The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-05-28
WAR TAX IN SENATE
German Favors a Tax on
Corporations.
ADVOCATED BOND ISSUE
DIFFERS WITH DEMOCRATS on
COINAGE OF sEIGNORAGE.
TELLER OPPOSED ISSUE OF BONDS
ADVOCATED BOND ISSUE
TELLER OPPOSED ISSUE OF BONDS
Mr.. CockelI Discussed the Financial Question;
in Contention Between the Two Par
ties--For Military Governors
for Islands Acquired bywar.


Washington, May PA notable speech
on the war revenue measure was deliy-
cred in the senate this afternoon. Mr..
German dem, Maryland in the course
Of an argument in support of tax on
corporations, denounced as infamous
the decision OF the supreme court de-
claring the income tax law of 1884 I'M
constitutional. The warning sounded
Ivy some senators that if Il tax were
placed upon corporations it would be
pronounced unconstitutional by the SUI
preme court had he said, had no effect.
a decision against such enactment would
destroy the court which should hand it
down. Mr.. German took decided issue
with the majority of his fellow Dem
oerats upon their propositions to coin
the silver seignorage. and 10 issue legal
tender notes. and made powerful argyll
ment in favor of the issuance Of bonds
to raise funds with which to prosecute
the war
Mr.. Teller (silyer Rep, Colorado
concluded his speech begun yesterday
advocating the coinage Of the Seigniorage,
the levying Of an income tax, and the
issue of legal tender notes, and opposing
the Issue of bonds Mr. Nelson rep.
Minnesota presented Il carefully pre-
pared argument against the Issue of
legal tender notes. In Il speech Of two
hours Mr.. Cockrell Dem., Missouri
discussed the financial questions in
contention between the Democratic and
Republican parties. he urged that the
bill MS reported by Il majority Of the
finance committee be enacted
into law. The bin providing for a sec
0nd assistant secretary Of war was
passed. Mr.. Morgan offered an amend
ment to the war revenue measure. an-
thorizing the president to appoint Il
civil or military governor Of any island
that may be acquired by this government
as a result Of war with Spain. The
amendment also provides for the levy
ag OF taxes and the regulation of cur
rency
At $40 y. m. the senate went into
executive session and soon afterward
adjourned.
HOUSE PROCEEDINGS.
Washington. May 27.-The house was
this afternoon inactive for more than an
hour while a roll call was taken and
the sergeant-at-arms was engaged III
bringing absent members to make q
quorum. The suspension was caused
by Il wrangle growing out of Mr..
Tongues rep. Oregon attempt to de-
liver Il general pension speech when the
house was considering a private pension
measure (NIr. Dalzell Of Pennsylvania,
in the chair.) Mr.. Richardson Dem.
Tenn made the point Of order that the
speech of Mr.. Tongue was not germane
to the pending BILL Mr.. Cannon (Rep.,
Illinois, took issue with the Tennessee
members. The speaker sustained the
point of order and Mr.. Cannon appeal
ed from the decision. Upon the motion
of Mr. Richardson to table the appeal 81
voted in the affirmative and II in the
negative. Mr. Cannon made the point
Of no quorum and action Of the house
followed. 1t was more than an hour
before the requisite quorum appeared.
The bill was then laid upon the table,
yeas 1874, nays 8, and the consideration
Of private bills proceeded. With the
foregoing exception today's session was
without incident
The senate resolution authorizing the
secretary Of the navy to present a
sword Of honor to Commodore George
Dewey and cause to be struck bronze
medals concentrating the battle of
Manila Bay and to distribute them to
the officers and men of the Asiatic
squadron, was passed unanimously with
ont debate. At o'clock the house
took recess until 3. the evening SEES
sion being devoted to the consideration
Of pension legislation. Adjournment was
aiken until Tuesday