Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1898-06-02

of the war with Spain. The currency
of the United States, whether of gold,
silver or paper money, shall be a
lawful tender in said islands for the
payment of all debts, public or pri-
vate." Consideration of the war
revenue measure was resumed, Mr..
Teller finishing his speech. In con-
GLIDING that part of his argument in
favor of an income tax, Mr.. Teller
said if the proposition were submitted
to the senate he would feel bound to
vote for it, despite the decision Of
the supreme court against the law of
1894. Il have no reason to suppose"
he said, that the court may not yet
return to it's former decisions; indeed,
I have every reason to suppose that it
will"
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 most expensive. Closing,
he said that in any way it might be
taken, the view of the majority of
the finance committee was wrong and
could not be safely followed. Mr..
Coclrell contended that the bill, as
reported, including provisions for
the coinage of the seigniorage and
the issuance Of treasury notes and
the elimination of the bonds, would
provide sufficient revenue for the con.
duct of the war He made long ar
gument in favor of legal tender notes.
He maintained that an issue of green
backs was infinitely preferable to in
terest-bearing, untaXable obligations.
Mr.. German of Maryland said he ap-
proved of some of the amendments
made by the senate committee. His
effort would however, be directed
toward making the bill more nearly
just and equitable than it now is.
The burdens ought to be placed upon
the large interests able to pay the
taxes instead of upon the people re-
CARELESS of their condition, The
people, he maintained should be ex-
empted from the offensive and bur-
densome tax, the levying and collec-
ton of which would result in most
serious difficulties. He said it had
been declared during the debate that
the corporation tax, if enacted into
law, might be decided by the supreme
court to be unconstitutional, thus re-
iterating a decision as Infamous
as that on the income tax law. Now
is the time" he declared, while we
are engaged in war, to test the SUI
preme court upon the corporation tax
question. A decision against it will
not destroy our financial structure,
but it would destroy the court. The
American people would amend the
constitution so that in time of war
taxes might be levied upon all inter-
ests justly and equitably." Mr.. Cor
man advocated an issue of bonds. Mr..
Allison proposed that a time be
agreed upon g., vote upon the series
of amendments relating to corpora
ton taxes. These measures were
passed: Donating a condemned can
ecampment, G. A. r. providing for
survey of the harbor at Sheboygan,
Wis. and extending the time for the
completion of the Fort Smith and
Western railroad.
When the house met a yea and nay
vote was taken upon the bill to
amend the internal revenue law re-
lating to bondage and outage periods
Of distilled spirits. The bill passed,
1872 to Co., The bill to pay the heirs
of John Roach, deceased. S2S,16O for
completion of the dispatch-boat Dol
phin was passed. The senate resolu-
ton authorizing the secretary Of the
navy to present a sword OF honor to
Commodore George Dewey and cause
to be struck bronze medals commem-
Grating the battle Of Manila bay and
distribute them to the officers and
men of the Asiatic squadron was
passed unanimously. Among the
bills was one granting a pension of
sos a month to Gen. Cassius NJ. Clay
of Kentucky and another giving a
pension OF $50 to the widow OF Brig
adler General Daniel Macauley