The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-06-21

N"AsllNGToS, June @O.-Nery rapid
progress was made on tho tarig bill to-
day. Tho income tax on page 10 had
been reached when tho senate adjourn.
cd. Only 81 pages OF tho bill, tho In
como tax and internal revenue features,
remain undisposod OF, and the end Of
the lonQ debate seems close ut hand.
Tho remaining features OF tho free list
was completed to-day without friction,
both sugar and wool. the great con-
trovcrsial Items contrary to expectation
not giving rise to debate.
A yea and nay vote was demanded on
striking sugar from tho FREQ list, whilo
the final struggle on FREQ wool was post
ponel until the bill should be reported
TO tho senate.
STRICKEN OUT.
Tho administrative features Of tho
bill (scCtions o3 to IS inclusivc) were
stricken out. as Mr.. Jones explained,
in order to facilitate tho passayo OF tho
bill. Ii it was doomed advisable later
to cnaCt tho proposed administrative
sections it could be done in separate
bill. he added. Mr. Allison intinated
that IL was the wish OF the secretary OF
the treasury to place tho nav tariff bill
in force underthc operation OF tho pre-.
sent administrative law, and, il defects
were found, to correct them lister on.
The contest over tho income tax, which
promises TO be extremely interesting, II
no. sensational, will begin tomorrow.
It Ia the general expectation that it will
occupy at least two days.
PEFrER's AMENDMENT.
Mr.. Pa6cr gave notice Of his inlen-
tion to offer IN amendment TO graduate
the income tax SO as 10 mako incomes
in excess Of $1,000 and below $4,000
subject to tax OF per cent; between
$4,000 and $4,000, 2po' cont; between
S25,C00 and $4,000. 8 per cent; between
$4,000 and 100000, 4 per cont; above
Si00,O0O, per cent.
THE COMMITTEE AMENDMENTS.
Senator Yes. to-day introduced the
amendments which he announced here.
toforc would be offered by tho finance
committee to tho income tax provisions
before that part OF the tariff bill was
reached. The frat OF tho amendments
provides that mutual life insurance
companies shall not be required to pay
an income tax upon the sums repaid to
their policy holders US dividends or in
tercst upon the surplus premiums held
by such companies.
The provision regarding building and
loan associations 10 changed to read hs
follows: "That nothing herein con.
taincd shall apply TO the loans made by
building and loan associations to their
shareholders for tho purpose OF enabling
them 10 provide for themselves homcs.'
ESTATES AND TRrsrs.
1t is also by the amendments made
the duty OF persons acting as trustees
Tor estates or trusts to rondor returns
upon them when tho incomes annually
exceed $500. Another Amendment re-
ouires tho internal revenue commits
sioncr TO proacribu tho form OF the
affirmation or oath required OF tho
president or chief ol6cer Of q corpora
ton or company in giving the net pro.
cceds oil his company. In tho para
graph relating to these returns by cor
por0tions thoro is q change which
provides penalty for refusing TO mako
returns instead OF for refusing to pay
the penalties, which !s evidently the
correction OF an incougruity in the
former print.
Another amendment cxcmpta fTa.cr-
nal beneficiary societies, orders, or asso.
Citations operating upon the lodge sys-
tenn and which provide for the pay.
men, OF life, sick, accident and other
beueltg to the members of such soclc-
ties and their dependents, from the
operations OF tho law.
SAVINGS BANKS.
An exemption Is a!ao made in tho
case OF such saving banks. saving lnsli-
tutions or eocicties as have no stock
holders or members except depositors
and no capital exccp, deposits; thoae
that shall not receive deposits to m ar..
cregate amount in any ono year Of
more than 81 900 from tho same deposit
tors: those that shall not allow M ac-
cumulation or total OF deposits exccod-
ing $4,000; those that shall actually
divide ana distribute to their deposit
tors, ratably to deposits, all the earn
ings over the necessary and proros eS-
peuses of such bank, institution or
society, except such as shall be applied
to surplus; and also those that shal!
not possess in any form o surplus fund
exceeding ton per cent OF tho aggregate
deposits.
Tho duration OF tho debate on the In
como tax probably will depend largely
on Senator Hill, aud hc haa expressed
tho opinion to-day that two days VIII
he ail the time required for this do,
hate. Thoro Is disposition on tho
Rcuublican sldc to allow the Democratic
moInbors OF tho senate to settle this
question largely among themselves ava
tho epcoches on tho Republican side
nrobablr will bo bricfer and fewer IN
humber than has been expected. SEN
ntor Hill will begin tho procoodings 70
morrow with q set spoech attacking the
tax vigorously, but it is not believed
that other Democrats, whether iavo'ine
or opposing tho bill, will have set
snecches on tho subject. It Is qult,e2
I;tnlv tbnt tho Fopalist senators VIII