1,,nn
these the financial hurdans or ~, ,
ought to fall. and not unon tho ,.an,iIia.
Of the men who 20 70 the front r., Col,
for their country" 49, 20 80
At the conclusion of Mr. nrc1.,ur,n.s
speech the clerk nrncaa,3a, viii ~
reading of the bill. When the nara
graph providing for stonnn toyae 49,,
all transfers Of sfocl,s 1vas const,a,.,
Mr. Bacon. of Georpi, sn,d tra on,,,
rnfttee Ind NOT carar,II2, oe,,a,os 80
ments to sell stock and that r. - shn,,,1
be established that '.apreamant 70 saii,,
al
transfer OF stock took njans 49,. 80
ments might he made ava tha 80.
Element erected between tho 49,
without an actual transrer ~ .,o ..E'
The paragraph was amended e. 90 ~ ~
clearly cover all aprecmants -, 80 &.
stock, whether the storlS ~ 30 sell
transferred or NOT .,',fs actually
Mr.. Daniel. oc-l-t
upon the .--.--vl Virginia, speaking
grat.' .bbacco schedule. expressed his
g cncatlon that the Senate commit
/. Tee had stricken out the House provis-
ION sun5ectlns stocks on hand to the ad
/ o,tional tax proposed. He objected Sc
Ilously 70 the retroactive feature of
tne Rouse bill as applied to the tobacco
schedule It had aroused a storm Of
protests IN every commercial center Of
the country. he declared the adoption
OF the retroactive feature would result
IN the ruin Of all small dealers and
leave the tobacco trade in the hands of
monopolles. The proposition to place a
stamp tax upon proprietary articles and
pertumer1es now In stock aroused a
lively discussion. 1t was regarded as
retroactive legislation, and as such. was
opposed by many Senators. The para
graph has not been disposed of finally.
AT 4:aa r. NJ. the Senate went into
executive session and at 1916 7. NJ. adj
1ourned
.s45 NtAoT1lN1loN, MAY 1S.-lne al