New-York tribune., 1909-07-06
BILL NEAR COMPLETION

Continued from first page
remarks on the Importance Of placing oil on the
dutiabIe list. The feeling against the STANDARD
oil COMPANY was so intense he said, thar Sena-
tors were willing 20 strike down independent
oil operators on the theory that they were hurt
ing the great combination He said that since
the Senate placed oil on the free list the prfe.
Of oil In West Virginia had been reduced Is
cents a barrel He was convinced that tss
Standard Oil Company wanted free oil He
gave notice that when the tariT bin should Be-
taken Up In the Senate he would make an e.
fort to have some protection afforded the inds-
pendent oil operators
THE INCOME TAX VOTE
A running debate Of three hours preceded n.
adoptfon Of Senator Browns Joint resolution
for a constitutional amendment authorizing Con
gress to levy an income tax An amendment By
Mr. Bailey requiring that the cOnstirutionsI
amendment be submitted for ratification %
state conventions especially called. instead OF n
the legislatures. was voted down, As 20 90. All
the Democrats. except Senators Daniel and Mar
tin voted for the Bailey amendment. Senators
Rorah Bristow. CIapp. Cummins. Jones and "a
Toilette. Republicans voted against IT, Mr
Bailey then offered an amendment giving Con-
gress the power TO grade the income tax Later
he withdrew this amendment. saying he was
certain it would be voted down. and he did not
care to have that done, because it would give
the Supreme Court the right 20 say that prop
osition for graduated income tax amendnsHt
to the Constitution had been rejected
An amendment by Mr.. McLAurin 70 strfks
from the Constitution the appOrtionment re-
quirement with respect to direct taxes was de-
fested on a viva vOce vote.
Mr.. Bristov wanted TO amend the income tax
resolution by adding TO it a provision for the
election Of United States Senators by direct vote
of the people This was ruled out Of order.
Additional amendments were accepted pro
viding that nothing in the bill shall interiors
with the Cuban commercial treaty and prescrfb-
ing the methods by which the President shall
proceed in executing the discriminating features
This Is simply a re-enactment Of the counter
vafling duties of the existing law
Another amendment accepted allows all loss
on the Maine and Minnesota border to be sawed
In mills on the Canadian side which are now
owned by Americans without interfering with
their free entry into this country
Just before adjournment Mr.. AIdrich made
short statement explaining why the Finance
Committee had eliminated the provisions Of the
House bill for the issuance Of S4Op0OOe0 0f
Panama Canal bonds and for increasing the
amount of 3 per cent Treasury certificates from
SfO00OOOOO TO $2J0,OOOO6O.
PANAMA BONDS AND CURRENCY
1T viii probably be necessary 10 provide p
a different character of bonds and 70 increass
the amount" Mr. Aldrich said For the last
two. months, however. the receipts OF the Treas
ury have been equal TO it's disbursements. and
in nv opinion nothing can come from continued
existing conditions that viii compel recourse u
the Panama Canal provisions OF the House bill
until the meeting of Congress IN December
Then the question Will be taken up and the
policy of the government with respect 20 the
canal decided upon. including the question of
the issuance of bonds and the character Of The T
bonds to be Issued. I am sure We viii have %
provide a different class OF bonds for that pu~
pose
Il hope that the Monetary Commission VIII 70
able some time early in the next session 70 -
port some plan for an issuance q currency az
ferent from that now in existence This VII
probably involve a provision as 20 TIE character
OF United States bonds and other bonds Ac-
cordingIy, the committee has thought ,r desira-
BILE 10 strike out all provisions in the House bin
as to bonds and additional certificates ot IL F
debtedness. as they are not strictly matters 70
be dealt with in this bill"
Senator GaIIinger gave notice that to-norroW
he would offer amendments for an increase Of F
the tax malt liquors.