The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-13
THEY WOULD LIKE IT
TELLER THINKS THE INCOME TAX
LAW NEEDS ONLY A TRIAL.

But His Subject Leads Him to Silver and
He Taunts as towards Those Who ART
Waiting to See What Europe Will Do
Mr.. Lodge Brings the Administration tc
, Book for Trumping Up a Currency Bug
aboo to Divert Attention From
islation.
Washington, Jan. 1.-THE senate gal
leries were fairly well filed today in
anticipation Of a speech by Senator
German on the currency question, in
/ which it was thought he would propose
some solution of the problem from the
senate stanpoint. When the routine
proceedings were out of the way Cock
rel called up the urgency deficiency bill
The presiding officer Explained the parli-
amentary situation coming over from
yesterday. Mr.. Hill had offered an
amendment to the item appropriating
funds for the collection of the income
tax, SO that the legality OF the tax
would be retired to the courts. The
chair had ruled out the amendment on
point Of order. Mr.. Hill had ap-
pealed from the decision Of the chair
and Dir. Morgan had moved to lay the
appeal on the table.
In order to permit Senators to fur
ther discuss the income tax, Mr.. Nor
gan agreed to withdraw his motion
and this postponed the vote on Mr..
Hills appeal. Mr.. Teller, Rep. Colo.)
then addressed the senate in support of
the consequence of the income tax. He
pointed to the large treasury deficits
which had been temporarily met by
bond issues. The gold supply was
down to $4,000, 900 and was rapidly dis
appearing. ANY proposition to do
away with the income tax therefore
should be accompanied by plan to
raise the revenues which the govern
ment required. Teller gave it as his
opinion that the income tax would be-
come permanent even though II was
limited to five years by the present law
He believed it was such an equitable
tax that the people would insist upon
its continuance.
LIMIT TO IMPORT DUTIES.
Import duties could not be put so
high as to entirely keep out goods.
And without these high duties there
was certain to be a deficit in revenues.
1t was essential therefore that some
middle course should be adopted and
the income tax was the most just
means Of taking this course.
Mr.. Teller spoke caustically Of the
scheme of banking coming from the
treasury department" He referred TO
the current reports that the bill had
been jotted off in thirty minutes to
stenographer. 81 wish to show all due
respect to this BILL" said Mr.. Teller,
coming as it does from such high sour
ces, but if it came from any PopuliSt,
it would be branded as the heighth of
lunacy." The senator argued that it
was time the executive authorities
stopped what he characterized as fran
tic demonstrations of fright.
Mr.. Teller examined in detail the BIZ
metallic system of France under which
that country now enjoyed absolute
tranquility.
Senator Hawley Rep. Comm at this
point INTERCEPTED narrati tive of his own
personal experience in Paris on the
night before France raised the vast
sum to pay its war indemnity to Ger
many.
Mr.. Teller argued at length to prove
the low prices of agriculture products
today was the direct result Of the de-
Of silver, first by Ger
many then by the United States and
lastly by the Latin union. In every
country which had kept its minis open
to silver. prices of staple products had
absolutely stable during the
last % years. He cited as Illustrations
of that fact, India, Mexico, China and
Japan.
JUST WAITING ON EUROPE.
1t has been charged, he said. that
those who were III favor of bimetallism
were not in favor of sound money. But
If sound money was to be preserved he
warned the senate it would be pre-
served through the efforts of the So
called silver men. If the gold basis was
insisted upon il would be found too mar
row and the time would come when an
overissue of paper money could not be
resisted. He described the growth or
socialism and anarchy in this country
since the demonstration of silver; the
bitterness that had grown up between
classes. This condition had been pro-
duced by legislation.
Are we uow?' he asked, "to admit
that we have neither the wit nor wis
dom to undo what we have done?
Although his side was not charged
with the responsibility for the present
situa ton, he for one, would join with
his political adversarieS in any scheme
Of relief that appealed to his judgment
senate of the United States confronted
with such a situation supinely waiting
to see what Europe would do. IL was
deplora bic and disgraceful y change
Of administrati ton was voted out or pow
er and he believed that 1t deserved de-
feat. Last fall the people had over
thrown the Democratic control in the
house because the Democratic party
had shown itself inca able Of dealing
10 orphla-Y1 before If
POPULISTS NO GOOD.
AS for the Populist party he did not
believe it ever would be party of pow
n and therefore he believed it would
leVolve on either the Republican or
Democratic party to solve the problem
eventually when the pressure OF the
people would at last force logical &C
ion on this monetary problem. Any
scheme to secure his vote must be III
inc with what he believed TO be its So
luton.
Mr.. Teller closed with an eloquent ap-
pal to those on the other sde Of the
chamber to present a solution Of the
existing problem which would not sur
render silver. II should be no make |
shift, no temporary eNpedient, but 1t
should be ample TO avert a crisis more |
dangerous TO the American people than ,
EVER of war.
Mr. Lodge Rep.. Mass) spoke Of the !
ianger of arrestinS appropriations /
and thus killing law by stagnation. |
BE did not therefore approve Of re- |
using the appropriation necessary to !
execute the income tax. The imposi- |
ion Of direct income tax was the nee |
sssary result Of abandoning the pro- |
ective policy Of indirect taxes. He re- |
erred 10 the present cry for currency |
egislation as a move intended 10 cover |
% the most dismal failure in tariff /
egisla ton the country had ever seen. !
l'he first step 10 take TO overcome the |
Of 10 Il