New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-12
KNOWN BUSINESS MEN say.


LEGISLATION PRoPosED-wfIAT WE'LL
KNOWN BUSINESS MEN say.
The Chamber Of Commerce held a special meeting
yesterday for the purpose of considering tne pro,
posed income tax. There were nearly ""''' "a
members present and there was only one us
seu,lng voice in the vote the resolutions con-
demning the income tax. william c. Lee was the
man VII, opposed the resolution. j. larsen
Rbo,d.s president Of the Greenwich savings banh'
brought the matter before the meeting py nun
ducing the following preamble ana res9lu'io s r. an,
Whereas In the opinion of the Chamber 81 'om-
mere Of the state of New-York, the proposal 10
impose income tax Is uh"ls"' "'P'''''
unjust for the following reasons ,,,,. do,,or-
l. Experience during our late war Ln.S a,I
stratel that an income tax was lnlulI"os al ,',
nLions IA our neope and only tolerated as a war
measure. and was abrOSatcd py .r,,,ittoi
az soon as the condition OF the couhtI; sj,,
> Experienre has also shown that IT Is expensive
to put in operation, that 1t cannot ~ id'
lected and is an unjust distribution OF lne pu' &
Of taxation: it lerds to evasion OF the la" anu
promotes lying and perjury .. ,,,,,tor slooo ia
3 The proposal to exempt Incomes undet $t,Vo -
pureIy class legislation. which is socialstic ana
vcioils IN It's tendency. and contrary - tnc N""'
lions and principles OF republican government
n 1hn '' cbamber recognizes that It Is the duty
Of Congress to provide for thr "Ap's'S o' w ~, ~
eminent by appropriate legislation; pnt 'neey , o.
evp without distinction OF party mes ana Hre-
spective of their individual views ana opinions ~ 10
revenue tax now in force the necessary expenses
Of the Government should he collected throuGh me
custom House, and that the tariff bill now p.tore
Congress should b. adjusted to this end Therefore,
Resolved. That the Senators and Representatives.
mues,ed strenuousv 70 oppose all attempts to re-
impose an income tax upon the peopl" OF thls
country
MIR CAxNON's EARNEST WORDS.
Henry w Cannon president of the Chase Ma
tional Bank seconded the resolution, ana spoke
earnestly against the imposition Of an income tax
He said I'm part:
Now it seems perfectly clear 10 business men
assembled together to consider the affairs 2t "ni
..F fh. t.t,KslT
unfair to collect an unusual tax Tor Il temporary
deficit Of this kind in the revenues OF our ''oyetn
rnenf and IL seems mo that in ADDITION L" al Tie
other arguments that nave been made against an
tax this IS the yrnsPa arF aF n n nr
States should not temporarily borrow n2h'y u
make good temporary tehGt "sirc ia,. amonnt
II our Government debt In advance 81 us inatur.y
and met everything As 1t matured Lhel" rs ano,nrr
hai,s1 we should borrow money at this time rather
,ban u,oit for the collection Of any tax. our Treas
una" s an in a drpI1rab. condition We have only
scvcnty-three millions u gold - 40 huslh, III
lection OF taxes. II scems - me that II - nc
clear duty Of the Government L. borrow none II
an, shorf-.ircn bonds under existing laws, and
put a sufficient amount OF go'd III ~, ii''s ny
AZ. uest duo and 70 provide for the ordinary an
nual expenses q the Government As say an. am
opposed to nm income tax because It IS an unusual
tax: It Is not at ali necessary to nave our p.'pr
hurened b. tax for Of tF best Interest Of his Cow
eminent. AprlausrJ
WHY not TAX "BACHEIOHs?"
I.onls Windmull-r said that there could b" no tax
,,r. contrary 10 the spirit 81 American equality and
f,irn.ss The Internal revenue officers. L. said.
estimated tina; there are only 10000 persons in the
l.nli,l states with an Income Of 5000 or over
,chlch woull not be exempt BY the propos-i law
lie thought n would be- faror ana better politics 10
lax every bachelor at so much head IN tnls way
he Government could raise more money am en-
muller concluded hy recOmme ning that the chamber
,ct In conjunction with all other commercial bodies
throughout the country.
q waldo Smith opposed the tax because II was
ci,sq legislation \ Foster Higgins spoke I'm favor
4 the resolution. saying that the people Of tho
country ere always willing 10 pay their snare "
tho xpcnscs Of the Government without distinction
such ns would be- mad" hy the collection Of an In
come tax The preamble and resolution. with several
imrnaterial changes. were passed. Some OF those
who vtr~ present were Henry Hentz. Morris X
Icsup 4; Waldo smith. J. Edward simmons, John
Jacob Astor. William &. Lee Thomas Kutt"r. James
Il Colgate. stephen VI. Carey. Edward Corning and
Jacob II. Schin.