The times. [volume] (Richmond, Va.) 1890-1903, 1895-04-09
INVALID In Two DETAILS.

the result OF the case. and discussed the
effect OF the decision.
II am naturally gratihed." said Senator
HILL "at the decision OF the court oy
vote OF six TO two, on two Important
questions involved in the act. They are
both questions / had carefully conslderen
and vigorously pressed in the senate
among other objections to the law. for
myself have never had any doubt tnat
the tax imposed by the ircome-tax law
"a a direct tax IN all its features, ana
hence an unconstitutional tax. The opin-
ions OF Justices Fuller and Field are very
able and convincing. and viii receive
the approval Of the bar throughout the
United States.
CLASS LEGISLATION OF THE WORST KrSD.
"There was never any good reason for
tho enactment OF the income-tax law.
II was pressed upon Congress by a lot OF
Ponulists Socialists. cranks ana disturb
ers and their views were unWisely aooPt-
cd II was class legislation Of the worst
kind From a political point or Vlew' IL
was the height OF folly TO adopt ieglsiA-
ton of that character. II had heVe, oeeH
laid down as a Democratic principe noi
adopted in any platform. IL was lois 7to-
on the party in an enort 10 sel 80 .oto
from, a class Of people who did not vote
tho ticket I'm consequence Of our anoptloh
Of the law. and never will be. II antagoniz-
Cd the business community, delayed inc
adon,,on of a tariff reform bill. and mas
injured the Democratic party ever since
SHOULD REPEAL THE LAW.
"The effect Of the decision will. In my
i,,dgment be excellent for the country. l
have no question but the whole ACT viii
eventually be declared unconstitutional
The first act of the next Congress shouid
he To repeal the law and atone Tor our
blunder. Unfortunately the kepuph0 ans !,
will get the benefit OF the repeal II "o"'a
be the most supreme folly on the par Vi
the Democratic party 10 at'ehpO ~ i. nc g..
tain an income-tax law. when some oil It's
rrinc,nal features have already been de-
clared 10 be unconstitutional by vote OF
six 10 two. and when the whole act II
houeved 10 be invalid by at least one
half of the judges who heard the arsu-
ment
tvr THE STATES IMPOSE DIRECT TA1Es
",rhe true policy for the country ana
the Democratic party TO pursue Is 10 le'
IN, General Government collect us rev.
ne, las, tariff taxes and a limited amount
Of internal revenue taXati0n-stficty 30
called-aud permit the states 10 NliOSe
direct taxes. -. .or, NJ tho
lazy apnlviug ID incomes leil'c" 49,
rents is far reaching IN us cohseuuele
If will materially reduce the leNc''ue.
! a,,oactod and deprive the act OF one Vi
ne nr,ncipal ..rguments advanced at me
zinc I'm favor of it's passage, VIZ. ~
] ,oach the rents derived by owners OF rear
oqfate who reside IN foreign countries
The law Is unjustiiable and unoeho-
cratic and | rejoice that 1t mas met az
least a norton OF its death blow the
rest will follow In due time
THE rrFFcr IN NEW YORK.
Referring especially to the state nc
represents. Senator Hin continued:
s'rhe decision is OF great benefit to the
business interests of New York state
| rhe amount of municipal bonds held by
the corporations and citizens OF New
| york is enormous. ! DO not recah tn'
figures. but l have seen the aggresdt'
stated as something more man lhous
| and million OF dollars. The decision re-
uevcs them from the payment of the
,ax on the income from these invest
ments. The decision relative 10 municlpa
bonds. being placed on the ground ina
| the municipality Is an instrumentality o.
| state government, virtually DECIDES Una
| railroad ana other corporations Whlci
| nav the state Of New York (and some
other States "A certain party OF theN
] earnings for the support OF the otal'
government are not taxable under th'
| income-tax law. These railroads an'
| other corporations are created by IN
! state not the General Government, an'
the taxes are special taxes used for IN
| state government and are Just as muci
| an fundamentally of State government
as is a State bond, a municipal bono o.
| any other means which the state ma
created for the purpose OF raising reNe