Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-03-09
RAW MATERIALS
Look Like an Issue Between
House and Senate.
SHALL THEY BEFREE Or DUT1ABLE2

Men Who Favor Protection Win Their
Fight Before the Senate Sub-Finance
Committce-Iron Ore, Bituminous Coal.
and Sugar to Pay n Tax-The Income
Tax Retained, but Some Changes Made
in the Method OF Collcction-whisly.
WASHINGTON, March 9.-The tariff bill
Is before the full senate finance committee,
the subcommittee having completed its
work. As it stands now the bill is more
of IA bill for protection than it was when
it came from the house. The free raw
material" principle has been knocked out
so far as iron ore, coal and lead are con-
cerned and sugar is taxed from one cent
to IA cents per pound according to quail
ty. The income tax feature is left in the
bill, but some changes are made in the
administration of the clause. The senate
billmakes the collectors of internal revenue
the officers in charge of the collection of
income taxes instead OF the deputy col
lectors, as provided in the Wilson bill.
The right of appeal against imposition of
unjust taxes is retained, but the final de-
cisiOn rests with the commissioner of in
ternal revenue, and not with the secretary
OF the treasury as provided in the house
bill.
More Exceptions to the Tax.
The order in which banks, trusts and in
surance companies are taxed is somewhat
changed, all Of these institutions being
included under general heads instead of
separately. The following new exception
to the tax is inserted: provided that div
ldends or interest accruing to states, coun-
ties or municipalities and dividends, in
terest or annuities accruing to corpora
tions or associations organized and
conducted solely for charitable, religious
or educational purposes, or to any trustee
or other hduciary on stocks, shares, funds
or securities held solely for charitable, re-
ligious or educational purposes, or salaries
due to state, county CT municipal officers
shall not be subject to such tax or deduc
ton"
Employees to Pay Their Own Taxes.
In taxing salaries of employees of corpora
| tions the house bill makes it the duty of
| the corporation to pay the tax of each en-
ploye and then deduct it from their sal
aries. The senate bill relieves corporations
from becoming the taxpayers for en-
plOyeS and compels the latter to make di-
rect payments to the collector. The time
when returns on income t,yes are made ;s
changed from the first day of March to
the first Monday" of March, The entire
section requiring private corporations to
notify revenue collectors of ali dividends
profits. etc. declared. is stricken ont This
does not relieve the corporations from the
tax but does AWAY with the burden of no
tjfyinp the collector every time dividends
O. profits are divided. The section ,,ak;pp
II neriurv m falsifv anr nrocoo5;,,o, -
tba income INV ;s s;r;cron ~. "Au'i
Change I'm m. yXh,.,v C,.u
Whisky came in for come cb,nc.s a
one of them was the bonded ner;oJ IN
section changing the handing ner;od 10 nc
| follows. "Tba, tho ,ox barn;r ;,,,,o,od
sba,l he maid bv III. d;st;I,or ~ tha -,
on or before renewal frn,,, ~. d;s,iun iii
or ni.ce Of storona &C.,. =, o.aa.tS
n,oroi ,berafror, Is a,',hor;..d ~. 81. .ne le
mnon sn;rits I.,rfn,I,, Janns;,.5 =, aw an an
,;,lar,. ,'.arah",,sa ~ - 800 nS us