Evening journal., 1893-04-27

to that resolution
Speaker Houston-"Untn they get
dose
Mr.. Then they will talk for
two years
Mr.. Lacey-"would it not be better to
limit the timer
Mr.. Pilling-"Give everybody show"
Mr.. Williams -''Give each man his ten
minutes"
Mr.. Pillinp-"We don't want any one
man to take up the whole afternoon.
The ten minute rule was then
adopted, and the matter was dropped
for the time being
For and Against the Bill.
At . o'clock Speaker Houston called
the Senate to order and requested any
person having anything TO say on the
subject to speak and conhne his remarks
to ten minutes. The following is a
synopsis of what was said:
AIr. Fulton Disappointed.
]. Alexander Fulton-"In appearing
here in behalf of the bill l am disap-
pointed in the time given Confning us
to ten minutes is a very narrow limit,
but l shall submit cheerfully This bill
originated with the farmers of Delaware,
especially those of Kent county. The
real estate pays from so to 80 per cent
Personal property psys scarcely any
thing They consider it unjust land are
not willing TO submit to il auy longer
Investments which pay much heavier
dividends are not taxed a cent. Men
worth from $50, 900 to $4,000 in bonds
and mortgages pay no tax, while farm
ers and men who work from ten to six
teen hours pay nearly all the tax. There
is no inclination on the part of the
farmers to throw the tax upon any per
son who should not pay it. The man
who holds ass, 600 mortgage on SO 600
farm should pay part of the tax. The
farmer has to work and sweat over his
farm to get a living The man who holds
the mortgage can lay back and smoke
his cigar.
This bill has been misrepresented. The
tax it imposes would scarcely be felt
Tue stockholders of banks reap the
profits and we want them TO pay their
share of the tax There never was a
more preposterous proposition than that
this bill will hurt the manufacturers.
They make from 10 to "a per cent profit.
The farmers would be glad to get one
fourth of that amount in profits.
An Amendment Read.
John B Pennington-"I did not come
here as the advocate of any pet measure
On taxation. What l say is as a fellow
citizen to call your attention TO some
facts of what the public have a right to
expect of you. In the little brief report
Of the Tax Commission state that which
was fact. During the last session the
matter was agitated and the members
not feeling perfectly satisfied, named
Tax Com mission. The state conven
tions pledged their respe ctive parties to
the equalization of taxation. They
meant either something or nothing 1t
was either platform to get in on and
carry out or one to simply get in on.
have drawn hastily an amendment to the
present bill, which will be submitted to
you.
Out of thirty seven Of the forty foui
states all investments are taxed. II
many states they tax money in tn,
pocket, and deposits in banks. In Penn
sylvania they tax savings banks anC
building aud loan associations. Th'
theory they hold in these states is tina
all kinds Of property should pay it
proper proportionate share of taxation
for protection Delaware keeps down
the limit to real estate, certain kinds
Of personal property and poll tax.
"The question of taxation has agitateS
the world for ages and will for ages K
| come.
Your parties are pied ged to some bill
for the equalization of taxation. / here
with submit the amendment which
drew at the suggestion of one of tn
Senators :"
The amendment, which was really
substitute for the House substitute, wa
drawn by Mr. Pennington at the reques
Of Senator Watson It's general feature
| and principles were the same as the bill
under consideration with the exception
that certain property, such as savings
funds, railroads and manufactures shoul'
be exempted where they already pay
state tax.
"That was read by me for the frs
time, but am not welded to it. / al
only welded to bill which is fair unde
the platform Of the party which we reI
resent"
Daniel w. Taylor-"If the substitut
is going to come before the Senate W
have nothing to say now. We came her
TO fight the House bill. Here is the pro
test of the Wilmington Industrial AssC
citation. 1t was adopted by the compan
the other night. / will read il. / wi
also read extracts from a daily papt
editorial, bearing upon the bill Tn
measure is opposed by the best elemeI
in our community, and we are here
defeat it If we can.
Hot-shot for the House.
A. l.. johnson of the Builders e.
change-"The Builders Exchange wi
called together hastily yesterday an
adopted resolutions denouncing the bi
and entering protest against it. OF
people are unanimously opposed to i
There is scarcely a dissenting vote I'll
protest was unanimously adopted by IL
exchange. Borrowers in WilmingiO
cannot get money because the lende
expect to get a higher rate of per cen
age Daniel Webster once said that Il
House of a State Legislature was vel
for the peoples foOlishness, while Il
Senate Topped off the foolishness al
presented the good parts daughter
, We ask the Senate to lop off tn
measure.
John f. Salisbury -'1f that is the sent
, ment of Wilmingtonians they had bett
not come here and ask the House for al
more legislation