The silver state. [volume] (Unionville, Nev.) 1870-1903, 1902-02-21

the rates of duty. This would result
in some additional imports, and it is
easy to see that with a surplus of $780,
000,000 to begin with, great deal could
be done along this line without Great
ing a deficit.
TAX ON CORPORATIONS
Besides, if it is thought there is any
real danger of a shortage of revenue,
in good part at least by adopting the
Newlands proposition to reduce the tax
on sugar and petroleum refiners from
one-fourth to one-tenth of / per cent
on gross receipts, and then extend it
to all Industrial corporations, the re-
ceipts of which exceed $1,OOOOOO annu-
ally
This measure, with only slight nodi-
fications, has been urged insisteL by
House and in Committee
Its effect would be to provide a good
ly sum in reevnue and at the same time
place the burden where it rightfully
belongs-on the shoulders of giant cor
porations that are realizing enormous
profits upon their highly protected in
to say that in his advocacy of the
measure Mr.. Newlands has encountered
solid Republican opposition, with the
Democrats equally solid in support.
The significance of the Republican
opposition is emphasized by the cir
cumstance that the measure, as formu-
corporations yearly to make sworn
statements of the nature of their busi-
ness the number of factories owned or
operated by them, the capital. sur
plus, expenses. wages, taxes, etc, the
purpose being to obtain the fullest pub
licity as to the business and methods
foundation for more comprehensive leg
islation designed to curb their over
grown and still growing power.
THE BABCoCK BILL.
| The Babcock proposition to reduce
the duties on iron and steel goods has
some Republican support, but the pres
ent indications are that the measure
will never be reported by the Commit
tee on Ways and Means, and that if by
some miracle it should be, the House
Committee on Rules will never allow
it to come to a vote in that body.
Mr.. Babcock has twice offered his bill
as an amendment to the one repeating
the war taxes. The first time, some
weeks ago, it received the solid Demo-
cratic vote with that of Mr.. Babcock
himself but it was beaten, and every
body supposed that the measure was
dead for the session. On Monday and
mot very iudiciously as to time, he again
offered his bill. Mr. Newlands was
absent, attending a meeting of the Ir-
rigation Committee. and Mr.. Cooper
was somewhere else. Neither had any
intimation of Mr. Babcock's purpose.
But there were two Republicans, Hop
kins and Long, also absent. and when
the vote was taken the committee stood
Z to against the measure, Babcock
and Tawney, Republicans, voting with
the Democrats. If the full committee
had been present the result would have
-. he -la,. .1s.o o.,1
had been there and the two Republicans
away. the Democrats would have won
a temporary but barren victory, for a
clear majority of the committee being
opposed to the measure, the vote in
favor of the Babcock bill could have
easily been rendered nugatory. Indeed,
it is considered highly doubtful whether
Mr. Babcock himself would carry the
fight into the House, he being a strong
partisan and chairman of the Republi-
can Congressional Committee. BE that
as it may. ii is morally certain that the
Committee on Rules will never give him
chance, and If he had succeeded in
the committee. the bill would have died
on the calendar. AS the Republican
party is now organized and led there is
no hazard in saying that it will never
Intentionally injure the trusts, which
Mark Hanna so frankly declares are
q benefit to the country
H. +. BARTINE.
Washington, D. c.. Feb. Il, 1902.
10 Cure Jrip Ia Two Days.