The Barre daily times. (Barre, Vt.) 1897-1959, 1909-06-21
White House Taking a Hand
In Legislation
LODGE TALKS ON HIDES
Wood Pulp Schedule Not Yet Out Of the
way-France Joins England in Pro-
test Against American Par
ticipation in Loan.

Washington, June 2i.--Inasmuch as
the White House is drawing up the pro.
vision in the tariff bill relating to the
taxing Of corporations, the information
from that source that the line may be
drawn at corporations enjoying an in
come Of $1,000, and therefore capitalized
at about 100000, is interesting. Il is
further learned that on close scrutiny
the proposal to include the interest on
bonds a. taxable earnings has been found
from court decisions impossible, SO far
to frame into practicable law, and II
viii probably be given up. At the same
time from a member of the finance com
ittee, It is learned that the trend in the
committee is to exclude no corporations
from the operations Of the tax. Since,
too. the per cent. rate proposed APP
parently would yield more revenue than
desired. it is now thought probable that
the rate win be put at ia per cent
The provision came up for brief discus
sion in the Senate and was postponed
until the tariff schedules are out Of the
way.
Further significant information OBJ
tanned from a very high source Is that
President Taft has pledges from Speaker
Cannon and Senator Aldrich, subscribing
their influential aid. tantamount TO the
consent Of Congress, to the enactment
into law Of most Of the administration
program bearing on salutary restriction
Of corporations The details Of this cam
not as yet be printed, but Il may be
said that they are enough TO Indicate
that corporate finance Is going to come
in contact with some rather stringent
provisions and prohibitions that viii be
the undoing Of certain corporate subter-
fuges Of rather widespread indulgence.
Il is understood that the administration
has great faith in the fulhllment of
these pledges.
The wood pulp schedule is not yet out
Of the way, for the finance committee
reported an amendment with a proviso
which raises rates most substantially
where countries put an export duty on
wood pulp. Thus Is Canada to be hit
and the hostile act Of one province will
be sufficient to invoke the retaliatory
proyis0. The committee also reported
i duty 81 Is per cent. on hides, as had
been expected. Immediately Senator
LODGE became an insurgent to oppose
this duty he made a very strong speech.
The senator was a target for internIp
tions BY the advocates for a duty on
hides. Senators Warren, Dixon, Carter
and Flkins. Inconsistency the senator
said. had no terrors for him. The Demo-
Gratis were inconsistent he declared, and
passage Of Byronie poetry cinched that
observation On hides, he asserted that
he stood where be and Senator Hoar had
stood II years ago. He asked for pro-
lection for shoes, saying that the Ameri
can advantage was disappearing, and
this brought several senator's to their
feet with questions, and typical was that
of Elkins. who asked, IF we put hides
on the free list, win you put shoes on
the free listgp no this Mr. Lodge re
piled. eNo; because we no not do ii in
other cases" Mr. Ellyins declared that
II Mr. Lodge would apply his argument
on shoes to oil he would vote for free
hides. Mr.. Lodge also said that he was
disposed to vote TO put shoes on the
free list If the Senate would vote to put
print paper on the free list, since wood
pulp the raw material for print paper,
was to come in free. The senator was
followed BY Senator Warren, who charged
that the leather trust was behind the
movement for free bffss
It is aseertained here that France has
Joined England in protest against Amer
lean participation in the Chinese railroad
loan, but that Germany is holding of,
and should Germany continue to hold
of that would be sufficient to break the
tTiparte agreement.