The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-10

mistaken idea. In the first place, all those
than $500 are put to the annoyance of
making sworn returns, and they neglect II
at their peril. In the second place. it may
reasonably be apprehended that some por-
ton Of the tax paid will reimburse itself by
an increase of rents, where the income was
derived from that source. SO poor tenants
may be affected in some degree as well as
rich landlords. The bill seriously affects the
rights and interests OF building and loan as
sociations throughout the country, lncorpo-
rated under State laws. The Senate amend
%sH'S 20 not cure the oe'e''S
Inauiring as to the source Of the demand,
he said that nothing was heard in its be
half on the part OF either OF the TWO great
political parties I'm the campaign OF lS2-
Neither the Republican nor Democratic
platform proposed any such method or rails
ing revenues. No prominent Democrat or
Its approval was limited TO the platform or
the newly-fOrmed POpulist party and its
advocacy was restricted to Populist orators.
He protested against the Democratic party
being made a tail 10 the Popullst kite, ana
denied the right of a Democratic Congress
to make new principles for the party not
sanctioned by its representatives in ma
tiOnal convention duly assembled. The sub
stitution Of internal or direct taxes ior
cuStom-hOuSe taxation meant the reductlon
of the wages of American workmen 10 the
European standards. 1t meant the degrade
ton OF labor; it meant the deprivation to
our workmen OF the comforts and luxuries
OF life to which they have been accus-
toned.
III outlining MS pOSlltOu Hc Sdlu NhoS nv
one dollar OF tariff taxation should be i'm
posed except what is necessary for the
needs Of the government economically al
ministersd. but whatever those needs are
the necessary revenues therefor should De
supplied from tariff taxation, and that
alone, save and except the taxes upon
LIQUORS. oleomargarine and tobacco, to
which the country has long been accus-
toned, and which for obvious reasons need
not be disturbed.
SECTIONAL DISCRIMINATION.
"a ~;-o, zion ~
the tax he referred to the income tax of
1878, which extorted from the people an
| aggregate sum of S347. 229, S97.S6. OF this
sum the Eastern States paid IS per cent,
the Middle States 50 per cent. and together
they paid II per cent. New York alone
paid 30 per cent. 1t has not been claimed
that these percentages will be materially
changed if this bill becomes a law. For
my own part" as a Democrat said, Il
| prefer indirect taxation and tariff reform
above direct taxes, and tariff extinction L
prefer taxing foreign products rather than
taxing home products. L follow Jefferson III
regarding even the species Of indirect tax
alton on home products by internal rev.
enue war taxes as not good 10 be extend
ed and the first to be rid or when their
need is past. If Mckinleyism is socialism
for the benefit of the rich and the income
tax is socialism for the benefit of the poor,
no true American Democrat Will look to
the hair of the dog TO cure his bite. Amer
| lean democrats VIII REJECT SOCIALISM, OI
both kinds. If my counsels were needed L
would surprise and satisfy the country by
the conservatism of our progress in revenue
reform. The Mckinley bill lost the country
to our opponents by its extreme features
in one direction and we should avoid the
| opposite extreme"
He quoted from the speech of Senator
VOORHEES, that the passage of the bill would
produce a surplus. and said that: according
to this statement, the bill has Jumped out
OF the frying pan into the nre." From a
deficiency there has arisen an immoderate
surplus. One extreme has been succeeded
by another. The made many
changes, taktng sugar, iron. coal, lead and
other articles from the free list and max
ing them dutiable, and providing for a tax
upon sugar, stimated by official experts
TO realize 81, S22,623.6l, and additional tax
on spirits from which Sl0,OO0,OOO is antici-
pated. Yet Notwithstanding these large adj
ditiOns Of revenue sources to the bill, the
committee still retained the income tax.
In conclusion he defined his position in
these earnest words: Il stand ready TO
support any reasonable measure for tariff
reform framed within the lines and based
upon the principles which l have here par
TALLY indicated. and which were fully set
forth in my speech in opening the political
campaign in Brooklyn on Sept. 1s, 1892. 1
stand to-day where l stood then. / have
nothing to add and nothing TO retract; l
will cheerfully vote for the Mills bill
and join with you in making many MAJ
terial reductions of duties therein. / am
ready to waive all minor differences of de-
tails which do not involve a question of
principle. Having spoken to-day especially
upon the income tax feature of this bill,
] reserve the expression of my views upon
its other features until near the close of the
discussion.
AN IMPORTANT CRISIS
"Mr. President, this is an important crisis
in the history of the Democratic party. The
failure of tariff revision means the defeat,
the Generalization if not the division and
humiliation of our party. Moreover, it
means, as we believe, injury to the best
interests of the country. Let those who in
sist upon injecting into this bill this odious
and undemocratic feature of an income tax
"a relic of war legislation-pause and re-
fleet upon the possible consequences OF their
unwarrantable demands. They should real
iZe that IL means the loss of the control Of
this Senate, now nearly equally divided be-
tween the two great parties; it means the
loss of the next House of Representatives;
ii means the loss of the electoral votes of
New York. New Jersey, Connecticut and
probably every Northern State, and, finally,
it means the loss of the next presidency and
all that it implies. They should recollect
that the income tax feature is Justly re-
garded in New York and many other States
as a scheme of spOilation and unwarranted
sectional attack upon their citizens of
means. They should consider whether there
is anything about an income tax so ca
cred. so desirable, so popular, SO just and
so defensible that its maintenance is worth
the risk which they are precipitating. Let
them remember 1860 and the ultra demands
then made upon the Democratic party, to
WDl"n IL could not nOnOrdDly accede; de-
mands which led to our division and de-
feat; let them remember the triumphs of
our opponents, the civil war that followed,
the devastation, the suffering. the humilia-
ton that followed, the military and the
carpet-bag government which flourished, the
force bills which threatened, and all the
incidents of the terrible years that darkened
our party'S and our country's history from
1850 to 1884. when, through wiser ~counsels,
moderate action, conciliatory methods and
restored confidence we were intrusted with
power again; and. rejecting upon all these
things, let them say whether il is the part
Of wisdom, by the insistence upon extreme
demands, to imperil the success of our
party again, and thereby tend TO retard the
progress, diminish the glory and endanger
the best and highest interests of our com
mon country"
At AIS p. m. Senator Hill concluded his
speech. which was greeted by a burst OF
applause, quickly checked by the Vice Pres
ident. There was a sudden exodus of Wis
itors from the floor of the Senate cham
Der, and man left the galleries. 1t took
nearly five minutes to restore order.
CIV or, mUUn -O-