Evening star., 1898-04-26

be collected by the existing internal reve-
nue. officials, slightly increased, with a
| small additional expense, and with the
| minimum disturbance of trade. although
! they are all taxes which are unwelcome
and which 1t would not have been neces-
sary to impose if war had been avoided.
While all of the additional taxes are war
taxes which would be naturally repealed
or modified when the necessities of war
and the payment of war expenses have
ceased. yet it is impossible now to place
limit on them. not only for the reason
that no one can intelligently forecast the
length of the war, but also for the reason
that war always brings a train of extra
ordinary expenditures which do not termi-
rate with the close of actual hostilities. 1t
is evident that 1t will be necessary in order
to maintain the public credit, not only to
raise the additional revenue provided by
the accompanying bill. but also to author
iZe the Secretary of the Treasury to bOr-
row on the credit of the government from
time to tire, as the public necessities will
require.
Bond Issue.
eve have given, therefore. authority to
Issue and sell. not exceeding $5OO.00O,Oo0 of
ten-twenty 3 per cent coin bonds. to be Of
Ar1tu dS q pOpuldF lOdIl, ptHeFIHS We
do that such a bond will be taken from
time to time by the masses of the people.
We have fixed ten years as the period after
which the bonds authorized may be re-
deemed at the pleasure of the United
States, not only because we regard it neces-
sary TO do this in order to secure subscrip-
tions at par for the later issues, but also
because the fact that the one hundred mil
lion = of /
per cent loan of 1907 would inevitably be
paid refunded by the government be-
fore q ) per cent bond would be redeemed,
makes a bond that can be redeemed at
the end of ten years as desirable to issue
one that can be redeemed at the end of
five years.
in view of the fact that it will be neces-
sary IN a very few weeks before the pro-
posed war taxes can bring results and be-
fore the loan authorized can be placed to
provide means to meet the rapidly aug
menting war expenditures. authority is
given tie Secretary of the Treasury to
temporarily borrow money, in no case eX-
ceeding one year, by the issue of ) per
cent certificates of Indebtedness 1t is i'm
portant that the Secretary of the Treas
ury shall have this authority in any exi-
gency that may arise in the future
Three Changes.
The war revenue bill as reported to the
House contains three changes from the
bill as originally drafted, as follows: 4 dis
count of per cent on beer stamps is al
lowed after the passage of the act Tele-
phone messages are subject to a tax of l
cent on messages transmitted 30 miles or
more, the cost Of which does not exceed
% cents: between % cents and $1.5O. .
cents: between s1.50 and 81. 5 cents, in ex-
cess Of 81, 10 cents. Official telephone and
telegraphic messages of the government
are exempt from taxation. The differential
of one-half a cent on mineral waters and
beverages. domestic or imported. not 9TH
erwise subject to internal taxation. in half
pint bottles. is eliminated, so that the di-
viding line is pints. bottles containing one
pint or less. to pay 1 cent: more than one
pint. . cents.
The minority were given until tomorrow
to file their views.
To BE Called Up Tomorrow.
Mr.. Dingley then gave notice that he
would call the bill up tomorrow at noon,
and asked unanimous consent that tomor-
row and Thursday be devoted to general
debate, and that Friday the bill be taken
up for amendment and vote be taken al
4 o'clock Friday. Included in the request
was provision for night sessions tomorrow
and Thursday, and also a provision that
sections 81 and 2S (the bond sections)
should first be open to debate under the
e-minute rule. The minority had agreed
to the arrangement.
Mr.. Bailey formally gave his assent, and
the order was entered.
A bill was passed granting to the Santa
LTa ail
right of way through the Grand Canyon
forest reserve. and the House then re-
sumed the consideration of the Wise
Young contested election case. Mr.. DE
Almond (Mo), who was speaking in favor
of the sitting member when the House
adjourned yesterday, resumed his argu-
ment