Evening star., 1909-07-15
MR.. TAFT EXPECTS
CORPORATION TAX
President Has No Fear That
the Amendment Will
Be Defeated.
DENIAL THAT EXECUTIVE
SENT FOR THE LEADERS
Aldrich and Payne Visit White
House Of Own Volition.
TREASURY BALANCE FALLING
Subject of Panama Canal Bonds
Discussed at Conference To-
day-opposition to Order
Affecting Immigrants.

Affecting Immigrants.
President Taft has absolutely no fea,.
that the corporation tax amendment
will be defeated In conference. He II rs
sanguiue that this will go through as
that there will be n tariff bill.
He has not called republican leaders
into conference to urge them to save
the amendment. He has not sent for a
single man in Senate House to sug-
sest that there fs a possibility that the
corporation tax may not go through.
He did not send for Senator AIdrich
and Representative Payne last night to
urge them to prevent the defeat of the
ame Adnent. They called upon the Pres
idenr of their own volitiOn to discuss
tarin affairs generally.
The President talked tariff with call
ers today. but did not once refer to the
corporation tax prOpOsitiOu. He had
Senator AldrIch, Representative Payne,
Secretary MacVeagb. Assistant Secre-
tary Norton Of the Treasury and Cardi-
ssl Gibbons his guests at luncheon
today. but the fact that the subject of
Panama canal bonds was discussed
White House alarm.
Has Not Sent for Any One.
The foregoing sums up the situation at
the White House today, and it's authority
is high enough to leave nothing in dis
pute. The President, stated, is so little
concerned over the alleged opposition In
Congress to the corporation tax PROPOSE
ton that he has not sent for any one to
urge its retention, and all the advices ne
has received, from the best sources, too.
are that the Senate conferees will remain
loyal to the tax for good many reasons
and that the House conferees will not
make serious opposition. The President
is more concerned in getting general
bill that will meet public approval. Some
of his callers have advised him that II the
bill is unsatisfactory 1t will not settle the
tariff question for years to come. Repre-
sentative Perkins of New York is a sam
pie of this sentiment.
Tariff revision will not end until the
tariff is revised in proper way, de-
clared Mr.. Perkins. so it had better be
done right at this time than to continue
as thorn in the side of political parties.
For instance if free hides are not pro-
vided for in the bill nobody need take it
for granted that the agitation for free
hides will stop. 1t will continue until they
are placed on the free list
Wants Good All-Around Bill.
there is a good deal in this sort of talk
and his energies are being directed to-
ward revision downward. He wants a
good all-around bill, and as the leader OF
his party he feels that it is necessary for
him to take part in the making of the
bill. He is not disappointed so far in the
prospect in that direction. He hopes to
avoid the use of his veto power. veto
of the bill would leave the whole tariff
in 10 atmnSnhprP
source of contant annoyance and trouble
10 the party in power. The next session
of Congress would see the whole ques-
tion to the front again.
Senator McCumber of North Dakota
spent some time with the President talk
ing tariff. He favors decreases III the
schedules wherever possible TO put them
In this respect he agrees with the
President and ne would like to see the
President go pretty far in urging the de-
creases. whether in House or Senate bills.
The North Dakota senator says a great
Teal OF misrepresentation exists through
the country a TO what has been done in
the Senate.
Raising Prices on Shoes.
n had a letter few days ago from a
retail shoe man" he said. telling me
that the wholesale shoe men were raising
the prices on shoes because Of the antici-
patcd increase in duties hides and
Gather products Now. the act is that
Ne senate did not raise the Dingley bill
ON hides at all placing the old duty
there and on the other hand reduced the
duties on leather products - per cent
Tor some reason the country has wrong
idea OF what has been done in the Sen
ate which has lowered the duty on many
schedules far below the Payne bill
Representative Martin of South Dakota
and Representative Hill of Connecticut
other visitors who talked tariff
Sentiment III the House. he said. lis
fpr tie decreases III both bills. The senti-
meut is for the corporation tax. The
House will turn down any bill submitted
70 il that accepts the majority OF the
senate increases in schedules.
Independent tobacco men are protesting
tn the President against the increased
TAX on tobacco. John W. Yerkes. who
represents many of the independent to-
bacco interests here. called on the Presi-
dent today with delegation headed by
Hugh Campbell of Richmond. president
of the Independent Tobacco Manufacture
ers Association. Mr.. Campbell told the
President that the increased tax will hurt
the business OF the Independents.
Conference on Finances.
The Payne bill makes some provisions
for the issue OF bonds and short-term GER
titcates. that were stricken out in the
Senate under the advice of Senator AL.
drich. and this afternoon conference al
the White House was to determine what
should be done Secretary MacVeagi
aud Assistant Secretary Norton of the
Treasury were brought into the confer
ence 10 lay before Messrs. Aldrch and
Payne and President Taft the finaucia
condition OF the government
The working balance of the Treasury is
d~indlng night along. Including $4,000
Hp 10 be Withdrawn this month from ma
tional bank depositaries, the working bal
auce of the Treasury is now about S44
100000 and before July is over will b.
less than St0O0OOO0 A certain da6o;,
each month before Congress assemble,
again will make it necessary for IN,
Treasury TO resort to some method Of ac
ourins furds.
Issue of Canal Bonds.
The Payne bill authorized the Secretar,
of the Treasury 10 reimburse the Treas
LL.s.... -. I....