The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-27
The BOND ISSUE.
Wh,te and Teller on the
Mar Revenue Bill.
i ARE NOT 10 Be TAXED.
-. Desire of the Rcpub-
according to the Colo
Iao senator's Views.

though Il was under considera-
rec hours. Speeches were de-
tho bill by Mr.. White tDem..
r. Teller (Colo). The former
issue of bonds and strongly
A. coinage OF the silver seig-
Tho tax upon corporations. In
an of the last feature Mr.. White
!. tact that an amendment was
"A to the bill by Mr.. German
, placing a tax of one half OF
AZ certain large corporations.
J, dwclt largely on the propo-
~ any income lax. He had not
yhen the bill was laid aside
!, eulogies might be pronounced
lie senator Walthall of Mis-
nm May IS. Eight senator's
M when the vice president 5
II o'clock this morning call
the days session of the senate
Ifteen minutes delay in select
,lm the war revenue bill was
The senate.
4 iCal.) then began an extended
rering pretty fully the general
the bill, especially those relat-
tax on corporations and on In
bs the Inheritance tax Mr.. White
that Notwithstanding the OBJ
rvd against 1t by reason of it's
yasion OF the prerogative of the
Fas perfectly iustifiable. and he
The nope and belief that the
Id sustain congress In enactinK
tion into a National law.
L then entered upon IA long dla-
the proposed corporation tax.
earnestly supported. He said
N had prepared an amendment
sure which he would be willing
n the general tax on all cor
Ihould not be desirable by the
eqrnst Mr.. German sent to tins
lad read The amendment he pro-
Ter at the proper time. 1t was
BIN and after the passage of this
person, firm, company or cor.
Inning, operating or having the
hagement Of any railway, street
boat, ship or other vessel ell
employed in the business OF
4 passengers or freight for hire
porting the mails OF the United
krrying on or doing an express
having the care or 1nanag nent
tgraphic or telephone line by
krams or telephone messages are
transmitted. or carrying on
furnishing gas. electric light.
or refining petroleum or sugar
or operating any pipe line for
3 oil or the products or oil
bal receipts exceed $3.50, 900 shall
TO pay annually a special eN-
Ruivalent to one-half of ! per
gross amount of oil receipts
|rsons, firms. corporations ana
In their respective business.
That the assessment hereby
not include any amount of the
the transportation of persons,
pals between the United States
eign port. but such tax shall be
the transportation of persons.
mails from a port within tho
les through n foreign territory
within the United States and
Fessed upon and collected from
ps, firms, companies and cor
thin the United States receive
pay for such transportation Of
light or mails.
fe said it has been whispered
reat financial interests which
uted to campaign fund were
as compensation for their lib
The burdens of the war should
81 upon them. He did not be-
ID. that any senator on either
chamber would be influenced
% so sordid and selfish. He
Inc issue Of bonds at this tims
ds were unnecessary and be-
a. majority of the people was
mem. believing they would in
realty the burdens of the coun-
aelusion, Mr.. White declared
lld be the plain people who
'aly offer up their lives in de
National honor but would also
y Of the taxes for the conduct
he appealed to senators to
OIL 10 pass in such form a.
mute with reasonable equality
1t imposed and to lay taxa
you'd reflect honor upon the
enate.
followed. He said he had no
discussing the bill from a par
Polnt' considering the necessity
conducting the war more i'm
securing partisanship advan-
aNerted 10 the interest felt by
u the Cuban question, saying
~ people could have been aided
ithout violating the neutrality
nought war might have been
now that war was on he wanted
auucted by a united country.
uation could find itself sup
Wy party and there would be
pa,h the sinews of war. all the
.ne money. He asserted that
lure OF the bill was in nowisc
'ue revenue measure and de-
y was merely attached for the
'Aking advantage of the war
secure authority for bond
"ssase was without precedent.
MINK the bill would produce
euee as estimated by the COM
. the senate was entitled to
innate. Instead of this. when
~ iaets they were given only
y. Mr.. Allison said it was In
,a'e with anything more ehan
ssufaey what revenue would
m Ohe bill. Estimates were
.erlain. Who, for instance.
10y amount would be derived
posed bank check tax?
,s sa'u Mr.. Allison's explanation
s'on that the COMMITTEES hal
~ lie took up tho amend
,,sennacks, the coinage OF the
Wv corporation tax and sup
a. some length.
,in d ne did not believe there
a,,a ufawn between State and
,s ,on. u this line was /, he
ny aas might render It imros-
"a great war. As for him
4 nol only tax corporations.
also Include nroauo,,, a.,