The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-12-29

WASHINGTON, Dec. 2s.-On Monday
evening next the Democratic members
OF the ways and means committee will
meet at the Treasury Department to
settle definitely the form and scope OF
the proposed income tax. The members
OF the committee have had no meet.
ing since the adjournment of Congress.
Breckenridge and Lyman are spending
few days in Maryland; Turner,
Tarsney, Stevens and Cochran are at
home and Chairman Wilson is busily
engaged upon his tariff speeches and
denying himself to all visitors The
remaining members Of the majority,
Mcmillan, Bryan and Montgomery arc
In the city, but their functions as q sub
committee on the internal revenue
schedule ended in fact a fortnight
ago, when their recommendations re.
garding the general subject Of internal
taxation were laid before the Demo
cratic 10 ajority.
There is still probability of an in
divldual income tax, but the majority
of the committee incline more favora.
bly, to Secretary Carlisle's recommends
ton that the tax be placed on dividends
resulting from investments in lands,
stocks and other securities II the tax
on individual incomes BIO adopted, an
effort will DO made to graduate it in
such way that it will fall less heavier
upon the heads OF families ttan upon
those who have only themselves to sup.
port. In other words, the man of
family will pay smaller tax on a
given income, according to the number
dependent upon him, than the single
man who has no family.
Next Monday evening the majority of
the committee will be able to deter
mine from data at hand tho amount of
revenue which may be expected to &C
crue from every form Of tax. H. as now
believed, that moro than Sis, OoO, 900 will
BIO needed from that source, it will be
shown that this sum can be raised from
investors alone, thus rendering unnec-
essary any individual income tax.
The division among the Democratic
members on the general subject
OF income taxation is clearly de-
fined. Wilson, Breckenridge. Cock.
ran, Montgomery and Stevens are
disposed to follow Secretary Carlisle
| recommendation. The five other Nom.
bers, Mcmillan, Tarsney. Whiting,
bryan ana byuum are Staunch sup
porters Of the proposition to tax in
dividual incomes. This gives Turner
of Georgia, the deciding vote. Tur-
ner's inclination Is believed to be more
in line with those of the gentlemen
last named than those of the other
members. How far he may be innu-
enced by t fact that not more than
Sl5,000,000 will be needed from an in
come tax is not known He does not
appear to have taken any positive
stand as yet, and none OF his as
sociates assume to speak for him.
Chairman Wilson, of the ways and
means committee, has had prepared a
statement showing the quantities and
values of imported merchandise tor
1892 and 1898, also the rates of duties
paid for these years, together with the
rates proposed by his bill and the est.
mated revenues under his bill based
| upon like importations. The duty re-
ceived under the Mckinley bill for 1899
was Sl73,09S All; the duty estimated
under the Wilson bill for like period
would have been SlO7, 600, ITO, making
the estimated decrease per annum $685.
407, 900. The total duty received und or
the Mckinley bill for 1892 was $685.
452. The duty estimated under tho
Wilson bill for like period would be
Sl22, GG5, 668, an estimated decrease of
S75, 707, 1884.