Daily press. [volume] (Newport News, Va.) 1896-current, 1909-04-27
TEXAN SCORES EloRB|TAMT RATES
Believes Duties Carried In Aldrieh Bill
Could Be Reduced 331-3 Per Cent
Without Detrlment to Honest indus
{ tries-stronsIy Advocates income
Tax Amendment.
(By Associated Press.1

10Y fAoo1iutCu 4iSocl
WASHINGTON, ID. c.. April 26.-
Senator Bailey of Texas today spoke
on the tariff bill with especial refer
ence to the des!rabilty Of an amend
mcnt providing for an income tax.
Mr.. Bailey first took up the propo-
sition TO turn ever To a tariff COM
mission the consideration Of the
schedules Of the tariff bill. comment
ing Oh which. he declared that he did
not believe in turning over to political
''Canuchs" the consideration Of such
u great question even though they
were 10 impartial as to entertain no
aversion for what is bad or preference
for what IL good"
The question Of taxatbcn, he said.
had always engaged the attention OF
statesmen. and he did not believe In
withdrawing It from the people TO
rlace It In the haa,kis OF . commission.
He Mmld not. he raid, at this time
discuss free trade. which, he daciar.
ed, was impossible In this country,
To Elevate pfteeA, -. :
The whole purpose Of the protec-
tive tariff, he said. fs to enable the
American manufacturer to set q high
er price for his products than he could
o-..erwise get. So
Your purpose" he said addressing
the Republican side Of the chamber.
rs to give the American manufacturer
an advantage over the foreign manu-
facturer. but the effect Of that policy
is to put the American consumer q
the mercy Of the American m9nu-
facturer.'
The practical effect wus to give Q
bounty to the favored manufacturer.
Robs One, Gives to Another.
THE only difference Is In the direct
and tho indirect way of taking money
from che man and giving It to anOth-
err who has no honest claim upon II"
he sMd. H
Mr.. Bailey insisted that he had no
prejudice against any man because he
was rich. but he had Q strong preju-
dice against spme men on account Ct
the way in which they had become
rich.
Il do not hesitate to say" he said.
that taking ether mems money
through favcrtism OF a law Is but lit
tie less dishonest than to take II by
fraud and force. It Is because Of the
belief that Is 50 widespread among the
American people today that these
great fcrtunes were croated by others
that there is so much prejudice
against men Of large means
colIoquy With AIdrich.
Engaging in a cclloquy with Senator
Aldrich. Mr.. Bailey repeated his state.
men. that the rates Of the pending
bill could be reduced 80 1-3 per cent
without greatly increasing the bulk Oe
i'm ogtatiCrs. although In his opinion
the decrease would diminish to the
,cStcnt Of he reduction In the price u
manufactured articles to the American
consumer.
"D5es the senator think tina. the
American manufacturer makes a pro.
fit Of 1913 per cent? inquired Mr..
Aldricb.
Mr.. Bailey suggested that the Unit
I'd States Steel Corporation With .
capiai Of $3.50. 600. o0o had increased
its CAPITAL TO one billion and makes
about per cent On the larger sum.
Obviously said Mr. Bailey. the
steel corporation could reduce lis pro-
ut - 10 per cent and sin make more
than a legitimate profit upcu o fair
valuation Of its pryperty."
Mr. AIdrich suggested thai the
United Sites Steel Corporsatnn pro
duccs only from - TO 50 per cent of
the s,crI output, and asked whetser
the senator from Texas believed The
ohrr corporations cculd make . pro-
nc u she prices wcrc rcduccd 70 i-3
J,c- cent.
~ ! an permitted TO judge by the
sire and equipment AZ their suto1o-
biles and the size an. equtpmeut a
their yachts and by other exsrsvs-
sanccs thcy rannt in nc face q NE
American consumers, ! say yrs.' re-
piled Mr.. Bailey. They MIGHT soe
be able 70 % 10 Europe every xv1-