The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-12


We must wait uutiE the elcs.sfs roll
by she said. and suppose in some fss-
iare time ttss prospects Of tire party Will
revive.
Hill said the election was a con ienana-
uou or the income tax y condemnation
OF the WfisoR-Gorman-B Brace- Smith hiii. az
Whatever bill il was: q condemnation of
ear legislation og lase summer. and he
Ikought the less said about il NJ this
Time the better. Further on Hin SPOKE
OF tae statement from President Ciaye-
ias.3 in his famous Wilson letter, in
which he told the country how he ieare-
Gated the income tax. ard he sFisln dia
net think it probable that the president
"oaiia disarpraya Of its repeal Il con-
gTess should see lit to repeal 1t.
When Hill concluded I,uboss began
sseeca on the income tax bill. which
dFtfsed into silver. and went on to state
she position Of the silver men i'm the
senate on the currency question AS 10
TIE income tax, he said, il should be
either eEfofced or wiped out. Speaking
more particularly Of the currency prob
lem, ne said: Taking the statements of
oosn sides 10 the controversy. the can-
ciasion would seem 10 be that. income tax
or no income tax, there Is TO De no ner-
uaaiaeni prosperity and no relief from the
distress which the country is in. so long
as the present laws remain unchanged.
The silver senators. SO called, insisted
all through the debate over the repesi of
the Sherman act that unless ether tissn.
ciai legislation took the place of the
Sherman act, dire distress would come.
The distinguished senator from Indiana
Noorheesl said during thai debate that
fidanciai legislation would not stop with
the repeal. ha, that repeal would be sgp-
piementei By legislation In behalf Of
silver. Other distinguished advocates oil
repeal stated the same thing Well. Mr..
PRESIDENT. We have been waiting fifteen
months for this proposed legislation. hat,
nothing has been Offered. The longer ws
wait the worse or the coaassry gets, II
does not take much Of a financier on
adept IN ngures to arrive at the concla-
ssen that we can't redeem $latJnSa
with sie.aosot9. OF course I do not asi.
nit: in fact, insist tha; the government
Is under no OBLIGATION 10 redeem this vol.
nIle Of paper money with gold, but ths,
Administrations has insisted and ssill in.
sists that no matter what sort of note or
what Is written on IL. II must be paid iii
gold sf It's owner demands gold There
have been TWO bend issues OF $4,000 a4s)
each. Gold has been withdrawn from iiln
banks TO buy these bonds. As soon as the
gold reached the treasury Ii commenced
to dwindle away, being exchanged for
the various paper notes which we're pre-
scented for payment. This process can
and viii gu on just as long as the gov-
ernment issues bonds and resieems it's
paper with gold. The only resait Is TO
burden ahe people with an increasing in
tersst-bearins debt. Any scheme which
proposes 10 enlarge the currency without
bnoaasning the basis OF money Of ulti-
mate redemption will certainly add To our
complications. That has been The chief
fault with all the b.las for the reforina-
ton Of our currency system whish have
been formulated UP 10 this time during
tls2s session of congress. sincerely be-
heve four-fiffhs Of the members of this
body conscientiously believe there will
be no permanent prosperity in this coun-
try until the basis OF our currency is
DroaAenei. / believe they will be giai
TO witness the return 10 the free and nn-
limited coinage OF silver as well as gold.
a great many senators on this fioor
think majority. are fully convinced thar
there can be no substantial relief without
unlimited coinage OF silver. and il Is my
impression that no financial bill viii pass
the senate ait any rate which does not
fully recognize silver The folly Of make
shift legislation, enacted only 10 be re-
psaled. has fully demonstrated this IL
were better 70 continue as We are. with
tho gold standard and all ef it's neees-
sary and attendant evils. than TO resort
TO any more experiments I'm that isne We
are threatened that If tlse present cur
rency laws remain unchanged the coun-
try viii he upon a lower basis. Perhaps
This is true. / am somewhat inclined 10
believe 1t IL. This prospect. however. has
no ferrors for the silver advocates. They
are contending for both gold and silver.
ard. 10 cfloose between the two. would
greatly prefer silver. This. ut any rate,
Is the position which I would wish Ia
rake. and In doing 80 | would ne serving
the best interests Of the entire country.
in my judgment"
Quay moved to postpone the further
consideration Of the hill and amendments
uutii February I. 1t was the duty cf coli-
gresz u exert all rs power 10 nrcyen1 Ire
cgAliectkpn Of the income tax. II believe"
he said. at is the highest privilege OF ttn
minority Of this chamber 20 prevent the
carrying out OF this. the h!gsse~t crime
ssf the criminal tariff ae<s placed q. ,te
statute bonks by the inst sessson of this
sf'screfitef congress"
AT fhe conclusion OF .quay's remarks.
his nscsson was defeated. 70 ie. Mr.. opay
requesting the yea and nay vote. ard
HiIi not voting.
ssferraxs said he hal listened wA h
pleasure 10 dgii.s spaec'i aSsd agreed wiih
fgsri In the main fsa; the lsscouse Tax wsts
snqlissseFsaI aITt untast. and that = per-
haps ought 10 be repealed. He dla rSt
agree with ffsn. however. IN snppa@iFg
that she Amendments offered by him Bapt
requisite t4 order 10 give c4tizen fite
right 80 sue Ia TIRE courts il he eorssfasriet
tine tax unjust or unconstitutional. HE
thought every citizen had the uBquessiasa-
able rsgsas to raise ftse qpestsfs1 by SUIT
at law st1 are courts Sarrfean arguizi
against the right of the sen@te 10 origin
afe the question OF collection Of faxgx.
THE house Of representatives was supreme
on tE.st subject. ff the law is bad. IL iss
sase law. and cnTsgFees wsS bounf 30 FUR
sssss tie money necessary to carry tiza
law isfso effect The hest way 20 reform
the law was 90 enforce VI. Tf the senate
fassesf 20 appropriate the n4oEfey nece8-
sss~y 70 carry the iaw into effs9a r. fa4ASi
70 IA ia dry II WAS a violation 81 fsse
ezsFazs fsu3ion 70 attempt - change fhr rs-
es.sst 4arin. T'ssye Was M jas 4ls-sgsasss In
wsfhagssd.ng TIE appropriation Such s.
eoafas was destructive Of forrss Of gesls-
s.sslexyx