arr 'vpvt -3tfwr , , , JULY 4 1913 The Commoner. 3 -THf(K! Democratic Caucus Proceedings Following are Associated Press dispatches: Washington, June 25. Free sugar in 1916 and free raw -wool now are established in the tariff revision bill, having been approved late today by the democratic caucus of the senate after a two days' fight. The sugar schedule, as re ported by the majority members of the finance committee and practically as it left the house, was approved by a vote of 40 to 6. Free raw wool as submitted by the majority and just as it passed the house swept the senate caucus by a vote of 41 to 6. This ratification of Presi dent "Wilson's tariff policy, he having insisted upon the wool and sugar propositions before the ways and means committee in the beginning, came after a long series of developments since the tariff bill passed the house, in which the president has been an active participant. When the fight of the anti-free sugar and anti-free wool democrats was getting hot, the president issued a public statement declaring that any suggestion of compromise on his wool and sugar schedule ideas absolutely was out of the ques tion, and later he stirred all administration leaders to action when he made his charge about the existence in Washington of an "in sidious lobby," investigation of which has brought results regarded as favorable to the tariff bill. The six democratic senators who voted against free sugar on the final vote approving the schedule were: Hitchcock ctf Nebraska, Newlands of Nevada, Ransdell and Thornton of Louisiana, Shafroth of Colorado and Walsh of Montana. The six who opposed free raw wool to the end were: Chamberlain of Oregon, New lands of Nevada, Ransdell and Thornton of Louisiana, Shafroth of Colorado and Walsh of Montana. . No attempt was made in the caucus today to bind the members to the action of the caucus. The question will come up when the entire bill has been passed upon. Some members will fight it, but administration leaders said tonight they believed only the two Louisiana -senators would ask to be released from the caucus pledge if one is submitted. The general opinion is that a binding resolution will be offered. Approval of the schedules came after pro longed discussion and after several amendments had been voted down. On some of the amend ments the opposition showed little strength, the maximum being ten votes for Senator Shafroth's amendment to the sugar schedule. This would have eliminated free sugar and substituted a duty of approximately one-half cent a pound on refined sugar. This amendment was lost by a vote of 37 to 10, Senators Thompson, Chamber lain, Hitchcock, Newlands, Shafroth, Lane, Ransdell, Thornton, Tillman and Walsh vot ing for it. When this had been lost Senator Thompson of Kansas offered an amendment to retain the Underwood rate for three years, reducing 50 per cent in 1916 and 25 per cent each suc ceeding year until it reached the free list. Senators Chamberlain, Fletcher, Hitchcock, Newlands, Shafroth, Tillman, Thompson and Walsh supported this amendment. The amend ment offered by Senator Thornton to eliminate the free sugar provision and maintain the Underwood rates indefinitely was supported only by Senators Ransdell and Thornton. Senator Walsh offered the amendment to tho wool schedule, proposing a duty of 15 per cent duty ad valorem on first class wools and that wools of the second and third class such as car pet and clothing would be free. This was de feated, 39 to 7, senators voting- for it being Chamberlain, Newlands, Shafroth, Thompson, Thornton and Walsh. Three senators were ab sent, Culberson, Owen and Lewis. Senators Ransdell, Thompson, Newlands, Thornton, Lane and Shafroth took up most of the time for the opposition, while the chief administration defenders were Senators James, Thomas and Pomerene. When sugar and wool had been disposed of, the caucus ratified the committee amendment placing hair of the Angora goat on the free list. Consideration of the agricultural schedule then was resumed and a dispute at once arose over the committee amendment putting a coun tervailing duty on wheat and flour. As the dis cussion developed the opposition grew and de cision of the question went over until tomorrow. Some democrats asserted following the adjourn ment that the countervailing duty would bo stricken off, leaving -wheat and flour on the an restrlcted free list on a parity with cattle aad meats. Senator Ransdell did not openly declare he would bolt the caucus, but made it plain he would fight the bill on the floor unless a change were made in sugar. Other senators thought it practically certain that neither Senators Ransdell nor Thornton would remain in tke caucus if a binding resolution were preeeated. Senator Thomas spoke at length in favor of free sugar and free wool. Senator Newlands, opposed to free sugar at this time, argued for a more gradual redact! in all tariffs. Two far-reaching amendments to the adminis trative provisions of the tariff bill aroused op position in the democratic senate caucus today. One was that prohibiting importation of aay goods, except immediate products of agriculture, forests and fisheries, wholly or in part manu factured by children under fourteen years old. That provision was declared by many senators to be the most drastic protective measure any manufacturer could ask for greater as a pro tection against foreign competition than high tariff rates. The amendment to grant to the United States court of appeals concurrent jurisdiction in cus toms cases, involving more than $100 with the customs court, also aroused attention. Some democrats thought the proposal an entering wedge toward elimination of the customs court. Washington, June 23. House democrats in caucus today agreed upon the abolition of the commerce court as. a party policy and, turning deaf ears to pleas from their leaders, rejected a plan for the creation of a budget commltteo to control appropriations. Representative Broussard of Louisiana, champion of the com merce court, precipitated caucus action on tho niooted question by offering a resolution to authorize hearings of the Sims bill to abolish the court. Speaker Clark denounced the tri bunal as useless and expensive, and Represen tative Adamson of Georgia, chairman of the interstate commerce committee, offered a reso lution, declaring it to be the sense of the caucus that the court be abolished at the present ses sion, due care being taken to protect and provide for jurisdiction over pending and future litiga tion. The resolution was adopted by viva voce vote. Democratic Leader Underwood led the fight for the budget plan and had the support of Speaker Clark, Representative Fitzgerald, chair man of the appropriations committee, and other powerful house leaders. Mr. Underwood de clared that appropriations were running beyond bounds under tho present system and urged re form through a committee on "estimates and expenditures" with control over all appropria tions and power to fix the maximum for each session of congress. This practically was the plan originally advocated by Representative Shirley of Kentucky. Opposition to the proposition developed Im mediately, led by Representative Hardwick of Georgia. Representative Tribble insisted that a budget committee centralizing control of ap propriations among committee chairmen and other ranking members would constitute tho most gigantic trust ever formed. Mr. Hard wick's resolution to lay the plan on the table was carried, 95 to 80. A CURRENCY PRIMER Representative Stanley Bowdlo of Ohio, has prepared for the United Press tho following currency primer: "Suppose I had a big coal mine located right on a big railroad. I might suppose that this was real wealth to me and great good to the city over there. But wait a minute this mine is nothing to me and nothing to that city unless I. can get at proper times and In proper number the necessary freight cars from tho railroad. A working mine plus cars, is wealth for every body. A working mine minus freight cars, is bankruptcy. Do you get It? "Now suppose the men managing that rail road conspire to create a car shortage at any mine, where am I? Why, I'm up against it. I'm ruined. And I'm ruined long before tho law can offer mo any redress. Many a mine owner has met ruin that way. "Now, then, money Is the car that gets our product to market. No matter what we havo had on our shelves, or in our factories we aro powerless wkkt dottars. Dollars enable us to reack . Ike market. Tkey ar tke c!1bb& wktek coa-revs r valves to amu A moaej shortage Is precisIy like a ear aaortage at ta xalae. "A few railroad men. jatt a little wklle ago, had power to do jst as tkey pleased. Bt tkey were exposed aad row the tat&rstate coert co-auaJmsfott Is tacomataad la ataay way. The railroad Dtek Tarptas save not the power tkat tkey ed to kave. "Tkls goveraaat. as regards carreacy. It coafroated rftk precisely tke aaate eoadUJoas. "Tke aaestioa is. tv skall we stop these saea wko kave power to stop tke flow of curreacy kere or tkere? Tke troekle Is aot with tke coal la tke ariae aor wltk tke goods ia tke factory. Tke trouble fas wltk tke aea who now control the oar 'dollars' to take tke goods to tke market. -Ia 1507 we kad a saoaey shortage In this coaatry. Men wko kad good money In banks got baek deposit certificate for latniedlato use Tke money bad apparently evaporated. Of course, some banks actually kad It. But tttose banks kad created a panic aad tke smaller banks were as mack up against it as were their depositors. This condition may be created again at any time. "Tkis administration claims that no man, or set of men, should have such power. Such power Is simply tke power fiaally lo enslave tkfcs race. 'The problem is to free men from the power to create a money shortage. A IUKD'S KYK VIEW Declaring that explanations of the currency have not been simple enough to acquaint the common people of the exact way in which IU provisions will affect him. Representative Bulkley of Ohio, veteran democrat of the house banking committee gave to the United Press a "bird's eye view" of the Wilson-Glass measure. He said he desired that the "maa In the overalls" as well as tho bankers and financiers bo advised what effect tho bill will have. Bulkley's "slmplIQed" exposition of tho bill follows: "The Wilson-Glass bill will free the cur rency and the crodlts of the country from tho domination of any business group; place tho reserves of our banks where they will do tho most good; prevent the piling up of the coun try banks resources In Wall street to support stock exchange operations; provide a safe and sound government currency adequate In volume to the needs of the country's business, and make It possible for the small business man to obtain through competition such credit accom modation as his business and character merit. "The problem Is not an easy one and financial sharps have been puzzled for years to sug gest the sort of reform that is needed In our banking and currency laws. The Aldrlch mone tary commission worked two years trying to solve tho problem and failed. But tho present bill meets with general favor and bids fair to be favorably reported from our commltteo after all details shall havo been thoroughly threshed over and passed within the next few weeks. "The Glass bill provides for elasticity of currency, mobilization of reserves and govern ment control of the nation's financial affairs. "What will be its effect? "First, there will bo fewer financial panics. No manipulation of the money market to create artificial stringency will bo possible, becauso Interest rates, volumo of currency and exten sions of credit will all bo controlled in tha interest of the public by a government board. There will be no ground for tho fear and dis trust which sometimes brings on panics, be cause every one will know that enough currency and enough credit will always bo available to meet all legitimate needs. "The working man will always get his pay In government currency as good as gold and will not be asked to accept clearing house checks or other substitutes, becauso employers will always be able to get tho currency which their business justifies. "Tho small business man will be ablo to bor row at a lower rate, and to secure more adequate accommodations because tho brnks will feel more free to Invest In tho commercial paper of their local communities, knowing that they cam immediately realize on this paper by re-dls-countlng whenever they need to do so." A BARGAIN OFFER A limited number of broken sets of Com moner Condensed will be closed out at a speelal low price for quick sale. Soo offer on page 16. 1 4. I V M i" 0 I 1 1 T I ff 1 J 4 4 i 11 ,5 J n : 1 9 1 i I -?"-: