Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-05-17
MIR. ALLIsON's STATEMENT.
His Estimate of Expected Receipts
From the Revenue Bill.


From the Revenue Bill.
Mr. Allison continued his statement in the
Senate yesterday afternoon regarding the
revenue bill until the Senate went into ex-
ecutive session, when the bill was laid aside
as the unfinished business, to be called up
each day after the morning business.
Mr. Allison stated that the estimate of
totals under the bill reported independ-
ent of the democratic amendments were
based upon estimates upon the same ar
ticles from the Office of internal revenue
for the fiscal year ending in 1892 and that
the exact figure was $151,0p0000.
Mr.. Allison said he was satisfied the esti-
mate on internal revenue to be derived
from fermented liquors was less than 1t
should be, and he thought the increase
would bring it up SO as to cause it to ex-
coed $50, 0000 900 He said also that while
the tobacco schedule had been materially
changed the total yield of the bill on this
score as reported to the Senate would not
greatly exceed that of the House bill. He
thought it reasonable to estimate the in
crease that the bill as reported by the Sem
ate would give over the present returns on
these items would not fall below $50 ,O00, 900.
On the other hand, possibly the estimate on
theater and circus licenses would fall below
the figures given. AS matter CT fact the
estimates We're all necessarily far from &C
curate, they were based largely upon The
returns of the census of 1890 H. gave il
Illustrations to show the rapid increase of
business for the purpose of showing how
impossible it was to estimate upon past
years bases.
The Democratic Amendments.
Taking up the amendments inserted with
out the cooperation of the republican
members of the finance committee and
known as the democratic amendments, Mr..
Allison expressed the opinion that in addi-
ton to the greenback and seigniorage pro-
visions these would yield S75,000,000 in the
aggregate, in addition to the estimate of
$150 100000 already given. His estimate in
cluded from $1,000, 900 to Sc, 0000OO on trans
portation companies, $75U,O00 on telegraph
companies, $2,UU0,C0O or 100000 on insur-
ance companies, 10000 on banks and
$40 900 on corporations.
Mr.. Allison criticised with considerable
severity the provision for taxing corpora
tons, saying that it would be especially
severe upon stockholders in small corpora
tons, and that it also liable to cause
double taxation.
In conclusion, Mr.. Allison said 1t was
the purpose of one portion of the Senate
to authorize the Secretary of the Treasury
to borrow from time 20 time $500 900 900, or
50 much thereof as might be needed for
war purposes exclusively and to issue per
cent bonds in lieu thereof 1t was also the
purpose to authorize the Secretary to issue
certificates of Indebtedness for $100, 600, 600
to meet any deficiency liz the running eX-
penSeS of the government.
Mr.. White (Cal) said he wanted to call
the Senates attention to the fact that the
propriety of placing an equitable tax upon
the oil refining interests, the sugar trust
and other great monopolies would be forced
upon the Senate. The idea was to place
some CT the burdens of the present war
upon those who We're able to bear Them as
well as upon those who use a little tobacco
or take an occasional glass of beer.
Mr.. German tnfd) inquired if the bill as
reported to the Senate did not levy tax of
one-fourth of one per cent on the very in
terests that Mr.. White referred to. the
same as upon smaller corporations.
Mr.. White admitted that it did, but he
thought the Senate ought to have full JUS
tice and equality in view.
After it was agreed the revenue bill would
be the unfinished business the Senate adj
journed until today.