Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1894-07-05

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: and it is limited that for use in the
I treasury judgment campaign holler
State Treasurer Hummer may be re-
I tanned as a living example of an hon
est democrat but otherwise the ticket
will be new one.
The late convention determined upon
by Mr.. Chairman Wall, the persistent
glOriticat ton Of Gov. Peck in Chairman
Wallis organs and the polite ignoring
of Cunningham and O'COnnOr when
the occasion does not seem to require
rapping of their knuckles, go to CON
firm the truth of the story to the minds
Of officials in Madison. When the first
step in the carrying out of the plan
is taken, there will be music. There
] has been plenty of subdued grumbling
at Boss Wall ever since the last legis-
lature and he is credited with having
deserted Milwaukee last spring to
avoid a defeat for himself and to pro-
mote his influence as a lobbyist in
Washington. The democrats here
about are not looking for much this
year, and they would tolerate Mr..
Wall as an associate in defeat with
considerable pleasure, but if he begins
Furnishing his opponents within his
own party at the state convention as
is now anticipated here, it is promised
that the contest of eleven guberna-
torial candidates in the republican
convention will be a quaker meeting in
harmony and peaceful quiet compared
To in 70
Gov. Peck.
TaX7Exempt Bondholders.
The proposed democrat tic income tax
pretendS to reach the mOnied class.
But it eXempts the principal monied
class of all, the holders of government
bonds. 1t cannot reach these. The
bill taxes the man who has a farm,
factory. a furnace. n store. mill.
shop, or any productive business of
any kind But it eXcmpts the gov
eminent bOndhOlderS. whose sole labor
i'll behalf Of their country is to collect
on the regular interest coupons
The bill taxes the holders of state
bonds; but eXempts the holders Of ma
tiOnal bonds. The latter are set apart
. by themselves as superior beings be
yond the reach of taxation. The bonds
of the state are Disseminated against
The bonds of the county. city and
school district are Disseminated
against. The government eXemptS its
own bonds from taxation. and then
steps in and collects taxes off the
bonds of the states, cities. counties
and school districts. The latter are
bound to suffer. The investing public
will be compelled to make an allow
ance for the government tax when
such bonds are purchased. This means
that the state. county. city. or school
district which issues bonds will in
directly have to stand the government
tax upon them. The tax will there
fore come ultimately out of the
pockets of the taxpayers.
Taxpayers who invest lin CONNER
cial and industrial enterprises which
contribute to the government tax will
accordingly have to contribute further
to meet the tax which falls upon the
school district. They will be doubly
taxed, while the holder of government
bonds goes exempt from all taxes, ma
tional, state, and local. The income
tax, instead of equalizing taxation.
acts in this respect to pile Increased
taxation upon those who are already
heavily taxed and to exempt those
ties will not be reached so far as re.
CARDS the inequalities which are now
most glaring.
Texas Heard From.
At meeting Of business men held
in San Angelo, Texas, on the 14th day
of June, it was
'ReSOved, l. That we, the business
men, wool growers, and citizens of
West Texas, in mass meeting assem-
bled ignoring party lines, solemnly
protest against the action of our SEN
atOrS and Representative in their I'M
just and unpatriotic discrimination
against the interest of their districts;
and be it further
Resolved. That we pledge ourselves
not to give our support. to any can
didate for congress from our district
who will not pledge himself to work
and vote for an adequate duty on wool
so long as the industries of other ma
tons are receiving the benefit of a
protective tariff: and be it further
Resolved, That a copy Of these reso-
lutions be wired our senators and
representatives in congress and that
the interests of our district demand
that they cast their vote for the Sher-
man amendment of 40 per cent. ad
valorem duty on wool, and copy Of
these resolutions also be wired the
San Antonio Express, the only daily
paper of Texas that holds the inter-
ests of our people above political die
tations."
1t is proper to say that the San An
tonic Express is a democratic news
paper, with no populist or republican
nonsense about it.
Indeed, so utterly opposed to the
populist demand for free silver, so
thoroughly in harmony with Senator
Hills gold standard policy, so alb
horrent of the income tax clause of
the Wilson bill, and so disguised with
the twaddle of the democratic leaders
is the Express that two days after the
passage of these resolutions it editori
ally said:
The Texas democracy has got to