Daily press. [volume] (Newport News, Va.) 1896-current, 1909-07-08
DANIEL HAS New TAXATION PLAN
Virginia Senator Proposes to Collect
fourth of One Per cent of Gross
Incomes Of Corporations Earning
More Than 100000 a Year-Tobac-
CO Tax.
(By Associated Press.)

With g neral understanding that the
final vote in the Senate on the tariff
bill should be taken at O'Clock to-
morrow afternoon the Senate adjourn
ed at o'clock this evening in pleas
ont anticipation of the early conclu-
sion of the labors of the special ses-
sion of Congress.
Because of the possible effect on the
tobacco Schedule there was no effort
to obtain formal assent in open Senate
to the proposition to fix a time for
vote.
The day was busy one and the
prospect is tomorrow will be equally
so. 1t is expected that the bill will.
receive practically all the Republican
votes, while it is understood that prob
ably all of the Democratic votes, with
the exception of that of Senator Nc
Emery % Louisiana, will be cast
against it, When passed the measure
will be hurried over 20 the House as
3expeditiously as possible. 1t is ex-
pected the House will be In session
Friday morning in the hope OF receiv-
ing it.
Income and Inheritance Tax.
The income tax question including
the corporation tax provision and in
heritance taxes received much atten-
ton and the straight income TAKERS
were afforded the opportunity upon
which they have so long insisted to
get direct vote in favor OF the in
come tax as opposed to the corpora
ton tax
Senator Bailey moved his income
tax amendment as a substitute for the
finance committees provision. A vote
was taken upon it, and it was reject
ed by a majority of 10. the ballot
standing, % to AZ.
With the corporation tax provision
thus established as a part of the tariff
bill there was considerable effort
to amend It, In one notable case this
effort was successful.
Senator Clapp, of Minnesota, who
mas been a severe critic Of the provi-
sion ever since its Introduction be-
cause 1t excluded holding companies
renewed his criticism today and was
supported by other senators.
an amendment by Mr.. Clapp striking
out the exemption OF such companies
Assurance was also given that ev-
cry effort will be made to retain the
amendment in the committee.
Daniel Has New Plan.
Senator Daniel offered a new plan
for taking corporations with gross In
comes above 100000 at the rate OF
Ia OF per cent upon their gross
incomes.
Referring lightly TO the pretended
WEAKNESS OF the Rhode Island SEN
ator he described him as a wizard
al whose sign insurgents marched
with the tread OF Roman soldiers 10
bring him victory
Mr. Daniel continued to speak on
var.ous phases Of the amendment IN
til II O'Clock, when b. previous agree
me1a. the vice-president announced
adjournment
Next to the income tax. the discus
sion Of the customs court Es the
feature Of the days work. The court
was attacked as in the interest Of The
cities in which II would 81; and Of the
government and as opposed TO the
interests Of the importers
Courts Not ovcrcrow5e5-
While the court provision was IN
der discussion Senator Deliver read
a letter frcm United safes Judge La
connie. Of New York. stating tia; the
federal courts we're not overcrowded
and could handle the customs business
without q becoming congested.
The DEBATE Overt court provision
resulted IN the acceptance Of the n
nance committees provision.
Senator IaF0Iierfe today Indicated
a disposition 20 ask 70 have the whole
bin heid M unfil he could 70 through
ard select the provisions 20 which
be desired 20 oife- amendments. ne
was. however. persuaded 20 desis, fscm
fhis cC1rse.
tn reserved arts. presented tn or
der. vcns down one after another BE-
tore tho crsiaurhtz 81 The thoroughly
l,rxanizcj finance conuiftee. senator
oakley extended . reduction Of be,