The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-28

AN INCOME TAX PROPOSED.
By This Means Several Millions
Mould Be Essily Raised.
SAVERS BACKS UP BAlLEY's COURSE
burden OF War Taxation should he
borne by the wealthy ms
Well M the Poor.

the three days debate on the war revenue
measure attracted crowds to the house gall
leries today and the attendance on the floor
was also large. Without any EVIDENCE Of
excitement or prcliminarics of any kind
the house went into committee Of the whole
Immediately after the reading Of the Joint
resolution and entered on the consideration
OF the bill. owiig to It's Importance, Mr.,
Dingley, chairman OF tho committee on
ways and means. did not ask that the first
reading of the bill be dispensed With, MS Is
usual with bills of minor Importance.
The reading Of the bill, which consists OF
forty-fcur pages, occupied an hour and ten
minutes. Mr.. Dinglcy then took tho floor
to open tho debate. The bill, he said was
distinctly war measureIt was essential
that we should stand as unit, shoulder to
shoulder, as 1t was ON united action that
the hostilities could be abbreviated aud
brought to an end Mt the earliest nossible
moment. War now was much more costly
than formerly. This war is u demand upon
our resources, he said. aud came Just as the
country was emerging from a long period
OF deficiencies OF revenue and was Just be-
ginning to see the light.
Mr.. Dingley then proceeded with his
argument, pointing out the condition OF the
treasury, the extraordinary demands upon
1t for war purposes aud tho necessity not
only Of providing the additional revenue
which would be raised by the bill, but au-
thorizing the secretary of the treasury to
porIow money on the credit OF the govern
ment. He followed closely the lines of the
report which he drew to accompany the bill
When 1t was reported TO the houae yester-
DAY, lie emphasized the necessity OF united
action In support Of the measure In order,
not only to impress Spain, hut the countries
OF Europe with the profound conviction
that the American congress. and people
stood shoulder 10 shoulder without reg ard
TO party determination 10 prosecute 10 a
successful termination the war we had un-
uertaken.
MI lingiey spoke with great cagerneBs
anu was listened TO with attention. Many OF
the democrats lett their places and tdols
seats on the republican side In order To
near the better With great nprossiveness
Mr. DlnSley said that unless an si.su,
ialied the war would not he three mon tbs
annir. nor six months AFFAIR, but the mope
psPafatiohs we made, both FOR offense and
aefense the shorter II would be-
When he reached the question OF IN,
bond issue he WIS besioged with question,
by AIR. McMiilin, Mr.. Sayers aud othe,
democrats aud there was some diaeusstot
OF the probable cost OF war. Mr. Sayer
Nentured an estimate OF $500 900 900 Der an
mum. which MIR. ringley rejected. calm,
attention to tho fact that the civil war COS
Sl,iND,00O, 600 per annun
lop, ,Nt,t l.,, ts4..
to vote every dollar necessary to prosecute
the war, contended that there was no ne,
cessity for authorizing In this bill tho rails
ing OF S7oo.000,o00 when congress would
meet again In December. A plethoric trens
ury In time OF war, he argued. would IN
vito endless schemes OF spectators till n
was gone.
Nj. Dtnglcy pointed out that the author.
izntion OF s50O,G00000 OF bonds was simpI,
an authorization. If not needed al! IN,
bonds would not he Issued.
Mr.. Dingloy briefly discussed the promo
sltlon which the minority would advance
Tor an income tax as u substitute for the
bond propositions. The supreme court hat
decided tho tax unconstitutional and vel
II was proposed to take the place OF an au.
thorlsation to borrow money.
1T seems so prepostcrous In such ~
emergency" said Mr.. Dingey shat cas-
hardly believe such a proposition is 10 be
3 seriously presented
The proposition to coin the silver scign-
forage he criticised as one Of the ahsuriitie:
OF finance which was never heard OF beyont
the borders OF tho United States. Seignior,
age WAS the profit from coinage We ar,
not now coming silver.
Mr.. Dingley was given u hearty round O.
Z applause when he concluded.
MIR. bailey, the democratic leader. fol,
lowed Mr. Dingley with the opening argu
N n MI tf,t n II i .