The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-07-01
Senator Cummins Insists
That Every Cent To
Be Derived From En-
actment is Necessary
FLOOD OF TELElRANiS BEING
RECEIVED BY SENATOR'S FROM
CORPORATIONS URGING OP-
POSITION TO THE MEASURE.

WASHINGTON, June 3O.-For
three hours today Mr.. Cummins of
Iowa, sueaking in favor of the income
tax held the attention of the senate.
Mr.. Cummins asserted that large de-
ficits in the government finances were
certain to occur every year here
after. He declared that every penny
which would result from the enact
tax amendment would be necessary
to meet the demands Of the govern
ment.
A flood of kilograms, nearly
equalling that which swamped the
wires during the anti railroad pass
fight, in opposition to the corpora
ton tax amendment. Most OF the
kilograms came from persons inter
ested in building and loan associa-
tions, but practically every character
of corporation is represented. Most
of the senators received from twelve
to fifty kilograms today, and some
at least one hundred.
In view of he vehement tone of the
UEOJcStS anu tnC ldCL JAdI tnC tCiC-
grams are from business men highly
respected in their communities, some
senators pleged to vote for the ad-
ministraticn program said today that
they are feeling some concern as to
the wisdom, of their course.
Unless there is a change of senti-
ment throughout the country it
would not surprise many members
of congress If the corporation tax
should be abandoned in conference
and the inheritance tax feature, which
was adopted by the house, should be
restored. In the event of such ac-
ton the indications are that the sem
ate would vote it's acquiescence.
During Mr.. Cummins' comment on
the receipts and expenditures of the
Mr.. Aldrich declared
that with additional revenue he would
be greatly surprised If there is any
deficit next year. His estimates of
expenditures for the present year
when the tariff was reported to the
senate he said, we're about $4,000
900 too high and he had, he said,
himself that he had es-
timated within $2,00O,O00 of the
annual receipts. The deficit for the
present year, he added, would be
about 100000, 900.
Again he declared that if the tariff
bill became law in its present form
it would next year produce an income
of $35O.OOO,OOO.
Mr. Flint, in an explanation of the
income tax amendment, said the
finance committee had not been unit
ed on the question as to whether it
would be necessary to have revenues
in addition to those produced by the
pending bill.
The committee had considered not
only a corporation but also an in
come tax law as supplementary to
the tariff, and had decided it would
be unwise to pass either of those
introduced by Senators Bailey and
Cummins. The committee had, he
said, abandoned the idea of an in
heritance tax because such tax
as so largely imposed by states and
they did not wish by making
double tax to have it become burden
some.
The inquistorial feature of the bill
he explained, had been reduced to
minimum by the provision that the
Investigations contemplated could be
had only of such books and papers
as were necessary.
Senator Bulkley argued that the
proposed corporation tax would be
double in its operation when applied
to insurance companies.