The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-19

hAskesfEI af certificates of sn5ehse6resx 20
neet f.e Deficiencies csassr hy the Ding
ley saw- The Democrats had been sharp
- criticised beGzuss gf ire us11shfy aessess
Of Tire so-eaEass HI-son lax. But TIE dag
ley law was sat wing singular deficits
without criticism Sax. TaEgss sal q
Was proposed. In iha pending war meas
urs. 70 take care ct al &c Dinghy law
deficits with TIE certificates Of indebted
ne1s.
The question presented 10 congress was
aew the necessary money should De
ratsed- The committee was agreed that
So. a0e. 80 should be raised by taxation.
and the remaining sum. from IL. 0a.ae
70 $50. a0e 90. By other means
Turp!s thought the tax ON succession
was one Of the bess features OF the BILL
He said it was a TAX On accumulation.
while the tax on beer and tobacco Was
tax On consumption
Turpie strongly urged the proposed tax
on corporations He estimated this tax
would yiesd 500 90 90. and that the tn
hsrtsance provision would produce -. 90
necessary to be raised The remaining
$lse &c., 90 necessary TO raise could be
raised by the coinage Of the silver seignior-
age and the issue Of legal tender notes.
The majority Of the finance committee.
he said. had deemed II wise TO propose
the coinage of the seigniorage in defer
ence 10 the wishes of those who in
the last national campaign had made evil
dent their desire for such coinage.
The section OF the bal providing for the
Issue Of greenbacks was proposed by the
ma orsty Of the committee a. q substitute
for the bond section Of the bill as IL came
from the house. For the present, Turpie
said, the Democratic policy OF the free
and unlimited coinage OF silver had been
reiegated to the musings and the arbitra-
ment OF the ballot. He argued At length
in favor Of the issue OF greenbacks, legal
tender notes. declaring that the policy
OF their issue was almost an ideal one IF
the raising Of money for such an eEer-
gency a. now confronted this government
1T is.'' he said, the most patriotic and
least expensive scheme or securing money
In a time like this known to man.
Turpie referred at some length TO the
remarkable experience OF France. whose
people themselves had carried the enor-
nous loan to the government made neces-
sary by the Franco-German war. The
example OF France. he thought. ought to
be followed BY this country. Referring to
the proposed issue OF bones. Turpie said
its promoters had put it as a rider in this
blu In order 10 place congress 10 durance.
German suggested that the penalty for
failure TO affix the stamp &c any drug or
.
The bill as It passed the house provided
a penalty of 500, but the senate eomnait-
tee had changed this SO as TO make the
offense a mlsdemeanor punishable by a
fine Of not more than 500 or imprisonment
for not exceeding six months.
The provision was amended by striking
out the maxirnuu fine. leaving ii to the
discretion of the courts 10 make 1t less
than Si00 German moved then to strike
ant the rfa,r0n r,rnytdir,c for irnurtSnprnsnS
Gray. Mills and Culiom also supported
the motion, and Aldrich. Jones Of Arkan-
sas. Chiffon, White and Cockreil opposed
Ii. 1t was rejected, Is to q.
German asked the senase to return to
section of the bill, providing that any
person wilfully evading the requirement to
place revenue stamps upon any legal docu-
ment or taxed paper OF any kind, should
be fined not more than $500. or imprison-
ment OF not more than six months. or
both. He moved that the fine be fixed at
tl0 instead OF 500. The motion was
agreed to. 90 10 IL.
German then moved 10 strike out the
Imprisonment clause. This was agreed 10
without division.
On Germans motion the Imprisonment
clauses were stricken out Of sections and
9, providing for the use OF revenue stamps.
The senate refused to strike out the inn
prisoEment feature Of section II, which
provides for the affixing OF stamps to
stock transferred.
In section Is of the bill the stamp taxes
proviaed for were made effective on the
first day of June" This was amended
SO as to read 1.-The 18th day of June
The bill was then laie aside for the day.
and at o'clock the senate went into ex-
ecutive session. and at Sis y. N. ad-
journed.