The Montgomery advertiser., 1909-07-13
TAFT BEARS
OLIVE BRANCH
Viii ConciGate Tariff
Differences.
PRESIDENT IN CONFERENCE
Corporation Tar Rate WIN Be
Reduced.
Coaferees Make satisfactsry PregrsGA
--senate Expeetsa To Ce.csss
To Demand Of House Fer
Lower Duty o. Iren Ore.

Washington. July 1e--At conference
at the White House today It wxe
definitely decided that the rate to b
levied under the new corporation tar
shall be reduced from two per cant e
one per cent and that In redraftfng the
measure now In conference along with
the tariff bill. lue consideration will
be given to the demands Of the mutual
life insurance companies whose incomes
would have been seriously affected by
the bill as II was passed by the Senate.
President Taft was the central figure
In number OF conferences today ap4
10 living up to the prediction mfd&
many weeks ago that In the conferences
consideration of the tariff bill he would
actively lend his influence TO conciliate
all differences.
The conference report should 81
available. according to the Presidents
best information. by the end Of the
next week.
As to the mutual Insurance. com<
paniss. It Is said. the redrafted bill VIII
be so arranged that the tax shall fnH
upon stockhoiders' profits ana aIicwr
ances will be made for annuities ana
outstanding contracts.
Conferees Make Progress.
The tariff conferees made satisfacr
tory progress today In spite OF the fac<
that the House members were cofnpell-
ed 20 Dc absent fuuc0 OF kH8 Tins 0M
account OF the session Of the House.
Thus far, however. the amendments
agreed upon In the chemical. earthen<
ware. metal and wood schedules. have
been Of minor Importance.
Determined opposition was shown BY
the house conferees to the increase OF
one and one-half cents to two and one~
eighth cents Q pound, which the Senats
made on lead bullion. AS result this
schedule was held up. Boracic, saylfcy&
lie and oxalic acids. quebracho. licoric6
and numerous other articles. over
which there was q contest In the
Senate, are among the subjects that
must be taken up later.
The paragraph relating 70 electric
light CARTONS. which threatened 70 give
trouble. was prepared. The Senate
specific and the house confereea con-
tend that the rates were thereby In
cerAhed The same 10 true ~ Window
glass on which the Senate fixed q
graduated tar according to sizes
The more important subjects passed
over in the metal schedule are iron ore
lead. bullion and zinc ore. and bullion
There are a large number Of amends
ments relative to finished products Of
these ores that cannot be disposed Of
until the main subjects are settled.
Lower IRON Ore Getty.
Iron ore was placed on the free Hiss
by the House and made dutiable at
twenty-five cents a ton by the Senate.
The Dingley rate was forty cents tom
The general Impression IL that the
Senate will make a concession 70 the
House and that as q Compromise the
rate may be fixed at ten or fifteen
cents a ton.
The House provisions for free hides,
which was struck out by the Senate
ami the existing rate of Is per cent ed
valorem substituted and for 81 lumber
which rate was materially increased in
the Senate will be the subjects of COM
test. It is not likely. however. they
will be reached before next week
The amendment adopted by tina
Senate providing for the establishment
of q customs court Is likely to be Ac-
cepted by the Eeuse, eonferees. II was
said today that the more the House
conferees study the plan the more they
favor II.
Another prediction made with re4
gard TO action OF the conferees IL thas
the duty on CO.. which 10 90 cents
in the Senate bill. az compared with
81 cents In the existing law. will be
finally agreed upon at 40 cents In cons
ference.