The record-union., 1894-06-28
Senators Still Wrangling Over the
Income Tax
DEADLOCK IN THE HOUSE OVER
NEW MEXICO STATEHOOD.
The British Bark Salina Meets With a
Rough Experience In the Arctic
Reglons-Driven With Great Force
Through Icy Seas, and Surrounded
by Immense Icebergs, She Finally
Arrives at Philadelphia Without
Damage.
Damage
Special to the REcoRD-US1oN.

WASHINGTON, June 27.-The Senate to-
day passed the bill to amend the Act pro-
viding for the time and place for holding
terms of the United States Court in the
State of Washington.
The debate on the income tax provis-
ions of the tariff bill was resumed. The
pending amendment was that of Allison
to exempt corporations, companies or
associations having capital stock of less
than 100000.
Hill took the floor. The theory of the
income tax, he said. exempted from tax
alton individual investments unless they
exceeded $4,000, but no such limitations
existed as to corporations. He could see
no reason for distinction. He thought
some amendment should be adopted that
would give small corporations the same
exemption granted to individuals.
Vest. in reply, said under the present
tariff system citizens paid upon consump-
ton, 1t was unjust and unequal. The
poor paid practically as much as the rich.
Property and incomes, in his opinion,
should pay for the protection of the Gov
ernment. "Why should taxes not be
levied upon the property but upon the
wants of the citizen" asked Vest. 1.-THE
S4, 600 exemption to individuals, whether
the figure was the correct one or not, was
the amount fixed as the cost of living.
Corporations consumed nothing. They
were entitled to no exemption, and
should have none" Vest thought that the
bill was peculiarly just and considerate of
corporations. If the rule that applied
to individuals was to be applied to COR
porations, the exemption of 81, 900 should
be allowed and corporations exempted.
Vest modified his amendment so as to
exempt corporations whose capital and
surplus did not exceed 100000, the cost
OF insurance, etc., of any man or trading
company to be considered in estimating
expenses.
Allison finally decided to withdraw his
amendment altogether.
Several amendments were offered ex-
empting corporations. joint stock COM
panies and other associations, but they
were each in turn lost.
Richardson offered a bill to exempt
savings banks organized on the mutual
plan solely for the benefit of their de-
positors. 1t was adopted.
Vest in the same connection offered an
amendment, which was agreed to, ex-
empting mutual savings banks con-
Quoted for the benefit of depositors in the
State of Delaware.
Hill moved to amend Section 90 to pro-
vide for the inspection of accoS2&ts of in
corporations subject to the tax, so as to
limit the time of INSPECTION to the period
between March 1st and August 1st.
After some further debate, without ac-
ton on Hips amendment, the Senate a.
$50 adjourned.
IN THE HOUSE.
WASHINGTON, June 27.-The House
got into series of deadlocks over the
New Mexico Statehood bill. The bill
under consideration was an amendment
originally proposed by Smith (Rep.) of
Illinois, requiring the public schools to
Jeach the English language.
The consideration of the bill was not
concluded at the hour of adjournment.
A cablegram from the French Govern
ment, acknowledging the resolutions re-
garding the death of President Carnot,
was laid before the House. Also the
latest correspondence on the Hawaiian
question was transmitted from the Presi-
dent.
On motion of Wilson of Washington,
the joint resolution was passed calling on
the Secretary of War for information in
regard to the harbor at Everett, WASH,
for the purpose Of making fresh water
harbor.
The bill giving the Brainerd and North
Minnesota Railroad right of way
through the Leech Lake Indian Reserya-
ton was passed.
At $40 the House adjourned.