The herald., 1895-05-22
Opinions Regarding the Effect
Upon Revenue
SENATOR MORGAN SPEAKS
No Probability or Need of an Extra
Session
Comfortably Well Off Without the
Income Tax Receipts
Associated Press Special Wire


WASHINGTON, May 2l.-The income
tax decision. It's effect upon the revenues
and the probabilities of an extra session
OF congress to provide means for supply
ing the deficit. were the chief subjects OF
discussion in official and political circles
today.
Senator Morgan of Alabama, one OF the
ablest constitutional lawyers in the SEN
ate, said today that the decision leaves
the taxing powers of the government in
a state OF wreck. 1t will require a long
time for us to gather up the fragments.
Principles of taxation which were consid-
cred we'll settled aie torn up by this de-
cision.
"How will the question come up in the
senate?''
I'm connection with the question OF re-
funding the $75, 900 already collected and
the refundine of the cotton, whisky, beer
and tobacco taxes. All these taxes are as
much direct as the tax on personally and
as unconstitutional according to yester-
day $ decision of the supreme court
What can congress do?'
"Of course replied Senator Morgan
congress will have to accept the de-
tuition is always possible"
Senator Faulkner of West Virginia sa id
he thought there was no danger OF an ex-
ira session and no earthly chance for one.
lie added:
Even with this loss of income there is
comfortable condition of the treasury. 1t
has today S90 900. 600 surplus in addition
to the gold reserve and | am sure that
will be sufficient to last until the meeting
of congress. The county will not suffer
so much from q lack of legislation as it
would from session Of congress-.
Members OF the administration who ar
undoubtedly fully acquainted with the
presidents views aud purposes, state un-
hesitatingly that an extra session of con-
gress is out of the question. Nor is there
the least likelihood of another bond
issue. The treasury has now n balance
of over $lS6. 600 900 which is availsb bic for
all purposes, and this amount is more
likely to be increased than diminished
during the next three months.
1t is argued that the approaching fruit
canning season is certain to make a
largely increased demand for sugar,
which. owing to the samll supply on
hand, must be imported. The revenues
from this source are confidently expected
to reach several millions. and this. added
to the large amounts, which will soon
begin to come in with renewed liquor
licenses, will largely augment the reve-
nues, even should the customs not meet
present expectations.
All licenses expire on June 30th each
year, and judging from last years reve-
nues. the receipts this year from this
source will exceed $4,000, 900, which must
be paid within the next forty days. In
the meantime the expenditures will be
kept down to the lowest point consistent
with good business principles.
Commis issioner Miller of the internal
revenue bureau will dismiss at once
every unnecessary person in connection
with the income tax at the earliest possi-
BILE moment, and as soon as the returns
can be classified and tabulated so that the
amount to he refunded to each person
who has paid his tax, is made apparent,
the bureau will be closed.