The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-17
WORK ON THE TARIFF BILL.
The Democratic Caucus Put OF Till
January.

The Revised Bill Not Laid Before the
Members Yet and Mr.. Holman
Thinks They Should Study it Before
Going Into a Caucus On 1.-TWO
Rates On Inheritances Suggested by
the Subcommittee.
Washington. Dec. Representative
Holman. the chairman Of the democratic
caucus committee, said to-day that the
caucus to consider the tariff bill would
probably be postponed until after the
holiday recess. The revised bill has not
been printed and laid before the mem bers
vet. and he thinks that it ought 10 be
carefully studied by them before it is CON
sidered IN caucus. Representative
Holman thought it would be better 10
postpone the caucus until the members
mad gone home and talked with their con
stituents, and they could more intell-
gently represent their wishes when the
bill came before the caucus He added,
moreover, that a quorum of the House
would not be present after to-day, and
that it would not be well to caucus upon
so important a subject as the tariff, until
all, or nearly all, the democratic mem ers
were in the city.
THE INTERNAL REVENUE FEATURES.
So much of the time Of the democratic
members of the ways and means commit
tee is occupied in hearing the complaints
Of the representatives of the interests
affected by the bill that it is difficult to
say when the remaining parts of the
measure-the internal revenue schedule
will be completed and laid before
the full committee. Representative
Mcbfillin, the chairman of the
subcommittee having the internal
revenue schedules in charge. has been
hoping TO finish this work by Tuesday
next, but the chances are greatly against
it. Several members of the committee. III
anticipation of an I'd journment for the holt
days on Thursday, are likely to leave the
city within the next fortY-eight hours, or
by Tuesday evening at the latest. There
IS a presumption, therefore, that the
uncompleted parts of the bill will not be
finished until after the holiday recess.
THREE CHANGES DECIDED ON.
Representative McMillin said to-day
that the subcommittee have already re-
ported their conclusions to the demo-
cratic members Of the full committee on
cigarettes, playing cards and inheri-
tances. The tax on cigarettes has been
increased to Sl.50 per thousand, and on
playing cards tax of 6 cents is imposed
Upon inheritances the committee sug-
Eesus two rates-a maximum rate on in
branches of family and minimum rate
where the inheritance is direct. The
proposed rate was left open by the sub
committee, and has been determined by
the full democratic majority.
Representative McMillin said to-day:
1.-THE deficit caused by the Wilson tariff
bill will be. in round numbers, about $62-
100000. | don't think our necessities will
demand more than from $40. 600, 900 to
$4,000, 900. We can save a great many
millions by instituting system Of rigid
economy in our national expenditures and
no jnconsiderable amount will result from
the increased impOrtations consequent
upon the flush times and the reduced Gus
tom rates. Every penny of this money
can be raised from an income tax.
UNDER $4,000 TO BE EXEMPT.
$50 greatly has the country developed
In population and wealth that an indi-
vidual income tax, exempting incomes of
"a, 600 and less, at one-half the rate charged
on all incomes when the law was formerly
in force, will net US an income large
enough to supply all deficiencies We can
obtain ali the money we need from this
source without doing any one an Injustice.
] hold the same views to-day that l did
several months ago when / wrote paper
on this subject that was published in a
Well-knOwn eastern magazine !
then made the argument that a
legacy tax never makes its
exactions until the party who worked for
the money no longer needs it, until one is
TO get it who never earned il. The legacy
tax, in my opinion, is the fairest of ali
taxes, and l, especially, have no hesita-
tlon in saying that am equally favorable
TO tax on individual incomes and corpo-
rsatiOna -