The Cairo bulletin., 1909-08-03


ceived in the senate and referred to
the committee on finance April To-
Senator Aldrich, of Rhode Island, the
leader of the senate as chairman of
the finance committee, subsequently,
became chairman of the conference
committee, which was appointed TO ad.
just the differences arisinG between
senate and house and between both
houses of congress and the president.
The report Of the conference COM
mttee which determined what would
be the provisions of the Payne bill in
its final form was a victory for Pres
ident Taft. lie informed all of the
conierees that hides must be placed on
the free list, together with petroleum,
crude and refined. They tEerpupOn
decided to cut the Dingley tariff on
hides to 8 per cent. The president
had meant what he had said about free
hides The figures were then lowered
to per cent Now Chairman Serene
e. Payne of the ways and means com.
mittee decided to demonstrate that his
original bill. providing for free hides
should no longer be subjected to the
emasculatory operations Of the ma.
jority Of the conferees. He announced
that not even per cent duty on
hides would be accepted by either him
self or the house, Without free hides
this tariff bin will not pass the house"
bo uo. Dppi Oh yVug cpyfpg
Message 10 the Conferees.
The tariff came off hides instanter.
and as quickly oil was pur on the I'M
taxed schedule. together with gasoline.
benzine and naptha. The leather
rough lumber, print paper coal aud
iron and glove schedules ranked next
in Importance during the closing DAYS
Of the controversy.
If hides came in free. the important
New England boot and shoe manufac-
turin9 interests would consent TO re-
duCtion Of the tariff on their products.
otherwise they would continue 20
fight The solving of the hides prob
lem left it simple matter to agree
to lower duties on boots and shoes
the Iingley rate being 25 per cent.
tSaddlrry and harness were cut to 40
per cent. as against the Dinglev rate
of 45 per cent. The president resort
ed TO The unusual method of sending a
written message to the conference
committee demanding lower rates on
lumber and gloves than the Payne bill
provided. and he secured them.
The president was subjected 10 Sc
verest pressure from both the UPWARD
and downward revisionists throughout
The upward revisionists told him chat
a reduction of duty on hides and lcpth-
er manufactures would make the next
congress Democratic. In which event
they argued that Taft would not pos
sibly be reDominated for the presi-
deHcv The Downward taN him
that Roosevelt surely would be the
next Republican candidate FOR presi-
dent if The campaign promises for a
downward revision were not fulfilled.
Fi-7t for Corporation Tax.
The president had q highly difficult
tass also iu preserving his scheme for
corporation tax intact in The Payne
bill. Tbs Tea IRE is clearly the most
unpopular one in The entire measure.
a. far "a. members Of the senate and
house va-e concerned Many Of the
members argued 10 the president that
the tax as provided for was unconsti-
NATIONAL. Resolutions will be- intro
duced in the various state legislatures
condemninu the act and recommend
ing its repeal according to statements
made by various congressman In
Washington
The corporation tax Of per cent On
the entire net income over and atsve
$4,000 received by corporations frcni