The state republican. (Jefferson City, Mo.) 1871-1896, 1894-07-05
THE TARIFF BILL.

judges from the operation of the
income tax. Mr.. Hill at once pro-
posed that the salary of the President
of the United States be also ex-
empted. Turning to Mr. Vest, he
said that the present occupant of
the White House was a citizen of
his tHill's) state, and that therefore
he felt justified in making the re-
quest. Mr.. Vest smiled, and looked
hard at Mr.. Hill, as if suspecting
him of perpetrating a joke. Seeing,
however, that the New York senator
said that as il would likely be a
long time before another citizen
of New York was called to the
presidency he felt like accepting
Mr.. HIPS proposition. This was
fair shot, and Mr.. Hill joined in
the laughter that followed. AS quick
as flash, however, he retorted
tSj anu IL lut ldNullbu mere
proposed is kept up, it will be
long time before a democrat from
any quarter occupies the White
| House,
Mr.. Vest in turn acknowledged the
corn by smiling and bowing and
then accepted Mr.. Hills amend
ment. The incident put the senate
in great good humor. Mr.. Hills
manner throughout was entirely
serious, but the longer the senators
contemplated the fact of his moving
to exempt Mr.. Cleveland's salary
from assessment under the income
tax the more exquisite appeared
the irony of the performance, and
their appreciation of the hit was
undisguised. The galleries applauded.
Mr.. Hill had filed the stage from
the beginning of the discussion.
Taking the floor at 1890, he had
spoken for two hours in reply to the
speeches made yesterday in advocacy
New York against the attacks of Mr. |
Allen, and then turning the tables
on that senator, he had scored the
populist administrations in Colorado
and Kansas. He had spoken with
fire and emphasis, but conscious all
along that his words would not affect
the situation in the senate.
When the time came for voting
Mr.. Vest withdrew the amendment
he offered yesterday lowering the
exemption sum to $4,000. He gave
no reason for this action, but it was
understood to have grown out of |
serious objection on the democratic |
side of the chamber.
Mr.. Hill then began, according to
the notice he had already given. to |
take the sense of the ssnate ON the |
question of lowering the exemption |
figure. He first proposed $1,000. !
and this was rejected by vote of Is |
to AZ.
\ proposition for 81 900 was lost |
by vote of 2G to rs, and one for
50, 800 by a vote of 25 to 38. Then
Mr.. Hill offered the amendment for
$4,000, which Mr.. Vest had Just
withdrawn. But the democrats
would not permit Mr.. Hill to shape
in any way section of the bill
towards which he was so inimical,
and the amendment was rejected by
vote of 30 to 3S.
Mr.. Sherman inquired whether any
estimates had been made as to the
probable yield of revenue from this
tax. Mr.. Vest replied that the gem
eral estimate was $50, ZOO, 900, but he
did not believe any accurate estimate
could be made.
Mr.. Sherman thought property of
less than 100000 would exempt its
owner from the income tax on his
profits under the 81 900 limit lie
would be surprised If it yielded
$40, 900, 600 or Sl5, 900, 900. 1t would
be a discrimination against very
small proportion of the people. He
predicted that ii would be the most
unproductiye tax ever levied in this
country.
Mr.. Hill then moved that the in
terest on United States bonds lex
cepted by the provisions of the bill
be subject to the imposition of the
income tax. Mr.. Vest called atten-
ton to the statute of 1870 exempting
United State bonds from taxation
(principal and INTEREST,". In the
debate on the amendment which
followed Mr.. Hoar said that the
advent to power of the democratic
party and its representatives., the
senators from Missouri (Vest) Texas
(Mills), and Arkansas (Jones) who
were trying to put through this tariff
bill had been more disastrous to the
country in a pecuniary sense than
the four years of civil war.
FOlCES OF ANIMALS.