The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-28

/ H. III \ sias. ~. 81 sDsnccisns -
] ne sSoiSat de s~timats u Mi. DInsls,
4 (t26, O0O, O0O) 3 month for war expenses Z
Irkasunable one Mr.. Bailey contendcd fol
the proposition to coin $4S,0JU,00O OF thu
| scigniorage, and thought an issue OF $685..
100000 OF legal tender notes could be added
with propriety. The grccnback circulation
could be extended that far without danger
The gentleman from Maine tDingley) adj
vocated the placing OF bonded debt upon
| this country Of $600.000.000. Whenever the
countrys credit ought to be pledged he
would be willing to do this. but there was
not In his opinion, any necessity for mort
gaging that credit at this time.
Eve PROPOSE said Mr.. Bailey, ITO tax
| the rich men now rather than to mortgage
the energies Of the poor men for coming
generations" applause on tho democratic
| side.)
Discussing the question OF the supreme
courts decision on the income tax he de-
clared that no question was ever settled
until II was settled rightly.
MIR. Bailey then entered upon an ex-
tended argument on the constitutlonallty
tf an income tax. combating the theory
that II was a direct tax inhibited by the
constitution. Mr.. Bailey said the income
tax provision which the minority had
McMillin, was drawn to meet that portion
OF the courts decision which was unani-
nous and which he CO. Cured In by ex-
empting National, State. county and mus
nicipal bonds. Mr. Bailey declared that the
income tax was the most Just tax ever con-
ceived. a sa @.-s
!, III I were rich and prosperous" con-
cluded Mr.. Bailey,"I would contribute my
part to my country In time OF stress, be-
cause | would not want 1t said In the his
tory OF these times that the poor gave more
of their blood than the rich was willing
to give of their treasures. tApplause.)
Mr.. DollIver (Rep.. Iowa) member OF
the ways and means committee. was rccog
nized. He was listened TO closely and FREE
quently interrupted by applause
Mr.. Bell tPop., Colo). In stating the po-
sitioD of the populists. announced his op-
position to the bond provision of the bill,
Mr.. Sayers (Texas), In n ten-minute
speech, said that the bill proposed to place
at the disposal of the government $3.50 00D.-
900 in addition TO the ordinary revenues.
The expenses OF the civil war In 1864 were
81, 100, 100000, But the government was then
supporting an army OF 1900, 900 men and
iieets containing four times as many war;
ships as we now have, While no ono would
30 further in the support OF the govern
ment With these facts before him, he felt
convinced that s6s0,000,000 was vastly too
large sum to appropriate. II was danger
Gus. The corridors OF the capitol already
with men seeking contracts The
president would be more than human II
he could resist their opportunities. Then
discussing the provisions of the bill he
asked why the taxes were to be exhaustive
~ levied against the poor. Why did not
the rich railroads bear part of the burden7
Why did not the colossal Standard Oil com
pany bear n share? The burden should fall
equally on all In this
Mr. Lacey rep. Ia.) gave notice of an
TO prevent the invalidaton of
Instruments on which the stamps due
We're inadvertently omitted.
Mr. Ridgey closed the debate for the
afternoon with some brief remarks in op-
position TO tho bond feature of the bin
AT D. m. the house recessed until
o'clock.
The night session OF the house was de-
voted to brief speeches by members who
were unable TO secure the time during the
day Many OF the speakers only had time
to ask permission to extend their remarks
in the record Only two republicans spoke
tonight. The democrats and populsts all
OPPOSE the bond proposition.
The Sneakers were Messrs. Kleberg
Dem, Texasl Wheeler tDem. KyN,
Lewis tDem,, Wash.). Green Pop, Neb),
Howard tDem. MOI, Johnson C)em. MOI.
Davis tDem, fla.). Lentz tDem., Ohio).
and Mr. Mcdowell Dem, Ohio). AT to,so
the house adjourned.