The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-02-07
WHISKY TRUST HIT.
The House Defeats tho Efforts of tho
Lobby.
RrREATT Ola THE SENTINEL.
WASHINGTON. D. c. Jan. 81.


This was another poor day for trusts in
the house. The whisky trust was sat
down upon Notwithstanding its large
paid lobby.
The trust demanded an extension Of
the bonded period from three to eight
years. Such provision was included
in the internal revenue bill reported from
the ways and means committee.
Mr.. Bynum spoke on the provision Of
the internal revenue bill extending the
bonded period from five to eight years
He contended that the 10 cents increase
on whisky would not compensate the
government for the losses il would sus-
tain by reason of the other provisions.
In the first place the 90 cents per gallon
tax which now becomes due at the end
of three years is to be extended to eight
years, thereby giving the distillers five
years at the rate of about per cent
In addition to this the percent of loss
by evaporation is extended and by this
the government would lose the tax on
about four gallons additional Of spirits.
which would absorb all the increase of
tax provided, so that practically the gov
eminent would be extending the time of
,
out any remuneration whatever. The
government would simply be carrying
the output of whisky for the distillers.
which would he becoming more valuable
all the time by aging.
Dealt Crushing Blow.
Under the leadership of Messrs. By
| mum and Cultivate the house dealt a
| crushing blow at the arrogant whisky
| trust which demanded an extension Of
five years to pay the whisky tax. In OPP
! posing this extension Mr.. Bynum had to
| split with the ways and means commit
| tee. Judge Holman represents a dis
| trict that distills more whisky than the
| whole remainder Of the state. but he is
| also the watchdog of the treasury and
as a faithful Watchdog he cast local in
| terests aside and ably supported Rynum
| in his effort to save millions Of dollars
| to the government annually. Brett.
| Cooper. McNagney, Conn. BTOokshire and
! TAYLOR also stood up with Bynum and
| Holman and were counted against the
proposition TO grant an unreasona BILE and
unjust demand of the whisky trust.
Representative Bynum was the sole
| member from the ways and means COM
mittee to actively oppose the extension.
| Chairman Wilson being i'll. and the moral
effect of a member of the ways and
| means committee leading the fight
| against the whisky supporters was tell
| ing The Indiana delegation can al
ways be relied upon to stand by the
| government
Mr.. Bynum's Amendments.
Mr.. Bynum secured the adoption of
| two amendments to the income tax bill
| OF vital importance. One is that in
making their returns farmers shall de-
duct the cost of production of their
| crops. also Indebtedness on live stock
| sold. The effect is that farmer de-
| irving an income of over $4,000 for crops
| or stock sold can deduct the cost OF pro-
| duction so after this deduction has been
made if his income is still over $4,000
| he will pay ? per cent on the excess of
| 81 900 1t is safe to say that not one
| farmer out OF one thousand in Indiana
/ will pay an income tax.
| The other Bynum amendment provides
| that inheritances exceeding $4,000 shall
| be taxed as incomes, but this only APP
| plies to personal property, money, notes,
| bonds. ETC. so that if a person should
| inherit say SO, 900 in money, bonds, etc,
| he would have to pay per cent. on
| SIS 600 If this law had prevailed when
! the Gould children inherited their mill
| ions from the railroad kings estate over
| 500 900 would have been collected by the
! government on the Gould estate as tax
| land why not? Has not the govern
/ ment spent thousands in protecting the
I Could railroads? The Bynum amend
! men alone will bring in a revenue to the
| treasury of over $4,000 annually.
| Vote on the Wilson Bill Today.
Tomorrow the Wilson tariff bill with
the income tax feature will pass the
house by a safe vote, estimated at 40.
| The sugar trust lobby arrived this after
noon and an attempt will be made when
| the bill is reported to the house to re-
| consider the vote by which the 1z-cent
1 duty on unrefined was eliminated from
| the bill This h-cent duty. which the
| Mckinley bill retained, is all that has
kept the sugar trust alive and the trust
| will die hard. But on a vote to reconsid-
| er the ayes and noes are called and few
| members viii dare to go on record foI
| the sugar trust. The trust is dead as
! far as the house has the power to Kill
it,
/. Among those who made good hits In
favor of the income tax today was Mr.
| Brett of Indiana
Catarrh, throat and lung treatment Con