Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-07-05
CORPORATIONS.
Debate In the Senate on Taxing
Small Corporations.
Ehs House Got Into Series of Deadlocks
Over the New Mexico Statehood bill
More Hawaiian Correspond
ence Transmitted.

0uce 1Iau8mltt0us
WASHINGTON, June ss.-0nly eleven
senator's were in the chamber when
Vice President Stevenson raped TO or
der yesterday. Twenty minutes were
spent awaiting the appearance of a
quorum. A bill to amend the act pro-
viding for the time and place for hold
Ing terms Of the United States court in
the state Of Washington was passed.
The debate on the income tax pro-
visions Of the tariff bill was resumed.
The pending amendment was that of
20 Mr.-.Aalison t1~cxen,pt" corporations;
companies or associations having a
capital stock Of less than 800, 900, and
Mr.. Hill Immediately took the floor.
The theory Of this income tax, he said,
was that the incomes from Individual
investments, unless they exceeded
$1,000, should not be subject to the tax.
But no such limitations existed as to
corporations. He could see no reason
for the distinction. He thought some
amendments had been adopted that
would give small corporation the
same exemption granted to individuals.
Mr.. Vest, in reply to Mr.. Hill, said
that under the present system Of taxa
tion, the tariff system, the citizens
paid upon consumption. 1t was unjust
and unequal. The poor paid practical
ly as much as the rich. Property and
incomes, in his opinion, should pay for
the protection Of the government.
Why should taxes be levied not upon
the property but upon the wants of the
citizen? The $1,000 exemption to in
dividuals, whether the figure was the
correct one or not, was the amount
fixed as the cost Of living. Corpora
tions consumed nothing; they were en-
titled to no exemption, and should
have none.
Mr.. Vest thought the bill was pecu-
liarly just and considerate Of corpora
tions. If the rule that applied to indi-
viduals was to be applied for corpora
tions the exemption Of $4,000 should be
allowed corporations large and small.
Mr.. Smith offered the amendment OF
Mr.. Mcpherson, to exempt dividends
Of corporations to individuals not ex-
cecding $1,000 The amendment was
laid on the table. 81 to "a.
Mr.. Hill Immediately reoffered the
amendment reducing the dividends ex-
empt to $1,000. This amendment was
lost, 30 to 80.
Mr.. Hill modified the amendment SO
rs to exempt dividends not exceeding
$1,000; lost, 20 to 24
Mr.. Hoar offered an amendment to
exclude from the operation of the tax
joint stock companies whose members
receive as share of the profits less
than $4,000. Lost, 20 to 20.
Mr.. Hill again modified his former
amendment SO as to reduce the exenp-
ton to 1000. Lost, 20 to 80.
Mr.. Allison then said all attempts to
eliminate the injustice to small stock
holders in corporations having failed,
he would renew the amendment he Of
fered earlier in the day fixing limita-
tion upon the capital stock Of compa-
MES to be subjected to the tax. lie
modified the amendment, however, so
as to exempt corporations having a
capital stock of less than $4,000 in
stead Of 100000, Lost "a to 81.
Mr. Hoar offered his amendment to
exempt joint stock companies, corpor-
atoms and associations whose incomes
do not exceed $4,000. Lost--s4 to 40.
Mr.. Hill offered an amendment to the
end Of section 50 to exempt corpor-
ations created by the states which, by
the terms Of their incorporation, are
required to pay special tax on their
earnings, dividends and franchises to
the state, other than the general tax.
The amendment was deieated--25 to 80.
Mr.. Aldrich offered an amendment to
except savings banks organized on the
mutual plan, solely for the benefit Of
their depositors. 1t was accepted.
Mr.. Vest, In the same connection, Of
lered an amendment, which was agreed
10, exempting mutual savings banks
conducted for the benefit Of depositors
IN the state Of Delaware.
Mr.. PETER proposed an amendment,
which was lost, to strike out the ex-
emption made in the finance COM
mittee amendment to section 81, in
the case OF salaries Of state, county
and municipal officers.
Mr.. Hill moved to amend section 60,
TO provide for the inspection Of ac-
counts Of corporations subject to the
tax SO as to limit the time Of inspec-
ton to the period between March and
August |. After some further debate,
without action on Mr.. Hills amend
ment, the senate at 6;sO adjourned.
THE HOUSE.
WASHINGTON, June ss.-The house
got into series Of deadlocks over the
New Mexico statehood bill. The bone
Of contention was an amendment, orr
ginally proposed by Mr.. Smith (rep.),
Of Illinois, requiring the public schools
to teach the English language. The
consideration Of the bill was not con-
cluded at the hour Of adjournment.
| A cablegram from the French gov
ernment acknowledging the action Of
congress relative to the death Of Presi-
dent Carnot was laid before the house,
also a message from the president
transmitting the latest Hawaiian cor
respondence.
A resolution was adopted extending
the appropriations for the current fiscal
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