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No Extra Session

No Extra Session image
Parent Issue
Day
12
Month
April
Year
1895
Copyright
Public Domain
OCR Text

No extra session of congress, if you please, says President Cleveland and the business interests of the country with one voice say "Ameu." The ■ loss of revenue resulting from the elimination of reufs and interest 01 public bonds from the list of taxabP scraxces of inoome is as nothing com pared with the loss to business whie] would íesnit from calling the wild nu wooly politicians of the iüty-fourth congress fcogether. The .assembling o: such au aggregation would be enough to give revivin business a chili im niediately. The president has renderec the country agreat service in giving assurauce that he will not inflict congress upon a long suffering public, so long as it is possible for him to keep it out of sight. There is every indication at present that the new life that is beginning to púlsate through all the arteries of cornmeree, will soon stipply all needed revenue, provided oóngresí te kept in the back ground. With congress in session, however, all this would no doubt be changed. With the reopening of the tariff and financial questions, stagnation would retum. The wisdom of the president in the matter is unquestioned. The Chicago Times-Herald, in comnienting upon the decisión of the United States suprerne court, whlefa ir characterizes us fragmentary, corupromisiug and self-conflioting, says: One of the consequences of the decisión most ro be deplored is that ït wül revive the sleeping impostare, protsction. In the spar, ons guise of eupplying revonue not available onder the ineome tax }av. as amended by the oouit, there will be renewed clamor by capital, fór restorattion of tariff nionopÖlies. Shonld the uext oongress, :nstead of recasting the law so as to preserve its principies, a principie appi'oved by the experienoe of all organized governments and saocesi tested under every coustitutioual structure, supplement it with increased protection duties, such legishition would onlv doublé the bnrden laid by the decisión tí] 'I stil] have ro' ulo tax, il nnrepealed; and, in addition to that, tribute to monopolies nnder the snbterdf fnruis ime to aational . Rathèr than dl ro twofold oppression, the 'iuld ttndonbted the inoome tax law altogi intern the )!■ apositioD npou irodnctive indnstry of the nation. A chímgc iii the personnel of thi e conrt may yet afford a remedy 3t aulliflcation of the principie of the income tax, scientifically and eqnitably framed iu a starure. Tlns consummation is devontly ro be wished, as probably the only gaarantee against revival uf McKinleyism and its horde of evils.

Article

Subjects
Ann Arbor Argus
Old News