Rock Island Argus., 1895-07-01
IT WON'T Do,
tgeid's View Of the Repub-
lican Financial Exhibit.
IsTs THAT THERE Is A DEFICIT,

fThat the EAtimatss OF State Revenue
fom the Inheritance and Corporation
sxss Are Too uicb-0oss,p ON the Col
Flight for . Currency Convention
1issouri-Caustic Exchanges.
INGFIELD. Ills, July 1.-Referrins
claim Of the Republican members
legislature that there Is no def.
in the money provisions for meet
20 appropriations made, Governor
said: Il bclieve that when the
lccond thought strikes the members
legislature they will at least pass
egislation as will enable us to raise
money in the next two years to
he appropriations which they them
have made. In their caucus report
laid that the state would receive
100 during tho next two years
khe new inheritance tax law. but
III SEQ tho absurdity Of this when
PIP to think that tho law does not
fleet until July ], and therefore
apply to cases In which death
ter that time; that inasmuch as
he laws Of Illinois claims or
a be proved mp against an estate
me during two years nfter the
II letters Of administration 1t
possible to tell whether there
.thing left Of an estate until
siter IN xpiratioa Of two years; conse.
qnently thing could go to the hoirs
~ nj TO 81
time, ana ~ the tax applies only to the
that goes to the heirs after
tho dcbts arc paid, 1t Is clear that the
stoto cannot expect to receive a dollar
from that source during the next two
yeays. ,ss- All
Nay - ns1a Unconstitutional.
"FurthcS ! zee from newspapers that
- euprcrno court OF Ohio has held SIM
Flaw 20 b unconstitutional. have
~ seen tho decision Of the court. and
save oals the newspaper report Of it It
claimed that che Ohio constitution u
innilaf &c ours, aud that therefore there
5 > possibility Of this law being held 70
70 unconstitutional here Even it it
hould - sustained, 1t Is certain now,
= - -v<sS VA4tO ooS4oiOu, tuut tilo COustltVs
ionality Of the law will be tested In the
ours, and it usually takes several years
o do that. 20 that no matter from what
the subject is viewed 1t Is cer-
ain tqat the state cssn get no revenue
rom thnt source during tho next two
'earn ConssqucntIy the 81, 0)o. 900 which
he Repu alican caucus counted on getting
rom chat source will have to be raised in
'oIue oth manner.
ITO Cooperation Foes.
again, according co the caucus report
hey expected TO raise t600, COO out of the
ecs paid into the secretary of states office
'ver and above the fec which that office
las been collecting SO far, while a most
estimate could not bring
hose increased fees mp to S.00.OO. Dur
ng the last two years it has cost Sg5 TO
organize cdfpoeeion. Under the new
aw 1t will probablyk kcost on an average
100, tho exact amodhk depending on the
Imount Of stock. heretofore corpora
ions have been organized freely because
{ cost SO little. In the future that will
lot be the case. Now If We were to a..
ume that there will be 1,COO now incuSl
formed during tho next two
'ears 1t would mako only $780, 600 in foes
md only s75.O .OOO moro than tho same
lumborOf corporations paid last yeakoo
t Is clear that no large amount otx
viii be derived from that souro e
hat tho revenue which tho cauG 6x.
,ec,cJ 20 get In this way must u 1sed
n sorrIB oEhor manner"