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Show SENATOR CUMMINS iVES IS - VIEWS ON CORPORATION AND INCOME TAXES Comments on Absence of Senator Aldrich on a Sea Voyage, Asserting Rhode Islander Needed a Restorative After His Announcement of Yesterday Declares He Will Vote For Income Tax, Though He Has No Hope For Its Passage meet the demands of the government. A tax on Incomes, he said, ought to be the first Imposed, and It should be levied by every state as well as by the national government. Senten-tlously Senten-tlously he said, '""o should lay the lax on fortune rather than misfortune. misfor-tune. " He said this course would place the jurisdiction of government where it would belong, and would discard all unprofitable property. He contended that the accumulations of property do not pay their share of the taxes, and said there would be no injustice in increasing in-creasing their proportion of the general gen-eral burden. Mr. Cummins having spoken, the senate, at 1:15 o'clock took a recess for half an hour to allow the member to take luncheon. Mr. Cummins said that he proposed to vote for the proposed amendment to the constitution for an income tax, and he declared that the measure was postponed by the financev committee with the same motive that prompted the committee to propose the corporation corpora-tion tax. "And," he added, "I shall vote for it without the slightest hope that it will ever become a part of the constitution constitu-tion of the United States. I know men too well to believe there are not twelve states, where the minority, opposed op-posed to this kind of legislation, cannot can-not prevent the adoption of this resolution resolu-tion by the legislatures of these states. In my judgement, you will never hear from it or much of it after it has passed pass-ed this congress.'" Washington. June 30. Whether owing ow-ing to the absence of Senator Aldrich. the lack of interest, or the heat, the attendance was unusually small In the senate today. When tho president's gavel fell at 10 o'clock, there were nr.t more than eight or ten senators present, and the principle of no quorum quor-um was made. Twenty-five rainut03 "later, forty-seven senators had arrived, arriv-ed, but before business could be put well under way, a large nurnber of those who had come In during the call disappeared, and by half-past ten, another an-other roll-call had been ordered. Tne proceedings were begun with the presentation by Senator Kean of an emphatic protest from the building and loan association league, of New Jersey, against tho inclusion of building build-ing and loan associations In the corporation cor-poration tax. Evidently Mr. Kean was not averse to presenting it. Before proceeding with his speech, -Mr. Cummins remarked on the absence ab-sence of Mr. Aldrich, saying he had seen an announcement in the morning papers that the chairman of the finance fin-ance committee was going -on a sea voyage. "Alter Ihe acknowledgment, which he made to the senate yesterday, with respect to his voting forward on the amepdment we are now considering," said Senator Cummins, evidently referring re-ferring to Mr- Aldrlch's statement that he favored the corporation tax to defeat the Income tax amendment, . "he needs the restoration and the recuperation re-cuperation of salt air. I would want to take a trip lasting about a thous- and years If I should be compelled to make a confession of that sort, with respect to a measure brought forward by myself." 'Mr. Clapp interrupted with an ob-- ob-- nervation. . Referring to the corporation corpora-tion tax' amendment, he said: i "I notice by the newspapers that the large corporations arc not uucoiu-fortable. uucoiu-fortable. They are reported as being well satisfied with this provision." Mr. Cummins replied there was nothing in the corporation tax amendment amend-ment to make corporations uncomfortable. uncom-fortable. He then proceeded to discuss dis-cuss the tccelpts and expenses of the government, to sustain his contention that the pending bill did not supply cnoirgh money for usual expenses. Declaring that $479,000,000 must be raised from customs duties and an Inheritance, In-heritance, corporation or income fax to roet government expenditures and to take up the sinking fund, Mr. Cummin Cum-min p presented a letter from Secretary Secre-tary MacVeagh of the treasury department, depart-ment, stating that a-deficit appeared in the sinking fund at the close of the fiscal year 1908. of $5-19,363X17, although, al-though, up to that period the total debt had been reduced $32,812,000 in excess of the sinking fund requirement. require-ment. "Tho deficit at the close of lt08" wrote Mr. MacVeagh, "will be increased, in-creased, however, in tho current year of 1901, by approximately $H,0(ioooO, which deficit In more apparent than real." Mr. Cummins claimed that secretaries secreta-ries of the treasury had failed to place aside in the sinking fund, the amounts contemplated by law. "There is," he said, "a mystery in the bookkeeping which is not easy to understand." Estimating at JS1".O00,000 the sum of money required by the government for (he fiscal year 1911. Mr. Cumrolns said that not more than $200,000,000 would be raised from internal revenue, and not. more than $340,000,000 would be obtained from customs revenues under the Payne bill, leaving about 5240.000,000 to be supplied from some other source. "My conclusion is." lie said, "the de.Td' will he .$175,000,000 at the close or 1911." Q He declared that no one could investigate in-vestigate the subject without being convinced that there must be largo deficits every year hereafter, and he asserted that every penny which would result from the enactment of his and Mr. Bailey's income tax amendment would be necessary to |