New-York tribune., 1909-07-03

ments 10 Il would be made Certainly no
amendments would should be made in the,
hurly-burly of debate on the floor. They ought
TO be carefully considered by the committee
This angered Mr.. Bacon. and he replied with
heat that there had been too much legislation
by the Finance Committee. He said Mr. Aid
rich not fair in making explanation or
what the committee intended to do and then
shutting off "A reply by moving 10 lay his amend
ment on the table
TN allow you TO make statement if you
think I've not treated you fairly" said Mr..
Aldrich
BACON AMENDMENT TABLED.
I'm not here to be allowed anything I'm
here in my own right" shouted Mr.. Bacon, who
was proceeding to argue his right TO speak. when
Mr.. Lodge called attention to the fact that a
motion TO lay on the table not debatable.
The Vice President sustained Mr.. Lodges point
of order and the Georgia Senator. apparently
greatly offended. took his seat. His amendment
laid the table. 40 to 80. the following
Republicans voting in the negative: Senators
Borah. Brandegee. Bristow, Bulkeley, Clapp,
Cummins. DolIiver and La Toilette.
Mr.. Bacon then offered amendment provid-
ing for the taxation at the rate Of per cent Of
the interest on bonds. The Georgia Senator was
permitted to make short statement in sup
Poit oI tlllS dHlciiGintIl pesciS MI SNiNiiN'i
moved that it be laid on the table. The Aldrich
motion prevailed fl to "a. The following Re
publicans voted in the negative: Senators
Borah. Bristow. Clapp. Crawford. CumTnins,
Dofliver. Gamble, Jones and La Toilette.
Before the vote the adoption of the cor
poration tax taken Mr. Burkett submitted
for reference to the Finance Committee his
amendment exempting fraternaI and beneficial
associations. For the same reference Mr.. Dick
submitted amendment eXempting building
and loan associations. Mr.. Bulkeley gave no.
tice that when the amendment reached the Sen
ate he would offer an amendment exempting
all mutual insurance corporations from the tax.
Mr. Hepburn explained that while he had
voted with the Finance Committee all pre-
ceding motions. he had done so because he de-
sired to assist the leaders in bringing about q
desirable parliamentary situation. He would
vote against the corporation tax because he be-
lieved that the new tariff schedules would yield
sufficient revenue TO meet the needs OF the gov
ernment
REVENUE PROBLEM DISCUSSED.
Earlier in the day Mr. Elkins asked Mr.. Al
drich if he did not think tax Of 1 per cent on
the net earnings of corporations would yield all
necessary revenue. The Rhode Island Senator
replied that it was difficult to make an estimate
of what the tax would yield. He of the
opinion, he said that the Presidents estimate Of
$4,000. 600 was too low. He believed the tax
would yield at least s5O00O.000. and he was in
cined to think even more. Mr.. Aldrich said
there would be a deficit OF s40O0O.O00 in the next
fiscal year After that the tariff bill would take
care Of the expenditures.
If we are to enter era of enlarged ex-
travagance no revenue now in sight Will be suf-
hcient" Mr. Aldrich continued But if we are
to enter upon an era of intelligent economy, as
hope and believe, we will not need additional
revenue"