Urbana Union

THEY FALTER.

A Significant thing was done in Congress last week. The committee on Ways and Means, had provided in their bill that the interest on Government bonds should be subject to Income tax. That is, if a poor man had only $3,000 of 6 per cent. bonds he should pay no tax, as they propose to exempt $2000 dollars income from tax. But a motion was made to tax the coupons five per cent. and deduct that amount at the Treasury when the coupons were presented for payment. This would be taxing all the bonds, both those in the hands of foreigners and those in the hands of people with less than $1000 dollars income. The House agreed to this by twenty-five majority on a stand up vote. The Yeas and Nays were at once called for, and a clamor raised, that they did not know what they were doing. So they adjourned an hour earlier than usual, and this of course meant drilling and whipping in. Next day, the thing was all right, and a call of the Yeas and Nays, the motion failed: They falter, And they will share the fate of all wilful wrong-doers. The motion was right in kind, but a tax of five per cent. will not do. They must come up to the mark laid down by the Ohio Democrats-a tax on the Coupons equal to average State Taxes.