The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-02
Standard Oil Company and Sugar
Trust to Be Taxed.
WAR REVENUE MEASURE
Gorman's Amendment Taxing Corpora
tons Doing Q Business OF More
Than s26o.ooo a Year
Was Defeated.

At hhdt
revenue measure. The committee
amendments on nearly so age of the
bill were passed upon. and the senate
nearly reached the principal questions
at issue between the contending par
ties. These remaining questions have
already been discussed pretty thor
oughly, and aside from a few set
speeches yet to be delivered. will not
arouse probably more than desultory
debate.
The interest of the session centered
in the action taken on the amendment
of Mr.. German. dem, Nd, levying a
tax on u of l per cent on the gross re-
ceipts of all corporations doing a busi-
ness exceeding x250. 900 a year By a
direct vote upon II, the amendment
was rejected, % to "a. Mr.. Pettigrew,
pop. s. D.. offered the German amend
ment with the aus containing $780,
900 exemption stricken out, but IL was
defeated. 20 to 81.
Mr.. White, dem, Cal, then proposed
the German amendment, SO modified
that it levied a tax of u of l per cent
upon all corporations engaged in the
refining of sugar or petroleum. The
California senator explained that he de-
sired to see a tax levied on the Ameri-
can sugar trust and the Oil
company. The amendment prevailed
by a vote of 80 to 26. 1t was supported
by % democrats. 4 republicans. 5 popu-
lists and 2 silver republicans. and was
opposed by "a republicans and 2 demo-
Gratis.
A bill for the protection of the home
stead settlers who entered the military
or naval service of the United States in
time of war was passed by the senate
at the opening OF to-day's session. The
lLfI x~..slZ ,H. a.. aar..spa IL, tho NNar
with Spain shall be considered as resi-
dence and work upon the land and that
by enlistment the claim shall not be
forfeited.
! When the wal revenue bill was taken
up the absence of a quorum was sug-
gested and 10 minu-es N.ere consumed in
assembling the requisite number of sem
ators. Mr.. Chandler, rep, N. H., as
Stunning. he said. that the majority OF
the finance committee would insist upon
its proposition to coin the silver seign-
forage and hat the republican minority
would press its bond proposition,
thought it proper to offer some remarks
upon an amendment he had offered TO
the pending bill. The amendment fol-
lows: And ii is hereby declared to be
the policy of the United States not to
commit the country more thoroughly to
the gold standard, but that the efforts
of the government in all its branches
shall be steadily directed to secure and
maintain the use of silver as well as
gold as standar money, with the free
coinage of both under a system of BIZ
metallism which will insure the parity
in value of the coins of the two metals
and furnish a sufficient volume of me-
tallic money and give immunity to the
world of trade from the violent fiuctua-
ions in exchange"
Referring To the general features of
I fha hill Mr. Chandler haala red that the
opponents of the existing war should
not be allowed TO make IL unpopular by
the infiiction upon the people OF onerous
and ilI-advised taxation. He urged that
It was better to await the developments
of the war before making extensive pro-
vision for it. A few months hence, he
thought, il would be far easier than ii
is now, to determine hat amount of
taxation should be levied.
Mr.. Chandler announced his opposi-
ton to the issue of legal tender notes.
In his opinion. however, the proposed
coinage Of the silver seigniorage was an
entirely different thing. He saw adj
vantages that would accrue to the coun-
try from the conversion of the %seignior-
age into money. and not the least dam
ger. He was not in favor of 10-year 3
per cent. bonds as the cheapest way OF
raising needed funds for the prosecu-
ton of the war. Mr.. Chandler then be-
gan a discu ssion of the financial situa-
ton. in which h opposed the gold
standard and advocated bimetallism.
In the course of a discussion of the
ADMINISTRATORS effort to secure inter-
national bimetalism. Mr.. Chandler crit
icised Secretary Gage sharply for the
position he had assumed in attempting
irrevocably to commit the administra-
ton TO the gold standard. and criticised
his hostility to silver and international
bimetallism. Speaking of the action of
the Teller resolution. which reaffirmed
the Stanley Matthews silver resolution,
he said that Secretary Gage had many
supporters in the republican party. He
said that at the head of those who vot-
ed for the Matthews resolution in the
house was William Mckinley, now
president. and in the senate William b.
Allison of Iowa. He thought II re-
markable that what was true and hon.
est 20 years ago was true but dishonest
now Mr.. Chandler said the repub-
lican party did not hesitate to reorgan-
ize the supreme court in order to as
sert the right of the United States to
issue irredeemable paper money. He
reviewed the various decisions OF the
supreme court on this subject, and said
that national honor was not I'm danger
by free coinage Of silver II II was not
endangered by the issue OF paper.
A concurrent resolution. directing the
commission appointed to codify the
criminal laws of the United States. TO
prepare and submit to congress a code
OF civil procedure for the district of
Alaska. which had been slightly amend
ed by the house OF representatives, was
concurred in.
Mr.. Hoar Of Massachusetts, made a
reply to a part of Mr.. re-
marks. manifesting much indignant
feeling. He said that whether the sec
rotary OF the treasury was in f~nancia
accord with the administration, with
the president personally or with the
senate. did not seem to him much to
ahect a bill providing the sinews of the
existing war.
Mr., Stewart made an extended state
ment concerning the supreme courts
declslon upon the legal tender notes
and the income tax law.
MI Bate, dem. Tenn. read a pre-