The times. [volume] (Richmond, Va.) 1890-1903, 1894-08-25

and at last has triumphed during this
administration. II has repealed the law
authorizing the President to levy and
remit taxes. i cannot conceive OF a sur
render or a great .preroSative more dan
gerOus and objectionable than this. We
denounced 10 at the time IN this hall.
We went forth 70 the people and de-
Houuccd it. We pledged them ln our plat
form that n intrusted with power We
would Wrest this ancient right from the
President. 10 whom IL had been imprOp-
crly surrendered. ana give IL back TO
the people, representatives. We have
now kept tho promise.
This CONGRESS has also authorized the
States TO tax greenbacks and other United
States currency. IOr years the eXemp-
ton of these has been Il crying ill. Tie
law authorizing the issue Of greenbacks
and the treasury warrants under the
Sherman act exempted them from State,
county. and municipal taxation. Hun
drCds of millions thereby escaped all
taxation individuals escaped il by hav-
ius their funds in bank nOminally in
vested I'm creenhacks or United States
treasury warrants on he day for assess
mcut Banks accomplished the same
object in the same way. so doubt can
exist that i'm some banks the United
States treasury warrants were placed 10
the credit Of more than one individual
on the day for assessment To escape
municipal and state taxes.
"lt IS also charged that certain hanks
ly changing their Trcas-ry warrant de-
posts from one 10 the other. 10 suit
the differing days for assessment exist
ing i'm different states. All this e. stop
ped now. Under the bin introduced ard
passed by the gentleman from Indiana
OR. Cooper an United States currency
heretofore escaping taxation VIII be
reached hy the taN-gatherer. and the
country owes him a debt of gratitude for
his patriotic cXerti0n.'
Mr. NcNHlin next reviews the reduc-
tl0ns of appropriations heretofore set
forth by Representative Savers Of the
Appropriation Committee. lie then con
tinucs.
1T has passed the most stringent law
against trusts ever enacted IN this cOun-
try. At the same time the Attorney-Gen
eral has instituted pro eeding in the
courts 60 try 20 dissolve Illegal trusts
THE amendment offered by the Senator
from Alabama Cir. MOrgan carries into
law the most effective means ever vet
20 yer Of trusts. 4 law against them was
passed last Congress. but IL dealt with
Che question in way SD mild and qfu-
errir that il has not been found sufH-
cent 10 crush these combinations that
llNe been fOstered under prCloctiou
The Democratic party was pledtpd to
the enactment of more stringent loefsla-
non against trusts. II has kent this plelgo
'l.l f.,.. olltIS this as us fulhilmcnt il has
lnalEsfated an income tax thereby
taxing taxes off want and putting them
ON wealth. IL is true The senate amend
NehtS nave SOmeN hat CHANGED This faa-
iure ~ The bill. and have released some
t1dt ought 10 have h,.p taxed. sfilI ~
remains "a great benefit 10 the American
people. II found the Treasury l4nlr1irt
ana by tho tariff bin g. not only r.nlen-
lshlnf IT, but ii is m the same tlm..
greatly reducing taxes"
Mr. McMnin then reviews the r.,4,I oe
'"e Hhrruau silver purchase law and
sHts an elaborate summary ~ the tariff