The comet. (Johnson City, Tenn.) 1884-1916, 1893-05-25
CLEYELAND'S POLICY.
HE WILL CLEARLY OUTLINE 1T IN
HIS MESSAGE TO CONGRESS-.
A. Repeal of the Sherman Act and a
Modification Of the Tariff.

Washington, D. G., May, 90 -Presi-
dent Cleveland has decided OF four
points in his message to Congress
which indicate the policy Of his ad.
ministration. They are First, an in
come tax second, repeal OF the 10 per
cent tax on State banks third, Tho
repeal Of the Sherman act; fourth.
the modification OF the tariff act.
This policy was indicated few davs
ago in the dispatches in an interview
with Hon. Benton McMillin. the prob
able leader of the next House. 1t can
now be stated definitely that Mr..
McMillin spoke ex cathedra. 1t 10
true the Tennessee Congressman ex-
pressed his own preference, as between
and income aud an inheritance tax,
for the latter method of raising reve-
nue.. In this matter, however, Mr..
CleFeland simply did not agree with
him, and an incom e tax will be recon-
mended in the message to Congress
Mr. Cleveland and Mr.. Carlisle have
devoted much time to the study Of
means to raise revenue. The present
uncertainty OF what will be the pre-
visions Of the new tariff bill when it
becomes q law has the natural tendcn-
cy to decrease importatiens. No inn
porter will bring in goods at the pres
ent rate OF duties when there is
probability that ere long there will be
a material decrease in same. Conse-
quently the revenues OF the Govern
ment are constantly decreasing, nor
will they increase sufficiently when
importations are resumed under the
new rates of duty TO meet the. expen-
.ses Of the Government. IL Vas inev-
liable that Mr.. Cleveland ard his Sec
retary of the Treasury should look
about for new sources Of revenue.
Conferences have been held with
the party leaders, but the only result
of these conferences appears was to
develop the differences in opinion
among the leaders. Some favored an
income, but others as bitterly opposed
it, Eestern and many Southern dem
Gratis, particularly those from the su-
gar-producing States, favored tax on
sugar. The Western democrats OPP
posed the sugar tax, as well as tax
on tea, or coffee, or any breakfast ta-
ble' tax. Nearly all favored an in
crease 0 the tax on whisky South
ern and Western democrats favored
an income tax, but the Eastern demo-
Gratis opposed it. But both Mr.. Cleve-
land and Mr.. Carlisle favor the income
tax.
In the leisure hours that he has won
by his rule declining TO see Office seek
ers, Mr. Cleveland has studied with
absorbing interest the great debate in
the English Parliament Of 1912, on
the income tax proposed by Sir Rob
ert Peel Mr.. Cleveland. after read
ing the English minister's speech ia-
voring the tax, and the replies to it,
was impressed that Sir Roberts argu-
ment was never successfully contro-
verted, and he has become entirely
won over to the practicability Of the
income tax as sale and acceptable
method Of raising revenue. Mr.. Car
Isle entirely agrees with Mr.. Cleve.
land.
Only the general recommendations
of the establishment OF an income tax
will be made by the President. De-
tails will be left to Congress. Wheth.
er there shall be Q tax on incomes OF
$4,000 aud over, or whether the tax
shall begin only at $4,000 are details
which Mr. Cleveland has not consid-
cred. In his message Mr. Cleveland
will advocate the necessity end The
practicability Of the tax, leaving all
Tho resi- to Congress.
His recommendation ot the repeal
of tho ten per cent tax on State banks
viii be made for essentially The same
reason that brought the repeal plank
into the 3licago platform, as a sop ID
tho Southern members, in ordar &c
bring them to conciliatnry frame Il
mimi in regard to irse siver Afr
Cloyeland rscngulzoa ihat tho ropea
e oi tbs SbFUmO act can only ps
4 brought ar CONCESSIONS and the re
! peal d the slate bank tx Is cue Of ihc
1 ooncessiors he Tiers 70 HE soaihaf.
ars