The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-29
REVENUE BILL.
rax Feature NStill the
ling Feature.
N AMENDMENT IS TABLED
~ TO gilt Proposed to
operations Earning $500
600 n Year GROSS.

Toll morning OF some routine bust
s#Nl srate resumed consideration OF
,Nki syenue measure. the question
;sIk KS. amendment ofiered BY MIR. Cor
'H1a a., Md, which provided for
;Ef Sxcise tax upon all corporations,
'Nf coss receipts arc more than s25O.-
.Fff anpum OF one half of per cent.
sE',E sorman led an argument in favor oil
'tEE8 ,endment,
xSf " lindsay (Ky) suggested that as
htE NON of law, it might be well for
|Mfl man entirely 10 exempt from tax
'HR{ by,ouU oil the receipts OF every coz
|Ext Al Inc receipts ala not reach
hh they would not b. taxed.
WI Eorn.an had no particular objection
tfTs jsuggtstion onered by Mr, l,ihnsAy.
Hts feply TO the suggestion that lne Iate
%fs axes proposed should be reduced. ar.
A 3riilan SAID that the corporations ana
Es'ssaer lrienus weIe maNng sreAt nlsta"e'
NN thought, in trying 10 escape the pro-
yfi psed TAX
VII MIR. Daniel (Va) said while he had no
NJ Esiie TO uuduly delay tla passage OF the
* ending bill, he thought Iull discussion
stst lis important provisions should be mad,
Ehas favored tax upon the gross receipts
xfNE corporations ana expressed his regret
fhkaat OBJECTIONS to it on the ground OF its
u Inspected uneonstitutlonallty had been
III ilacc.
4; In the course of Mr.. Daniels speech the
ShNice president laid before tx senate
81 g31mmunicaton from the Ohio legislature
u announcing the report OF the Ohio senate
Il, ,omnllttee of investigation OF the charges
skf bribery against the junior senator. Mr.
lama Tho communication was referred
fgkD the committee on elections.
y MIR. Daniel presented an argument In
Ii klyor OF an income tax.
sAIt Mr. Woleott tColo.J, member oil the mn
X nee committee. followed In a proposition
lafaken by the republican minority commit-
Yt}se. He said It was source OF great graft
! liscation to him that no political turn had
4 II ean given to the LII Itself or to the de-
4 3 ate thus far. Until tha Hawaiian anneNa-
son amendment had been offered to the
aaill not one feature had been suggested
nat was not perfectly relevant 10 H. lie
n II ejoiced that the amendment had not been
< rored by Western senator, who Ger
4 e linly would have been charged, In doing
& o. with an effort TO ohstruct tn, pending
Il lieasure Whatever might be the individual
t pnions of senator's upon the Hawaiian
q ueston 1t was to him perfectly clear that
ah should not have been tackled as a rider
Y . tho revenue hill
''N Mr.. Wolcott referring 10 the dcsirnbility
4& I placing the government in excellent nn-
4 metal coalition at this time, said he was
n atished that. with tlrs exception OF Great
h Britain, no European country could con-
uct war with tna United States which
4 soud be SO expensive rs would the war
With Spain. No other foreign country eS-
#9 ept Great Britain had colonies which In
y line of war would be necessary for the
United States to occupy. No man could say
,% hat war would come 10 a speedy conclu-
Ion and 10 could not be said that it might
lot rcselt in complications OF The most
'f erious nature. 1t would require but n
park TO set the whole of Europe alamc
and that spark might be struck from the
Washing swords of the United States and
&fspain at any moment He did MOI believe
fH3hat any country In Europe would inter
gene between the contending pations ex-
,ept on grounds Of pure hlimaiAtf, Tor no
bower cared to assume the risk of A war
oniiagration that might sweep the evil
zed world
Referring to the suggested onmity of
4 q France TO tho United States Mr.. Wuicott
n declared the papers OF the country did not
Hreliably announce the sentiments OF
France. He was personally familiar with
# h. situation In France and was satisfied
hat except IN tho newspapers and among
HI . few OF their followers; French sentiment
toward the United States was most iticnl-
Il ~. He said the president of France was
" = staunch friend OF America and was In
& perfect consequence with our ideas. Ma
II complications he was certain would arise
complications might spring. however the
III United States must be ready TO meet them
with composure, dignity and honor.
NN Tho attitude OF Great Britain during the
present war had been, he said, OF incalcul-
able benefit to this country.
3' He then entered upon discussion OF tbs
1, panding bill strongly advocating the i,sui
4, OF bonds as proposed By the republican
minority of the finance committee aud tbs
N proposed stamp tax, Addressing himself
'ts'to the coinage OF seignioMge Mr., Wolcot
y 3adyocated the provision as II general prop
sios.iion. but offered an amendment dirocs.
s{ing the coinage TO proceed at the rate O
mot less than $4,000 900 per month, ana au,
H Athorizing the secretary OF She treasury e
stissiie silver certificates ms the silver i
lil coined. He attacked the propossrion I,
h issue Si5o,o0o000 in grcenbacks. Conclud
ing his speech Mr.. Wolcott supported tn,
II minority bond provision providing for
Il bend Issue In the nature of a popular loan
which could be taken by the people gen
n orally.
.tH AT the conclusion of Mr.. Woioott
!, srecch proposition was made to vote uno,
the amendment offered by Mr., German lin
III iting the excise tax upon railroad. steam
boat electric lights telegraph, telephone
y express and other corporations to thos
whose gross receipts exceed $3.50 600 annll