The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-02
PROGRESS ON WAR REVENUE.
senate Dispoxes of n Number Of
ndments 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 not
| arouse probably more than desultory de-
| bate
| The interest OF the session centered in
| the action taken on the amendment OF
| German OF Maryland. levying tax on one
| quarter OF l per cent. on the gross re-
| ceipts Of al corporations doing 9. business
| exceeding $3.50. 600 year. BY a direct vote
| upon II. the amendment was rejected. q
| to 81
| A bin 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 I'D the
absence OF quorum was suggested and
nIteen minutes were consumed In assem-
| bling the requisite number OF senator's
Chandler OF New Hampshire. assuming. he
said. that the majority OF the finance COM
| mittee would insist upon its proposition m
| coin the silver seigIiorage. and that the
| report of the minority would press its
| bond proposition. thought il proper 70
oHer some remarks upon an amendment
| ne mad offered TO the pending bill The
amendment follows:
And il is hereby declared to be the poI-
| ICY OF the United States not TO commit the
| country more thoroughly to the gold stand
ard. but that the efforts Of the govern
ment IN all Its branches shall be steadily
erected 10 secure and maintain the use Of
sIVsr as Wei as gold as standard money
Win the free coinage of both under a
| system of bi-metallism which viii insure
me parity IN value OF the coins of the two
metals, furnish sufficient volume of me-
taiic money and give immunity to The
world OF trade from violent fluctuations in
! exchange"
Referring to the general feature OF the
| bill. Chandler declared that the opponents
| to the existing war should not ba allowed
| 10 make II unpopular by the iniietion upon
Inc people of onerous and iil-advised tax
alton He urged that IL was better 10 await
| the developments of The war before making
| legislative provision for 1t. few months
| hence he thought. 1t would be far easier
than 1t now is TO determine what amount
| of taxation should be levied
chandler announced his opposition 10
| the issue OF lesal tender notes. In his
| opinion, the proposed coinage Of the silver
seigniorage was entirely different thing,
he saw advantages that would accrue
from the conversion of the selgn.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 discussion Of the
nnahdai situation, In which he opposed
the gold standard and advocated bi-met.l-
hsin. In the course OF discussion OF the
ADMINISTRATORS effort to secure interna-
tlonal bi-metalism, Chandler character
izer Secretary Gage sharply for the posi
ZION ne had assumed in attempting ire
vocaoiy to commit the administration 20
the gold standard, and criticised his hos
unity TO silver and international bi-metal-
ism Speaking of the action of the
refer resolution, which reafFrme5 thu
Stanley Matthews silver resoIu,ion he
SAD Secretary Gage had many supporters
| IN the Republican party He said thai
az the head of these who voted for the
Matthew's resolution IN the house was
imam Mckinley. now president. and in
Rhe senate. Mr. Allison. He thought IL
remarkable that what was true and hnrest
twenty years ago was true but dtshones.
now. Chandler said the Republican nary
ala not hesitate 10 reorganize the sunrarne
-purt IN order TO assert the right Of thu
thlted states to Issue irredeemab,e naner
money Tie reviewed the various aeot
Suns OF the supreme court on this sub
Jecf and said that national honor We
rot in danger by The free coinage ~ Si1,,ar
| X x VAS rot endangered by the isz,,a ~
paper 's~s VI
A concurrent resolution directing thu
rO,ilhiss2en appointed 70 codify The e-in,l
hai laws or the United States "a nrenara
80 Suoh'.t 70 congress code Of civil
-, eSiuF" Tor the district Of Alaska wh!cp.
had oeen slightly amended hy the housa
g representatives. was concurred in
Hoar Of Massachusetts made a -o,,,,. ..
part OF Chand.er's remarks rpanEfastlrr
HHcn indignant feeling He sa}a e.
"HttheF the secretary OF the treasury vas
"a "Haneial accord with the adr1ir5s.ra-
ion or with the president t,arsnr.tr,.
W.ih The senate lid nor sem - -
much - effect the bill provi1lrr ~
s!newx 90 war 'RS
stewart made an extended ststa,er,
concerning the supreme oour-'e derist.,
ol.1n me legal tender notes and the in.
come FAX law 4'e H.
- of-1n the general features 81 ~
pending BIN. He particularly, oooosss -.
issue q Vreenbaeks '''V
Af'~n If N@hrsska offered as q -,r1,.,
son 10 TIE bond am enduaenr Of ,na vi.
Ho'tfS q the committee the following,
- Gee; ffaf FN0ept IS fr this a.
P'on'dtd. the secretary % tho freaxf,,,-
saaH net have hereafter authority 10 is-
80 any Dohd oF interest bearing ohlira.
ue1 bnaesS specifically aathorizs~4 10 IN
/ 80 by congress =" I'D
TIRE pending question was upon ..A
amendment OF German. levy;nx a rrce.
tTcetpt TAX On corporations German v.4ta
Grew t5e arnendnasn: temporarily. saving
ne desired % offer II later in such form
as would secure direct vote upon his
proros tIaa. -'~
Consideration q committee armand
nentS Il ne bill was then resumed. Tn.
special taxes we're made q, take -,
I on sDd after July I. fssS
IRE paragraph relating % nv -
ranks was 50 changed * % reduce -
TAX rom - % 81 IN hanks employing
eaF1taI moi exceeding s. ,ssf when u~-
lhA or employing capital EXCEEDING
! s-~'e Ter every additional thousand DOT
| asrS n excess Of g. 0a3 s. ard IN ssh
inanng capiiai tax shan De- computed on
| f7F Bass 90 capital ard surplus q the
pre- sf!ng sal YEAR.