Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1894-01-27
IN CONGRESS.

IN NC-N''Ah A1h'A1s
Washington, d. c.. Jan. 1S.-ln the
senate nj the opening of the session
the presiding officer presented Il letter
from Senator Walthall tAIiss) ad-
yising the senate that he had for
wardcd his resignation to the governor
of Mississippi TO take effect the 24th
inst. The letter was placed on file.
Mr. Wulthalrs present term would
expire March Sd, 1895. but lie has
already been elected for another six
years. He resigns only the expired
portion Of the present term, and leaves
to the future the determination Of his
full term following
Mr.. PETER introduced a resolution
\ reGting the recent letter from the
secretary of the treasury asking
tenders Tor bonds, ana declaring the
secretary has no authority TO issue
bonds for ANY other purpose than
stated in the resumption act and that
in the opinion Of this body the secre-
tary has no authority for issuing or
selling bonds as proposed
Morgan and Daniel, both southern
democrats. took occasion to express
their disapproyal of the proposed bond
issue. The remarks of Vest, dem,
Of Missouri, on the election bin were
entertaining.
The senate adjourned until Mon
day next.
The time of the house was almost
/ entirely taken up with the tariff de
bate, speeches being made by McSsrs.
Johnson, Of Ohio Dalzell, of Pennsyl-
yania, Sibloy Of Pennsylvania. Me
! Kecghan of Nebraska, DeForcst. Of
Connecticut and Russell. Of Connect
/ cut
The new income tax bill provides that
the income tax IS To 20 into effect
January L, 1898, ana the first collcc-
/ ton on incomes is to be made July 1,
1896 All classes of incomes are iu-
Guided in the measure and a uniform
rate of y per cent. tax on incomes over
! $1,000 is fixed The most important
part of the bin is the method provided
+ for the lcvy ANA collection of taxes.
/ 1t is made obligatory on all persons
receiving individual incomes OF over
1 $3.50 10 make a return to the local
collector Of internal revenue. These
returns are TO be gone over by the
revenue collector and the tax list made
up Of those whose incomes exceed
$1,000 No tax is levied on those max
ing a return above $500 and under
$1,000 but the committee deemed it
eXpediont to put this margin mt $500
below The exemption point i'm order
that the returns might be sure TO show
all who are subject to the tax,
Washington. Jan. @0-In the house
today Heuderson's amendment substi-
tutiug the existing law for the agri-
cultural schedule of the Wilson bin
was defeated by a vote Of GO IN the
affirmative and 116 in the negative.
Messrs. McRae ldem), of Arkansas,
and Dockery (dem), Of Missouri, Of
fcred amendments to the sugar sched-
ule. which is to be considered Monday
Both amendments were similar in their
provisions and strike out the clause in
the Wilson bill providing for the
GIauual telu non OF the bounty on
sugar. instead, the bounty was TO be
wiped out ut one sweep and sugar
mode absolutely free. Both amend
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ID tne mouse Al'. NlcI''''' democrat
OIL Arhol,S''S' o'''teu "l ''li''i',lii'ea' 70
Iboilsh inc 7u-..L pouL'l. I'i iii- = On
me Ifee liS'- ne ln"u-1I u was no
uiht !" = Ply ~ ou'''I,lg9 /" -.,.n 1le
treasury Is o9l'hIupl ana BORROWING
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