New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-21
REGULAR REPORT OF PROCEEDINGS

washington.
to-day Mr. HALE Rep, Me-. chairman OF the
Committee on Naval Affairs. favorably reported
the House joint resolution providing for the or
eanization and enrolment of an auxiliary naVai
force. An amendment by the Senate Committee
provides that the force shall not exceed three
thousand men. Tho resolution was passed
At the close Of the morning business considera-
tion OF tho War Revenue bill was resumed. The
pending question was section o. which had
been stricken out by the Senate Committee II
authorizes every firm or corporation seiiins sooos
under contract to add TO the price such tax as
might be levied by tho law. The committee amend
ment striking out the paragraph was agreed TO-
To the stamp tax provision the committee.
through Mr. Aldrich Rep.. r. ~. offered an
amendment in the nature Of a substitute for tho
committee amendment regarding the tax on Board
of Trade and Stock Exchange transactions. Tho
substitute reads as follows:
Upon each SALE agreement of sale. or agreement
to sell. Of products or merchandise N, at any
Exchange or Board Of Trade or other Jar @
in value Of said sale or agreement OF SAFE or
cns @ % % actons par in Of
500. one cent.
The amendment makos provisions for tho levyns
and collection Of tho tax imposed. 1t was agreed
TO.
Mr.. DANIEL Ocrn.. va.) then spoke on the gen.
eral provisions Of the bill In beginning. he said
that Congress had no intention OF abrogating Its
functions. 1t would come together as usual next
December, and would then be prepared to furnish
an additional supply Of men and means to the Gov
,ernment, II at that time they should be needed.
He could conceive of no conditions in which the
President would not be armed with every man
and every dollar necessary for the conduct OF the
war. Every In Congress. whatever his politi-
cal Affiliations. stood sQuarey behind the Presl-
dent and individually and collectively would give
him earnest and sincere support. He maintained,
however. that absolutely no necessity existed for
,plunging the country into great bonded debt on
account Of the He was unwilling to mortgage
posterlty with a debt. the example OF which would
b a constant temptation to extravaganza. He
urged that every effort be made 10 pay the ex-
perses Of the war as II proceeded.
Mr. MENERY Oem.. La) proposed amend
ment TO the paragraph placing tax on all cor
poratons not specifically designated providing that
tho law should not apply TO limited liability COM
1nercial partnerships or corporations. and compa-
MES or corporations OF limited liability conducting
planting or farming business. or preparing for mar
,ket products Of the soil" He said that the cor
poratons he referred TO were really corporations
only in name.
At Mr. Aldrichs request the question was passed
over for the present
TONNAGE TAX STRICKEN OUT.
Tho committee amendment striking out the ton
mage tax was agreed to. The amendment relating
TO the taxation Of legacies and distribution OF
shares Of personal property was read. commit
tee amendment making legacies excepted slo'ooo
instead Of 1900 was agreed 10.
Mr.. LODGE Rep.. Mass) maintained that tho
proposed tax might be left to the various States.
and not be levied by the United States. II
the tax were to be levied. however. 1t ought to
bo graduated eQuitably He did not believe that
. man who received a. bequest OF 5000 from an
sster Of tax SSn he Who received the sam.
from a small estate. He urged that II an IN,
heritancs tax were TO be imposed-and ne doubted
the constitutionality Of such tax-it ought to be
Nj. BACON Dem.. Ga) inquired Of the commit
from payment Of tho tax and not the orphaned
Sir. WoI>cOrr Rep, CALI replied that the COM
nittee had to draw the line somewhere. and 1t had
been drawn on all legatees from the Wife down
the entire course OF succession line proposed tax
Mr.. Lodge could sec no good reason for except
ing requests from wife TO husband. He there
fore moved that the following provision be stricken
al issas!:: g, property p:s:ns BY win or
81 a x g.
tax. but any exemptions or exceptions were un-
fair The objection to the committees proposition
was that II took away from the States one Of
State taxation was narrow at best. and II the Cen
-orai Government should take away from the States
the inheritance taxes and the tax on banks and
Mr. ELKINs qsep., w va.l opposed the ievyins
X nat ans e. o me not var
6ortgaging the future
Mr. LODGES amendment was rejected.
recon. the Inheritance tax paragraph was passed
ss sssssf e bon. an s.S bee.
A - authorizing certificates of Indebtedness a.