The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1894-05-03

tax OF that nature, however but it ought
to be tax on franchises and inheritances.
The Hon. Uriel 5. Hail. of Missouri,
practical farmer and cultured versa
tile statesman, spoke as follows on this
subject in the house of representatives
Coming down to the question of princi-
pie can you ever perfect a revenue tariff in
any government without an income taxi NV
able colleague from Missouri Mr.. Tarsney)
dwelt in some measure upon this matter. |
notice in the Washington Post Of this morn.
ing an extract from the New York Sun, in
which that organ denounces the income tax
for the reason that the revenue from the in.
come tax law in England had varied during
IA period of twenty years; this writer cites
the fact that during this period the rates of
taxation varied from sixteen pence on the
pound to two pence, the revenue derived by
the government varying from 3,jOO,0OO
pounds to 100000 pounds. quote the
article merely from memory. Now, | say
that this hexibS~ty of the income tax is one
of the greatest arguments in its favor do
not believe that any party. on earth, that
any man who is patriot, wants to see the
business interests of this country hazarded
and the obligation of contracts impaired by
changes in the tariff every two or four years
81 asked an eminent member of the
ways and means committee whether he
could even in theory conceive ola tax which
would give proper revenue for 1895 and
1896, which would not produce surplus
of at least twenty-five millions in 1897 and
1898. He answered, as every student of
that subject must answer: NO. Without
an income tax the only method at your com.
mand for producing the proper hexibility
of revenue to meet the flexible demands of
the government, without disturbing the
business interests ofthe country, is TO change
your tariff schedule every two years. am
not one of those who believe that the pres.
ent business depression is due to threatened
tariff legislation but rather that with Il
view to the presenttarif legislation fastened
upon the people with increasing and ever.
growing burdens until its final elimination
in the Mckinley act of 1890, which has
brought around with marked severity the
present financial crisis under which we are
now suffering.
81 believe that tarifilegislation or threaten.
ed tariff legislation must always have some
tendency TO impair the obligation of con.
tracts, TO disconcert business, to bring about
business distress. And | believe that no
party that has at heart the real interest of
the country can afford TO say: we will
change the tariff legislation of the govern.
ment every two years, and thereby run the
risk of impairing the obligation of contracts
and disturbing business interests
by this kind ola tax, tax upon incomes
the English government was enabled to
pass through the Crimean war; and the
man who wrote that article in the New
York Sun did not say il was during that
war, but the dates show it, And the fact
that the rate varied from led. to the pound
to I'd. TO the pound, and 4d. TO the pound
and down TO I'd. to the pound showed what ?
II showed that England was enabled, by
Increasing the income tax, TO pass through
The Crimean war with very little disturb.
,nce of the taxing system Of the govern.
nent from the internal revenue or from
he tariff taxation; and they were able,
when the crisis passed, to bring it down,
md bring nothing but good will and graft. |
Jude from all classes of the people"
~
There is much in the argument that an
income tax is more inquisitorial than
,ther taxes. We all remember the Til
len case. A corporation tax, and inheri-
ance tax is far less inquisitorial and
UGH a tax should he levied in order to
void periods of surplus and of deficits
n the treasury. But for good or for i'll
We are going to have the income tax.
Hill assais il because it is in bill that
le thinks has too much free trade in it.
There is the secret of his holtility. That
5 all bosh about the income tax being
ln-Amercan. There is a modified income
AK in New York now. Why did Hill
lot have that repealed when he was the
'oss of the state?
A little over two years ago Mr.. Hill
mad blunder. He held "snap" con-
ention. A few days later there was a
nutter that came up from the country.
loon IL became a erowl, then a roar, then
! increased to the volume of reverber-
ting thunder, and finally it was ire
iendous enough to silence all the bonn
ardments of Sebastopel. Perhaps Mr..
I'LL is repeating himself. His speech was