Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-03

useless as the measure is drawn. He
warned the senate that the sharehold-
ers of the country in small corpora
tons would not inquire into the ques-
ton whether this were an excise tax
or not. They would perceive that they
on a small investment in corporations
mad to pay tax. while their rich
ne1ghbors. not in the corporation, es-
capped. Another objection he made was
that this legislation would encourage
holding companies and trusts
Will Become a Law.
The action of the senate means un-
doubtedly that the corporation tax
measure will pass both houses and
will become a law 1t removes all ques-
ton as to whether the tariff bill will
be vetoed. 1t is now accepted every
where that Mr.. Taft will accept the
tariff bill.
According to the published report
the senate finance committee leaders
may offer Senator Cummins a place on
the finance committee as soon as a
vacancy occurs in that body. 1t is said
Senators Aldrich, Hale and Lodge may
do this as a means of Furnishing Dolli-
yer, not from any affection for Senator
Cummfns, but because they are bitter
over the sharp attack made by Dolliver
on the leaders in his wool schedule
speech. Not much seriousness is at
tached to the report, but it is an in
teresting bit of gossip which is going
ths rounds. Senator Dolliver has re-
ceived letter from the Iowa State
Manufacturers Association thru G. A.
Wrightman of Des Moines, secretary,
enclosing resolutions adopted by that
association, favoring revision down.
ward and expressing the view that
President Taft should veto the bill ff
there is not a substantial revision
downward.
Sole Suggestion Of Taft.
Those who have been following ne
gotiations closely between the presi-
dent and senate leaders were not sur
prised at the result of the vote. The
corporation tax amendment is the sole
suggestion the president has advanced
UP to date. He has had nothing what.
ever to say about schedules, but has
contented himself with an unofficial
intimation that when the two houses
had begun to discuss the bill in con-
ference he would exercise pressure to
secure revision in accordance with the
pledges he made in his speeches dur
ing the campaigns
The senate has been allowed to run
along without curb and has taken ad-
vantage of the unusual liberty which
1t has enjoyed after seven long years
OF executive Intervention. Aldrich and
the other leaders realize that during
this administration other important
measures as well as the tariff will have
to be disposed of, and they feel that
IN order to get results they consider
desirable 1t is imperative to maintain
good relations with the president
Therefore, when Mr. Taft rescued them
from the serious situation into which
they had been plunged by the income
tax alliance between nineteen republic
cans and the thirty two democrats,
they naturally concluded it was advis-
able. whatever their private opinions
with respect to the corporation tax, to
accept his suggestion and adopt it.
Warning Given in Speech.
The warning Mr.. Taft gave in his
speech at Yale and which he repeated
in conversation with callers at the
W. AAoA,C -yCsteIQdy HdS CONVINCED
the senate that it would be unwise To
attempt any trickery and accept the
house inheritance tax in lieu of the
tax.
The vote follows:
Yeas-Republicans- Bradley.
Brandegee, Briggs, Brown. Burke.t,
Burnham, Burrows. Burton, Carter,
Clark, Wyo., Crawford, Cullom, Curtis,
Depew, Dick, Dillingham;, Dixon, Du
Pont. Elkins, Flint. Frye. Gallinger,
Guggenheim, johnson, Jones,
Kean, Lodge. Lorimer. McCumber, Nell
son, Page. Penrose. Perkins, Piles.
Root. Scott Smoot, Sutherland, Warn
er, Warren, Wetmore
Yeas-Democrats-Bailey, Bankhead,
Culberson, Daniel, Davis. Fletcher
Foster, Gore, Johnston. McEnery, Nc
Laurin, Martin, Money, Newlands,
Rayner Taliaferro, Taylor.
neutrality-suspicious. Bristow.
Bulkeley. clapp. .cummins, Dolliver,
Hepburn La Toilette.
Nays Democrats - Chamberlain.
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