Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1898-04-27
Observation-Disclosures
Is the Order for the Bill That Is tc
Raise the Revenue for
Red War.
VOTE TO BE TAKEN ON FRIDAY.

Dingley Submits 4 Tepor; Giving the Rca.
sons That Make the Fill Necessary
Proposal the Democrats Made for Ac-
crinuiatinS the "SIncws"-Day Is Sec
reta'y of State Pauncefote Gets "A Cable
Giving Details Of the British Neutrality
Proclamation.
Washington, April 21.-The war rev.
enue bill was reported to the house
yesterday ard by an arrangement made
the debate win begin today and con-
tinue at n ;Cht sessions until Friday. Al
O'Clock on that day the vote will he
taken. at the meeting OF tha ways and
means committee Bailey. on behalf OF
the Democratic minority, offered the
substitute agreed upon by them for the
proposition in the bill authorizing the
issue of $3.50, o0009G coin" bonds. 1t
provides foT an income tax of 3 per
cent. OF iScomes from all sources in
excess of 5000. State, county and mu-
nicipal bonds, however, were excepted
from its provisions, to meet the unani-
nous decision Of the supreme court in
this respect. The minority estimated
that such an income tax would raise
N00,000.0e0 Coupled with it was the
proposition toccin the silver Sc gniorage,
which at present amounts to $4,000
QUO. The substitute Was voted down ty
j strict party vote.
DinGley Explains the Measure.
In introducing the bill Dingley also
submitted 4 report explaining why it
was necessary. This report says in
part: The precipitation on the United
States of war with Spain has rendered
it necessary to Immediately provide
ways and rleans to meet war ex-
penditures On the scale demanded by
modern naval and military operations.
There is no doubt that if peace
conditions had continued the estimate
of the secretary OF the treasury that
the revenue for the next fiscal year
would reach $500 900, 000-exclusive of
postal receipts-s63, G00,C00 in excess of
the revenue for the fiscal year 1896 and
more than that sum in excess of what
the revenues for the next fiscal year,
1897. would have been if il had not been
for Snticipatory importations in the last
four months of the latter year to avoid
the increased duties of the new tariff
would have been more than realized.
Would DO the Fighting with Vigor.
These [Spanshl difficulties, even be-
fore war conditions arose, tGd so stirred
the public mind as to demand largely
increased appropriations for enlarging
the navy and for national defenses. The
destruction of the United States battle
ship Maine in the harbor of Havana on
the 18th of February last so intensified
the situation that congress, few weeks
thereafter realized the necessity of
taking prompt measures to prepare for
any exigency. and by joint resolution
appropriated $50 0O0, 600 for national de-
Tense. Inasmuch as the diff
culties with Spain have plunged the
country into war whose magnitude and
length cannot now be intelligently fore
casted it is necessary that measures
should be Immediately taken to pro-
vide ways and means to carry on naval
and military operations on a scale and
with promptness which will exert an
important influence in shortening the
conflict" The report then takes up the
items of taxation and discusses them
from a revenue-raising point of view.
Use of the Certificates.
Referring to the certificates of in
debtedness authorized the report says:
In view of the fact that it will be
necessary in a few weeks before the
proposed war taxes can bring results
and before the loan authorized can be
placed to provide means to meet the
rapidly augmenting war expenditures,
authority is given the secretary of the
treasury to temporarily borrow money,
in no case exceeding one year, by the
issue of per cent. certificates of in
debtedness. 1t is important that the
secretary of the treasury shallhav this
authority in any exigency that may
arise in the future"