New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-19

shut them out The Wilson bill, therefore will be
likely to furnish the dumping ground Tor larse
share OF the most worthless shoddy goous oil hu-
But. as IL IT were not enough to cripple the home
market OF the farmer this blind-eyed tarin Diil
bv which farmers and others secured for their
products a broader and valuable market abroad.
The sudden and spenec abrogation Of all these
arrangements with foreign nations cannot fan 10
shock their good will and seriously aHront our o""
people.
THE CONSUMER DOES NOT PAY THESE DUTIES.
Free-traders perversely claim that all duties paid
on imported manufactures are always PAID by Inc
consumers. They forget how greatly the enormous
competition Of nine thousand millions OF American
products in our own and other markets must have
reduced the prices of manufactures throughout the
world; and the claim is also refued by our own
experience which shows that every article that has
received any stable tariff protection has been perma-
nently and largely reduced in price TO consumers.
This can be proven by citing examples Of wholesale
prices very Unfortunately, as follows: -, -
cents WoiR IN lss nSl WiltCn Carpets in yard
bushe 26 cents in 1891. Solar salt in lS1. 81 per
barrel of 2s0 pounds; "a cents in 1891 Cut nails N
Cocheco prints in 1862 10 cents per yard; 1891,
cents per yard. sheetings Az Iawrence IN ~
refining. a}s cents in ISL. and rs cents in 1891.
The appearance here in the United states Goa
ding IN ms b unheraided BY the platform
Of either Of the great parties Of the country ana
Old World ogarches in distress. must be reckoned
bunder of unusual magnitude even ior 4
the excuse OF the overaXed European nations soreiy
burdened by enormous lmperia. armies ana r9ya
of raising with all the past experience IN
its favor, was INADEQUATE and must be suRflseied
subjects of Germany. England. Austria and Italy
have been not uncomplainingly, compelled to sub
the party whose dominance 1t expected will cease
{, which
hunt for revenue I'll the vacuum to be created
If more revenue. instead OF less had been desired.
and not the erection Of deficit solely 10 make
room for an unequal income tax: more would nave
been easily obtainable from a light duty on some
Of the articles in the long list now free. or by an
increase Of tax on malt liquors ana that without
the addition OF a dime to the cost of collection.
UNJUST APPLICATION OF AN INCOME TAX.
Any income tax. like the one here proposed, which
fixes the tax at in its application to all
persons is manifestly unjust. That derived from
rent OF houses always needing annual repairs.
should be less than that land; that derived from
labor, less than that upon real property that from
silver mines. less than that from more stable coal
mines. and that from professional men. wholly De
pendent on their health less than that upon brew
ers and dstillers. To make things equal some
discrimination must be made. =.
Pitt introduced the income tax during me Nd-
poleonic War Arer the peace IL was I,'rh'eu, OF
the ground that IT ought to be exclusively reserved
for times or war ana wnen reimIosea IN ISl- IL W
John Lubbock in The North American Review"
quotes Mr.. Gladstone as having stated llOuSn the
tax IAN engine of gigantic power for great
national purposes, there We're "crcumsiances at
tending its operation which make II dmcult per
haps Impossible. at any rate not desirable TO
maintain it as a portion of the permanent and or
The poor excuse for an income tax now Is that
precedent has been found for IL In that frst en-
were copied then. now from the British statutes.
but then only tolerated by in CONSEQUENCE OF the
In 1862 the income reported in a general
revenue bill by the Committee on Ways and Means
be less defensibie than any other portion Of the
bin, but being for the maintenance Of the Inion II
was supported by a rOusing loyal majority. al
though fourteen negative votes were recorded ana
% h@n9s MT and Mr. Pend
The income tax now proposed in the Democratic
tariff bill includes the dividends Of banks insur-
ance railroad, manufacturing and gas companies
together with al business Institutions, whether in
interest or dividends snail be paid or accrue.
much. in these institutions is to escape Tax there
on The men, women and children who by rub
bing and scrubbing industry. have become the
possible semi-annusl dividend has been earned, vii!
by national income tax. that they have been sub
jected TO heartess and indefensible Injustice Even
the farmers who in their towns have dubbed to-
gether to establish town creameries viii find their
dividends are to be taxed
CORPORATIONS NOT OWNED BY TIE RICH
Our country is dotted all with institutions
essential the general welfare whore the capital
contributed by those in moderate or humble ctr
cumstances to aid local prosperity. and who are
anxious to have some little savings treasured mp
to meet old age and all the vicissitndes Of human
life But this Democratic income tax boldly grabs
each one of these helpless parties and snatcnes
husband has left her an income Of go, in the stock
and no tax upon her. VIII she beieye II; No; Pc;
she might warn him 10 beware OF the fate OF that
ancient liar, AnanaS
The stockholders Of the great Pennsylvania Rail
road number 1865 and yet 26 GSi OF this number
ceive in per annual dividends less than $1,000
each from the company; but all will be subject 10
the Lehieh Valley Company is sol Only twenty
two OF these receive in their customary per cent
limited holdings there are 1850 women. or more
than half of the whole company. These are exam
other corporations Of the victims selected 10y this
grossly UNEQUAL income tax ... ..o. -. ,.ou,.
The bald assumption therefore that me income
tail to the tarin bill would impose a tax merely
having less than 5000 IS rckeiy pretense or
rather robust fraud. Instead OF only touching
persons with the income Of $1,000 over. il would
beyond all question sinite a greater multitude hav-
ing less than even $l,CO.
year including senator RepTcsentatives aad Others
receiving salaries from the Government, came TO
lonely architects Of the income appendix 70 the
Democratic tariff BILL they carefully provided for
come in excess Of 5000 or "the amount Of income
received from institutions or corporations whose
Of the dividends interest. gain, profits and income
made by such institutions" and except that
portion of the salary pay received for services
in the civil. military. naval or other service Of
the United States. including Senators. Representa-
tives and Delegates in Congress. from which the
tax has been deducted
Those with large incomes are thus to be scrupu
lousy shielded from injustice. while those of less
wealth less dignity. If they have been so stupid
or so ignorant % Democratic finance and malice
10 invest their small fortunes in any bank 9th
corporation, Will have TO pay TO the nttermCst /
farthing without any deductions. 80 incomes Of /
anybody from such wicked sources except the 5000
ones are to nave Democratic charity forgive
ness The small fish are TO be caught in an income
net from which the big fish cen leap out. The
Widows mite well the sole income OF the
orphan Is TO be diminished by the Government OF
&c 900 people heretofore claimed 10 b the most
prosperous Of the world
DOUBLE TAXATION.
The income taY b. by It's proposed seZnre Of |