Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-04-10


approaching monetary panic. He con-
vened Congress six months later wnen
the panic was subsiding. which should
have been averted.
at IA feared that this Congress does
not kcenly appreciate the awful devasta-
ton which the financial cyclone OF last
summer has inflicted upon the business
interests OF our country. IL has made
havoc Of our prosperity. private ana pup
Ito. II has diminished all domestic ana
interstate trade until n NTH OF our rail-
road mileage Is In the hands OF receivers
and all our banks are gorged with money
unemployed. II struck down by hundreds
the captains OF our industry, who have
been won't to organize profitable enter
prise. borrow capital. and lead the great
army OF labor.
This Is no time for partisan reproaches.
however just. This Senate Is nearly
equally politically divided. and II II appa-
rent that II prompt remedial legislation
II expected. then radicalism in any direc-
ton must be discarded. The extreme fea-
lures OF the Mckinley bill must be eradi-
Gated. but patriotism alike demands that
extremes in the opposite direction must
also be avoided.
INCOME-TAX.
OF the Wilson bill he said. IN the face OF
the protestatio Of private industries, and
In the presence OF such paralysis OF all
general business as the Treasury deficit
attests and prolongs. this bill was framed
by It's authors. and az passed by the
House sought to double the deficit by dis.
carding customs-revenue and TO fill the
void with an income-tax.
Against such scheme-unnecessary
ill-timed. and mischicvous-suddenly
sprung upon the country In the hour OF its
IN nd
socis listic in it's tendencies-I enter the
protest OF the people OF the State OF New
York. They utterly dissent from any pro-
posal to get revenue for the general gov
eminent by taxing incomes. Their dissent
Is practically unanimous and altogether
implacable."
This proposed tax II not advocated "a a
temporary expedent: there is no lmita.
ton fixed to its duration. but II Is boldly
proposed Is permanent policy OF thu
government; its determinations heartily
approved, and It's ill-concealed sectionalism
unblushingly excused.
The Ways and Means Committee OF tho
House. az well az the House itself, and
the Senate Finance Committee refused Ia
fix definite term for the continuance OF
this tax. 1T Is clear that It was not de-
signed for temporary relief, but if ones
enacted viii stand like every other por-
issue which we are TO meet IL indirect
versus direct taxation.
He proceeded to declare his belief that
the complete substitution Of Internal. d.
rect. or income-taxes for tarlf taxes
would prove utterly ruinous TO the bust
ness interests Of this country under eX-
istIng conditions abroad. and that a par
tial substitution at this time would be pro-
portionately disastrous.
let me be understood" he added. Not
one dollar OF tariff taxation should be i'm
posed, except what IL necessary for the
needs OF the government economically adj
minstered but whatever those needs are,
the necessary revenues therefor should be
supplied from tariff taxation and that
alone, save and except the taxes upon
liquors. Oleomargarine. and tobacco. 10
which the country has long been ac-
Customed. and which. for obvious rea-
sons need not be disturbed. No Ameri-
can statesman Of rank except Mr.. Cleve-
land" he said. had ever advocated an
incume-tax SINCE the war experience
made manifest how generally odlous 1t
was.
A DEMOCRATIC FEATURE.
Concluding. he said: "Mr. President, this
Is an important crisis in the history OF
the Democratic party. The failure of
tariff revision at this time means the de-
feat. the decentralization. II not the division
and humiliation. Of our party. Moreover,
IL means as We believe, injury to the best
interests of the country. Let those who
insist upon injecting into this bill this
odious and un-Democratic feature of an
income-tax-a relic OF war legislation
pause and reflect upon the possible con-
sequences of their understandable de-
mands.
"They should realize that 1t means the
loss Of the control of this Senate. now
nearly equally divided between the two
great parties and II means the loss Of
the next House of Representatives; it
means the loss of the electoral votes of
New York. New Jersey. Connecticut, and
probably every northern State: and, fin
ally. il means the loss of the next presl-
dency and all that it implies. They
should recOllect that this incOme-tax fea-
ture is justly regarded in New York and
i'm many other northern states as
scheme OF spoliation and an unwarranted
sectional attack upon their citizens or
means.
They should consider whether there IL
anything about an ncome-tax so sacred.
so desirable so popular. so just. and so de-
fensible that it's maintenance Is worth
the risk which they are precpitating.
dema nds then made upon the Demo
cratic party to which IL could not honor
ably accede: demands which led to our
division and defeat; let them remember
the triumphs of our opponents. the civil
war that followed. the devastation, the
suffering. the humiliation which ensued,
the military and carpet-bag governments.
which hourished. the force bills which
threatened, and all the incidents of the
terrible years which darkened our party's
and our country's history from 1860 10
1884. when. through wiser councils. mode
rate action. conciliatory methods. and re-
stored confidence we were entrusted with
power again: and, rejecting upon all
these things. let them say whether 1t Is
the part of wisdom. by the inslstence.
upon extreme demands. to mperil the
success Of our party again and thereby
retard the progress, diminish the glory.
and endanger the best and highest In
terests Of our common country"
House Of Representatives.
There were but few members of the
House present to-day when the session
began. and in five minutes the miscellane-
GUS business had been disposed Of
BY unanimous consent. the pending mo
ton 10 discharge the order Of arrest of
March "a was laid over until tomorrow.
and the House took up District OF Column
bia business.
Bills local to the District occupied the
entire session, nothing else being brought
up for action.
As the House adjourned. at 5I5 p NJ,
the official call OF Mr.. Holman for n
Democratic caucus tomorrow night for
the consideration OF financial measures.
was read by the clerk.
BIG FIRE IN lYNCHBURC.