New-York tribune., 1894-06-23
HILL in FIGHTING MOOD
He HAS woRDY WARS WITH BOTH ALLEN
AND HARRIS.
THE FINANCE COMMITTEE MAKES MORE CON
CEssIoNs"-THE LIMIT OF EXEMPTION FROM
THE INCOME TAX REDUCED TO 5000
CORPORATE DEBTS ALSO TO
BE EXEMPTED
BE EXEMPTED
lsY TELEGRAPH TO THE TRIBuSK]

CORPORATE DEBTS ALSO TO
BE EXEMPTED.
tsY TELEGRAPH TRIBuSK]
Washington. June Pin spite OF an intense
and swelterfng heat which at times made the
atmosphere In the Senate chamber wholly un-
bearable. the fgh; against the income tax was
renewed to-day with unfiagging energy by Mr.
Hill and the Republican Senators who oppose
the enactment Of this unnecessary and wholly
sectional scheme of taxation The Populistc
and Democratic supporters of the tax were
drawn into the discussion as II progressed. and
nearly ten hours were consumed in speech-mak-
ing without any appreciabe progress on the
text Of the tariff bill Mr.. Harris refused to let
the Senate adjourn usual at 6 p. m. and b.
came involved as the result in heated personal
colloory with Mr.. Hi. In which the New Yorker
angrfly characterized Mr. Harrass denial OF the
request for an adjournment as an exhibition on
tennessee plantation manners" The testy par
,,amentarv conductor OF the tariff bill retorted
with great asperity that Mr.. HilI's manners bore
the stamp Of the Bowery.
After this pleasant exchange of compliments,
Mr. Hi began datory speech in which he
frankly accused Mr. Harris of being the sole
cause OF all the delay which the Tariff bill bad
so far encountered, since, as a member OF the
Senate Committee on Rules he had refused
steadily 10 vote to report any one OF the res0iu-
lions for closure introduced at this session
Meanwhile, the bare quorum recorded at D
O'clock had hopeless,y dissipated. and MT Harris
a little after p m, was forced to surrender
once more to "the inevitable" and allow an ad-
,tournment The friction caused by thls en-
counter between the parliamentary conductor
Of the bill and Its chief opponent on the Demo-
cratic side may have the effect of retarding
the success Of Mr.. Harrs's hopeful programme
q, final action In the Committee Of the Whole
before adjournment.
TO REPLY TO INCOME TAKERS.
ur Hill announced this evening that he IN
tended 20 reply to number OF the arguments
made to-day in suppor OF the income TAX Dy
Messrs Kyle Allen. Teller and Jarvis and as
there are stin probably seventy-five to one hum
dred separate amendments 10 the section TO be
disposed Of. Mr. Harris will be lucky II he can
An,sh With the income tax alone at to-morrow's
SESSION
The versatile and caprcious "reformers' who
have charge Of the bill sprang new sensation
on the Senate this afternoon by reporting num-
Der Of additional amendments 70 the income tax
scheme two OF which at least are TO be viewed
in the light OF fresh concessions, yielded under
external pressure. As was pointed out IN these
dispatches several weeks ago. Mr.. Vests re
wise" Of the income-tax section imposed In the
case OF all corporations tax OF per cent on
the net profits above ordinary operating eX-
penses no allowance being made for deduc-
ton from the taxable profits OF the enormous
fixed charges of many Of these corporations. 1t
was at once seen by the railroads and other
great corporations Of the country that under the
proposed law they would have to pay 2 per
cent tax not only on their real profits, but on
the vast sums Of money annually expended by
them in meeting interest on bonds and other
fxed obligations. The railroads were especially
alarmed about the blow aimed at them by this
reckless attempt'to collect tax. not on earnings,
but on debts and vigorous pressure has been
brought 10 bear recently on the Finance Com
mittee 20 exempt all fixed charges from the 2
Der cent tax
The committee held out until this morning
when this very important "conc ession'-in IT.
self notable confession Of gross bundering on
Mr.. Vests part--was tardily made public by the
Missouri Senator. The other very significant
Surrender the reduction of the limit of ex-
emption from taxation to $4,000. This "conces-
SION was apparently a sop thrown to the Popu-
lists TO hold their votes for the income FAX sch teme
as II now stands and to prevent If possible the
adoption Of the 81 900 limit of exemption urged by
Mr.. PETER. the substitution Of which for the
$4,000 limit would threaten the failure Of the en-
tire bill
SEVERAL DAYS OF STRUGGLE LEFT
II is thought that but two or three days Of
next week will be required TO end the consdera-
. ton Of the Tariff bill after 1t emerges from the
Committee Of the Whole into the Senate. The
sugar fight will be reopened as well as that
the wool duties. but debate is not likely TO be
greatly protracted on either schedule. The prof.
ect for the further amendment Of the sugar
schedule has not yet been passed upon by the
Democratic members Of the Finance Committee.
but Senator Jones. who has charge IF the sched-
uie expresses himself as favorable to the pro-
viso heretofore printed for a remission of the
proposed one-tenth of a cent additional duty
sugar imported from countries granting sugar
bounty 10 importers who elect not to accept
that bounty, and also to an amendment prOvid-
ing that the sugar schedule shall go into effect
upon the passage Of the bill. and that the bounty
shall continue in part until the 1st OF next Janu
NJ ary, but shall be abated up to that time to the
extent Of the protection afforded the sugar
growers by the new 40 per cent duty.
e.. THE PROCEEDINGS IN DETAIL
Washington, June Z-After the passage cf several
minor bills. including that making the first Monday
.n September OF every year labor Day. legal
holiday the Senate at 1890 O'Clock. took UP the
Tariff bill the question being on the income tax
sections
An argument IN favor Of the principle of an In
come tax was made by Mr.. Kyle Pop. s. d.
Mr.. Vest O)em MOI behalf OF the Finance
Committee presented a substitute for the amend
ments heretofore offered IN relation to mutual in
and benefit associations: also an amend
ment reducing the exemption from $4,000 to 5000
year; also amendment for the reduction in the
assessment of banks railroads and other corpora
tons Of the actual operating expenses interest
bonded debt and losses"
Mr. Hale Gaep. Me) inquired sarcasticafy
whether this latter amendment surrender to
the railroad corporations.
1T covers all corporations" Mr. Vest answered