Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-14
He Reviews the Present Financial
Condition.
NOT SUFFICIENT REVENUE PROVIDED
The Tariff Bill as Passed Was
Only Compromise.
IN THE HOU S E

problem has been transferred to the Sen
ate has made that body the center of inter-
est at the Capitol. The galleries were again
well filled today in anticipation Of develop
ments in the way of speeches, indicating
the probable course of the majority. After
the routine business Senator Stewart OF
Nevada resumed his speech begun on Sat
urday.
MIR. Stewart spoke OF the extent to which
the banks controlled Congress. political
conventions, telegraph companies and the
press. The banks always maintained
lobby in Congress. They dominated na-
tional neutrality-suspicious., democratic
and populist-and secured the nomination
Of their friends. They secured ambiguous
platforms so that the people were never
able to vote directly on the silver issue.
There had been bank rule in the treasury,
hank rule in Congress, bank rule In every
administration for twenty years.
MIR. German Makes u Speech.
Mr.. Stewart closed at 1 o'clock, and then
Mr.. German Of Maryland rose for the
speech which had been anticipated for
sclne days. The galleries filled rapidly as
the Maryland Senator proceeded, and the
floor Of the Senate took on an animated as
pect as Senators, particularly on the demo-
cratic side, came in and gave Mr.. German
the closest attention.
tention to the proposition to cripple the in
come tax by cutting off it's appropriation.
He de eclared himself opposed to that line
of attack. 1t would place in the hands of
every taxpayer power to suspend the IN
come tax by appealing to the courts.
Mr.. German then proceeded to take up
the tariff legislation as bearing on existing
conditions. The tariff bill which first came
to the Senate from the House permitted
flood of assertion of those who virtuously
claimed to be reducing taxation. 1t brought
forth an era Of demagoguery such as the
country had seldom before seen: 1t over
looked the greatest essen tial Of legislation
to raise sufficient revenue to carry OH the
government
Not Enough Revenues.
Thus" said Mr.. German, was the re-
spcnsitility placed upon the shoulders OF
the Senate But did we meet that respon-
sibility? Did We shape that bill until 1t
raised the revenues essential to the eX-
istence Of the government? Did we yield
to popular clamor? Did we proceed to keep
platform pledges ins tead Of performing
that first duty of leglslating for the coun-
try?"
The Senator said that he, for one. would
never have voted for the tariff bill if he
had not believed it had been shaped so as
to raise ample revenue for the expenses or
the government. The Senate had added
sixty millions to the revenue under that
law. And yet 1t was now demonstrated
that the revenues under the law were in
sufficient to carry on the ordinary expenses
Of the government The storm that swept
over the country, alluded to by the Senator
from Pennsylvania (Mr. Quay In no un-
complimentary terms, was founded on fact
Il firmly believe" said the Senator, that
nine tenths of the democratic party be-
lieved at that time that their representa-
tives in the Senate had failed to carry out
the pledges made. They are only now be-
ginning to understand for the truth Is
,;TrLt x-1ih hn lfy
which confronted US. If we delayed longer
and made further additions to the revenue
the present situation would not be upon
u.s..
MIR. Vests Questions.
According to your estimates" interrupt
ed Mr.. Vest, do you claim that the rev.
enues for the present year will not meet
the expenditures"
II do"
do you include IN your estimates" COZ
tinued Mr.. Vest, 1.-The 40 per cent tax on
which will not be available for this year!
1 desire to call the Senator's attention to
the fact that the revenues OF the govern
ment have been steadily increasing for
three months and that it is reasonable to
presume that by April the revenues Will
meet the expenditures"
Il will allow another to answer that
question:" replied Mr.. German. II will
allow the foremost man Of finance in the
democratic party to answer; the Secretary
of the Treasury, who, amid all this tur-
moil, had stood for tax sufficient to meet
the demands on the treasury. He stood
there while slander was rampant and the
vipers of the press were splitting at MIN,
and he stards there now. You cannot
eliminate one revenue provision or that
tariff act without substituting another, and
that cannot be done.
There is no excuse, he continued, turn
ing to Senator Vest, ''for any Senator who
ION ,,,,lo &c
prepared to furnish equivalent revenue
from another source. The Wilson bill or
the German bill or the Brice bill or the
Smith bill, or by whatever names you de-
sire to call it, was a compromise bill. No
other bill could have passed. 1t was a
democratic act-the best act that has been
ON the statute books for forty years. The
Senator from New York (dr. HID was not
a party to it. There is something about
democrats from the section whence he
comes that prevents them from ever COM
promising" daughter)
Hills Opposition to the Bill.
'"The Senator fought the bill manfully,"
said Mr.. German, continuing. Il admire
maniiness, but In addition to opposing the
income tax, as / have shown necessary to
the treasury, the Senator from New York
joined with all the extreme tariff reformers
to cut down duties on imports. He wanted
his way no bill. Judging by his vote, If
he had had his way S5Uo,UOO,OOO Of bonds
would have been necessary before 1887 to
meet the current expenses of the govern
ment. 1 will never follow leader" said
he, emphatically, who Will in time Of peace
increase the national debt to pay the cur
rent expenses of the government"
Before the election of '92, said Mr.. Cor
man, it had already been demonstrated
that the Mckinley law did not yield Sufti-
cient revenue to meet the demands of the
government. The estimates on which that
law had been framed were erroneous, just
as. the estimate on which this last tariff
law was framed were erroneous. 1t had
been clearly pointed out prior to the cleo
ton Of '92 that the Mckinley law reduced
revenues to the point of threatening the
treasury with bankruptcy.
Mr. German then reviewed the circum-
stances under which the Wilson bill was
taken UP by the Senate. The first ques-
ton considered by the chairman of the
finance committee (hIr. Noorhees) was, will
the bill yield the necessary revenue? and
that question had to be answered in the
negative.
Mr.. Voorhees, Explanation.
Mr. voorhees, rose at this poirt II have
published in the press of my state,' said
lie, "a statement drawing attention to the
fact that the bill as it came from the