The San Francisco call., 1898-05-25
DENOUNCED BY LINDSAY.
KENTUCKY DEMOCRAT NOT
 WITH HIS PARTY.
Opening Prayer of the Chaplain In- cludes 8 Plea for a Union of English Speaking
 Races.
Special Dispatch to The Cali.
Call Office, Riggs House,

Call Office, Riggs House, Washington, May A.
 That feature of the war revenue
 measure placing a tax of one-quarter | of l per cent upon thc gross receipts of corporations was under discussion
 in the Senate throughout the days ses-
 sion. Incidentally the proposed tax on bank deposits was adverted to. The principal speeches were delivered by Platt (R.) of Connecticut and Lindsay (DD of Kentucky, both of whom strongly attacked the corporation tax. The Senate chaplains invocation at the opening of the session was a hymn of thanksgiving for the seyenty-ninth Queen of Great Britain" The prayer was as follows:
 O thou Prince of all Kings, we come into thy presence with a hymn of thanks giving we celebrate the seVenty-ninth birthday of her gracious Majesty the Queen of Great Britain and Ireland and Empress of India, whose conduct and character as daughter, wife, mother, friend, as well as gracious sovereign. has won and kept for her the loyal devotion of her own people and the reverent re- gard of all true people, of whatsoever name and race, around the globe We pray thee to spare her life, grant her health, maintain the eminence of her sovereignty, and when the departure hence shall come may she go in peace. comfort and joy. Knit the hearts of the people who speak the English tongue more strongly together, that we may work out the mighty problem of the highest civilization of the whole earth.
 After the transaction of some routine business the war revenue measure was laid before the Senate. By agreement paragraphs relating to corporation taxes were under consideration, the pending question being the amendment of McEnery of Louisiana, exemptlng from the corporation tax limited liability commercial partnerships or corporations and companies or corpora tions of limited liability conducting planting or farming business or pre- pairing for market products of the soli.
 Allen of Nebraska thought 1T the amendment included the big sugar cor porations it ought not to be adopted Daniel of Virginia expressed his oppo- sition to the amendment, saying that he thought farming and planting inter ests were sufficiently protected ln the pending bill Frye of Maine declared that the proposed tax on corporations was a good scheme to encourage enlist rnent in the United States army.
 T fully and firmly believe" said he, that if this feature of the bill be en- acted into law one million men will be out of work"
 Platt of Connecticut declared that the corporation tax was unnecessary and he believed it unconstitutional.
 Lindsay of Kentucky, in the course of an extended legal argument upon the corporation tax feature Of the Dill, said it was impossible for the Govern ment to levy taxes of this kind except on consumption and on industry He maintained that it was the part of wis dom for Congress to enact only such legislation as would be beyond con troversy in the courts. In this time of great emergency. in the country's his tory Congress ought to give to the Gov ernment dollars and not lawsuits with which to conduct the war.
 In the course of a discussion of the question of issuing bonds and the legal tender notes, Lindsay maintained that the paper money issued during the Civil War was the dearest kind of money. The largest part of 1t bore ln- terest at the rate of or z per cent, while the bonds proposed in the pend ing bill called for only 3 per cent inter- est. If his bill should become law as it stands, Lindsay urged, the Republi- can administration would redeem the greenbacks issued under it in gold, and would, if necessary, sell bonds under the act of 1875 in order to get gold. He further maintained that by the pro- posed issue of legal tender notes the De1nOcIalS III IdNOl OL ouNh ioou HS1 V simply placing that power in the hands of spectators to raid the gold re- serve of the Government.
 This bill." said Lindsay. "con- templates that we will use all the money in the treasury except the $100, GOO, GOO of gold held as redemption fund and that we will issue greenbacks so that at the end of the year all the money in the treasury will be the hun dred million of gold"
 Lindsay then presented the SUD- posititious case of syndicate present. ing greenbacks at the treasury to the full amount of the gold reserve and drawing 1t out, and then that of an hundred millions of greenbacks the next day.
 Where" he inquired, 'fs the gold to come from to meet the second de- mand ?"
 Lindsay maintained that the syn dicates would raid the gold reserve of the Government and that if the legal tender notes were issued they would certainly be redeemed in gold, and if reissued would again be redeemed in gold.
 We shall have an opportunity then" said Cockrell, ito test the patriot ism of holders of greenbacks and see whether they will raid the treasury to obtain its gold. I'd like to know whether they are such unadulterated patriots"
 The difference between me and the Senator from Missouri" replied Lindsay. lis that he still believes the gold raiding syndicates are patriots and do not. They will take every ad- vantage offered them, even in time of |