New-York tribune., 1909-06-25
CORPORATION TAX
READY FOR SENATE
APPROVED By FINANCE
SUBCOMMITTEE.
RumOr That Republican House Tn
surgents' Are Trying to Organise
ReUOlt to XII Tariff Bill.
IFrom The Tribune Bureau.r

Washington. June 24-The corporation tax
amendment was laid before the subcommittee
composed Of the Republican members Of tbs
Finance Committee to-day and was finally and
formally approved Senator AIdrich expects 10
report the measure to the Senate tomorrow. A
rumor was prevalent during the day that there
was some controversy over the section providing
penalties for violation II the law but this report
was without foundation The section was
promptly approved. The penalties provided for
violation of the law consist Of fines ranging from
81 900 20 $4,000.
Senator Bailey in his speech to-day expressed
the view that if the proposed law were prop
erly enforced it ought TO bring IN a revenue OF
not less than s5O000.0O
Senator Newlands. in a set speech maintained
that Congress should impose tax the net
earnings Of only those corporations which were
benefciarfes of the tariff and declared that they
would have no ground for complaint If such q
tax we're imposed. He said that while he would
prefer an income tax he appreciated that vas
unattainable and he should. therefore vote for
the tax on the net earnings of corporations
The outlook tonight is that IT will be in
possible to begin consideration Of the corpora
ton tax amendment before next Wednesday nc
the earliest The leaders. who supposed that
the food Of oratory had almost spent ITSELF
learned to their sorrow to-day that Senator
JeH DAVIS was preparing q lDHS 81 SACCCiLs
Senator Davis returned 10 Washington few
weeks ago and announced that because Of the
recent death Of his wife he would take no part
in the tariff debate. but he has decided that he
cannot neglect the opportunity. and promises a
diatribe which will make Aldrich and his pals
on the Finance Committee vince Ike the CALLED
iade Of the Scriptures.
SEVENTEEN SIGNATURES SECURED
A decidedly interesting report gained credencs
in inner circles at the Senate to-day, that one
or two of the most radical of the Republican
insurgents in the upper house. having ben IN
successful in securing the adoption OF their
views by the Senate. were endeavoring TO or
ganize an fnsurrectiOn in the House. and that
they had already secured the signatures Of sew
enteen Republican members TO pledge binding
the signers 10 do all in their power 70 kill the
entire tariff bill and further that they had in
sight the remaining twelve Republican Repre-
sentatives whose votes would be needed TO de-
stroy the work Of the special session. assuming
that the Democrats would vote solidly against
the bill
It will be recalled that one Senator who is ar
least a member OF the Republican Caucus took
an active part in the House insUrrection- at the
beginning Of the special session. when the effort
was made TO overthrow the rules. and that a
number OF the members OF the Wisconsin dele
cation including some who had always been
regarded as stanch supporters OF the organiza-
ton. voted against the rules Their efforts
were crowned with comparatively little victory
that time. and it is a question whether all
the Republicans who protested against the rules
could be induced 10 take so serious a step as 10
kill the tariff bill Nevertheless. sufficient
credence vas given the report TO set the leaders
to counting noses.
CANNON AND DWIGHT SURE OF CONTROL
Speaker Cannon and Representative Dwight
both assured the President at the last White
House conference Of their complete control OF
majority of the House. but it is not known II
they were aware Of the efforts then going on
TO kill the tariff bill
The Senate leaders insist that Mr.. Cannon
will be able TO control the situation in the House.
and that a sufficient number OF Democrats are
interested in the tariff bill TO prevent its defeat.
even if some Republicans turn against IT,
Several Of the men who were most prominent
among the insurgents. earlier in the year. de-
clare tonight that they have heard nothing
Of the proposed defeat Of the tariff bill. but that
they will not hesitate to.vote against it If they
are convinced it is not a downward revision OF
the tariff.