Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-04-06

OF d1nary revenues of the government will
ir crease from this time on. and in a
volume sufficient to meet all normal de-
mands. The commissioner of internal rev.
enue senS word that the immense quantity
OF whisky that was withdrawn from bond
before the imposition Of the additional In
ternal revenue will soon be exhausted and
the receipts from this source will be large
ly Increased. The receipts from sugar will
also begin 70 increase this month, and the
import duties on general merchandise are
said to promise a gratifying showing.
The Star reporters informant said that
no fear need be entertained of even the
necessity Of dipping into the gold reserve
for the means of meeting current expenses,
and added that this assurance in itself
should be an additional source of gratifi-
cation and confidence in the financial out
look. He said the prophesies that the
treasury will find itself deficient of neces-
sary revenue in case the income tax re-
ceipts should be cut off are entirely un-
warranted. and have no basis of fact.
All efforts to secure from members of the
Supreme Court either authoritative con-
firmation or denial Of the truth Of the Chi
cago Tribune publication proved unavail-
Ing.
Senator Voorhees, Opinion.
Senator VOORHEES,. chairman of the finance
committee, when told of the publication to-
day, said: TT may be that portion Of the
law may not be sustained. I consider there
Is possibility of such result, but do
not know anything about it and I do not
believe that any one outside the court
knows anything about 1t. But he contin-
ued. suppose it should be true that the
portion of the law in regard to rents and
municipal bonds should prove to be, in the
opinion of the court. unconstitutional. the
law will not be materially impaired. 1t
will still AFFORD an immense revenue. The
estimates which have been made are en-
tirely too low on the revenue which would
be derived from the law as a whole. In
stead of its yielding from fifteen to thirty
millions. you will see that it will yield fifty.
seventy-fve or even hundred millions Of
revenue
Senator Harris of the finance committee
declined to discuss the question at all, as
did Senator Jones of Arkansas. who
though still sick. has returned to Washing
ton to close out little public business.
A Populist View.
Senator PETER, populist, expressed the
opinion that if the incomes from rents and
bonds should be eliminated the efficiency
of the law would be materially crippled
Leaving out of consideration the ques-
ton of the tax on bonds" he said. "the
rent item Is most important one, when
We consider that one-thrd of the farmers
in the country are renters; that 80 per cent
of the entire population of the country
at large and Il per cent Of the people liv-
Ing in cities of over 100000 population are
also thus classed. and that in New York
city the percentage of renters is 81. Such
decision would result in a great spread of
populism.'
The Court in Consultation.
The court is In consultation today, as
usual on Saturdays, but it cannot be learn
ed whether the income tax opinion has
been prepared or will be handed down on
Monday.
The Loss of Revenue.
Treasury officials are visibly disturbed by
the report that the Supreme Court has de-
cided that the taxing of incomes from
rentals Is unconstitutional inasmuch as it
was estimated that the collection on that
special account would be ons Of the lead
irg sources of revenue. The total estimat-
ed revenue from the tax on incomes was
between S;i0,OOO,0OO and S::5.OO0,OOO per an
mum. EXempting land rentals from taxa
tiCn will necessitate material reduction
of this estimate, roughly placed by some
as high as s1o,W0.OOO.
Secretary Carlisle and Commissioner
Miller refused to discuss the matter today
in advance of the official announcement of
the courts decision. and it is said that
they are inclined to doubt the statement
that the court has decided against tax
on rentals. No special estimate had been
made with respect to that particular item,
so it is extremely difficult to predict the
effect of it's exemption from taxation. 1t
is admitted, however, that it is i'm
portant feature of the law, and if removed
will greatly reduce the revenue from in
Genes.