The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-01-24

The Condition of the National Banks Oh
Maine-Another Issue of Bonds Inevit-
able.
Washington, January 23.-The returns of
the condition of eighty-three national banks
of Maine show loans and discounts of ST.
Is, ,oOo lawful money reserve. 81. .44s.o 600. gold
Ss23, 600, individual deposits Sl3,7S9,oO0
Average reserve 90. 90 per cent.
Gold to the amount Of Sl.7Oo.O00.
of which $l,0o0, ,000s was for Il. export.
was withdrawn from the ~ New York.
sub-treasury today. This: reduces the
gold reserve to S66. .00O.s
A cabinet officer said this afternoon that
another proposal inviting bids for bonds
would certainly be issued in the absence of
action by Congress. To what point the gold
reserve will be allowed to decline before the
third bond issue will be made. was matter
of discretion solely and must naturally be
decided by circumstances.
INCOME TAX MAY BE COLLECTED.
Judge Hagner Rendered Decision On the
Application for an Injunction.
Washington, January 23-Gudge Hagner in
giving decision on the income tax held
that there was practically no duplication of
tax on dividends of corporations. 1t is not
possible to avoid duplicate taxation in every
case. He held that the contention that the
tax was unjust because it taxed only in
comes over a certain amount fell within the
discretion given Congress by the Constitu-
tion. and was beyond the control of judicial
authority. The claim that tax was uncon-s
stjtutienal because aliens are included in
If. the court said was of benefit rather than
detriment to the complainant, and did not
suppIy a grievance calling for an in
iunction. AS to the fifth and last speeifica-
tion. Judge HagneI held that the ASSESS
ments are TO pe made upon incomes earned
and received prior to the date of the act
taking effect. Judge Hagner also held that
a claimant had right to recover taxes
Illegally collected, and also held that the
courts were without authority to grant an
Injunction in such case as this because of
tho nrovision in the Revised Statutes that
ssno suit for the purpose of restraining the
assessment OF collection of any tax may be
maintained in any court"
Counsel for the plaintiff announced his
intention to submit an amended bill asking
for an Injunction. The suit was the appli-
"a tion of John G. Moore of New York, for
an Injunction to restrain the collection of
the income tax.
Republican Caucus.
Washington, January 23.-Republicans of
the Senate issued a call for a party caucus
Friday morning in the room of Mr.. Sher--
man. Various matters will be considered.
among them the probable effort on the part
of the Democrats to admit the territories of
New Mexico. Arizona and Oklahama to
statehood.
Presidential Nominations.
Washington, January 23.-The President
today sent to the Senate the names of J.
Eupene Jarnigan of South Carolina to be
limited States consul at Ruatan, Honduras.
$40. 200 More for the Maine Coast.
Warrington, January 23.-Seoretary La
mont sent to the House today the reports Of
the engineer corps on river Improvement as
follows: For Georges river. Maine, from
Tbomaston to the mouth. The Improvement
is recommended and estimated to cost $780,
To Prevent Reelection,
Washington, January 23.-The House COM
mittee on the election of President and Vice
President, today ordered Mr. Donovan to
make fla vorab report on Mr.. Bryan's
Joint resolution to amend the Constitution
so that after January, 1898, no person once
elected to the presidency shall be eligible to
election to that Office to succeed himself.
Cruisers will Sail Under Sealed Orders.
Vallejo. California, January 28.-An order
was received from the Navy Department TO
Immediately prepare the cruisers Ranger
and Alert for sea. and the ooallng and pro-
visioning of these vessels is being rapidly
pushed. 1t is stated that both vessels will
put to sea Thursday under sealed ord. rs.
The cruiser Boston is also being rushed.