The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-02
PROGRESS on WAR REVENUE.
senate DispOses of Number al
Amendments to the Bill.

Amendments to the Bill.
WASHINGTON, June marked prog
ress was made by the senate today towards
| the final disposition OF the war revenue
measure. The committee amendments On
nearly sixty pages of the bill were passed
| upon and the senate nearly reached the
/ principal questions at issue between the
! contending parties. These remaining ques-
tons have already been discussed pretty
thoroughly. and aside from a few set
speeches yet TO be delivered. Will no.
arouse probably more than desultory de-
bate.
The interest OF the session conferred in
the action taken. on the amendment Of
German OF Maryland, leyying tax on one
quarter OF l per cent. on the gross re-
ceipts of al corporations doing a business
exceeding Sa50,01a a year. By direct vote
upon IL. the amendment was rejected, n
TO 81.
bill for the homestead settlers who en-
tered the military or naval service OF the
| United States in time of war was passed
by the senate at the opening of the ses-
sion. The bill provides that the service
in the war with Spain shall not be consid-
cred as affecting residence and work upon
the claim and by enlistment the claim shall
not be forfeited.
When the revenue bill was taken up. the
absence OF quorum was suggested and
fifteen minutes were consumed in assem-
bling the requisite number OF senators.
Chandler of New Hampshire. assuming, he
SAID, that the majority OF the finance COM
mittee would insist upon its proposition 10
coin the silver ssigniorage and that the
report of the minority would press its
bond proposition, thought 1t proper TO
oHer some remarks upon an amendment
he had offered to the pending bill. The
amendment follows:
And It is hereby declared 10 be the mol
ley OF the United States not to commit the
country more thoroughly to the gold stand
ment IN all its branches shall be steadily
directed 10 secure and maintain the use Of
silver as well as gold as standard money,
with the free coinage OF both under a
system OF bi-metallism which will insure
the parity in value of the coins of the two
metals. furnish q sufficient volume OF me-
wo-ld OF trade from violent fluctuations In
exchange"
Referring TO the general feature OF the
bill, Chandler declared that the opponents
10 the existing war should not be, allowed
to make it unpopular by the infiiction upon
the people or onerous and ill-advised tax
alton. He urged that 1t was better 10 await
the developments of the war before making
legislative provision for it, A few months
hence. he thought. it would be far easier
than Ii now is to determine what amount
OF taxation should be levied.
Chandler announced his oppositIou m
the issue Of legal tender notes. In his
opinion. the proposed coinage Of the silver
seignIorage was entirely a different thing
He saw advantages that would accrue
from the conversion OF the seign.orage into
money, and not the least danger. He
was not in favor OF ten-year per cent
bonds as the cheapest way of raising need.
cd funds for the prosecution of the war.
Chandler then began a discussion OF the
financial situation. in which he opposed
the gold standard ard advocated bi-metal-
ism. In the course of discussion of the
Administrators effort TO secure internal
uonal bi-metaIiisn, Chandler character
izer Secretary Gage sharply for the posi-
'ion ne had assumed in attempting ire
Vocapiy 20 commit the administration IA
tne gold standard. and criticised his hos
unity 10 silver and international bi-metaI
ism Speaking OF the action OF the
Ieier resolution. which reafirmed the
Staniey Matthews silver resolution. he
sald secretary Gage had many sf;uDor.e-e
In the Republican party. He said maj
az tAe head CT those who voted for the
Matthew's resolution in the house IVES
William Mckinley. now president. ana In
The senate. Mr.. Allison. He thought IL
remarkable that what was true and honest
I"thty years ago was true but dishonest
now chandler said the Republican marry
ala Tot hesitate 10 reoreanize the slrnrer,a
/ court IN order 10 assert the right OF thu
hited states 20 issue irredeemah.e ,anar
money He reviewed the various dec,
s'oiS O. the supreme court on this s1,b-
Ject ana said that national honor was
hot ID danger by the free coinage OF silver
u II was not endangered by the ,ss,,a ~
paper. VI
a concurrent resolution directing tba
commission appointed 20 eodify IN. erjn,l.
nal laws Of the United States 20 nrenar.
ga suomi 10 congress a code OF civil
procedure for the district of Alaska whit,
80" Zen signify amended by the house
OF representatives was concurred IN
i'"aF OF Massachusetts made a reD7v =,
part CT Chambers remarks manfrast,r,
mdch indignant feeling He sat3 81
"h'theF ina secretary OF the treasury vrss
m financial accord With the adn,tr.s,,s1
uon or with the president personally ~
WI Inc senate did not seem 20 hin,
H'0ca IN effect the blu nrovi5irr ~.
sinsws OF war 'He
stewart made an extended ....o.
v'hcffnlhg IN" supreme ecurt's 6actsfrr
opon the legal tender notes and the fr.
come tax iaw '''s IL
Rat Of Tennessee read A prenara.,
speech unon the general features -, ~
psndiHE bin. lie particularly ornosss 80 80
issue Of greeahaeks '''e
At'ra az Nebraska offered a. nvo,.;-
son % ne bond amendment % re- ~
horny q the committee the following.
t.iTeE,ded taat except as IN this at
PFoNtafd. ths, secretary OF the f-easf,-,,
STAT not have hereafter authority - ~
sle any hond ar interest -fsea ring otliea-
- ~ VII s. specifically authorized 10 DO
ne pending question was upon 80
Ioeta'f't.ni or German, leyving a e~,vx
{ fece' p tax On corporations Co--,ac ..,,5,
/ crew ne amendment temporarily saving
Ne desired to offer II later In such forr,
Is would secure direct vote upon Mis-
proposition N +I'S
Consideration - committee ars~,-
..r'is 20 Ire hiI VAS then resumed. IRE
Shfciat taxes ~ere made % take er~e,,
an ana after Jaly ]. 1895
TIE paragraph relating - .ax %,
NShhS vas 50 changed as 10 reduce ;ha
TAX rom So % s. CT hanks er1,D3ovfT,s,
capital ~, exceeding $500 when us.
Irs or employing capital ex-e@.ffr,-
s-A"F Tor every additional thousand a,I-
lars IN * eSs - - g. and in est4
/ mating 0se-fal tax shall ~ computed On
ire bass o. capital and Surplus u ,ne
Preceding aseal Tear