The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-29
than s25OOOO per annum of one-half of
one per cent.
FAULKNER'S AMENDMENT.

Mr.. Faulkner Of West Virginia, sug-
! gested to Mr.. German that he-accept
an amendment making the tax one
| quarter of one per cent.
Mr.. Turpie of Indiana, while not
| specially Directing TO the proposed
amendment, said Mr.. Germans amend
ment ought to provide for a proper
penalty. He maintained that a mere
fine would be of no avail in the cir
cumstanceS as the corporations would
simply pay the fine in cases where it
was less than the tax He strongly
urged that the penalty ought to in
clude not only a fine but Imprisonment
for not less than six months.
Mr.. Faulkner urged the acceptance
of his amendment, as the finance COM
mittee had carefully considered the
question and had decided that one
quarter of one per cent was sd reason
able and proper tax. He pointed out
that the tax of one-quarter of one per
cent upon the gross receipts was quite
as high as that of two per cent upon
net receipts, as provided for in the law
of 1894.
Mr.. Jones of Arkansas, a member of
the finance committee, said he would
be willing to accept Mr.. Germans
amendment if it We're made to apply
as a substitute only for that paragraph
of the bill taxing railroads, street rail-
roads and other transportation COM
panieS. He objected, however, to Its
substitution for the paragraph levying
a tax upon all corporations.
Mr.. German presented an argument
in favor of his amendment.
Mr.. Lindsay of Kentucky suggested
that as a proposition of law it might
be well for Mr.. German entirely to eX
empt from taxation $3.50, 900 of the re-
ceipts of every corporation. If the re-
ceipts did not reach $250,000 they would
not be taxed. Mr.. German had no par
ticular objection to the suggestion Of
fered by Mr.. Lindsay.
In reply to the suggestion that the
rate of tax proposed should be reduced,
Mr.. German declared that the corpora
lions and their friends were making a
great mistake, in his judgment, in en-
deavoring to escape from the proposed
tax, and to evade their just and equit-
able share of the burdens of war.
DANIEL SUPPORTS THE TAX.
Mr.. Daniel of Virginia said that while
he had no desire unduly to delay the
passage of the pending bill. he thought
a full discussion of its important pro-
visions ought to be had. He favored
the tax upon the gross earnings of cor
porations, and expressed his regret that
objections to it on the ground of its sus-
pected unconSututionality had been
made. These objections he desired to
answer by citing authorities.
He made an elaborate presentation of
his views upon the respective state and
federal powers of taxation, as put in
question by the pending bill, contend
ing that the taxation upon corporations
was warranted fully by the law as ex-
listing, and interpreted by the courts.
HANNA BRIBERY CHARGES.
In the course of Mr.. Daniels speech
the vice president laid before the SEN
ate a communication from the Ohio
legislature, reporting the report of the
committee of the senate in the inves-
tigation of charges of bribery against
the junior Ohio senator, Mr.. Hanna.
The communication was referred to the
committee on privileges.
Mr.. Daniel presented an argument in
favor of an income tax.
WOLCOTT WITH THE BOND JOB
BEERS.
Mr.. Wolcott of Colorado, member of
the finance committee, spoke in advo-
cacy of the position taken by the Re
publican minority of the committee. He
said it was a source of great gratifica- |
ton to him that no political turn had
been given, either to the bill itself or TO