The Barre daily times. (Barre, Vt.) 1897-1959, 1909-07-01
PLEADS FOR
INCOME TAX
Declares Alternatives Would
Not Make up Deficit
is SCEPTICAL OF ECONOMY
Iowa Senator Says That spasms for
Economy Rise Periodically and
Disappear Like the Mists Be-
fore the Sun.
is SCEPTICAL OF ECONOMY

Washington, July l,--Whether OWING
To the absence 81 Senator Aldrichs the
lack Of interest, or to the continued heat,
the Senate was much slower than usual
in assembling yesterday, When the
vice presidents gavel fell at 10 o'clock
there were not more than eight or 10
senators present and the point Of no
lqurom was made.
Twenty-Five minutes elapsed before a
majority Of senators could be brought
Into the chamber. Mr.. Piles entered the
4 hail as the 47th senator, bit before bust
uess could be gotten well under way q
large number 81 those who hid come IN
during the call disappeared and BY hall
past ten another roll call had been or,
ldered.
IT had been the intention to proceed
Tat the beginning of the session with the
Consideration Of various income tax
amendments before the Senate and Mr..
X Cumnins stood ready TO proceed with
his speech. The supporters Of the in
come tax proposition, however, did not
propose that the Iowa senator should
speak 10 empty seats and it was soon
made evident that they we're determined
to keep the senators in the chamber.
/ The proceedings began with the pres
lcntation by Senator Kean Of protest
from the Building and Loan association
league OF New Jersey against the inclu-
sion Of building and loan associations in
the corporation tax The protest had
been telegraphed to the New Jersey SEN
ator and was very emphatic in tone.
Evidently Mr.. kean was not ayerse to
presenting It
Before proceeding with bis speech. Mr..
Cummins remarked upon the absence Of
Mr.. Aldrich, saying that be had seen in
the morning papers the announcement
4 that tile chairman Of the finance com.
mittee was going upon sea voyage
after the acknowledgment which he
made TO the Senate yesterday with re-
spect to his vote in bringing forward
\ the amendment we are now considering,
addea Mr.. Cummins, evidently referring
to Mr. Aldrich's statement that he fa-
gored the corporation tax TO defeat the
income tax amendment. che needs the
restoration and recuperation Of salt ait.
would want % take a trip lasting about
thousand years If / should be com
PEELED to make a confession Of that sort
with respect to measure brought for
ward BY myself.
Mr.. Cummins discussed the receipts
/ and expenditures OF the government to
sustain bis contention that the pending
bill did not supply enough money for
usual expenses.
Declaring that S47g.000.000 must be
raised from customs duties and an inner
itance, corporation or income tax prop.
eriy to meet the expenditures Of The
| government and to keep up the sinking
fund, Mr.. Cummins presented letter
from Secretary MacNeagh of the treas
ury department stating that deficit
appeared in the sinking fund at the close
of thief seal year l90s Of $40 3S3.647,
although up to that period the total
debt had been reduced S328l2 zoo in
excess Of the sinking fund requirement
THE deficit at the close Of 1903 said
Mr.. MaeVeagh in his communication
would be increased, however, IN the cur
rent year Of 1908, by approximately
S44000000, which deficit il more appar.
ent than real
/ Mr.. Cummins claimed that secretaries
of the treasury had failed 70 place aside
in the sinking fund the amounts conten.
plated by law.
There Isl" he said, "a mystery in the
bookkeeping which II not easy to under
stand1
Mr.. Cnmniins estimated at 1910 600.
000 the amount Of money required by the
government for the fiscal year 1911 and
declared that not more than 100000 COX
would be raised from the internal reve
nue. and not more than S340 BOO 00C
would be obtained from customs receipt:
under the Payne bill, leaving about $40,
100000 to be supplied from some Other
source,
My conclusion Is" be said. chat the
deficit will be SI75,0o0,00o at the close 81
1911.
lie declared that there must be larg,
deficits every year hereafter and he as
serted that every penny which worl,
result from the enactment of his anJ
Mr. Bailey's income tax amendment
would be necessary to meet the demand
Of the government
a tax on incomes, tie declared. ouqh
to be the first imposed and ii should hi
AANt1AA W Nfttt 1tAtSs DC well dc IN tN
national government lie said: Nv,
shoald lay the tax on fortune rathe
than on misfortune He contended tha
the aceamulations 81 property do not pa,
their share Of the taxes and said Their
would be no injustice IN increasing thei
proportion af the general burden
Mr. Gore. the blind senator from Okla
homa. made the novel suggestion tina
the finance committee should report eacl
schedule Of the tariff bill as separat,
bill 50 that senators and representative
might vote against the portions Of 4
they may not approve, while voting fol
the parts acceptable to them The sug
gestion was in the form Of resolution
and nrging its adoption, Mr. Gore argued
that it would have the additional rori
Of afiording the president an opportunit,
to veto any schedule not satisfactory t,
him.
CALHOUN LOSES AGAIN.