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670,081,251
I make haste to assure the Senator from Ohio and the Senator from South Dakota that I did not mean even indirectly to infer or charge that they were attempting to delay a vote upon the measure in the way of a filibuster or that they were attempting to delay the legislation. The fact is I could readily see why the Senator from South Dakota and the Senator from Ohio might prefer a vote the next morning. There has been no effort on the part of either of them to delay the legislation. While I do not agree with the Senator from Ohio or the Senator from South Dakota in their views on the dill. I do take this occasion to say that in their management of the bill they have shown the highest quality of courtesy and statesmanship and a disposition to tell the simple truth. to advocate the cause in a high and dignified manner. worthy of their places in this great body. and in marked distinction and contrast to some of the performances of some other people. for whom I hope they are not responsible.
S
"1921-08-18T00:00:00"
431
Mr. STANLEY
Unknown
STANLEY
Unknown
M
4,445
4,462
08181921.txt
1,000
188
670,081,252
Mr. President-
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"1921-08-18T00:00:00"
432
Mr. BROUSSARD
Unknown
BROUSSARD
Unknown
M
4,463
4,463
08181921.txt
14
2
670,081,253
Does the Senator from Missouri yield to the Senator from Louisiana?
S
"1921-08-18T00:00:00"
433
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,464
4,465
08181921.txt
67
11
670,081,254
I yield.
S
"1921-08-18T00:00:00"
434
Mr. REED
Unknown
REED
Unknown
M
4,466
4,466
08181921.txt
8
2
670,081,255
I wish to reply to the Senator from Ohio that I merely read from the RECORD. and I think that the RECORD was very fair. If it needed any explanation. I think the Senator has made it. but I did not put into his mouth any words
S
"1921-08-18T00:00:00"
435
Mr. BROUSSARD
Unknown
BROUSSARD
Unknown
M
4,467
4,471
08181921.txt
225
47
670,081,256
Mr. President. I should have been through long before this. because I did not expect the colloquy to take so long. but I wish to make one or two further observations. I think it was pretty well known that there was no filibuster. Everybody in the Chamber knows there was no filibuster. If there had been a filibuster on the bill it probably would not have passed its second reading at this time. There is another terrible thing stated in this charge. to wit. that there is $100.000 worth of imported malt beverages in one lot now ready for distribution. That is a terrible thing. is it not? About how far would $100.000 worth of malt beverages go in the United States?. If it is needed for sickness at all. if it is a medicine at all. it probably would not supply the legitimate. honest prescriptions that would be made up for three days time in the United States. The trouble is this country is bigger than the conception of the paid lawyers who roost around in the galleries of the Senate and pose as respectable gentlemen when they are nothing but common lobbyists. I propose hereafter to call them by their right names. Then we find the usual charge that the beer interests are back of the bill. I do not know what the beer interests are back of. because I have not been pestered with lobbyists on either side of this question. but I do know that I never heard of a brewer coming here to Washington or sending here to Washington or writing here to Washington asking anybody to have beer prescribed as a medicine. because no brewery could make any money manufacturing beer for medicine if the law is enforced and its manufacture held down to the mere question of beer for medicine. It is all right to talk about beer lobbyists. and everybody who comes here on the other side of the question is a lobbyist. but give us one of these gentlemen who is lobbying for pay and making his living out of it. and if he is on the dry side of the question he is an angel of light. The sunlight as it comes down from the sky is purified as its rays strike his celestial wings. He may threaten. he may bully. he may collect money out of the United States and fill his coffers. he may live on the fat of the land. he may buttonhole Congressmen. he may thrust himself into the confidential conferences of committee meetings which are held to reconcile the differences of the two Houseshe may do all thatyet he is a saint. the chariot of fire is waiting for him. the mantle of divinity is falling through the air for his shoulders. Let anybody else express an opinion to a committee or to a Congressman and it is an "invisible lobby." covered with corruption and reeking with crime. That is the kind of mental viewpoint some of these gentlemen get. Now. the gentleman makes another statement in which he says: This Is what Senator REED and other wet Senators are attempting to accomplish. Of course. a man of this type is utterly incapable of appreciating the fact that another man might not have believed in prohibition. but. a constitutional amendment having been adopted which he is sworn to uphold. he intends in good faith to uphold it. I can readily understand the character of mind which can not at all appreciate the fact that there are men in the world who. even if the Constitution were leveled at something that they believed was right. nevertheless would observe the Constitution in its letter and in its spirit. I have never been a " wet" citizen. and I have never been a " wet " advocate. I have insisted that the people of every county in my State and in other States should regulate these matters for themselves. I have believed in local government. I was glad to see the change of public opinion which reduced to a minimum the consumption of alcoholic drinks. I did not believe that the legislatures of threefourths of the States of the Union had the right to force a law regarding local matters upon the people of those States against their protest. I believed that if that were done bad results would follow. Of course. however. the gentlemen to whom I am now adverting can not understand how any man who is wedded to the old principles of the Constitution which reserve certain rights to the people of the States of this Union could be opposed to taking over these powers by the Federal Government against the will of the people of some of the States. We find those gentlemen still standing here. willing now to break down one of the chief pillars of the Constitution. in order that they may have their way in the enforcement of this proposed law. I am not arguing to them. I do not expect to change them. Ephraim is joined to idols. let him alone. However. the people of this country are beginning to awaken to the fact that their Constitution is being assailed. and when awakened they will know how to deal with such men and such measures. I have merely this to say in conclusion: Reference has been made here about a filibuster. but this bill passed the House of Representatives on June 27. it passed the Senate with amendments on August 5. It was a month and about eight days in passing through this body. During that interval somie of the most important legislation that has been before the Senate in a year was here awaiting action and had to be disposed of. This bill was debated. first and last. a much shorter time than is the average bill. It was generally called up in the morning hour and only the morning hour. for other bills had the right of way. Mr. President. I have spent too much time on this question. but I serve notice that scandal mongers sending out false statements. paid hirelings who sit in the galleries of the Senate. will not be permitted hereafter to masquerade under the cloak of respectability.
S
"1921-08-18T00:00:00"
436
Mr. REED
Unknown
REED
Unknown
M
4,472
4,584
08181921.txt
5,732
1,044
670,081,257
Mr. President. I shall detain the Senate but for a moment. The Senator from Utah suggested that under section 8 of the pending bill the War Department might be called upon to turn horses over to the States for use in the construction of roads. I have never before heard that construction placed upon a provision of this kind. I know that such a practice never has prevailed in the past and it never will prevail in the future. The section simply means that war materialsexplosives. if you please. which are useful in blowing up hills and in blowing rocks out of the earth and for various other purposesif they are of no use to the Government. may be given to the States for roadconstruction purposes. In that case. why should not that policy be pursued? The section refers in the main to Army trucks. auto trucks. and similar materials which are of use to the States in the construction of roads. I want to say just a word further. The Senator from North Carolina [Mr. SumroNs] struck the nail on the head when he said we already have on hand surplus materials which are needed for the construction of roads in the States. The States provide half and the Federal Government provides half of the fund to construct roads in the States. therefore. if the material is not available. it will be necessary to take the Federal money and State money and buy it. If a truck which is needed costs $2.000. the Federal Government will have to put up $1.000 out of the Treasury and $1.000 will come from the State to buy something which the Government already owns and for which it has no use. Mr. President. In ordinary times we would not favor having the Government buy material and transfer it to the States for the construction of roads. but the material to which reference is made was acquired for use in a war that might have extended until now. but it ended. So we have the surplus material on hand and we want to use it. and there is no other way in which it will so benefit the masses of America as allowing it to be used in the construction of roads.
S
"1921-08-18T00:00:00"
437
Mr. HEFLIN
Unknown
HEFLIN
Unknown
M
4,593
4,628
08181921.txt
2,047
378
670,081,258
Mr. President. I desire to propound an inquiry to the Senator from Alabama. I understood him to say that it was not the policy of the department. or had not been the policy in the past. to give away horses. Did the Senator hear the statement which the Senator from New York made on that point yesterday?
S
"1921-08-18T00:00:00"
438
Mr. WILLIS
Unknown
WILLIS
Unknown
M
4,629
4,634
08181921.txt
303
57
670,081,259
I did not hear the statement.
S
"1921-08-18T00:00:00"
439
Mr. HEFLIN
Unknown
HEFLIN
Unknown
M
4,635
4,635
08181921.txt
29
6
670,081,260
I call the Senators attention to page 5114 of the RECORD. from which it will appear that it has been the policy to do that very thing as the law now stands. because a letter was sent to the highway commission of the State of Ohio to that effect. The letter was placed in the RECORD by the Senator from New York and says in part: Only last week I received a letter requesting me to advise the largest number of horses I would be willing to accept out of a 5.000 allotment. So it has been the policy. at any rate in the past. whatever it may be in the future.
S
"1921-08-18T00:00:00"
440
Mr. WILLIS
Unknown
WILLIS
Unknown
M
4,636
4,646
08181921.txt
557
112
670,081,261
Mr. President. no such thing has ever happened in any Southern State that I know anything about or any other State except Ohio. Ohio is the only State that has had the gall to ask for war horses for use on the roads.
S
"1921-08-18T00:00:00"
441
Mr. HEFLIN
Unknown
HEFLIN
Unknown
M
4,647
4,650
08181921.txt
216
43
670,081,262
I do not propose to allow the Senator fror. Alabama. simply because le was not here when the letter wns read and did not know what took place in the Senate. to misrepresent the position of the State of Ohio. The Department -1921. of Agriculture asked the State of Ohio if it would not receive these horses. and the State of Ohio through its highway departniot informed the Agricultural Department or the Bureau of Roads that it would not receive the horses. The State of Ohio has not at any time made any request for horses.
S
"1921-08-18T00:00:00"
442
Mr. WILLIS
Unknown
WILLIS
Unknown
M
4,651
4,673
08181921.txt
524
96
670,081,263
I beg the Senators pardon. I misunderstood the situation. Then. I am glad that Ohio has not asked for war horses for use in the construction of roads. So it comes back to my proposition. Mr. P.resident. that none of these horses have been used in the construction of public roads. The bill has reference to material. to explosives. if you please. If the War Department Toes not need them. why not use them in the blowing up of stamps and rocks in the roads? It has reference to Army trucks. If the War Department does not need thei. why not use them? Otherwise. as the Senator from North Carolina has said. the States and the Federal Government together would have to buy the trucks. So I trust that the motion of the Senator from New York will not prevail.
S
"1921-08-18T00:00:00"
443
Mr. HEFLIN
Unknown
HEFLIN
Unknown
M
4,674
4,686
08181921.txt
757
140
670,081,264
The question is on the amendment proposed by tile Senator from New York to the amendment reported by the committee.
S
"1921-08-18T00:00:00"
444
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,687
4,689
08181921.txt
115
20
670,081,265
I ask for the yeas and nays. The yeas and nays were not ordered.
S
"1921-08-18T00:00:00"
445
Mr. WADSWORTH
Unknown
WADSWORTH
Unknown
M
4,690
4,691
08181921.txt
64
14
670,081,266
OFFICEIR (putting the question). By the sound the " noes " seem to have it.
S
"1921-08-18T00:00:00"
446
The PRESIDING
Unknown
Unknown
Unknown
Special
4,692
4,693
08181921.txt
75
15
670,081,267
I ask foru division. On a division the amendment was rejected.
S
"1921-08-18T00:00:00"
447
Mr. WADSWORTH
Unknown
WADSWORTH
Unknown
M
4,694
4,695
08181921.txt
62
11
670,081,268
Mr. President. I present an tniendinent. to be inserted at the conclusion of section 2 -of the committee amendment.
S
"1921-08-18T00:00:00"
448
Mr. POMERENE
Unknown
POMERENE
Unknown
M
4,696
4,698
08181921.txt
115
19
670,081,269
The amendment to the amendnent will be stated. The AssIsTANT SECRETARY. On page 3. at the end of line 5. in the amendment reported by the committee. it is proposed to insert the following: The term "State funds" includes for the purposes of this act funds raised under the authority of the State or any political or other subdivisioi thereof.
S
"1921-08-18T00:00:00"
449
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,699
4,706
08181921.txt
342
60
670,081,270
Mr. President. I understand the object of the amendment of the Senator from Ohio. and I do not klnow that there is any objection to it. There is no objection if it does not conflict with the terms of the bill. but. as I have said to the Senator privately. I am not entirely clear as to what the effect will be upon the other provisions of the bill. Therefore. with the understanding that I shall give the matter consideration in conforence. when we may come to a better understanding of it. I have no objection to the alendnent going il.
S
"1921-08-18T00:00:00"
450
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,707
4,716
08181921.txt
537
101
670,081,271
Mr. President. very briefly. if I may. I should like to say that there is some little question as to what the termu " State funds " as used in section 10 may illelude. A strict construction of the term would perhaps limit it to funds provided by the State authorities in coutradistinction to the county or other authority. Now. it turns out that in Ohio our road fund is raised in part by a State levy. in part by tile county. in part by the township. and in part the expense is assessed upon the abutting property. This is done under an arrangement between the State and the several sundivisions thereof. and if county funds were raised there might be a question as to whether or not they would be embraced in the term " State funds." There is another situation as applied to the State of Arkansas. I am advised that there they do not raise their road funds by State levy. but they have road districts or divisions. and the funds are raised in those several divisions. Again. I understood ill a conference with the junior Senator from North Dakota -and I regret that lie is not herethat lie had some doubt as to whether the phraseology contained in section 10 would enable the people of his State to take advantage of these funlds. I dare say that all that the proponents of this bill are concerned in is that the funds furnisied by the Federal Government shall be matched by other funds. and it makes no difference to the Federal Government whether those funds are raised wholly by State levy and paiU wholly out of the State treasury. or in part out of the State treasury. in part out of tile county treasury. in part out of the township treasury. or out of funds raised by any subdivision thereof. I think that the Senator from Michigan and myself are one in the thought that we simIply want these Federal funds imatched with other funds. As I said to the Senator. while I think this language aimply imeets his views as well as my own. if upon further reflection the conferees should believe that this language should he Cianged to imeet the situation as we understand it. of Course that al be donie.
S
"1921-08-18T00:00:00"
451
Mr. POMERENE
Unknown
POMERENE
Unknown
M
4,717
4,754
08181921.txt
2,104
386
670,081,272
Mr. President. under that statement I am willing that this amendment shall go in. This bill. as tile Senator inderstands. provides a systen of roads. the States select 7 per cent. and it divides those roads into two classes. What the Government is interested in is tile construction of those roads.
S
"1921-08-18T00:00:00"
452
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,755
4,760
08181921.txt
298
51
670,081,273
And their maintenance.
S
"1921-08-18T00:00:00"
453
Mr. POMERENE
Unknown
POMERENE
Unknown
M
4,761
4,761
08181921.txt
22
3
670,081,274
It might be that a county would not be included in that system. or a township or other subdivision. but I think I understand the general purpose of the Senator. and if upon due consideration it works all right I am satisfied to let it go in.
S
"1921-08-18T00:00:00"
454
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,762
4,766
08181921.txt
241
47
670,081,275
The question is upon the amendment offered by the Senator from Ohio. The amendment to the amendment was .greed to.
S
"1921-08-18T00:00:00"
455
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,767
4,769
08181921.txt
114
20
670,081,276
Mr. President. going upon the theory that this bill will not le acted upon toilight. I submit all amendment which I expect to offer tomorrow. or. if not tomorrow. at the proper time.
S
"1921-08-18T00:00:00"
456
Mr. NEW
Unknown
NEW
Unknown
M
4,770
4,773
08181921.txt
182
33
670,081,277
Why does the Senator think the bill will not be acted upon tonight?
S
"1921-08-18T00:00:00"
457
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,774
4,775
08181921.txt
67
13
670,081,278
The question now is upon the Senate substitute. as amended. for the House amendment.
S
"1921-08-18T00:00:00"
458
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,776
4,777
08181921.txt
84
14
670,081,279
Then I offer the following amendment: I move to unend by striking out the figures " $100.000.000." in line 18. section 23. page 17. and inserting in lieu thereof the figures " $50.000.000 ". and by striking out the figures " $50.000.000 " where they occur in lines 19 and 20 of the same page aid section. and substituting in each case the figures " $25.000.000."
S
"1921-08-18T00:00:00"
459
Mr. NEW
Unknown
NEW
Unknown
M
4,778
4,783
08181921.txt
362
66
670,081,280
The amendment offered by the Senator from Indiana will be stated.
S
"1921-08-18T00:00:00"
460
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,784
4,785
08181921.txt
65
11
670,081,281
SECRETARY. On page 17. line 18. the sum to be appropriated. strike out " $100.000.000 " and in lieu thereof insert " $50.000.000." It then reads " for the fiscal year ending June 30. 1922." On line 19 strike out " $50.000.000 " and insert in lieu thereof " $25.000.000." It reads. following those figures. " of which shall become immediately available. and $50.000.000 of which shall. become available six months after the passage of this act." On line 20. strike out " 50.000.000" and insert in lieu thereof " $25.000.000."
S
"1921-08-18T00:00:00"
461
The AsSISTANT
Unknown
Unknown
Unknown
Special
4,786
4,794
08181921.txt
524
91
670,081,282
The question is upon the amendment proposed by the Senator from Indiana.
S
"1921-08-18T00:00:00"
462
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,795
4,796
08181921.txt
72
12
670,081,283
Mr. President. on that amendment I desire to say just a very few words.v I aii not opposed to an effort here to construct good roads throughout this country. If it requires the cooperation of the Federal Government and the -investment of Federal money in aid of the States. I shall not object to that. but I do think that this is certainly the time for the closest economy in the effort to obtain even those things \whiclh we most need. :We have not the money with which to obtain. nany things which we greatly desire and of which we are in very great need. Tile plea colmes from every quarter for close economy. I believe that to cut this appropriation in ialf will meet with popular approval. Whether it does or not. I believe it should be done. I all proposing it not because of any hostility toward the idea of havin1g the GOvernment aid the States in tills matter. blit because I feel first that the Government has not $100.000.000 to apply at this time to that purpose. and because even the road department admits it can not expend so large a sum to good advantage this season. Inasmuch as this reduction does not interfere at all with the inauguration of the plan. I very strongly urge that we go about it in a little more reasonable and restricted way than by appropriating so large a sum as $100.000.000.
S
"1921-08-18T00:00:00"
463
Mr. NEW
Unknown
NEW
Unknown
M
4,797
4,819
08181921.txt
1,313
241
670,081,284
Mr. President. I had hoped that we might get some accurate estimate of the sums available under previous appropriation bills. but unexpended. It has been suggested. of course. that the amendment of the Senator from Indiana might be miodified to read " twentyfive million " and " fifty million." I believe that we would do more wisely if we made it read " fifteen million " and " twentyfive million." If. as the winter goes on. it beconles manifest that the revenues under the new law are going to be productive of sums equal to those aiticipated. and if it should appeal at the regular session that more money is needed to go on with the work in the spring. we can take the steps necessary to appropriate more money. There are a few Senators who are opposed to the printiple of this act. but I believe there are a good many who are opposed at this time to the appropiriation of millions when we are by no means certain as to the unexpended balances to the credit of the road fund. Am I not right on that score?
S
"1921-08-18T00:00:00"
464
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
4,820
4,836
08181921.txt
1,010
189
670,081,285
Mr. President. there is a difference in the statements whiich ilave been presented to us. If the Senator means by the unexpended balance " the imoney that has not actually been paid out for the construction of roads under contract. there might be practically forty or fifty million dollars. but practically all of it is under contract. There may be some money that was appropriated or the project approved In the last days of June where the contract has not been actually completed. but that is a limited amount. but the money that has been allotted. and for which contracts have been let. must be met. That money must be paid in. I do not think there is enough money available now to carry on even a reasonable program of road construction between this time and next June. I am willing. possibly. so far as I am concerned. to concede that it will take somewhat less money to carry out the road work during the succeeding six months than it will during the following six months.
S
"1921-08-18T00:00:00"
465
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,837
4,863
08181921.txt
978
176
670,081,286
Will the Senator repeat that statement? There was some conversation here. and I did not catch it.
S
"1921-08-18T00:00:00"
466
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
4,864
4,865
08181921.txt
97
17
670,081,287
I have no doubt that the States that are depending upon Federal aid could get along with less money from now until the end of the six months than they would -actually require to carry out their programs during the next succeeding six months. I should seriously object. however. to reducing this appropriation more than $25.000.000. Last year we ]lad more than $100.000.000.
S
"1921-08-18T00:00:00"
467
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,866
4,872
08181921.txt
373
63
670,081,288
And the year before.
S
"1921-08-18T00:00:00"
468
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
4,873
4,873
08181921.txt
20
4
670,081,289
And the year before that. If we should reduce this appropriation $25.000.000. making immediately available the appropriation of $25.000.000. and then allowing $50.000.000 to carry out the reasonable programbecause it is not more than a reasonable programthat has been adopted by the States. I think we would be doing all that we could afford to do. This means the employment of men during the coming winter. In a large number of the States this work will be conducted during the wintertime.
S
"1921-08-18T00:00:00"
469
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,874
4,882
08181921.txt
490
81
670,081,290
Does the Senator think that many of the men who will be employed are men who have been released from the Army?
S
"1921-08-18T00:00:00"
470
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
4,883
4,885
08181921.txt
110
22
670,081,291
It will employ some of the men. It will not add to the unemployed as much as reducing this appropriation or discontinuing the work would add. -
S
"1921-08-18T00:00:00"
471
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,886
4,888
08181921.txt
143
27
670,081,292
Mr. President-
S
"1921-08-18T00:00:00"
472
Mr. NEW
Unknown
NEW
Unknown
M
4,889
4,889
08181921.txt
14
2
670,081,293
Does the Senator from Michigan yield to the Senator from Indiana?
S
"1921-08-18T00:00:00"
473
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,890
4,891
08181921.txt
65
11
670,081,294
I yield.
S
"1921-08-18T00:00:00"
474
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,892
4,892
08181921.txt
8
2
670,081,295
One fear that I have is that the men who are to be employed in this work will have to be paid for by other men who are not employed.
S
"1921-08-18T00:00:00"
475
Mr. NEW
Unknown
NEW
Unknown
M
4,893
4,895
08181921.txt
132
30
670,081,296
If the Senator means that we ought no longer to engage in Federal aid in the construction of roads. that argument might be good. but I do not believe in that argument. I believe that it Is the best investment of public money. when it is honestly and efficiently expended. to expend it on road work along the lines of the bill which is presented here. which I think fairly well protects the expenditure of this money against waste and confines it to a system of roads throughout the country which are absolutely necessary to the return of prosperity. I do not believe anything more can be done to assist in the return of prosperity than to build up the proper roads of this country. to aid in the problem of transportation. Therefore. Mr. President. I hope this amendment offered by the Senator from Indiana will not prevail. I think it is too much of a reduction.
S
"1921-08-18T00:00:00"
476
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,896
4,910
08181921.txt
863
157
670,081,297
The question is on the amendment of the Senator from Indiana to the amendment of the committee. On a division. the amendment to the amendment was rejected.
S
"1921-08-18T00:00:00"
477
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,911
4,914
08181921.txt
155
27
670,081,298
Mr. President. I move to amend by reducing the appropriation from $100.000.000 to $75.000.000.
S
"1921-08-18T00:00:00"
478
Mr. NEW
Unknown
NEW
Unknown
M
4,915
4,916
08181921.txt
94
14
670,081,299
The Secretary will state the amendment to the amendment. The AssIsTANT SECRETAiRY. The Senator from Indiana proposes. on page 17. line 18. to strike out "$100.000.000" and in lieu to insert "$75.000.000."
S
"1921-08-18T00:00:00"
479
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
4,917
4,921
08181921.txt
204
32
670,081,300
Mr. President. will the Senator indicate if he does not intend to amend. in line 19. to make " $50.000.000 " read " $25.000.000." so as to reduce the appropriation immediately available to $25.000.000. but leave the appropriation available six months later at $50.000.000? That will permit the work to go on this winter under the unexpended appropriation.
S
"1921-08-18T00:00:00"
480
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
4,922
4,927
08181921.txt
355
58
670,081,301
Yes. Mr. President. I desire to have that amendment made if the pending amendment to the amendment is agreed to.
S
"1921-08-18T00:00:00"
481
Mr. NEW
Unknown
NEW
Unknown
M
4,928
4,930
08181921.txt
112
20
670,081,302
Mr. President. I have considered this question. I have talked with the officials in the Bureau of Public Roads. I. have tried to harmonize this appropriation with the financial condition of the country and. although I do not speak for. the committee. personally I shall not object to a reduction of $25.000.000 in the proposed appropriation. making the amount immediately available $25.000.000..
S
"1921-08-18T00:00:00"
482
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
4,931
4,938
08181921.txt
395
62
670,081,303
Mr. President. notwithstanding the acquiescence or surrender. whichever it may be. of the Senator from Michigan. I hope that the amendment will not be agreed to. There are a hundred ways of economizing better than this. There are many absolutely harmful expenditures of money which ought to be stopped. There are very many excrescences that ought to be lopped off. Nothing is of more importance than to get the farmers produce from his farm to the railway station. to the river or lake landing. or to the coast city. What is this $100.000.000 after all? How many battleships does it amount to? How many soldiers. how many useless employees lying around .the public doors of the departments and in the Capitol in Washington? Money is being spent in a hundred ways. in the duplication of work in the departments. on account of a lack of a budget system to restrain expenditures. where we can make economies which would be in the interest of the people themselves. . Mr. President. I think everybody will clear me of any effort. now or heretofore. to indulge in demagoguery. and when I speak about the people. or about the masses. I do not do it because that is the popular way of talking. but I say it in this connection because the people themselves get little or no benefit from most of the expenditures of the Federal Government. which in itself to a very large extent is a sort of a fifth wheel in most of its functionings. whereas when you come to good rdads people not only get the benefit but the " mudsills " of the people get it. the farmers. upon whom rests the entire structure in the long run. the man who is first hurt and latest relieved when bad times come. and the man who does the most work. the longest hours. with the least relief. and without any labor union to help him out. Mr. President. I have some objections to this bill. because I think it has somewhat lost sight of the fact that the object of our goodroads legislation is just what I have intimated. and now we are beginning to be told that we ought to have through routes. interstate roads. not good for the people at large. You can not rival the railroads and rivers with automobile transportation of freight. We are getting too much away from the good roads freight transportation to the good roads passenger transportation. which is a secondary consideration altogether. So far as the public benefit is concerned. it must come chiefly from enabling me to carry 10 bales of cotton to market. 12 or 15 miles away. over a good road. with the same expenditure of animal force and man supervision that is now required to carry 3 bales of cotton. and that analogy. applies to all the other products of the farm. . I know. by personal observation. that even a gravel road. which is not the very best form of metal road. will enable the same horsepower and the same man supervision to carry 10 bales of cotton. worth.$50 a bale. or $500 worth of product. to the market. that will suffice to carry 3 bales of cotton worth $150. It is even worse than that with corn. because the same 2mule wagon would carry from 14 to 20 bushels of corn. and a truck traveling over a good road can carry as much corn as the truck can hold. it depends upon the size of the truck. But I want to utter a warning now. Mr. President. against the idea of allowing. now or hereafter. this good roads idea to be prostituted to the use of tourists. travelers. joy riders. or to anything elseas its main purpose. I mean. it may come along incidentallyexcept getting the farmers product on the Innumerable. post routes of this country from his farm to his railroad station. his river. or lake. or seacoast landing. That Is what it was originally intended for. That is the great. main. emergent utility of the legislation. and I hope the amendment will be defeated. and that every amendment which shall undertake to reduce the amount which the committee has found it possible to recommend for this purpose shall be defeated. because this is one of the cases. and one of the very few cases. where expenditure is not waste. but is investment. The same thing may be said to a limited extent about the Navy and the Army. but not to the same extent. because they are investments for possible war. and this is an investment for actual. existing. continuing peace. and even as wicked and mean as humanity is. as insane and as foolish as it hitherto has been. the general average in a civilized country. in years of peace toward years of war. is about 20 to 1. So that every investment for peace purposes possesses twentyfold the.merit of any investment for war purposes.
S
"1921-08-18T00:00:00"
483
Mr. WILLIAMS
Unknown
WILLIAMS
Unknown
M
4,939
5,016
08181921.txt
4,606
832
670,081,304
Mr. President. I do not desire to delay at all a vote on the amendment to the amendment or on the amendment itself. I am very anxious to have a.vote. But I want to make a brief statement touching an amendment which I was urged to offer by the Ohio Good Roads Federation. The amendment desired was to have inserted. after the word " funds." in line 10. on page 10. the words " or funds under the control of the State or subject to its order." I have examined very carefully the amendment prepared by my colleague . which has been adopted. and I believe it will accomplish the purpose which these people who are interested in good roads have in view. Therefore I shall not offer the amendment.
S
"1921-08-18T00:00:00"
484
Mr. WILLIS
Unknown
WILLIS
Unknown
M
5,017
5,043
08181921.txt
691
130
670,081,305
The question is upon the amendment offered by the Senator from Indiana [Mr. NEwl to the committee amendment.
S
"1921-08-18T00:00:00"
485
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
5,044
5,046
08181921.txt
108
18
670,081,306
I ask for the yeas and nays on that.
S
"1921-08-18T00:00:00"
486
Mr. HARRISON
Unknown
HARRISON
Unknown
M
5,047
5,047
08181921.txt
36
9
670,081,307
I am paired with the senior Senator from New Hampshire . I transfer that pair to my colleague and vote " nay."
S
"1921-08-18T00:00:00"
487
Mr. BROUSSARD
Unknown
BROUSSARD
Unknown
M
5,050
5,053
08181921.txt
110
22
670,081,308
I have a general pair with the senior Senator from Vermont [Mr. DiicNGHAX]. which I transfer to the senior Senator from Texas and vote " nay."
S
"1921-08-18T00:00:00"
488
Mr. GLASS
Unknown
GLASS
Unknown
M
5,054
5,057
08181921.txt
142
26
670,081,309
I transfer my pair with the senior Senator from Tennessee to the junior Senator from Vermont aud vote " yea."
S
"1921-08-18T00:00:00"
489
Mr. HALE
Unknown
HALE
Unknown
M
5,058
5,060
08181921.txt
109
20
670,081,310
(when his name was chiled). I have a general pair with the Senator from West Virginia [Mr. E sKINS]. I transfer that -pair to the junior Senator from Georgia and vote " nay."
S
"1921-08-18T00:00:00"
490
Mr. HARRISON
Unknown
HARRISON
Unknown
M
5,061
5,064
08181921.txt
174
33
670,081,311
I transfer my general pair with the Senator from Maine to the- senior Senator from Arizona [Mr. AsUnsT and vote " nay."
S
"1921-08-18T00:00:00"
491
Mr. JONES of New Mexico
Unknown
JONES
New Mexico
M
5,065
5,068
08181921.txt
119
22
670,081,312
I have a general pair with the senior Senator from North Carolina [Mr. Snirows]. In his absence I withhold my vote.
S
"1921-08-18T00:00:00"
492
Mr. KELLOGG
Unknown
KELLOGG
Unknown
M
5,069
5,071
08181921.txt
115
21
670,081,313
I have a general pair with the senior Senator from Alabawa .. I transfer that pair to the junior Senator from Maryland and Vote " yea."
S
"1921-08-18T00:00:00"
493
Mr. LODGE
Unknown
LODGE
Unknown
M
5,072
5,075
08181921.txt
135
26
670,081,314
Again announcing my temporary pair with the junior Senator from Missouri . I withhold my vote.
S
"1921-08-18T00:00:00"
494
Mr. POMERENE
Unknown
POMERENE
Unknown
M
5,076
5,078
08181921.txt
94
16
670,081,315
(when his came was called). I have a geaeral pair with the Senator from South Carolina [Mr. SMITu. Not knowing how that Senator would vote. I withhold my vote.
S
"1921-08-18T00:00:00"
495
Mr. STERLING
Unknown
STERLING
Unknown
M
5,079
5,081
08181921.txt
159
29
670,081,316
Transferring my pair with the senior Senator from Pennsylvania . w11o is unavoidably absent. to the Senator from South Carolina. . I vote " n1y." The roll call was concluded.
S
"1921-08-18T00:00:00"
496
Mr. WILLIAMS
Unknown
WILLIAMS
Unknown
M
5,082
5,086
08181921.txt
174
30
670,081,317
I votod in the negative. after transferring my pair to my colleague. I understand that my colleague is paired with another Senator. Therefore. I withdraw my vote.
S
"1921-08-18T00:00:00"
497
Mr. BROUSSARD
Unknown
BROUSSARD
Unknown
M
5,087
5,090
08181921.txt
162
27
670,081,318
I voted. but neglected to state my pair. I have a pair with the senior Senator from Rhode Island . which I transfer to the junior Senator from.Georgia and vote. "nay."
S
"1921-08-18T00:00:00"
498
Mr. TRAMMELL
Unknown
TRAMMELL
Unknown
M
5,091
5,095
08181921.txt
167
31
670,081,319
I have a pair with the junior Senator from Illinois . I am unable to obtain a transfer. and therefore withhold my vote. If permitted to vote. I would vote " nay."
S
"1921-08-18T00:00:00"
499
Mr. CARAWAY
Unknown
CARAWAY
Unknown
M
5,096
5,099
08181921.txt
162
32
670,081,320
I have a general pair with the senior Senator from North Dakota . I have arranged a transfer with the senior Senator from South Dakota [Mr. STEntrNGL. who has a general pair with the Senator from South Carolina . so that by a double: transfer. we are both permitted to vote. I will therefore allow my vote to stand.
S
"1921-08-18T00:00:00"
500
Mr. KING
Unknown
KING
Unknown
M
5,100
5,106
08181921.txt
315
59
670,081,321
Under the statement made by the Senator from Utah. notwithstanding the absence of my pair. I am entitled to vote. I will therefore vote. I vote " yea."
S
"1921-08-18T00:00:00"
501
Mr. STERLING
Unknown
STERLING
Unknown
M
5,107
5,109
08181921.txt
151
28
670,081,322
I have a general pair with my colleague [Mr. ERms T}. In his absence. I withhold my vote.
S
"1921-08-18T00:00:00"
502
Mr. STANLEY
Unknown
STANLEY
Unknown
M
5,110
5,111
08181921.txt
89
18
670,081,323
I have a general pair with the junior Senator from Wyoming . which I transfer to the junior Senator fromt Pennsylvania and vote yen."
S
"1921-08-18T00:00:00"
503
Mr. McCORMICK
Unknown
MCCORMICK
Unknown
M
5,112
5,115
08181921.txt
133
24
670,081,324
Since my former statement with regard to my pair and its transfer. I find that another Senator had transferred his pair to the junior Senator froin Georgia . Being unable to obtain a transfer. I am compelled to withdraw my vote. If permiitted to vote. I would vote " nay."
S
"1921-08-18T00:00:00"
504
Mr. TRAMMELL
Unknown
TRAMMELL
Unknown
M
5,116
5,122
08181921.txt
272
50
670,081,325
Mr. President. I wish to announce the unavoidable absence on the business of the Senate in attendance at a meeting of the Finance Committee of Senators PENROSE. SMoOT. DILLINCHAM. WATSON of Indiana. SUTHERLAND. MCUMBER. and WALsH of Massachusetts. The result was aunouncedyeas 21. nays 18. not voting 57. as follows: YEAS21. Ball Tones. Wash. MeNary Wadsworth Borah King Nelson Warren Brandegee La Follette New Willis Capper Lenroot Shortridge Curtis Lodge Sterling Hale McCormick Townsend NAYS18. Cameron Heflin Norbeck Sheppard Fletcher Hitchcock Oddle Swanson Glass Jones. N. Mex. Phipps Williams Gooding McKellar Pittman Harrlon Nicholson Poindexter
S
"1921-08-18T00:00:00"
505
Mr. CURTIS
Unknown
CURTIS
Unknown
M
5,123
5,142
08181921.txt
653
95
670,081,326
Secretary will call the roll. The reading clerk called the answered to their names: Ball B3orh0 Brandegoe Broussard Calder Cameron Capper Caraway Curtis Fletcher Glass Gooding Hale fleflin Hitchcock Jones. N. Mex. Jones. Wash. Kellogg King L]adal La Follotte Lenroot Not a quorum has voted. The roll. and the following Senators Lodge McCormick McCumber McKellar MeNary Nelson New Nicholson Oddie. Phipps Pomerene Sheppard Shortridge Stanley Sterling Sutherland Swanson Townsend Wadsworth Walsh. Mass. Warren
S
"1921-08-18T00:00:00"
506
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
5,160
5,214
08181921.txt
507
73
670,081,327
I wish to anounce the absence of the Senator from Missouri on official business.
S
"1921-08-18T00:00:00"
507
Mr. STANLEY
Unknown
STANLEY
Unknown
M
5,215
5,216
08181921.txt
80
14
670,081,328
Fortythree Senators having answered to their names. there is not a quorum present. The Secretary will call the roll of absentees. The reading clerk called the names of the absent Senators. and Mr. NGEBECK and Mr. WATSON of Indiana answered to their names when called.
S
"1921-08-18T00:00:00"
508
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
5,217
5,223
08181921.txt
267
45
670,081,329
Fortyseven Senators having auswered to their names. there is not a quorum present.
S
"1921-08-18T00:00:00"
509
The PRESIDING OFFICER
Unknown
Unknown
Unknown
Special
5,226
5,227
08181921.txt
82
13
670,081,330
Mr. President. I realize that if we secured a quorum and called for a vote. we would not then have a quorum for the vote. as that seems to be the disposition of the Senate at this hour. Therefore. I move that the Senate adjourn.
S
"1921-08-18T00:00:00"
510
Mr. TOWNSEND
Unknown
TOWNSEND
Unknown
M
5,228
5,231
08181921.txt
228
45
670,081,331
The House automatically resolves itself into who was the chairman of the Ways and Means Committee at the Committee of the Whole House on the state of Union for the that time. was placing the burden of taxation upon the North further consideration of the revenue bill. and the gentleman and upon the East. that the South was in the saddle. and from Massachusetts will resume the chair. many Republican Members of Congress made that statement
H
"1921-08-18T00:00:00"
511
The SPEAKER
Unknown
Unknown
Unknown
Special
5,288
5,291
08181921.txt
440
76
670,081,332
Mr. Chairman. I suggest that the gentle- 28th day of last month. and I will read it to you: man from Arkansas use some of his time. Whea CLkUDE KITCHIN. of Scotland Neck. N. C.. was. as chairman
H
"1921-08-18T00:00:00"
512
Mr. LONGWORTH
Unknown
LONGWORTH
Unknown
M
5,297
5,298
08181921.txt
194
38
670,081,333
Mr. Chairman. I think we ought to have a ofethe Ways and Means Committee. framing the tax bills under which the Government raised money for the war the charge was freely made quorum here. and I make the point of no quorum present. by many Republican speakers and newspapers that the South was seek-
H
"1921-08-18T00:00:00"
513
Mr. BLACK
Unknown
BLACK
Unknown
M
5,299
5,301
08181921.txt
298
54
670,081,334
The gentleman from Texas makes tie lug to place the burden of taxation upon the North because the latter point of no quorum present. The Chair will count. [After had most of the money. Of course. this was in a measure true. becaiuse taxes must he laid where there is money. W"here everybody is counting.] Fortytwo Members present. not a quorum. The poverty stricken little revenue cal he raised. no matter how heavy the Clerk will call the roll. taxation is. That the Democrats played no favorites. sectionally speak-
H
"1921-08-18T00:00:00"
514
The CHAIRMAN
Unknown
Unknown
Unknown
Special
5,302
5,306
08181921.txt
517
89
670,081,335
A quorum is present. The committee will gain like they tax other gains in business. For example. under resume its session. that section an individual might buy an apartment house in Accordingly the committee resumed its session. with Mr. 1shingtoii in 1913. for which le paid $100.000. If that apartWALSH in the chair. meat house sells in 1921 for a million dollars le would have a
H
"1921-08-18T00:00:00"
515
The SPEAKER
Unknown
Unknown
Unknown
Special
5,353
5,356
08181921.txt
381
66
670,081,336
Mr. Chairman. I yield one hour to the gen- net gain of $900.000. and yet under that provision he would have tleman from Arkansas . the right to separate that gain from all other gains. and his
H
"1921-08-18T00:00:00"
516
Mr. GARNER
Unknown
GARNER
Unknown
M
5,357
5,358
08181921.txt
192
37
670,081,337
Mr. Chairman and gentlemen of the com- $900.000 would be taxed only 15 per cent. Why do you not tax nsittee. there are some jokers ill this bill. and at least one tle $900.000 profit at the rateof 32 per cent as you do other Individuals who have an income of as much as $66.000? I think the court will sustain that interpretation. I remember quite well that a very bright lawyer came before the Ways and Means Committee and urged that provision on the theory that the people dealing in real estatebuying real estate and buildings for investmentwould not sell them because they would have to pay so much to the Government. How much do you lose in revenue under this provision? Under that state of facts. under the present law the man would have to pay approximately $380.000 in taxes. and under this provision he would have to pay only $135.000. We say it. is not fair to the rest of the people when you relieve rich speculators of taxation in that sort of fashion. You can not explain it to the American people. It seems that Republicans are never happier than when they are relieving rich Individuals and rich corporations of taxes. Now I must hurry along. for I have only one hour. and many other Democrats want to speak upon this bill. Take the excise taxes on page 69 of the bill. Under the present law we tax the excess of $5 a square yard on carpets. for example. at 10 per cent. You are not going to lose any money from this provision but you are shifting the burden to the less wealthy class of individuals. because you amend the law by saying: Carpets and rugs. Including fiber. if sold for more than $3.50 a square yard. 5 per cent. Under the present law we tax the excess of $5 a square yard on carpets at 10 per cent. You take in a larger class of people because you reduce the price of the carpets. You will get more money than you do under the present law. but you get it from the less wealthy of the country. In other words. you are shifting the burden from those who are better able to pay to those who are less able to pay.
H
"1921-08-18T00:00:00"
517
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,359
5,401
08181921.txt
2,040
387
670,081,338
Will the gentleman yield?
H
"1921-08-18T00:00:00"
518
Mr. BACHARACH
Unknown
BACHARACH
Unknown
M
5,402
5,402
08181921.txt
25
4
670,081,339
What class of poor people would purchase carpets for $3.50 a square yard at wholesale?
H
"1921-08-18T00:00:00"
519
Mr. BACHARACH
Unknown
BACHARACH
Unknown
M
5,404
5,405
08181921.txt
86
15
670,081,340
More will purchase at $3.50 a yard than they would at $5.
H
"1921-08-18T00:00:00"
520
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,406
5,407
08181921.txt
57
12
670,081,341
But this $3.50 applies to the wholesale trade.
H
"1921-08-18T00:00:00"
521
Mr. BACHARACH
Unknown
BACHARACH
Unknown
M
5,408
5,409
08181921.txt
46
8
670,081,342
There will be more people purchase carpets at $3.50 than they would at $5 a yard. and the gentleman knows it.
H
"1921-08-18T00:00:00"
522
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,410
5,412
08181921.txt
109
21
670,081,343
If my colleague will yield. I think he misunderstands the provision. Three dollars and a half is the wholesale price. and the other provision-$5--was for the retail price.
H
"1921-08-18T00:00:00"
523
Mr. BACHARACH
Unknown
BACHARACH
Unknown
M
5,413
5,416
08181921.txt
171
28
670,081,344
Under the present. law you have a tax on the excess over a certain price. and you put the tax on the entire price in this bill.
H
"1921-08-18T00:00:00"
524
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,417
5,419
08181921.txt
127
27
670,081,345
Oh. yes. but this applies to $3.50 wholesale.
H
"1921-08-18T00:00:00"
525
Mr. BACHARACH
Unknown
BACHARACH
Unknown
M
5,420
5,421
08181921.txt
45
8
670,081,346
On the whole carpet but not on the excess. Now. take the next provision: Under the present law we tax the excess of over $50 on trunks. and in this bill you reduce the percentage to 5 per cent and the value of the trunks to $30. Therefore you take in more people and you shift the burden from those who are better able to pay it to those who are less able to pay it. Valises. traveling bags. suit cases. hatboxes used by travelers. and fitted toilet cases. if sold for more than $15. 5 per cent.
H
"1921-08-18T00:00:00"
526
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,422
5,430
08181921.txt
495
98
670,081,347
The gentleman does not seem to appreciate that those are the manufacturers price.
H
"1921-08-18T00:00:00"
527
Mr. LONGWORTH
Unknown
LONGWORTH
Unknown
M
5,431
5,432
08181921.txt
81
13
670,081,348
Yes. this is a sales tax which will be passed on to the consumers of America. Now. I want to discuss that more fully. Purses. pocketbooks. shopping and hand bags. if sold for more than $4. 5 per cent. Under the present law it is $7.50 and the tax is 10 per cent on the excess over $7.50. Portable light fixtures. including lamps of all kinds and lamp shades. if sold for more than $10. 5 per cent. We had an excess of $25. They have taken in a greater number of purchasers in the country. and. therefore. they are shifting the burden. Umbrellas. parasols. sunshades. If sold for more than $2.50. 5 per cent. We have in the present law a fax of 10 per cent on the excess over $4. I notice also that you reduce the tax from 10 per cent in the present law to 5 per cent on tennis rackets. billiard and pool and golf balls. It does seem that the people who buy these articles could contribute as much as 10 per cent on the price toward helping pay the war debt. In section 810 of the bill you reduce the 10 per cent tax to 5 per cent on sculpture. paintings. statuary. art porcelains. and bronzes to adorn the homes of the rich. House or smoking coats or jackets and bath or lounging robes. it sold for more than $3. 5 per cent. You can not buy one for less than $3. You shift the burden there and put it on the people less able to carry the burden. for that takes in everyone. In this bill you repeal the provision taxing electric fans. and you say that you lose $280.000 in taxes. Of course. that is not much. but I take it that the people of this country who are able to buy portable electric fans would be able to pay the small tax provided in the present law. If you repeal that. and you have repealed it. then you must find $280.000 from some other source. You say in the report that you want to reduce the surtaxes and repeal the excessprofits taxes. especially the surtaxes. And why? Because you say it forces the rich and wealth of the country to place their money in taxexempt securities. That is the excuse you give. and we hear the gentleman from Ohio and the gentleman from New York crying out in favor of a constitutional amendment prohibiting the issuing by the States and cities and counties of the country of taxexempt securities. and they say that if you will do that the rich would not put their money into that kind of security. but would put it in productive industry. You say you want no more taxexempt securities for the reason that the rich of the country put their money in those securities instead of in productive industry. Under the present law a mlan can buy as much as $160.000 of Government bonds. if he will purchase them properly and according to law. and they are exempt from taxation. and in this bill you increase that amount to $335.000. Why do you do thgt? In one breath you say you do not want any more taxexempt securities because those taxexempt securities are causing the rich of the country to place their money in them instead of in productive industries. and in the next breath in this very bill you violate the very excuse you lay down as an excuse for the legislation you carry in the bill. because on page 82 of the bill we find the following provision: SEC. 1010. The various acts authorizing the issues of Liberty bonds are amended and supplemented as follows: (a) On and after January 1. 1921. 4 per cent and 4h per cent Liberty bonds shall be exempt from graduated additional income taxes. commonly known as surtaxes. and excessprofits and warprofits taxes. now or hereafter imposed by the United States upon the income or profits of individuals. partnerships. corporations. or associations. In respect to the Interest on aggregate principal amounts thereof as follows: .. Until the expiration of two years after the date of the termination of the war between the United States and the German Government. as fixed by proclamation of the President. on $125.000 aggregate principal amount. and for three years more on $50.000 aggregate principal amount. You do not want any more taxexempt securities. yet you* double. more than double. the taxexempt securities that one can buy today under the present law. How are you going to explain that? I hope Mr. LoNowORTH or Mr. TREADWAY or some other gentleman of the Ways and Means Committee will explain why it is that in one breath you do not want taxexempt securities and in the next you increase the amount of exemption. So long as you play falsely with the people and try to mislead them on these taxexempt securities you could not in a thousand years get them to adopt a constitutional amendment such as Mr. MILLs proposes. and they ought not to do it if you are going to treat them in that sort of fashion. The Republican Party in this proposed legislation is running true to form. You are trying to relieve the wealthy of the country. you are trying to relieve the great multimillionaires and the income of the big corporations and place the burden somewhere else. You say that you lose $450.000.000 because of repealing the excessprofits tax.
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"1921-08-18T00:00:00"
528
Mr. OLDFIELD
Unknown
OLDFIELD
Unknown
M
5,433
5,525
08181921.txt
5,040
919
670,081,349
Mr. Chairman. will the gentleman yield?
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529
Mr. HARDY of Texas
Unknown
HARDY
Texas
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5,526
5,527
08181921.txt
39
6
670,081,350
The gentleman just now read a provision of the law which is to be extended until after the proclamation of peace. Can the gentleman conceive of any reason for postponing the effect of any law until the formal proclamation of peace?
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"1921-08-18T00:00:00"
530
Mr. HARDY of Texas
Unknown
HARDY
Texas
M
5,529
5,533
08181921.txt
231
41