The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-21
FIRST READING OVER
Senate Has Disposed of Easy
Propositions.
BONDS AND CORPORATIONS
Are Among the Questions Yet
to Be Settled.
BONDS AND CORPORATIONS

Washington. May 20-At the conclusion
of today session OF the senate the read
ing Of the war measure had been com
pleted. About seTen-eighths Of the
amendments proposed by the senate COM
nittee have been agreed to. Those re-
naming ara. quite naturally. the most
important in ehe bin and viii provoke
a dead of discussion The principal amend
ments yet TO be passed upon are those
relating to the issue OF bonds and GER
tificates Of Indebtedness. the tobacco TAX,
the tax on proprietary articles the issue
of greenbacks. the coinage Of che silver
seigniOrage, the issue of silver certificates,
the inheritance taxx and the tax on cor
porations. The action upon some Of the
amendments will be dependent upon Chat
on others. Mr.. AIdrioh. rep, R. ID TO-
day offered as a substitute for the para
graphs relating To the coinage of the
seIgniorage. the issue of silver certifi-
Gates and the Issue of legal tender notes,
the bond provision prepared by the Re
publican minority Of the committee on
finance IF the bond provision should be
accepted by the senate the amendments
offered by the Democrats in lieu of It
will NATURALLY be rejected. Mr.. Daniel
Dem, Va delivered speech opposing
an issue of bonds and supporting the sub
stitute paragraph proposed by the Dem
ocratic majority of the finance commit
tee
PRELIMINARIES.
Soon after the senate convened Mr..
Hale CIe.) chairman of the committee on
naval affairs, favorably reported from the
committee. the house joint resolution pro-
viding for the enrolment Of an aux
Hilary naval force which shall form an in
ner line Of defense An amendment by the
senate committee provides that the force
shall not exceed 1000 men The resolution
was passed.
A bill was reported from the committee
on INDIAN affairs authorizing the secre-
tary Of the treasury to refund s15.335 TO
the Milwaukee and St. Paul Railway
company. the sum having bee deposited
In the United States treasury many years
ago as a guarantee and for which no
value was received. The bill was passed.
A joint resolution was also passed call
ing upon the secretary Of war for re-
port on the Sabine Pass improvements.
WAR BILL RESUMED.
At the conclusion of the morning bust
ness. consideration of the war revenue
measure was resumed.
The pending question was upon section
% Of the bill. which had been stricken out
by the senate 0ommittee The section
authorizes every firm or corporation seE-
ing goods under contract 70 add to the
price such tax as might be levied by the
law.
Mr.. German (Nd) thought the para
graph ought not to be stricken out.
Mr.. Wolcott CCoIo-) advocated the elm
nation Of the paragraph. He argued that
the question involved could well be set
tied between the parties to the contract
He thought If the law now gave the seller
the right to receive the tax in addition
20 the contract price no legislation was
needed The committee amendment strik-
ing out the paragraph was agreed to
To the stamp tax provision. the comx
mittee, through Mr.. Aldrich, offered an
amendment in the nature of a substitute
for the committee amendment, regarding
board Of trade and stock exchange trans
actions. The substitute reads;
Upon such sales. agreement Of sale,
or agreement to sell. OF any products or
merchandise at any exchange or board
Of trade or any similar place. either for
present or future delivery. for each 500
IN value Of said sale OF agreement 10
sell or for each additional 500 or frac-
tional part thereof in excess thereof
cent"
The amendment makes provision for the
levytng and collecting Of the tax imposed.
The amendment was agreed TO.
Mr.. DANIEL SPEAKS.
Mr. Daniel CVa-) then addressed me
Senate on the general PROVISIONS Of the
bill. in advocacy of it, occupying the
floor over two hours.
Every man IN congress, whatever his
political affiliations, MIR. Daniel said.
stood squarely behind the president and
individually and collectively would give
him earnest and sincere support. He
maintained, however. that absolutely no
necessity existed for plunging the country
into a great bonded debt on account Of
the existing war. He was unwilling. he
said, TO mortgage posterity, 20 burden
future generations with a debt the ex-
ample Of which would be a constant temp
tation to extravsEances.
Mr.. Daniel main aimed that the authors
Of the house bill had protected the wealth
and taxed the property Of the country
Mr.. Daniel said the stamp tax was the
most ofious and pesJiferous tax invented
by man It was tax which must be paid
daily.
The corporations. ne thought. ought 10
be willing - he taxed their share Of the
burdens imposed by the war and many
would receive great sums Of money from
the government itself on contracts for
war supplies.
In conclusion. he expressed the hope
that the committee amendment levying
the TAX on corporations would be agreed
to, as he was assured many Of the corpo-
ratio1s themselves would not object and
the people certainly would heartily ap-
prove Il.
TONNAGE AND LEGACIES.
The committee amendment striking out
one tonnage tax was agree 10.
The committee Amendments relating 20
the TAXATION OF legsscies and distributive
shares OF personal property was read A
TA~ nSER