The Washington herald., 1909-06-29
BIG CORPORATIONS
NOT FIGHTING TAX
Continued from Page One.

insiders" and periodical -melon-cut-
ting" IN which TIE average Fun OF
stockholders seldom share-IransacIion
that became familiar through the
revelations OF the schemes OF high finance
would be things unknown With proper
governmental supervision Of corporate
methods and business. Advocates OF
publicity and supervision in Congress
and most OF them belong 70 the con-
servatlve school OF statesmen-are con
WINGED that the pending legislation, IN
connection with the tariff and the sup
Elemental legislation q f0reshadOWs. VIII
make for complete confidence in American
corporations. and e demand Tor securi-
ties such as was never known before
work Nears End
The consideration OF the regular sched-
ules OF the tarsh BIZ having practically
been completed. The Senate to-day VIII
take up the corporation tax srnendment
submitted by the Committee On Finance.
How long the debate viii last Is problem
aticaI. but most Senators are hopeful that
the discussion viii be completed and a
vote obtained BY the end q the week
The debate viii embrace not only the
consideration OF the corporation tax. but
will Involve argument in regard 10 the
advlsabuity OF enacting an income tax
law al the present session
Senator Cummins, OF Iowa. joint author
with Senator Bailey OF the s0-caLed Bal
ley-Cummins amendment, which provides
for a corporation tax and q tax on indi-
vidual incomes. wiz open the debate with
a set speech. IN which he VIII argue
against the adoption OF the Finance Com
rnittee's corporation tax amendment and
advocate legislation providing FOR the as
sessment OF an individual income tax and
a corporation income tax
Incidental 20 The debate, the Senate viii
give consideration 20 a joint resolution
submitted by the Republican leaders. pro-
vidlng means for having the several States
pass on the question OF amending the
Constitution, so that a tax on individual
incomes nav. be imposed without danger
OF having Il declared nuu and void by the
Supreme Court
The joint resolution was prepared by
Senator Root.
Measure Goes over
When the Joint resolution vas present.
ed. Senator Aldrich smilingly asked that
II be submitted 10 q vote without de-
bate.
he wanted immediate action. but Senator
BoTah, one OF the Republicans who favor
the adoption OF al income tax law with
.out waiting for a constitutional amend
ment made objection. and the measure
went over. The joint resolution was pre-
sented in accordance with plan Of the
Senate leaders 10 attempt 10 sideuack the
Baney-Cummins amendment
The leaders are hopeful that they wiz
succeed in their effort 20 keep TIE Bailey
Cummfns amendment out OF the tariff bin.
and there IS every Indication that they
have behind them a majority OF the Sen
ate ready TO vote for the Finance Commit
tees corporation tax proposal. and a joint
resolution necessary TO constitutional
amendstion.
Some OF the regular Republican Sena-
tors who are pretty certain 10 vote for
the corporation tax Il e gets 10 e direct
vote are talking about ways and means %
obtain 8 pOstponement OF this question
until Congress reassembles for its regular
session n December. Senator William
Alden Smith. Of Michigan. seems to be
the leader OF the movement. but he and
those in sympathy with him apparently
have not made any progress
Senator AIdrich and his lieutenznts who
are following the wishes OF President
don their insistence that the corporation
tax amendment must be passed before
the present extra session is adjourned