The times., 1898-05-06
SPLIT ON THE BOND ISSUE
Democrats viii Not Agree to the
Plans for Raising Revenue

| Plans for Raising Revenue
The Finance Committee Of the Senate
worked yesterday in sections. When the
Democrats took possession of the war
revenue bin Wednesday and forced an
adjournment until today it was for the
purpose Of enabling them to formulate
the substitutes which they will offer for
several of the sections of the present bill.
But from indications last night the Demo-
Gratis will not be able TO present these
substitutes at the meeting which will be
held this morning.
Inc Democrats on the committee held
TWO conferences yesterday in the room
OF Senator Jones. but were unable To
come to any definite conclusion an any,
one OF the various propositions rhev have
IN view with the exception of the promo
sillOh 10 assess tax Of 2 per cent on the
gross receipts OF corporations Sa,-er,1
tentative propositions in the sbs-., -
substitutes for the proposed bond issne
nave been made. but none of them bsI-a
received the sanction of the rnaiorirI- 81
the controlling element of the c0mrniftae-
Inc ldea or issuing greenbacks -aDDears
70 iiaNe oeeh abandoned. but there is a
s9as stlois iedhlhg towards the issue of Ger
tilcates OF Indebtedness The prOnosfrfor,
10 coin the seigniorage now in the treas
uIy was also discussed. and while no de-
mite conclusion was reached il is Drob
able that this will be reported 10 tn
Senate - 'iis
Upon the subject Of an income tax the
majority is still at sea not becausa 81
any dlssessions on the question OF prin
clpie; but because of difference OF opir.e
ION as TO the wisdom OF such a tax at tn
present time. Pressure is being brourhr
10 pear upon influential Democrats 10
omit this matter from the bill
outside Of the per centum taxes insist
ed upon by the Democrats. there Is Iit-
tie difference between the two factions
IN the committee. The inequalities al
ways 10 be found in House biz can ~
easily remedied when the fun COMMITTEES
cares 20 take them Up. Upon this branch
OF the work the Republicans did sor7e
work yesterday The bill Is crude ana
ineffective in many ways. It's schedule.
are bungied asi there Is a dIplicatfon o-
rates that viii make the bin diascul- -
enforcement and in many cases mak-
II absolutely impossible 20 collect the
rates imposed The classification % pro
prietary medicines and cosmetics is said
BY experts % b. confusing. 50 much -.
tha- the one can be brought in under the
classification Of the other Is several in
stances under the present reading of the
Dill These things are being rapldIy
whipped into shape and were IL not Tor
the persistence OF the Democrats In in
sistinE that some hing other thau bonds
SHAH be provided FOR. there wofld be no
diIhculty IN getting the bill IN the Senate
this week
The Republicans refuse TO listen 10 anv
suggestion the Democrats make in the
way OF bond substitutes and are an
parently indifferent 20 what they do save
for the annoyance which the daIav
causes. They Say that the measure win
be straightened out in the Senate and the
authority for the issuance OF bonds in
corpOrated in the bill
As announced yesterday Mr.. WOlcott
is acting with the Democrats in the fight
against bonds and he did not sit with the
/ Republicans at their session yesterday.
It is expected that by tomorrow the time
when the bill will be reported can be
safely predicted.