Show income tax void the income tax 0 the last tariff legislation was compromise between democrats and Pop ulista ia order to pet the bill through the sanate it was always believed to be of legality it cot absolutely inexpedient as a means of raising revenue it was an ia many brays and worked against the cooperation of the poor while aimed at the rich it the railway men for instance who ara talking of putting their sa ivings into the new railroad between here and coast should make profits on the road they would bate to pay the income tax the spirit of the law is that men who have an individual income of should pay an income tax tha whole law however has been declared void because it is direct taxation the supreme court in its last decision baa practically wiped the law off the statute books with it will be destroyed a source of revenue amounting annually to about forty millions of dollars already the ia running behind about BIX millions a month and tho income tax will of course causa a larger deficit what will be done under the circumstances can only be surmised the cause ought to call for an extra of Uon greas but as the complexion of that body is politically different from the presidents it IB aaita pro bubla thre th re will be no extra session then by not convening congress the president might find a happy excuse in the supreme court decision for issuing more bonds at private bid there are very few citizens but who believe that the english syndicate which cleared about nine million dollars on the last bond issue remembered abo president aad secretary Oar lihle in a more substantial way than in its prayers we believe the result of the de will b another bond issue |