The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-04-28
Leads all Oher Norh Carolina Da08 Boh News and Circulation


Gratis left their places and took seats
on the Republican side in order to hear
the better. With great impressiveneSs
Mr. Dngley said that unless all signs
failed the war would not be three
months affair nor a six months ahalr'
and that the more preparations we made
both for offcnse and defense the shorter
it would be.
When he reached the question of the
bond issue he was beseiged with ques-
tions by Mr.. Mcmillan, Mr.. Sayers and
other Democrats, and there was some
discussion of the probable cost of the
war. Mr.. Sayers ventured an estimate
of $500 100000 per annum, which Mr..
Dnngley rejected. calling attention TO
the fact that the civil war cost ST, 1OO,-
100000 per annum.
Mr.. Dingley pointed out that the au-
thorization for the issue of S300,OOO.OoO
of bonds was simply an authorization.
If not needed all the bonds would not
be issued.
Mr.. Dinqcley briefly discussed the
proposition which the minority would
advance for an income tax MS II substi-
tute for the bond proposition. The Su-
preme court had decided the fax uncOn-
stitutional. and yet it was proposed in
place of an authorization to borrow
money to remand the government to
what would come out of n law suit
which had already been decided against
the government. ut seems so prepos-
ferrous in such an emergency said Mr.
Dingley,. chat l can hardly believe
such n proDOsitiOn is to be seriously pre-
Sented."
The proposition to coin the silver seiS
niorage, he characterized as one of the
absurdities of finance which was never
heard Of beyond the borders Of the
United States.
Mr. Bailey, the leader of the minority,
followed Mr.. Dingley. He said that
his side realized as much as the other
tic necessity of raising revenue to carry
on the war, and they stood willing to
cooperate in placing at the disposal Of
the government every material aid for
the prosecution of the war to Il success
full and speedy termination. But, said
he. the minority would not be either
lea or driven into the support of meas
| ures which commended themselves
neither to their conscience nor judgment.
Mr.. Bailey criticised different fea-
lures of the BILL He declared that inn
perfect as it was. his side Of the House
| would take it if the other side would ac-
cept their proposition for an income fax
which would provide an additional III
crease of S100000,000 democratic APP
plause.) He thought the estimate of
Mr.. Dingley ($25, 100000 a month for
war eXnensesl reasonable one. and
hat hn fu~ inTt
were made part of the bill we would
not need to mortgage the future so TIGHT
| u single battle Of this unhappy strife.
Mr.. Bailey also contendcd for the propo-
sition to coin S4S,O0O.0O0 of the silver
seignorage. and 70 that he thought III
issue of S5S,000.000 of legal tender
notes could be added with propriety.
| The greenback circulation could be
| extended that far without danger.
The gentleman from Maine (Mr. Ding
| ley) advocated the placing Of bonded
| debt upon this country Of 100000. 900.
| Whenever the country's credit ought to
| be pledged. he would be willing to do
this, but there was not, in his opinion.
any necessity for mortgaging that credit
ut this time.
1--WE PROPOSE said Mr.. Bailey, ''to
tax the rich man now rather than to
mortgage the energies of the poor men
| for coming generations" (Applause on
the Democratic side.
Discussing the question of the Su-
| preme courts decision on the income
tax case. he declared that no question
was ever settled until it was settled
rightly. He felt that the decision of the
court was wrong, and for one he would
| have another case passed upon by the
court in the belief that the court might
reverse it's decision. He made this
statement he said. without in anv way
| rcfiecting upon the court. Mr.. Bailcy
then entered upon an extended argu-
| ment upon the cOnstutionality of an in
come tax. combating the theory that it
was direct tax inhibited by the con-
stitution.
The POpuists all vigorously opposed
the bond proposition. Mr.. Dolliver, of
Iowa, is by far the most notable speech
of the day, added to his reputation as
a brilliant orator. He aSSailed the posi-
tion of the opposition in the early pOr-
| ton Of his speech. but its partisan flavor
disappeared toward the close and he
aroused the House and galleries TO
| cheers, as. with eloquent words. he
touched the high unselfsh cause of hui
manity in which the United States had
drawn the sword and then melted his
audience TO tears as he referred to the
blowing up of the Maine and the new
commonwealth we would rear as mon
ument to guard the memory of the un-
forgotten dead
Debate on the bill was continued un-
til ; O'Clock when the House recessed
until s o'clock
The evening session was devoted TO
brief speeches by members unable to Sc
| cure time at the day session.
TERROR CAPTURES A PRIZE.
1t is a Coasting Steamer. and Had
100000 on Board
r.. W.T. AnuI 81 rrl,o Tvu:41