The age-herald., 1898-05-25

 MORE TALK ON
 WAR MEASURE Lindsay of Kentucky and Platt Of Con- neCtiCut Against the Bill. BOTH TALK FOR GOLD The Proposed Corporation Tax EXcites the Kentuckian'S Hostility. COcKERELL OPENS UP FIRE The Bond Feature of the Bill Continues to Cause Great Pleading From All the Republicans and Alleged Dem
 ocrat Lindsay.

Washington, May A-That feature of the war revenue measure placing tax of one quarter of one percentum upon the gross receipts of corporations, was under discuss sion in the senate throughout the days ses- sion Incidentally the proposed tax on bank deposits was adverted to. The prin- cipal speeches were delivered by MT. Platt (rep. of Comp and MT. Lindsay (dem., of Ky.), both of whom vigorously attacked the corporation tax. The weight of the for mer's argument was thrown against the tax on the ground that 1t was unconstitu- tional because the tax was not levied alike upon all persons engaged in a particular line of business He maintained that an occupation tax could be levied provided the conditions were quite fair and equitable, but that the business of acorporation could not be taxed simply because it was con- ducted by a corporation. To be equitable the tax must be laid upon the business whether it was conducted by corporation, a partnership, firm or an individual.
 MT. Lindsay Still for Gold
 MT Lindsay vigorously antagonized the proposed issue of legal tender notes, de- claring that it accentuated the existing menace to the gold reserve of the treasury and was besides the dearest money evr devised. He held that such an issue would be a blow to the naton's financial credit. He, too, presented an argument against the proposed corporation tax, maintaining that if enacted into law it would breed a batch of lawsuits instead of providing what the government needed-ready money with which to conduct the war operations.
 MT. Lindsay, of Kentucky, held that if the corporation tax provision of the pend- ing bill should become law it would seriously cripple the state of Kentucky, as rnl fhnv ct fnf nf ha 11fF would be an unnecessary and officious in- terference with state taxation by the federal government. In the course of dis cussion of the question of issuing bonds and legal tender notes MT. Lindsay noted the fact that when the proposition to issue greenbacks during the civil war was made to congress by Secretary Chase every democrat in the house had voted against it, as well as almost every democrat in the senate. He intimated it was strange there should be so great a change in the demo- crats, in view of the fact that democrats are now urging the isue of legal tender notes.
 Opposed to Paper Money
 He maintained that the paper money issued during the civil war was the dearest kind of money. The largest part of It bore interest at or 7-30 per cent-While the bonds proposed in the pending bill called for only per cent. If this bill should be- come a law as it stands MT. Lindsay urged the republican administration would re- deem the greenbacks isuesd under 1t in gold and would, if necessary sell bends under the act of 1875 in order to get gold
 seThis bill, said MT. Lindsay, "contem- nlates that we will use all the money in the treasury except the 0O,OOO ,0oO of gold held as redemption fund.- and that we will issue greenbacks so that at the end or the year all the money in the treasury will he the hundred million gold He ad slIDpOSitiOuS case or q syndicate presenting greenbacks at the treasury to the full amount Of the gold re- serve and drawing it out, and then that of another syndicate presenting another hundred millions of greenoacKs the next day. LA .o come from to meet the second?'
 This question precipitated a colloquy upon tbe whole financial question, which was participated in by MT. Lindsay, MT COCK rell, MT. Teller and MT. stewart. MT Lindsay maitained that the synoi- cotes would raid the gold reserve or the Government, and that If the legal tender notes were issued they would certainly pc redeemed in gold. and if reissued would again be redeemed in gold.
 Hot Shot From CockreH
 Y "We shall have an opportunity saia MT. r.,,c,rrell .sto test the patriotism of the holders of greenbacks and to see wnetnei they will raid the treasury .o op'an se s gold I'd like to know whether there are such unaduterated patriots
 "The difference between me and the sen ator from Missouri" replied MT. Lindsay lis that he still believes the gold raidine syndicates are patriots, and don't They will take every advantage offered them even in time of war. . In conclusion. and partly in answer te cuestions put to him by MT. Tillman, MT Lindsay said: "The war will go on for two or three years, unless we break down oul credit at the outset The issue of lega tender notes here would have that e1ect.' ..Wcll,v interrupted Mir. Tillman, "lr a what kind of money will these bonds you propose to issue be paid for?"
 .sThe bonds issued, 7, replied MT. Lindsay twill be sold for money as good as goid and the funds so raised will be used to pay the boys who are to be sent to Cuba tt face Spanish bullets and yellow fever. Oul