The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-06-23
YIRULENT DAVE
Hill of Elmira Makes An
other Onslaught on the
Democracy.
INCOME TAX BUGAB0O.
He Describes 1t As q Populist Tri-
umph-So Very Anxious For
a Permanent Settlement.

WASHINGTON, June %, 1s94-At half
past ten o'clock this morning the Wilson
Tariff bill was taken up the question being
on the various amendments to the income
tax provision.
Mr. Hill dem, N. W Immediately re-
newed the debate of yesterday, day which
would be known, he said, in the future his
tory of the country as "Populist Day."
There might never occur again time in the
history of the Government when one of the
principles of the Popnlist party would oc-
cupy SO much of the public attention and at
tract so much interest as it did yesterday.
The Populists had succeeded whether by
manipulation, by negotiation, by argument,
by entreaty, possibly by reason of its in
trinsic merits-in having incorporated in
Democratic tsriR reform bill one of the
| essential principles of their own party.
And, undoubtedly, they naturally felt
proud of the success of their efforts. He
did not begrudge them their victory. He
differed with them in regard to the pro
priety of the tax itself, but he was willing
that they should have all the glory that
attached to their triumph.
MR. HILLS SUPPOSITIONS.
He referred to Mr.. Teller's speech of yes
terday favoring the income tax for the
| reason, among others, that the Tariff
bill, without the income tax, would not
produce sufficient revenue. He (Mr. Hill
had supposed that the bill, by reason
of reduced duties, would so increase Im-
portations that it would produce enough
revenue for the wants of the government.
But it seemed now that he was mistaken,
and that the Democratic side was mistaken.
And now Senators were asked to accept the
explanation of the distinguished Senator
from Colorado. 1t might or might not be
accepted by his. friends on the Democratic
side of the Chamber.
THE BILL SHOULD BE LASTING.
| But if their tariff bill was worth anything
at all, it ought to bring sufficient money to
support the government--after the five years
| when the income tax was to expire by its
own limitation Was it not their duty, he
asked, to make a tariff bill that would be not
| only acceptable today, but would be accept
| able and sufficient five years from now
and ten years from now: The bill that
| would be passed now ought not to be dis
| turben for long years to come. Senators
| should recognize the important fact that
| they were legIslating not for today but for
many years to come. They should make q
| bill that would last that would stand criti-
| cism and that would meet the needs of the
| treasury for years to come.
| RIDDLING P0PULIST ARGUMENTS.
| Referring TO Mr.. Teller's illustration of
| the Custom House examination or passengers
arriving from abroad, FIR. Hill said Una5
! such an examination was matter of abso-
| lutte necessity; that it took place under laws
| passed many years ago-in the good old days
before half of America went to
| Europe and came back again--that
| ing into the country. Besides this examina-
| tion, he said was more or less matter of
| form-mere casual investigations. Such
| necessary inquiries as were made at the
| Custom House did not furnish a sufficient
| argument why an income tax should be put
on the statute books, whereby any person
| who paid the tax could be summoned before
a collector or deputy collector and put
| through series of questions.
THE EXEMPTION SHOULD BE 81, 900.
| Mr.. Hill commented on the fact that the
| word cotton" appeared in italics in the bill,
| showing that at first the profits cotton
| were not to be accounted for: and he init
mated that the intention had been at first to
exempt the profits made from cotton, and
| that was one indication OF secuionalism
! in the bill He also questioned the
exemption of s., 200 as against $3.50 in Eng
| land and said that that large difference was
| a seive awaY'' of what democrats had been
| claiming for years. They had been admit
ting that the expense of living in this coun-
| try was somewhat larger than the expense
| of living in England, but not in any such
! proportion as that. As against the $3.50 in
| England, the fair line of exemption in the
| United States would be $1,000, and he
| thought that that should be made the ex-
emption in this bill.
INHERITANCE TAX UNJUST
Coming to the question of the income tax
on inhertances Mr. Hill said it was unjust
to the States which had inheritance tax laws
and which imposed five per cent. upon in
heritances. The adding of two per cent.
more to that tax would not be justifable,
| even in time of war It would be most
onerous taxation, and either the general
| government would have to give way or the
States would give way. In that respect he
was on the side of the States rights.
Then he criticised the taxing of dividends
drawn by men of small means and said that
he would offer an amendment to cover that
| point-which amendment he supposed,
| would be voted down, If for no other reason
than because he offered it. The amendment
was that the amount OF any dividend paid to
| a single stockholder not exceeding $1,000 a
| wear. may be deducted by corporations from
all amounts on which, otherwise, they would
| be compelled TO pay tax; but that the
amount of such dividends so received should
be included in making up the income of
81, 200,
NO ROOM FOR PoPULIsT PARTY.
Coming back to the Populist party Mr..
Hill said that the Senator from Nebraska
(Mr. Allen was laboring under the delusion
that that party had great mission to per-
form and that he was its great Prime Minis
ter lie (1Ir Hill did not think there Wds
any room in this country for large third
party Third parties come to the front like
rubbish and dirt in boiling pot OF water,
They appear in and subsisted on hard times.
They were incident to all countries, because
ell countries were depressed. In the good
times that were coming to the United States