Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-02
OIL AND SUGAR TRUSTS
The Senate Votes by 80 to rs to Tax
Them.
Air. Germans Corporation Amend
nrcnt To the War Revenue Bill
Rejected by "a to 20.

The interest of the session centercd in
the action taken upon the amendment of
MI German, levying tax of one-quarter
of ole per cent upon the gross receipts of
al corporations doing a business exceed
ing S:lO1Jp year. BY direct vote upon
il the amendment was rejected-2I to 81.
Mr. Pettierew Of South Dakota offered the
German amendment with the clause con-
Il inirg the $50 C0O exemption stricken out.
but 1t was defeated by vote of - to 81
Mr.. White of California then proposed
the German arnendr1ent modified that
l. !evics tax of One-quarter of one per
cent upon all corporations engaged in re-
firing Of sugar or petroleum. The Cali
f0rria senator explained that he desired to
So. a TAX levied the American sugar
trust and the Standard oil Company The
au-an Inlent prevailed by a vote of ~ to ~
II WAS supported by twenty-five democrats,
four republicans. five populists and two sill
Yer republicans and opposed hg twenty
fCar repubiicans and two democrats.
After The Stars report of the Senate
Procl sdings closed yesterday afternoon
MI. Chandler disclaimed any intention
either TO criticise or asperse President
Grant or Attorney General HOar. that
distinguished son of Massachusetts" and
n cid not think such charge was a fdir
deduction from his remarks.
Mr.. Stewart made an EXTENDED statement
concerning the Supreme Courts decision
upon the legal tender notes and The income
tax Law.
hr. Hates Speech.
Mr.. Bate CTern) read a prepared speech
upon the general features CT the pending
bill. He particularly opposed the issue of
bonds, saying that because We're about
TO triumph over Spain in war it was rot
Necessary TO smother her with vast bond
Issue He intmated that the bond issue
proposition bore with it the shackles of the
geld standard. and while freeing the people
OF Cuba, II was the purpose CT the admin
tO =
eI:ing upon them the gold standard
MI Bate supported the contention OF a
majority of the finance committee for
corpora ZION tax. coinage of the seigniorage
and the issue Of legal tender notes.
Mr. Allen offered as Il proviso to the
bend amendment of the minority of the
committee the following: provided. that
eXCept that as in this act provided the
Secretary of the Treasury shall not have
hereafter authority to issue any bond or
Understanding obligation. unless speciii-
caliy authorized to do so by Congress
The proviso allowing a discount of Il: per
cent on sales of beer stamps was modified
by inserting the words by collectors to
brewers.
Tht special taxes were made to take eff
feet 'on and after July l. 1885"
The paragraph relating to a tax on bank
ers is 50 changed to reduce the tax from
800 10 50 on banks employing a capital not
exceeding $2I,Hyo; when using employ
ing a capital exceeding $oJ.Onu for every
additional thousand dollars in excess of
5000, s.. and in estimating capital sur
Plus shall be included. The amount of such
capital tax shall be computed on the basis
of capital and surplus of the preceding
fiscal year
The paragraph relating to the tax on in
surance agents was made to read: 'Insur-
ance agents shall pay So. Every person,
firm or corporation having an office or
place of business and acting as agent etc.
snail be regarded an insurance agent"
The tobacco taxes were modified, as
heretofore announced TO have been agreed
upon by the committee. The p-oviso of the
paragraph levyins taxes on tobacco was
mcdlIed so as to read: That in addition
to the quantity of tobacco and snuff in
packages now authorized by law there
may be packages thereof containing IL.
ounces ana 81. ounces"
For the paragraph placing n tax upon
dealers il, leaf tobacco the committee Of
fered this substitute: Dealers in leaf to-
baCco, whose annual sales snail not ex-
coed $1,000 pounds shall each pay SIS:
where the annual sales exceed $1,000
pounds and do not exceed 10000 pounds,
$l2; over 100000 pounds. s24"
The substitute was adopted
In the remaining para srdphs relating to
the tobacco tax the tax was levied upon
the number Of pounds handled, instead of
upon tne aggregate price of the tobacco.
and upon the number of cigars manufac-
tured. instead of on the cost OF the cigars.
The change was made. il was explained, in
order to facilitate the work of collection
of the tax.
Section II of the bill, providing for the
cancellation OF stamps, was eliminated.
The provision requiring a stamp to be
placed on certain medicines was amended
so as 10 exempt receipts prescriptions
written by practiCing physicians and sur
gecns 'or which may be put up COM
pounded by druggist or pharmacist"
The tax on money orders was restricted
to original domestic money orders issued
by the government.
Mr.. Germans Amendments.
Mr.. German then offered his amendment
taxing corporations upon their gross re-
ceipts a substitute for the committee
amendment levying tax upon express and
freight packages and upon all telephone
messages upon which toll is paid. AS
finally proposed Mr.. Germans amendment
provided that the tax upon the gross re-
ceipts Of corporations doing business
ceeding $4,000 year should be one-quar-
Mr.. Pettisrew IS. d. sharply attacked
the amendment. holding that the exemption
OF $21nop0 ought not TO be made
The amendment was defeated, - to "a
as follows:
Yeas-Eacon, Bate. Berry, Butler, Cam
non Cockreu, Daniel. Faulkner. German
Gray, Harris, Jones tArkJ, Kyle, McLau-
rim, Mallory, Martin. Murphy Nelson Pas
co, Perkins. Roach, Stewart. Sullivan, Till
man. Turley, Turpie and White-27.
Nays-AIdrich. Allison, Baker Burrows
Caffery. Garter. Chandler. Clark. Cullom
Davis, DebOe. Fairbanks Foraker FRYE
Gailinger, Gear. Hale. Hanna. Hansbrough.
Hawiey. Lindsay. McEnery, Mcmillan
Mantle, Mitchell Pettigrew. Plat (Connl.
Prtchard Proctor. Sewell, Shcup, Spooner
Netmtre, WOlcott-3i
MIR. Pettigrew then offered the original
German amendment, with the S2-tJOpD ex-
euiptlon stricken out, additional sec
ton Of the bill 1t was amended so as to
reduc- the tax from one-haIf 10 one-fOurth
Of per cent.
1t was defeated, 70 to 81
Standard Oil and Sugar Trust.
Mr.. White (Cal1 offered as a substitute
for the committee amendment Ievying 4
ta,s upon corporations the German amend
ment with all corporations eliminated ex-
cept those engaged in the refining of sugar
and petroleum. the amount of the tax be-
Ing One-quarter Of per cent.
Mr. White expressed his desire 10 lay a
tax upon the Standard Oil Company and
the sugar trust
The amendment was agreed to. IS TO 26.
Following is the detailed vote:
Neas-Bacon. Baker, Bate. Berry. Butler
Cannon. Carter. Chiffon. Cockrell, CulIonl
Daniel. Faulkner, German, Gray Harris
Jones tArkD, h Vie Lindsay. Mallory Man