The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-07-01
WESTERN SENATORS
OCCUPY The DAY
Cummins of Iowa and Borah of
Idaho Are the Only Speak
ers Wednesday.
BOTH STRONGLY IN FAVOR
OF INCOME TAX PLAN
Aldrich Gets a Hot Roast for His
AvOwal of Tuesday as 10
Attitude.

w ASHlNGlON, June 3U.-lHe IN
come tax was practically the subject
and Senators Cummins of Iowa and
Borah of Idaho the only speakers be-
fore the senate today,
Mr.. Borah was heard toward the
close Of tho session when the Iowa
senator yielded the floor, which he
had held since yesterday. He took for
his text the declaration made yestcr-
day by Senator Aldrich that he would
vote for the corporation tax amend
nent only as q means of defeating
the income tax and without rcsorting
to personalities he criticized the posi-
tion OF the chairman of the finance
committee. who had presented the cor
poration tax amendment 10 the senate
Mr. Cummns also paid his respects 10
Mr.. AldrIch on account Of his avowal
Mr.. Cummins took the floor as soon
rs a quorum could be obtained soon
after 10 clock and with u brief in
termission for luncheon, an lnnoNa,
tIon IN the senate, he held ii until
4:3O o clock in the afternoon.
National Finances.
Much of the time OF the day was de-
voted to the consideration of the ma
tom finances, but considerable attcn-
tion was also given to the general
merits OF tax on incomes, which Mr..
Cummins defended as the most ra
tional because the most Just, Of all
taxes.
Estimating the total revenues under
the Aldrich Payne bill at $360000, 600
and those TO be derived from the In
ternal revenues al S240 100000, he
predicted that at tho end OF the fiscal
year 1911 there would be deficit Of
not less than $l75,000,000. He there
fore contended that the amendment of
the tariff bill by the adoption of an
income tax was necessary IN order 10
produce sufficient revenue for con-
ducting the business OF the government,
Mr.. Cummins said if the finance com
mittee s resolution, providing for the
submission 10 the states Of n consti- |
tutional amendment for an income tax, |
should be presented to the senate be
would vote for the amendment, but not |
with any hope Of its success. He did
not doubt that there would be enough |
interest manifested against it TO OBJ |
tain adverse votes in a sufficient num- |
ber OF states to defeat the proposition. !
The senate at $50 clock adjourned, |
Hot Shot for Aldrich.
Mr. Cummins did not get under way
until 10:45. Before proceeding with his |
speech he remarked upon the absence
of Mr.. Aldrich, saying he had seen in
the morning papers the announcement |
that the chairman OF the finance com |
mittee was going on sea voyage.
''After the Acknowledgement which |
he made TO the senate yesterday with |
respect 10 his vote in bringing forward |
the amendment that we are now con
sideriug,' said Senator Cummins, evi |
deptly referring TO Mr.. Aldrich's state
ment that he favored the corporation !
tax TO defeat the income tax amend |
ment. "he needs the restoration and
the recuperation of salt air / would
want to take a trip lasting about a
thousand years If / should be compelled |
to make confession of that sort with |
respect to a measure brought forward
by myself
Mr.. Clapp interrupted with an obser-
walton. Referring TO the corporation
tax amendment he said:
~ notice by the newspapers that |
the large corporations are not uncom-
Portable They are reported as being |
we'll satisfied with this provision.'
Held for More Revenue,
MI Cummins replied there WAS moth |
ing in the corporation tax amendment |
to- make the corporations uncomforta
BILE. He then proceeded to discuss the |
receipts and expenditures OF the gov
ernmeut to sustain his contention that |
tho pending bill did not, supply enough |
money for usual expenses,
Declaring thai $479, 900 600 must be |
raised from customs duties and an in"
heritance, corporation Or income tax tC |
meet government expenditures and to
keep up the sinking fund. Mr.. Cum
Tnius presented a letter from Secretary |
MacVeacb of the treasury department.
stating that deficit appeared in the
sinking fund at the close OF the fiscal |
year 1908 Of $479, ,366 ,647. although up
IL ..a1 r.ts lrl.f ,..,l
reduced to S32,Sl2,000 in excess Of the
sinking fund requirement.
rThe deficit al the close Of 1908. -
wrote Mr. acVeagh, "wlll be in
creased, however, in the current year
of 1909 by approximately S44 44,000000 |
and the deficit is more apparent
than real.p
Mysterious Bookkeeping.
Mr.. Cumnins declared that sccre
taries OF the treasury had failed 10
place aside in the sinking fund the
amounts contemplated by law. "There
is,'' he said, "a mystery in the book
keeping which is not easy 70 under
stand''
Estimating at $s4O,000,OOo the
amount of money required by the gov
ernment for the fiscal year 1911, Mr..
Cummins said that not more than 1862
100000 would be raised from internal
revenue, and not more than %340,000.-
600 would be obtained from customs
! revenues under the Payne bill lcnY
ing about S240, 100000 TO be supplied
from some other source.
"My conclusion is he said the
deficit will be Sl75, 900 at the close
! of l911.''
He declared that no one could in,
vestigate the subject without being
convinced that there must be large de-
! ficits every year hereafter, and he as
serted that every penny which would
result from the enactment OF his and
Mr.. Bailey's income tax amendment