Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1882-07-27
Internal Reyenue Tax.

During the discussion of the bill to
reduce the internal revenue MS proposed
by MIR, Kelley, the member from the
third congressional district took occa
sion to give the gentleman thought to
digest which gave rise to a spirited dis
cussion which is given below as report
cd in the Congressional Record
Mr.. HAZLETON said;
MIR. CHAIRMAN: The internal revenue
tax was imposed upon the country as
war necessity. Some of tho necessities
which demanded the imposition of that
tax still exist. They win exist until the
debt contracted To put down the rebel
lion has been paid oil and satisfied. We
are now confronted, Mr. Chairman, by
a proposition 20 reduce the internal rev.
enne taxation of the country by the sum
of S23, 1858, $50. The proposition is 10
reduce these taxes upon the luxuries of
this land. Because may differ with any
member in this House as 10 where to
cut down the taxes or where the work
shall begin, whether upon the Injuries
or necessities of our people is no reason
why ! should be criticised for entertain
ing views which may not harmonic
with those OF other gentlemen; for no
body ought 10 crticisc any other man on
this floor for his opinions ON this subject
or impugn his motives.
MIR. KELLEY Nine-tenihs Of the
people have asked for the repeal of the
match tax.
Mr., HAZLErON. There Is not
voice raised by the American people
anywhere asking for the passage Of this
bill,
Mr.. KELLEY. Our tables groan with
petitions asking the repeal Of these
| taxes.
MIR nAZLETON But Il comes from
| the bankers who hold The deposits Of
the people, IL comes from the banks
which have the capital. II comes from
the men interested in the whisky bust
ness in distilling. rcetifying. selling at
wholesale and retail.
IL comes square and straight, not
from below where the people are, but
| from above whore the capital is. and
you bring In bin which proposes in
one breath little pittancc 10 the peo-
pgc and 4 vast tax TO bc taken of the eapi-
tai. How much is the capital taxed
Less than one-haif million paid by all
the national banks OF this government.
Put the little item Of relief that YOU pro-
pose back again in your tax laws. Do
not insult the people by such pi,;ance.
Here Is nearly eight millions on deposits
aud YOU want To take that of aud retain
this pittance on capital
Who asked that 10 be taken of Is
it the pcoplee Is IL anybody else than
the bankers? The bankers OF the eoun-
try demand il; they Ask It AT your hand
and II you take IL oil this capital YOU
must put 1t ON The people somewhere
else, for revenues must be- raised from
some source Why. am told by men
who know. who are engaged Ia banking
~ was told the other daY BY nf VAN
AIRSAA. ~ New York, an honorable
member II this body and an officer Of a
national bank. that the removal of this
tax upon bank deposits is in the interest
of the banks and not the depositors or
the people and that the removal Of this
tax will not reduce tho rate Of interest
on loans or change the relation oi the de-
pusitors to the bank nm willing To
vote 10 remove the stamp tax on checks,
drafts, orders and vouchers bat do not
believe the time has yet come 10 strike
down the tax on capital and depos-
its. II will not lessen your interest.
Your interest is fixed by law. Take oil
your deposit tax and your interest re-
mains rs II is to-day
So il is all through this bill Blood
less and cold rs n stone Il reaches moth
ing that we want ii 20 reach Let your
report and then we will consider that
in connection with this and adjust the
two systems properly. That sleeps and
know not how long il win sleep. But
let US await its coming and let us know
what relief there is TO be on the great ne
ccssities Of the people proposed by that
commission. That is what we want
Until then let the luxuries bear the
burden existing under the law Of the
i;rTid as it now Is. remember the gen
tleman from Pennsylvania Mr. KEEL
LEY standing up here some sessions
ago on this floor in conjunction with
Mr. Weaver, of Iowa. and taking the
ground that we must pay off the public
debt at once. have the resolution be-
fore me.
Mir KELLEY You had not then is
sued your thirty-year bond.
Mr.. HAZLETON. When You have a
national debt that allows Jay Gould or
Vanderbilt to lock up Sl50,000.000 of
your bonds from business enterprises
you cannot have hea.thful prosperity.
Here the hammer fell.
Mr. HAZLETON. The gentleman
from Pennsylvania was right then in
his first position TO pay the debt and he
is wrong now in his present attitude.
Mr.. KELLEY. We can remit the
match tax and yet pay the debt.
Mr.. HAZLErON. When will YOU pay
it? Four hundred million dollars of
your debt can be paid off now if you
want to do SO.
The Chairman raped to order while
Mr.. Hazleton continued to speak after
the fall Of the hammer.
Mr.. HAMMOND, Of Georgia, was
recognized and said / yield three
minutes to the gentleman from Wiscon-
sin.
And damned he him that first cries. Hold,
enough"
Laughter
MIR. HAZLETON. | will not take
from the gentleman from Georgia his
time. | have said about all / wanted
to say, and | may as well end by saying
that the gentleman from Pennsylvania
turns his back on the Weaver resolu-
tons for which he voted and favors the
proposition that Jay Gould and Van
dcrbilt may hold a bonded debt which
seriously impairs the enterprise and
prosperity of the American people, and
which the continuation of our present
system of internal revenue taxation upon
the Injuries of the land would soon pay
off and remove forever.