Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-06-22
THE NATIONAL CAPITAL.
Senator Teller Eloquently Supported
the Income Tax Feature Of
the Tariff Bill.
Calls Savory Socks-Doubt Whether
the House will Agree to the
Senate Sugar Schedule
Free Coinage Move.

Washington, June 22.-No agreement
has yet been reached by the senate ways
and means committee concerning the
stand which the house is to take on the
sugar schedule of the tariff bill. 1t is be-
lieved, however, that the struggle between
the senate and house on this schedule will
be desperate with the possibility of long
deadlock between the houses. The Will
son bill, as it left the house, contained no
sugar schedule, as the tax On raw and re-
fined sugars was struck out and the
bounty was abolished outright. The SEN
ate schedule, therefore, is the only sugar
proposition to 60 to the conference COM
mittee, and the first issue between the
houses will be on the question of reject
ing the senate schedule entirely and thus
returning to the house the original form OF
the bill, which contained no sugar schedule.
If one or the other side does not yield on
this issue the next step will be to frame a
compromise.
TO-DAY's SENATE.
Quite number of bills passed in the
senate before the consideration of the
tariff bill was resumed in the senate TO-
day. The house bill to incor porate the
supreme lodge of the Knights of Pythias,
reported favorably by Senator Faulkner,
immediately passed.
When the tariff bill was laid before the
senate
SENATOR KYLE TOOK THE FLOOR.
Senator Kyle proceeded with general
argument favoring the income tax, dwell
ing on the decline of farm values in the
west and the gradual concentration of
wealth in the hands of the few. He argued
that the protective system had been re-
sponsible for the concentration of wealth
in the hands of the few and that it was
just and equitable that the few should
bear share of the burden of taxation,
which their wealth made them able to
bear.
While Senator Kyle was speaking
Senator Call, of Florida,
RATHER SHOCKED THE SPECTATORS
in the gallery by taking off his shoes and
elevatlng pair of large blue stockings
to neighboring desk. He gently agi-
tated the superheated atmosphere with a
large palm leaf fan and seemed to succeed
in making himself fairly comfortable.
At the conclusion of Senator Kyle's
speech Senator Vest offered four addition
al amendments to the income tax sec.
tions. The most important reduced the
exemption from $4,000 to $4,000 and e1-
empted from the operation of the tax
the building and loan associations max
ing loans only to their shareholders
Another provides that in reckoning the
profits of corporations for taxation the
actual operating expenses, losses and in
terests shall be deducted.
Senator Vests amendment provided
that mutual life insurance companies
shall not be required to pay an income
tax upon sums repaid to policy holders
The amendment also provides thai
charitable, benevolent and other societies
shall not be subj ject to the operations oi
the tax, nor any insurance company OIL
association, which conducts all its busi-
ness solely upon
THE MUTUAL PLAN
nor any of the benefits of it's policy hold
ers or members nor the part of the business
of any insurance company having capi-
tai stock and its shareholders which IL
conducted on the mutual PLAZA separate
from the stock plan of insurance and
solely for the benefit of policy holders
and the members insured on said mutual
plan and holding all property belonging
to and derived therefrom in trust and
reserved for the benefit of the policy
holders and members insured on said
mutual plan.
SENATOR TELLER TALKS TO THE POINT.
Senator Teller supported the income
tax proposition. He quoted from the
utterances of some leaders of the Repub.
lican party, past and present, who advo.
Gated the income tax. Among the num-
Der was Oliver P. Morton, who had char.
acterized it as the most just and equita.
BILE of all taxes. He added that Senator
Sherman had eulogized it as had Senator
Morril, of Vermont.
"That was during the war;" interrupted
Senator Morrill,, sit was imposed as a
var measure"
II stand by it now" replied Mr.. Teller
"for substantial reasons"
~ don't think it was an equitable tai
when it was proposed nor defend it ever
as war tax" said Mr.. Morrill,.
To-DAY's HOUSE.
Immediately upon convening the hous'
went into committee of the whole on th'
anti-option bill of Mr.. Hatch, of Missouri
The house in committee of the Who'll,
to-day, by vote of 81 to n, adopted tn,
amendment offered by Representative
G. w. Stone, of Pennsylvania, exemptinl
thirty day options from the provisions o
the bill. This was an unex pected defea
by Mr.. Hatch and others and IL aimed t,
create confusion. Mr.. Hatch says tn
amendment, if adopted, will destroy tn
bill.
The bill was read by sections 70
amendments and Mr.. Aldrich, of Illinois
offered one
INSERTING FLOUR
in the list Of agricultural products affecte