The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-06-21

IT. prefer to stand with Jefferson, JACKSON
and lilden, in opposisiun to all income taxes,
and direct Federal taxation, but i'll favor OF
a revenue for Federal purposes ana direct
taxation for State purposes.
II repudiate the spurious Democracy OF
these modern apostles and prophets, who are
part Mugwump, part Poptllist, and the least
Dart Democrat who seek to lead us astray
after false Gods false theories and false
methods. / object to our restoring a war
tax which the republicans themselves re-
jected years ago with our appreciation.
STATE DEBT IN IT.
Claiming shat the States most heavily IN
debt were these which favored the tax, Hill
went on =
'Texas, the versatile and elastic free trade
sentiments of whose junior Senator (Mr.
Mills permit him without inconsistency to
vote against free iron ore for free lead ore,
against free sugar and for free wool, but for
an income tax always, has State debt OF
S4317, ,5i5 Louisiana, with sugar tax OF
S43, 100000 imposed upon the whole country,
for the incidental benefit of her own sugar
industries cannot be heard to complain OF
the hardship of other tariff duties or to de-
mand an income tax in place thereof, while
her own State debt amounts to SIG, ,G0S,5o5.
ssThey admit that such an income tax will
affect their own people but little. They
have taken pains to fix the exemption high
enough so that their States will be COM
PEELED to contribute little or nothing. 1t is
the great Democratic State of New YORK
which they are after-that is the State to be
punished. It's chief city-which has always
been the target for Republican attacks
now to be raided by its own party friends
in Congress. The State which has ever
been friendly to the South and its people,
which has ever defended their constitutional
rights and prerogatives, the State which
has always opposed force bills, carpet
bag governments, Federal election laws,
arbitrary arrests and Federal interference
IN State affairs; the State which IS one OF
only three Northern States which have full
Democratic representation in this Senate
and thereby give the Democratic party It's
control here, and which has Democratic
representatives in the other House; the State
whose citizens are the most generous contrl-
butors of those in all other States towards
Democratic campaigns in every part OF the
country; that State, because its business
men have by their energy, ability, thrift and
industry, built up their business, their IN
dustries and their varied enterprises SO that
they realize large incomes from them, IS to
be subjected to an odious, unnecessary and
Objectionable income tax at the instigatlon
of their party friends from the South as
soon as we get possession OF the Govern
ment. a Federal tax for which New York
nor any other Democratic State ever
voted, tax which no Democratic
National platform ever approved, a
tax rejected and discarded by
the people of all parties twenty
four years ago; tax the imposition of
which will drive New York, New Jersey and
Connecticut into the Republican column,
there to permanently remain; a tax, the
individual feature of which has not been
recommended by any Democratic President
or Secretary Of the Treasury or Commits
sioner of Internal Revenue, but tax sug-
gested. advocated and now persistantly
pushed by majority which is temporarily
al
ing the Democratic party with reckless and
headlong speed into the abyss of political
ruin"
IS IT NECESSARILY
'sI need hardly suggest that nothing but
the most pressing necessity would JUSTIFY
the imposition of such tax IN time OF
profound peace. That necessityshould be
proved it should not be assumed. The great
compromiser of the age, the distinguished
Senator from Maryland Mr.. Gorman),
while personally expressing his dislike for
the tax and regretting its adoption, yet,
with that spirit of eoneiliation which char
actefizes him, reluctantly accepts it, has
seen fit to suggest that it may be denomi-
mated an emergency tax. What 'emerg-
ency' in any proper sense in which that term
can be used, has arisen which justlfies lts
None whatever.
"There has simply been falling off of the
usual tariff revenues, occasioned by the tenn
porary depression in business and by the
'scares' produced by contemplated tariff
changes-and that is all.
'fThe ordinary routine of business will soon
be resumed and the usual revenues will be
flowing into the treasury. There is no 'emer-
gency' in fact, it is a mere play upon words
to call the present situation SUCH
''W Whatever emergency there may have
BEEN if any at all, is already past, and been
met by the issue Of bonds by the Secretary
of the Treasury. Such contingency can be
met again in the same way If necessary.
AS TO SUGAR.
s'Mr. President, it has been difficult to
fathom the motives of the Finance Commit
Tee in their insistence upon deferring their
proposed duty upon sugar until January,
1895. The committee, 1T must be admitted,
did not very successfully defend the pro-
prietv of their action. Their attitude has
placed them IN an awkward and unpleasant
position, inviting much criticism which
might better have been avoided.
sFCan it be possible that their we'll known
anxiety to retain the income tax provision in
this bill has led them to postpone the date
for the operation of the sugar tax in order
that there might be created an apparent
greater necessity for this income tax!
'.Any other explanation seems unreaSon-
able. It is absolutely impossible under the
present condition of this measure, with the
duties which have been added to this BILL
with the large sugar tax provided for which
than has been estimated by anyone, to JUS
tify the retention of an income tax therein
upon any theory that the Government needs
the revenues
THE DEAR CORPORATIONS.
Gas lawyer, as well as Senator. con-
tend that the general government has no
constitutional power by means of an income
tax to reach or disturb any of the revenue OF
that class of corDorations. It cannot absorb
them, diminish them or destroy them. 1t
may tax other corporations who simply pay
ordinary taxes upon their real estate OF capi-
tai stock, the same as citizens who own real
estate or personality but these particular
corporations must be regarded as a portion
of the agencies. means or instrumentalities
of the State Government which are beyond
the taxing power of any other authority
The State must be regarded as having set
apart and appropriated to itself for its own
purposes of administration, the revenues of
these corporations, and no other power can
| lawfully interfere with them.
"lf this bill shall pass in its present shape
what spectacle will be presented. The Fed
out for portion of the earnings or incomes
of these corporations. Which is to have the
preference? If the incomes earned only
amount to a sum sufficient to pay one per
| cent, which sovereignty is to take it, the
| State or the nation.
| stThe lawful right and power to tax, large
| Iy involves the power to destroy. Can the
| general government lawfully destroy these
! agencies or instrumentalities of the State
these corporations which virtually consti-
| tute part of its state system of govern
| ment-a part of its scheme or administra-
| tion-a part of its financial system?