The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-06-07
THE INCOME TAX.
Meeting of New York Business Men TO
Protest Against 1t.

Protest Against III.
NEW YORK, June 1.-The business
mems meeting in Carnegie music hall
today to protest against the income
tax feature of the proposed new tariff
bill was notable for the character Of
the audience, number and enthusiasm
of those who attended. The call was
signed by nearly 500 representatives
of the largest business interests of the
city. The platform WAS composed by
gentlemen we'll known in business
circles. Preparations have been made
TO accommodate the crowds that had
been expected, speakers having been
selected to address an Overlooking
meeting. The promoters waited for the
crowds to collect and the speaking
which was to begin at 8 O'Clock was
delayed for halt an hour. At that
time the auditorium contained about
1000 people.
Col A. M. Strong called the. meet
ing to order and nominated tor chair
man of the evening Vice President
Evan Thomas of tie Produce EX-
change, and for secretary Edward
O'DWyer of the Democratic club.
These were chosen.
Senator Hill wrote from Washing
ton: 81 regret that official engage
ments here will prevent my accept
ing your courteous invitation to be
present at the meeting of the business
men of New York, Friday evening, to
| - I'm In inn rnft inn IF
an income tax in the pending tariff
bill. need hardly assure you that L
heartily sympathise with the pur-
pose of your meeting. An income tax
feature has no proper, legitimate
place in tariff reform"
1t endangers and EN- barrasses All
honest, equitable revision OF our tar
if laws which was expected, ifn0t de-
sired by the citizens Of all parties.
The unfortunate effort to incorporate
it in the peudiDg measure has delay
cd disposition of the tariff bject aud
induced O surrender of nearly every
correct and consistent principle upon
which tariff reform measure should
be based,
at is clear that it would not be adj
opted by congress il members voted
according to their views, rather than
in pursuance of q dicker and con-
temptible compromise, tolerated
only as miserable make"
shift or excused only az a
temporary expedient. | am opposed
to compromises where questions OF
principles are involved. 1t is imma.
terial whether this scheme is popular
or unpopular everywhere. 1t taxes
the many for the benefit of few Of
the few tor the benefit of the many, il
is equally indefensive, vicious and I'M
reasonable.
GAS representative, citizen anc
partisan have opposed this income
tax fully from the start, l am oppos
ing it now and l shall continue my
opposition to the end"
Speeches were also made by Presi
dent Waldo Smith of the Wholesale
Grocers association, Prof L. Lewis, il
behalf of the insurance companies
and Louis Wingten of the Reform
club; Frederick Taylor, in behalf o
the bankers and brokers of Wal
street, John Townsend of the Bowery
savings bank, Chairman EvaI
Thomas and others, all in view o
earnest opposition to the income tax
In adding to the resolution drawn
up several days ago, memorialiZine
congress against the income tax pro
vision of the pending tariff bill, tn
following was adopted:
Resolved, That we call upon al
business associations and organiza
tions of the several cities of the Uniol
: 10 Organize without delay by mas
meetings similar to our own to voic
the sentiment of the great commercial
interests effected so ipjuriously by tn
proposed income tax law"
Secretary O'Dwyer said he had let
r tiers and kilograms from business me-
, all over the country.