Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-06-21
MAKING FAST TIME.
Tho Senate Gets a Very Lively
Move on Itself.
TARIFF BILL on THE HONE STRETCH

A Tuss1s Over the Income Tax the Only
Important Matter Left-Changes Pro-
posed In That Part of the Measure
the Gold R~serve-Sudden Death Of Ex-
Senator Perkins, Of Kansas.
WAsHIyGToy. June 2i.--Very rapid pro-
gress was made on the tariff bill. The in
come tax on page 10 had been reached
when the senate adjourned. Only sixty
one pages OF the bill-the income tax and
internal revenue featurcs-remain undis-
posed OF and the end of the long debate
seems near at hand. Tho remaining
features Of the free list were completed
without friction. nett her sugar nor wool
the great controversial items-contrary
to expectation, giving rise to debate. A
yea and nay vote was demanded IN strik-
ing sugar from the free list, while the
final struggle on free wool was postponed
until the bill should be reported to the
senate. The administrative features Of
the bill (sections % to IS inclusive) were
stricken out, as Jones explained, in Or
der TO facilitate the passage Of the bill.
The Administrative Sections.
II il was deemed advisable later to enact
the proposed administrative sections it
could be done in "A separate bill, he added.
Allison animated that 1t was the wish Of
the secretary of the treasury to place the
new tariff in force under the operation OF
the present administrative law and if de-
fccts were found to correct them later on.
The contest over the income tax, which
promises to be exceedingly interesting il
no, sensational. viii begin today. 1t is
the general expectation that it will oc-
cupy mt least two days. Vest has intro
duced the amendments which he an
nounced heretofore would he offered by
the finance committee to the income tax
provisions before that part OF the bill was
reached.
Amending the Income Tax.
The first of the amendments provides
that mutual life insurance Companies
shall not bc required to pay an income
tax upon the sums repaid to their policy
holders rs dividends or interest upon the
surplus premiums held by such companies.
The provision regarding building and loan
associations : changed to read as follows:
That nothing herein contained shall ap-
ply to the loans made by building and
loan associations TO their shareholders
for the purpose OF enablin them to pro-
vide for themselves homes" 1t is also by
the amendments made the duty of per-
sons acting as trustees for estates or
trusts to render returns upon them when
the income annually exceed $500
Traternal Societies Exempted.
Another amendment requires the internal
revenue commissioner to prescribe the
form Of the affirmation or oath required
from the president or chief officer of n cor
poration or company in giving the net pro-
ceeds of his company. In the paragraph
relating to these returns by corporations
there il n change which provides n penalty
for refusing TO make returns instead of for
refusing to pay the penalties. which is evil
IDENTIFY the correction of an ilcongruity in
the former print. Another amendment ex'
enpts fratcrnal beneficiary societies, or
ders, or associations operating upon the
lodge system and which provide for the
payment of life, sick. accident, and other
benefits to the members of such societies
and their dependents, from the operations
Of the law.