The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-21
Now Comes the Final Struggle In
the Senate.
THE REPUBLICAN SCHEME
BOND PROVISION OFFERED BY
SENATOR ALDRIcH.
All Amendments Have Been Disposed
Of Except the Important Ones Re
lating to Bonds, Silver Coinage,
Greenbacks and Corporation and
Inheritance Taxes.

! Washington, May 20.-At the conclu-
sion of today's session of the senate
the reading of the war measure had
been completed. About seven-eighths
of the amendments proposed by the
senate committee have been agreed to.
Those remaining are quite naturally
the most important in the bill, and will
provoke a deal of discussion. The
principal amendments yet to be passed
upon are those relating to the issue of
bonds and certificates of Indebtedness,
the tobacco tax, the tax on proprie-
tary articles, the issue of greenbacks,
the coinage of the silver seigniorage,
the issue of silver certificates, the in
heritance tax and the tax on corpora
tons The action upon some of the
amendments will be dependent upon
that on others
Mr.. Aldrich (Rep. r. u, today offered
as a substitute for the paragraphs re-
lating to the coinage of seigniorage,
the issue of silver certificates and the
| issue of legal tender notes, the bond
provision prepared by tho Republican
minority of the commit, A on finance.
If the bond provision 3 lid be ac-
cepted by the senate, the amendments
offered by the Democrats in lieu of it
will naturally be rejected.
Mr. Daniel Dem. Va-), delivered a
speech strongly opposing an issue of
bonds and supporting the sub-para
graphs proposed by the Democratic ma
! jority of the finance committee.
AUXILIARY NAVAL FORCE.
| Soon after the senate convened Mr..
! Hale of Maine, chairman of the COM
mittee on naval affairs, favorably re-
ported from the committee the house
! joint resolution providing for the or /
ganization and enrolment of an aux
Hairy xt-li ha an
! inner line of defense. An amendment !
by the senate committee provides that |
| the force shall not exceed 5000 men. |
The resolution was passed.
WAR REVENUE BILL.
At the conclusion of the, morning
business consideration of the war reve
nue. measure was resumed.
The pending question was upon sec
ton % of the bill, which had been
stricken out by the senate committee.
The section authorizes every firm or
corporation selling goods under con-
tract to add to the price such tax as
might be levied by the law. The COM
mittee amendment striking out the
paragraph was agreed to,
To the stamp tax provision the COM
mittee offered an amendment in the ma
ture of a substitute regarding the tax
on board of trade and stock exchanges
transactions. 1t reads:
upon such sales, agreement OF sale,
or agreement to sell any products or
merchandise at any exchange or board
of trade or any similar place, either
for present or future delivery for each
500 in value of said sale or agreement
to sell. one cent, and for each additional
500 or fractional part thereof in ex-
cess of 500, one cent.
The amendment makes provision for
the levying and collection Of the tax
imposed The amendment was agreed
to.
DANIELS AGAINST BONDS.
Mr.. Daniels Cva.) then addressed the
senate on the general provisions of the /
bill. $
Every man in congress, whatever his /
political affiliations, Mr. Daniel said, c
stood squarely behind the president and {
and collectively would
give him earnest and sincere support. I
He maintained, however. that absolute !
ly no necessity existed for piunging +
the country into great bonded debt on I
account of the existing war. He was
unwilling, he said, to mortgage poster a
ity, to burden future generations with c
a debt, the example of which would be L
a constant temptation to extravaganza. &
Mr. Daniel maintained that the authors a
If the house bill had protected the s
vealth and taxed the property of the
Mr.. Daniel said the stamp tax was
the most odious and pestiferous tax 7
invented by man. 1t was a tax which
must be paid daily. The corporations,
he thought, ought to be willing to be
taxed their share of the burdens i'm y
posed by the war, and many would re-
ceive great sums of money from the Il
government itself for contracts for war :
supplies. In conclusion he expressed
The hope that the committee amend t
nent levying the tax on corporations n
would be agreed to, as ne was assured =
many of the corporations themselves
would not object and the people would !,
most heartily approve it. =
The committee amendment striking =
)ut the tonnage tax was agreed to.
INHERITANCE TAX.
The committee amendment relative to o
he taxation of legacies and distribu- ID
i've shares of personal property was
cad. y committee amendment making
he 'legacies excepted $4,000, instead OF ..
3, coo. was agreed to.
Mr.. Lodge could see no good reason )
or excepting requests from wife to II
husband or husband to a wife. He, q
therefore,, moved that the provision y
making this exemption be stricken from y
he bill. Mr.. Lodge said he was in ia Z
or of an inheritance tax. but any eX- -
mptions or exceptions were unfair. .
Mr.. EIkins opposed the levying, by u
he general government, of an inheri- =.
ance tax. ~
Mr.. Lodges amendment was rejected. - -
Pending the discussion of an amend :.
lent by Mr.. Bacon, the inheritance -
AK paragraph was passed over. u
Upon the completion of the reading >,
f the bill Mr.. Aldrich offered the bond -
revision and the provision authorlz- -.
lg certificates of indebtedness. as sub
titutes for the sections of the bill re- =,
orted by the majority of the commit y,
se, providing for the coinage of silver ~
signiorage, the issue of silver certif- ="
ates and the issue of United States =,
otes. -
The bill was then laid aside. g.
The senate, at 4:35 p. m, went into o1
Cecutive session, and shortly after
ards adjourned until tomorrow. CO
L