The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-20


mental expenses. That objection was
made when ] was appointed but / ac-
/ cepted the appointment without any
i mental reservation. We must bow to the
/ edicts Of our party and must accept It's
/ verdict whenever II is expressed by q ma
/ lority Of il. members.
BELIEVES IN An INCOME TAX.
Pitt" he said, characterized the in
come tax in England as a great engine Of
finance. Great Britain collects 40 per
cent Of her revenue from a tax on in
comes. She raises 50 per cent. from eX-
else taxation on liquors and other luNu-
riss. England taxes liquor $500 a gallon.
Why should we not do that and let sugar
come In free, Why could We not
tax beer - barrel instead
Of 81 ana let sugar come in free We
spend S-15.GuO 600 year for sugar and as
7 learn, sos 0OlO coo only for -four In this
country we have taxed the poor man over
80 per cent under the Mckinley act on
the necessities of life and only 81 per cent.
was put on the Injuries.
The constitution of this state says
taxation shall be uniform upon all classes
of property according 70 value. Now. L
want to know why this principle should
not be applied to federal taxation
Under the Mckinley law the masses
Of the people We're called on 10
raise these millions of dollars they
were taxed on consumption. The army
and navy are supported for the benefit
and protection Of the people and Of prop
erty. Why should not the property Of
this country. the corporations which are
protected pay for the support of these
branches I am not inimical TO cOrpor-
aticns, but il is right and it ought to be
paid.
There is nothing socialistic about this
tax. IL is Just The wealth of the Couu-
try must ultimately bear its entire pro
portion of the support of the government.
/ believe the income tax is a just tax, and
that it has come to stay. Instead OF rails
ing S30,OOO000 the government should
raise from an income tax 500, zoo, coo an
nually. Property should contribute its
full share to the support of the govern
ment, and it is surprising that
these principles have not been
applied before. Half the wealth is
owned by 30,0O0of the people of the United
States, while the balance of the popula-
tiOn has been paying the tax for the coun-
try's support. If the party had done
nothing but inject this wedge into the Nc
kinley bill il would have deserved the I'M
dying gratitude Of the people.
NOT ENOUGH GOLD TO GO ROUND.
The financial question is one of the
burning issues OF the day. l never take
4
ind SO many men in the partyropposed to
the free coinage of silver il gives me
cause for serious reflection All demo-
Gratis will say they are blmetallistS, but
they will tell you we cannot have it alone.
This country took up arms alone and won
its independence. 1t seems strange
to me that it is not able to
adopt financial policy independent
OF other nations. There is not enough
gold in the world to buy one-third of the
railroads in the United States. There is
only g 500, 600, 900 of gold an the world Eng
land went TO gold basis because it was
to her interest to do so.
This gold business he said was Just
like two big men in the winter trying TO
sleep under a small blanket. That's what
Bismarck said. There's not enough of it
TO go round.
'lf we raised 5000, 600 bales Of cotton in
stead of SO00030 or 100000 cotton
would 20 up to 30 cents a pound, because
that is less than the world demands
There wouldn't be enough to 90 around.
Silver holds its own. Silver will buy as
much cotton or wheat to-day as it ever
did, but it's gold that's gone up From
1853 to 1879 the country was run on a
paper basis, basis of credit without
gold or silver"
MIR. Walsh then cited some statistics
showing the prices of cotton, wheat and
silver III different years since 1872 in order
TO show that il was not the purchasing
power of silver that had decreased but
that the value of gold had increased.
AN OUT AND OUT STAND.
Il myself would be in favor of the free
and unlimited coinage of silver, with or
without international agreement, but
with such Legislative safeguards as would
preserve the parity of the two metals.
The ratio now is is to J., and do not see
how there can be contention about what
the platform says, when the practice is
l6 to l. Let the minis be open to the
free coinage of silver and you win see
more paid for cotton, for corn, better
business conditions and the south will
loom up as the most inviting section of our
country "
Mr.. Walsh painted a glowing picture of
the possibilities before the south, and
especially of Georgia, contrasting it with
the west, and showing it to DE by far the
more desirable section. He deplored the
fact that land had been outlawed as cap
ltal by the determinations of the national
banking system He spoke of immigra-
tion as q power in building up country,
and said by bringing the right kind of
people into this section the ara BILE
lands of Georgia could be increased in
value TO Sl2 or SIS per acre where they
now scarcely Dflng -. Inc railroads OF
the west had, he said built up that sec
ton by carrying people there; the same
mission is before the railroads of the
south and they must lend a generous
hand to the development of this section
Georgia. he said, IS most desirable state
for settlement, and is good field for de-
velopmenJ and investment.
Mr.. Walsh dwelt upon the progress
that was before the south and said he
believed a grander development and a
more lasting prosperity waited its people
THE TEN PER CENT. TAX.
Senator Walsh said the 10 per cent. tax
on state bank issues was unconstitutional,
iniquitous and burdensome upon the peo-
pie. Not a dollar of revenue, he said, had
ever been collected from it, and its only
! object was to break down the system of
state banks in order to give the national
banking system full sway. He believed,
| ne said, that the federal government
would ultimately repeal it,
Senator Walsh referred briefly and
! humorously TO the third party There
| can never be any but the two great par
/ ties which have existed since the founda-
| tion of the government, he said the re
/ publican and democratic. He read a list
| of the fanatical bills which the populists
! have introduced in congress, showing
| that while the party poses as an economi
! cal one these bills, which never got
| beyond the committee room, contem-