Waterbury evening Democrat., 1894-06-28
HAVE REACHED THE END
Senators Are About Through
With the Income Tax.
MIR. HILLS AMENDMENTS OPPOSED.

journed-ReadyF For the Final Vote-Do-
ings In the House.
WASHINGTON, June 2s.-The senate has
reached the last section of the income tax
provision of the tariff bill. The debate as
o whole was dull. 1t pertained mostly to
series of amendments offered by Mr..
Hill, Mr.. Aldrich and Others all of which
were voted down, looking to the exemp-
tion of small stockholders whose dividends
from corporate investments did not ex-
coed 81, 600.
just before adjournment section &C. di-
recting corporations to keep books show
ing their receipts and expenditures and
authorizing the inspection of books and
papers by collectors of internal revenue
and their deputies, was reached.
This was the signal for a very violent
assault from Mr.. Gray (Dem., Del }, Mr.
Aldrich (Rep., r. 1. }, Mr.. Hill and 9th
ers The section promises to furnish ma
terial for q good deal of discussion.
The general impression seem to be,
however, that the bill will be completed
in committee of the whole today and re-
ported to the senate, in which event the
managers of the bill confidently hope to
pass the bill on Saturday.
The uncertain element in the situation
is the resolution passed by the house to
continue the past appropriations in force
for 10 days after July l. If tho Republic
ans desire, they can use this resolution as
a bluff for the rest of the week. as it must
be passed before July 1 in order to con-
tinue the machinery of government in
operation.
Mr.. Hills Amendment.
Mr.. Hill offered an amendment to the
end of section SO to exempt corporations
created by the states which by the terms
of their incorporation are required to pay
a special tax on their earnings
A very important question was present
ed by this amendment, Mr. Hill said in
support of it. This exemption should be
made. AS q lawyer, as well as a senator,
he maintained the broad proposition that
the federal government had no right to
tax the means by which the state secures
the revenue necessary to carry on the ma.
chinery of the state. New York received
$4,000, 900 annually from such special cor
porations.
If the state and federal governments
both attempted to levy a tax on the in
comes of such corporations, conflict OF
authority would Immediately follow. Mr..
Hill said he would like to hear some rea-
son why his amendment should not be
adopted. His only answer was q chorus OF
calls for vote. The amendment was lost
-25 to 80.
Denounced by MI. Aldrich.
Mr.. Aldrich offered an amendment tc
except savings banks organized on the
mutual plan solely for the benefit of theit
depositors. 1t was accepted.
Mr.. Vest offered an amendment which
was agreed to, exempting mutual savings
banks conducted for the benefit of depos-
itors in the state of Delaware.
Mr.. PETER proposed an amendment to
exempt the salaries of state, county and
municipal officers. 1t was lost.
Mr.. Hill moved to amend section 90, to
provide for the inspection of accounts of
corporations subject to the tax, to
limit the time of inspection to the period
between March / and Aug. l.
Mr.. Aldrich characterized this section
as the most odious and outrageous piece
of legislation over proposed by this or any
other congress. No government, monar-
chical or otherwise would dare to enact
such provision of law.
1t proposed to throw open the private
books of every corporation to the scrutiny
of the governments army of treasury
agents. 1t permitted the government to
send its agents into the counting room
and there to examine the secret accounts
of tho corporations 1t was true these
agents were prohibited from giving out
the information they obtained, but what
did prohibition amount to-?
Mr.. Vest in reply said he could not &C
count for this sudden patriotic eruption OF
Mr.. Aldrich except by the near approach
of the Fourth of July.
He did not see. any reason why every
corporation doing business honestly should
object to having its books examined to al
low government officials to see how much
they honestly owed the government
He asserted that all these phantoms OF
unreasonable search and seizure were be
ing conjurcd up to defeat this income tax
provision. After some further debate,
without acting on the amendment of Mr.
Hill, the senate adjourned.
Deadlock In the House.
The house got into u series of deadlocks
over the New Mexico statehood hill Tho