The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-06-02

was packed to declare the issue-of le-
gal tender notes constitutional, is as
1 vie SANDER as ever thrust up its
dirty head from the stump"
Mr.. Hoar then gave a cireumstantial
account of the constitution of the SUI
4 preme court at that time and on the
4 changes in. it that We're made about
4 that time.
AT the conclusion of Mr.. Hoars re-
marks Mr. Chandler Immediately dis
| claimed any intention either to criticise
or asperse President Grant or Attorney
/ General Hoar.
Mr.. Stewart made an extended state
ment. concerning the supreme courts
decision upon the legal tender notes and
the income tax law.
Mr.. Bate lDem. TENN. read a pre-
pared speech upon the general features
Of the pending bin. He particularly
opposed the issue of bonds Mr.. Bate
supported the contention of major
ity of the finance committee for a cor
poration tax. coinage of the silver
seigniorage and the issue of legal ten
der notes.
Mr.. Allen offered a proviso to the
bond amendment of the minority of the
committee, the following:
Provided, That except as in this act
provided, the secretary of the treasury
shall not have, hereafter, authority to
issue any bond or interest-bearing OBJ
legation unless specifically authorized
TO do so by congress"
The pending question was upon the
amendment of Mr.. German, levying
gross receipt tax on corporations. but
Mr. German withdrew the amendment
temporarily, saying that he desired 10
offer it later in such form as would in
sure a direct vote upon his proposition.
Consideration of the committee
amendments to the bill was then re-
sumed. The special taxes were made
to take effect ION and after July l,
1898"
BANK TAX REDUCED.
The paragraph relating to tax on
bankers was so changed as to reduce
the tax from $50 to S25 on banks en-
ploying a capital not exceeding S25, 600;
when using or employing a capital ex-
ceeding S25, 900, for every additional
81, 600 in excess of $25, 600, 81; and in
estimating the capital the tax shall be
computed on the basis of capital and
surplus of the preceding fiscal year.
The paragraph relating to the tax on
insurance agents was made to -read:
Insurance agents shall pay SO. Every
person, firm or corporation having an
office or place of business and acting
as agent, etc. shall be regarded. as an
insurance agent
The tobacco taxes were modified as
heretofore announced 10 have been
agreed upon by the committee and sew
eral other minor amendments to this
schedule were agreed to.
The provision requiring a stamp to
be placed on certain medicines, was
so as to exempt receipts or
written by practicing
and surgeons, cor which
may be put up or compounded by a
druggist or pharmacist
The tax on money orders was re-
stricted to original domestic money or
ders issued by the government.
CORPORATION TAX DEFEAT.
Mr.. German then offered his amend
ment taxing corporations upon their
gross receipts, as a substitute for the
committee amendment levying a tax
upon express and freight packages and
upon all telephone messages upon
which toll is paid. AS finally proposed, |
Mr.. Germans amendment provided
that the tax upon gross receipts of cor
porations doing business exceeding /
$3.50, 900 a year should be one-quarter of /
per cent.
Mr.. Pettigrew pop, S. ID, sharply |
the amendment, holding that |
the exemption of $25O,00O ought not to !
De made.
The amendment was defeated, q to /
a, as follows: