New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-29
REGULAR REPORT OF PROCEEDINGS.

ynnT
sur,ed consideration OF the War Revenue bill II
required twenty-five minutes 70 secure quorum
Mr. ALLISON (Rep. Iowa. said ne hoped vote
could now be secured on the corporation tax propo-
eiuon The question was on the amendment offered
by MI German. which provided FOR a special excise
tax Of one-half OF l per cent or all corporations
whose receipts are more than $4,000 year
Mr.. FAULKNER dem. w. Va suggested 10
Mr. German that he accept amendment making
the tax one-quarter OF per cent.
Mr.. TURPIE Dem. Ind while not specially OBJ
tecting 10 the proposed amendment Of Mr.. Faux
n4r said Mr. Gorman's amendment ought 70 pro-
vide for proper penalty. He maintained that
& mere fine would be Of avail In the circum-
stances. as the corporations would simply pay the
fine in cases where II was less than the tax He
strongly urged that the penalty ought TO include
not only a fine. but Imprisonment FOR not less than
months
FOR LOWER CORPORATION TAX.
Mr. Faulkner urged the acceptance OF his amend
rnent as the Finance Committee had carefully con-
sdered the question. and had decided that ono
quarter OF per cent was reasonable and proper
tax He pointed out that the tax % one-quar'er OF
! per cent on gross receipts was quite as high as
that Of per cent on ne, receipts. as provided for
IN the law OF 1884
Mr. JONES Dem. Ark). member OF the RI
nance Committee. said he would Ne willing 70 ec-
cept Mr Germans amendment II II were MADE 10
sonlv only as q substitute for thnt paragraph OF
the bill taxing railroads. street lt.'I'aNH anu '''
transportation companies. He objected however
10 its substitution FOR the paragraph levying tax
on all corporations.
Mr. GORMAN Dem. Md) presented an arsu-
uent IN favor Of his amendment
MI LINDSAY Dem. KY suggested that as
nronositlon Of law II might ne Well FOR Mr.. Cor
man 70 exempt entirely from taxation tEN'"' 81
the receipts 81 every CORPORATION. II the receipts
did not reach &2j0Dn they would noi Re taxed. and
they would be taxed only on receipts above mat
Mr. German had no particular objection TO me
.ussestiop offered by Mr. Lindsay. and said he
would be willing TO have Il adopted. In repiE 10
.he suggestion that the rate OF tax ne proposed
should be reduced Mr. German declared that the
corporations and their friends were making great
mistake IN his judgment. In endeeyor!ng 10 es-
cape from the proposed and 20 erade their
tust and equitable share Of the burdens OF the war
Nh DANIEL, Dem Va said that while he had
no desire unduy 70 delay nc passage of the pend
Ing bill ne thought full discussion of rs 'Inpor-
tnnt provisions ought 70 be had He favored tax
OF the gross receipts Of corporations and expressed
his regret tina: objections 20 II on the ground q
its suspected unconsuturonahty had been mace
These objections ne desired 20 answer by cl'a-
ton Of authorities he made elaborate presenta-
ton Of MS views the respective STATE ana feH-
eral nowers Of taxation as pat IN question ny the
pending bill. contending that the tax on corpora
tions was warranted fully Nv the law as existing
and interpreted nv he courts
In the course u NJ Daniels speech me Vice
Presjder. laid before tho Senate communication
from the ono Legislature announcing the report
o. the senate Committee on the investigation "i
TIE charge q bribery against the junior ONO
Senator Mr.. Hanna. The COMMUNICATION was re-
fcrred to the Committee on PRIVILEGES and Elec-
tons
Nh Daniel presented argument IN favor OF
an income tax He SAID TINT The mother country
was more democratic In respect 70 an income TAX
than the United States. as Great Britain ma lev
ied such & tax f0r more than hundred years. ~
asrnuch as incomes had been relieved Of taxation.
Nr Doniel rnsl-.ainei nat il Was wise. oxpeii"nt
and fair 10 tax business. IN order hat he wealth
o. he country would not - deprived ~ me pfll-
lese of taking par, in the great national fight
SENATOR woLroTr's SPEECH
Nj TOLCOTT CRcp.. Col). member q the
Finance Committee followed in advocacy u the
position taken 10y ne Republican minority Of the
committee he SAID IT was source ~ great
qualification 20 him that political turn had been
given either 70 the Bill Itself 20 the debate mus
fl II had been the effort q every Senator 20
make the Diu what il ought 10 be. q measure 70
rG.se war revenues Until the Hawaiian anneHa-
ton amendment had been offered 10 the oil not
one feature had been suggested that WAS not per
fcc,ly relevant it, He rejoiced that mat amend
men, had not been offered by Western Senator.
who cert-luly would have been charged with an e.
fort TO o5struct the pending measure. Whatever
might be the Individual opinions o: Senators on
n Ha~a4-an qeestion IT was 10 MN p cIiee', ss
ride 20 ne Revenue DILL II vas problem I'D
s.one ''''
Mr Wolc,.. referring 10 the desiraonity Of plac-
In Tie Government In excellent financial condition
a. this time - eNIgercy said he VAS satisfied mat
WIZ the exception o. Great Britain. no European
States Nhcn would be 80 expensive as would ne
S Sst Win spain 40 other foreign country efcelt
YOU'D be Necessary for the United states ~ o.
Sepy No such army as was now raised would be
oil 4. III
oeen called FOR and ne We II he opinion mar IN
wo~Ido .. ne var. so man could say that the war
, ~, DC sad thai 1t meh, not result in coInpliaa
only spsrk NOS % serious n@Glo u would IG9Te
swords ~ "a. nigh De- s'ruck from tho clasnins
zen, lie a. .niied States and Spain at any mo-
tons esce, Intervene between the coniendng ma
not ono cared ' y, eIounGs 81 pure humanity ior
's'""o" 'ha' might sweep the civilized world
IhH FRIENDSHIP or FRANCE.
49, r- 20 me suggested enmity ~ France 70
~ -, "'1''s' Mr. Woicott declared that the
,he 60 Voan'ry did not correctly represent
,hts -. - france France friendly 10
49,, . ne "as personally familiar with the
situation In France and VS. sa,,sned ina, ex-
,he,~ en- ' "e"sFspers and among a few Of
United Stats o. french sentiment toward the
,Tbute TO the Premier ., 'Fr rsay ne PIa n's9
was ir " men friends Amerca had In Europe and
policies No corn,,l,c..It-e WIN American ideas ana
arise from thaf ln,,sa1...ohs ne was certain. would
complcatio,s s a. quhrter. From whatever source
States npfst "a '''shl fpHng. however the United
poTnure dignity and honor ~ meet 'heh WIN cOih-
,a The attitude Of Great Prt,o,, &, ,Ao ,o,,, mar
Conn, 1eeh ne said Of incaicijahle ncn"Gf -" his
and il ssvs a, =, sympathy Of her people was patent
cause ~ n nm country courage to pursue It's fuat
the Nation more more serious troubles should confront
had a duty ~, ne maintained that the United states
which nnyn 70 perform-a duty the nerformence NJ
Nu snow the world that It was prepared