Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-27


II the bill exempted the rents OF such
real estate the argument OF the Senator
from New York would be pertinent. AMI
proper. but that was not the case.
Mr. Hin then moved 20 strike out of
section * the words nome and the
value OF all personal property acquired by
gift or Inheritance" and made an argu-
ment IN support Of that amendment
Mr.. HIS amendment was rejected
yeas. rs; nays, "A. On this vote there
were no OBJECTIONS nom the Democratic
ranks except in the case OF Mr.. Hill
himself
Mr.. McT@aurin moved to reconsider the
votes whereby some days ago the salaries
OF the President OF the United States and
or United States judges were made exempt
from the income-tax.
Mr.. Hill inquired whether Mr. Nc
Laurin had voted In the affirmative on
those amendments
Mr.. McIaurin said ne had not, but
that. as the vote had not been taken by
yeas and nays he understood that the
rule did not apply which limits mo-
lions OF reconsideration to those who have
voted In the affirmative. He added that
he made the motion for reasons which
ne did not deem IL necessary TO give.
MT, Harris. In parliamentary charge Of
the bill. intimated that a motion 10 go
back and reconsider a matter already dis
posed OF was not In keeping with the
spirit. intent, and purpose Of the unani-
nous consent under which the Senate was
acting
Mr.. McLaurin suggested In a rather sar-
castle spirit that the Senator from Ten
nessee might have expressed his idea
without taking up so much time" and
said that he withdrew his motion for the
present.
This remark proved TO be rather irrl-
tating 10 Mr.. Harris. who said that he
had given his understanding OF the unani-
nous consent agreement as briefly as he
knew how; and that he was "a little
surprised at the tone of the Senator from
Mississippi. And ] am surprised at the
tone OF the Senator from Tennessee"
Mr.. McLaurin said.
The Senator can take the tone and the
intent Of the Senator from Tennessee az
he chooses" Mr. Harris said denantly
80 / WILL" Mr.. McLaurin responded
And there the little disagreement stopped
Mr.. Hill offered another amendment in
reference 10 the tax on inheritances, and
1t was rejected-yeas. 10; nays. 26.
All the committee amendments TO sec
ton Is were then agreed TO without divis-
ion. Section So was then taken up and
all the committee amendments, princi-
pally Of a verbal character. were agreed
to. SO also az TO sections 81 and IS.
CORPORATION EXEMPTION.
Sections 90. 60. and 81 WERE on motion
Of the Finance Committee, struck out.
and substitutes for them were agreed TO.
They relate TO the income-tax on banks,
insurance companies. and other corpora
lions. and provide that the tax shall be
levied on the net profits or income above
the actual operating and business ex-
penses. the losses, and the interest on
bonded and other Indebtedness OF these
corporations.
An amendment as 10 mutual insurance
companies or associations conducted
solely on the mutual plan for the benefit
Of their own members. was offered by
Mr.. Vest on the part of Finance Commit
tee 1t provides that the tax shall not
Apply TO amy insurance company or as
ISOLATION which conducts all its business
solely upon the mutual plan. and only
for the benefit OF its policy-holders or
members and having no capital stock
and no stock or shareholders, and hold
ing all it's property in trust and In re-
serve for its pOlicy-holders or members
nor to that part of the business OF any
Insurance company having capitai
stock and shareholders. which Is CON
Quoted on the mutual plan, separate from
its stock plan of insurance and solely Tor
bers insured on said mutual plan, ana
holding all the property belonging to ana
derived from said mutual part or us
business in trust and reserve Tor the
benefit OF it's policy holders and members
insured on said mutual plan
Mr.. Allison moved 10 strike out the nrst
paragraph Of the substitute the worus
and ail other corporations, coinpahi-S
or associations doing business Tor profit
in the United States, no matter now ere
ated and organized" He offered the
amendment so as to exempt small share
holders. whose income was not large
enough TO subject them TO an income-taX'
from having TO pay "A tax upon their diFl-
bends from these corporations.
Mr.. Allison modified his amendment by
exempting corporations having u bona
fide paid-up capital not exceeding SloV'Vv'
He said that this would relieve from the
exactions Of the tax gatherer associations
of mechanics, and Of farmers, in the way
Of creameries, etc.
Without disposinS Of Mr.. Allison rs
amendment. the Senate, at 6I5, after
short executive session, ;.dJourned until
tomorrow at 10 4. NJ.
House of Representatives.
In the morning hour the Senate bill
was nassed making Labor-Day Ohe first
Monday I'm ScptembeD "a legal holiday;
also the House bill providing that in
all claims arising under the pension laws
of the United States the oath or a private
soldier or non-commissioned officer shal
have the same force and erect as tha'
of a commissioned officer.
ON motion of Mr.. SnOdgrass, the House
hin was passed extending the time Tor De-
ginning the construction OF bridges across
tho Hiwassee, Tennessee. and Clinch
rivers. in the state of tennessee au-
thorized by an act OF 1898.
The House then took up and finally
dienosed of the general deficiency appro-
nriation bill for the year ending June 80
ia, Most of the session was spent IN
oo,sideration of the question OF paying
judgments rendered by the Court OF
C1aims in the matter OF claims Oh az
count of Indian depredauons. III was
orrned az n result of three hours dis-
"',ssion 20 appropriate 100000 toward me
novment of the judgments, when az
rrcqate $4,000. The changes made IN me
hin added. net. somewhat over $lVo'No
20 the total amount of the approprla
lions carried by it, making II III fouiu
numbers $5OOO,OVo. o,.,.,,oo,,
pv consent Mr.. Johnson WepubicanD'
- SoY,h Dakota. was given twenty MN
,,,os in which to make a speech respect
49,, che recent strike on the Great NORM,
@ ,atlroad TO show that the Judiclai anu
military arms of the government W.
- 90 aid the railroad company III ne
Seatin, the strike. He SAID Jaiiiss 90 %
In ;,,' nresident Of the road. gave So,0o
=, ,a'' the democratic campaign fund In lSsZ
~ .a' time when W. c. Whitney SAID,
az az =" v pIenty. and friends were few.
and he intimated that the strong arm I'll n Gs
the government had been exer'eo III MS
Al $40 the House adjourned
nynamiting III Alabama.