The state republican. (Jefferson City, Mo.) 1871-1896, 1895-02-07
adopt the suggestion Of th.
to look after The present I
future look after ;tself. II

adopt the suggestion Of The D. pol,
to look after The present ~ I'D in.
future look after itself. m
"The president has deolex
, on silver" proceeded M
"He would make us acces61k1e.
this effort to fix the gold H.
upon u.s." zMM
The senator asked II sn4
really believed the supposed ~
gency could not be met BY tt4 ?
payments In silver. And Xtf Inc
impression was being consttjled TO
the public that the country & IN
the brink Of ruin. II the p&t NJ
had the power he would fox0 l to
the single gold standard, n j Z
Continuing, Senator " "
sAs ssaassS ] esS p.s', I
system against which | am ,fr6Voc.
ably opposed, because the president
Of the United States has a different
opinion in regard to this question:
Am l to be made accessory to q
financial system which I believe is
for the absolute oppression of the
great mass of people throughout the
United STAGES? When through my
whole public career have denounced
that legislation which gave to ma
tional banks the power to issue
money prepared for them by the
government and to be loaned to the
people, am I to be now made acces.
sorry to the perpetuity of that system?
Sir, it Is not pleasant to differ with
the head of my party. l have for
months remained silent, 80 that It
might not be said that / had added
to the discord which has existed so
long in the great party of which
am an humble member. But we
have come to the parting of the
ways. 1 will not go with the presi-
dent OF the United States in perpet-
uating the single gold standard and
in fastening the national bank
system as banks of circulation upon
the people of the United States.
"Therefore, say most respect
fully that the Mere hants Exchange oi
st Louis, if they think it necessary
to the prosperity of this country that
the presidents views should be
indorsed and carried into law, they
must find some one else in this
chamber to support that scheme"
INCOME TAX ESTIMATES.
Members Of congress who belieYc
in the income tax as an equitsbia
method of raising revenues are graf 4
fled at the nnexn-e.s Az s,ead shnFs |
ing Of the preliminary cane III
by the collectors or tho Internal rev. |
enue at the direction OF SecretaS q |
Carlisle. They believe that the !
greater amount realized from this
tax the more popular it will become
and the more firmly rooted as part
of the policy of the government.
Representative McMillip, of Tennes
see, says that il large per cent OF
the revenue of the government is
derived from this plan any attempts
to repeal it before the expiration OF
the five year limit fixed in the Will
son bill will be exceedingly unpopu-
lar and that the greater the revenue
derived from it, the greater will be
the probability of it's re enactment
at the end of its term.
When the proposition to tax in
comes was before congress the prof
its to be derived from it were estim-
ated at first at from Is million to l8
million dollars. Later tie estimate
Of the committee was raised to 80
millions. Still later Mr.. Hall, OF
Missouri, who had given more study
to the theory and history of the in
come tax than any other man in the
house, did not place the total below
80 millions. From the results of the
canvass OF the internal revenue bu-
reau it appears that Mr.. Hall was
more nearly correct than the other
forecasters. He now says that the
income tax may yield more than
90 millions and it is known that the
treasury department officials do not
place it's results below that mark.
The showing made by the thirty six
OF the sixty three districts given
ground for the estimate that about
300, 900 persons and corporations will
contribute to the treasury by this
plan.
PEFFER's FINANCIAL RESOLUTION.
A joint resolution providing for
special election on the first Tuesday
of October, 1895, to ascertain the
will of the people respecting the
financial matter was introduced In
the senate by Mr.. PETER. The
questions to be submitted to the peo-
pie are to include:
Shall congress provide for the issue