The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-28


speech on the war revenue bill was de-
iivered in the senate this afternoon by
Mr.. German Dem. Md. In the course
of an argument in support of tax on
corporations. he denounced as ''infa-
nous" the decision of the supreme
court declaring the income tax law OF
1894 unconstitutional Mr. German took
decided issue with the majority of his
fellow Democrats upon their PROPOSE
ton to coin the silver seignioraSe and
to issue legal tender notes and made
powerful argument in favor of the is
suance of bonds to raise funds with
which to prosecute the war.
Mr.. Teller concluded his speech be-
gun yesterday. Mr.. Nelson (Rep.
Mimi, presented a carefully prepared
argument against the issue of legal ten
der notes.
In a speech of two hours, Mr.. Cock
rell (Dem. MOI, discussed the financial
question in contention between the
Democratic and Republican parity.
Soon after the senate convened at IL
O'Clock MIR. Carter reported from the
military affairs committee, bill pro-
viding for a second assistant secretary
of war, to be named by the president
and to receive a salary of $4,000. After
a delay of 10 minutes a quorum was Sc
cured and the bill was passed.
Mr. Morgan then offered an amend
ment to the war revenue measure as
follows:
When any of the islands of the At
lantie or PaciF C oceans are owned by
the United States, or when they are
occupied by the civil or military forces
of the United States as result of war
with Spain, or as a necessary means of
conducting such war, to be determined
by the president as the commander-in-
chief of the army and navy of the
ha no
within his discretion for the president
to appoint civil or military governor
of such island or any group of such
islands, with full authority, under such
rules and regulations asNhe president
shall prescribe, not inconsistent with
the laws of civilized warfare, to main
tain good order and to protect the lives
and property and the domestic peace of
the people thereof.
And there shall be extended over
such is ands and enforced therein such
parts and provisions of the tax laws of
the United States or of such islands,
whether relating to customs duties or
to internal taxation, as shall, in the
judgment and discretion of the presi-
dent. be justly applicable to such is
lands during the existence of the war
with Spain.
1.-The currency of the United States,
whether of gold, silver or paper money,
shall be a lawful tender IN said islands,
so owned or occupied, in the same man
ner and to the same extent that they
ale legal tender in the United States,
for the payment of all debts, public
or private
''And the provisions of this act that
relate to such islands. together with
such regulations as shall be made by
order of the president for executing the
same, shall remain in force until the
same are altered, amended or repealed
by act of congress"
TELLER ON INCOME TAX.
Consideration of the war revenue
measure was resumed. Mr. Teller TAX
ing the floor TO continue his speech be-
gun yesterday.
In concluding that part of his argu-
ment in favor of an income tax, Mr..
Teller said that if the proposition We're
submitted TO the senate, he would feel
bound to vote for it. despite the de-
cision of the supreme court against the
law OF 1894 Such tax, he said, was
supported by five decisions of the su-
preme court prior to that upon the law
of 1894. Il have no reason to suppose
he said, that the court may not yet
return to its former decisions: indeed,
have every reason TO suppose that it
Will
Mr.. Teller then began a discussion
of the proposition to coin the silver
seigniorage, which. he said, had
aroused great opposition. He declared
the seigniorage could be coined without
detrimeat to the public service.
Briefly adverUng to the proposed cor
poration tax. Mr.. Teller said that while
he hoped to have an opportunity TO
vote for tax that would apply to in
dividuals and firms, as well as corpor
ations, he would be glad to support the
corporation tax proposed in the pend
ing bill.
Mr.. Teller then entered <jcn an elab-
crate argument for the issue of $780,,
ooG 600 of legal tender notes, concerning
which he though there was no possible
doubt of the right of the government.
PENSIONS AND BONDS.
Mr.. Teller said he was considering
the pending measure without reference
TO the silver question, merely with
desire that the country should adopt
a sound system of finance He was OPP
posed TO the issue of bonds as unneces-
ssry and dangerous.
Referring TO the immense amount the
government has now and will have in
the future TO pay for pensions. ne said:
I'VE shall pay the pensions of both the
last and the existing war in accordance !
with the letter of the law, notw!th-
standing the complaints made of the !
large pension expenditures. These pen /
SIGN charges are large, Yet the govern |
ment has paid since 1865, S312.000O00 |
more for interest upon the puDlc deDt !
than ii has paid for pensions.
Those who ought to know" said 1
Mr. Teller" estimate that the present |
war viii cost $500. 0G0,00 if it be pros /
ecuted for one year. 1t is not war !
of conquest, but war of humanity. |
However. since we have taken the |
Philippines, we ought TO hold them I'M !
til some decision can be reached as to |
their disposition. We ought to take (
every foof of Spanish soil outside of |
Spain itself, whether it be in this hemi !
sphere or in the other. We ought, l /
believe try to drive the Spanish flag
from the waters of both the Atlantic
and Pacific"
NELSON OPPOSES. GREENBACKS.
Mr.. Nelson OF Minnesota regarded the
proposed issue of greenbacks as one OF
the most important features of the bill.
He declared that of all the loans made
during the civil war, the forced loan
covered by the greenbacks was the
NEST expensive. The proposed issue OF
legal tender notes was not called for
by any lack of money in circulation, as I
the per capita circulation was now
higher than at any timS since 1882, and
only II cents lower thcn il was then
He felt that the notes. II issued, would
be an added menace 20 the country,
and that it would enable those so in
clined to deDlete the gold reserve and
render it the more easily possible to
force an issue of bonds. Closing, Mr.. I
Nelson declared that in any way it
might be taken, the view OF the ma
jority of the finance committee was
wrong and could not be safely followed.
CoCKRELL FOR FREE COINAGE.
Mr.. Cockren followed Mr.. Nelson. He
ayowed his intention to support the
government in the prosecution of the