Evening star., 1909-07-11
Tax on Corporations Likely to
Be Reduced in Conference.
VERBAL CHANGES IN VIEW
Entire Amendment Probably Will Be
Rewritten.
COMPROMISE MAY END A FIGHT
House Concession on Cotton and
Wool and Senate on Hosiery
and Women's Gloves.

The tariff couferees put IN long day
Yesterday and concluded TO take re-
cess until Monday. when. they VIII hoid
three sessions a day. working each nlsht.
Considerable progress was made yester-
day. uncontested amendments III three
schedules chemicals. earthenware and
Part of the metal schedule being agreed
mon. Whenever knotty problem In
these schedules was encountered 1t was
passed over. to be taken up later.
Nav Reduce Corporation Tax.
" was stated upon good authority yes
terday that the conferees would reduce
,he corporation tax TO ! per cent. IN
stead OF per cent, as proposed oS
tho Senate stubborn contest will be
made against the Clapp amendment to
Tho corporation tax, which supJecls
holding corporations 10 taxation. hs
well as their constituent corporallohS'
thus making double taxation Inc Clapp
amendment was accepted by senator Aidr 10
rich. who promised to contend Tor us
rptentio min the bill. but that promise
does not bind the House conferees, VINO
arc besieged with protests against the
plan as being unjust.
1t was limited yesterday that the whole
CORPORATION tax amendment is likely to
he rewritten in conference. The clause
relating to the bonded Indebtedness OIL
corporations is said to be unsatisfactory
IN its present shape although 1t Is not
decided vet what form the change Will
take.
Possible Compromise.
Cheaper cotton and wooden goods and
cheap hosiery and women's gloves-the
former demanded by the House and the
latter by the Senate-promise to be among
the most stubbornly fought questions In
the conference. At least. that is the way
things appeared at the close of the first
days session.
There was a great deal of speculation
Yesterday among leaders in Congress who
are not parties TO the conference as TO
what will be done with those items. Many
members expressed the opinion that the
House would yield on cotton and wool
and the Senate on gloves and hosiery in
compliance with the protectionists' idea
of stand-pattsrn.
If this should be the outcome 1t is pre-
dicted that visoreas protests VIII De
advocates of downward revision. Some
members went so far as to say that an
effort wolfid be made to reject the con-
ference reports in the event OF such
.laring instance of upward revision.
The effect of amendments to the cot
Ton and wooden schedules in the House
was a very material reduction of the eN-
isting duties. The Senate restored these
ny decisive vote on TIE OlIeI udiu
the House advanced the rates on hosiery
and women's gloves far above the duties
liked by the Dingley law and the Senate
declined to accept the increases.
The formidable invasion OF the Capitol
by woman wearerS and woman makers of
hosiery during the consideration of the
glove and hosiery schedule is not for
gotten. The former protested against the
higher duties on the ground that they
would result in increased cost to wearers.
crprtlnvac nf Hncipry- ptpyipS in
Pennsylvania and certain southern states
urged that the manufacturers should be
given additional protection to prevent the
business from being destroyed in this
country. Roth delegations presented ar
CIIments OF a forceful character The
employees were successful in the House
and the wearerS in the Senate.
All OF the conterees We're present yeSter
iii tho city. 1t is expected that his place
The time by Senator Smoot.
The adjuS tment OF the differences be-
twecn the House and Senate will not
prove serious task as is indicated
by the large number of amendments.
Many changes were made necessary by
tLe action OF the Senate in consoidat-
lng the maximum and minimum provision
3n other amendments relate to phrase
oIogy over which there will be no dis
plIte whatever. Eliminating these il is
pointed out that there less than 400
amendments that represent opposing