New-York tribune., 1909-07-07
TARIFF BILL REPORTED
crytTE GETS 1T FROM
couuJTTEE OF WHOLE'
Leaders Erpsct Measure u III ''0 -
conference Friday and ""
Reach President by July Il.
iron, The Tribune Bureau
Al

,r,n,ittce of he whole shoru! dl'el
me recess was taken until 80
u,,oou 20 await the arrival of reprint ol 'i'e
.r This reprint was not ready al "'"' " oioNN'
- adjournment until tomorrow Was 'aNe,
1.shl,, sl1 nipe-tenths of the amendments made
a. oornnoittee Of the Nhole will be adopted Ell
tomorrow without rollcall Various
--~a,,bs on which Senators desire separate
- nin be excepted. including the corporation
- the petroleum paragraph. various para
,rbs in the sugar schedule and the internal
-.,,snue tax on tobacco but it is not believed
of these questions viii lead 10 extended de-
hate. -
Several hours or longer may he required TO
s;snosA of the amendment increasing the tax on
,chaoco and an hour or more may be consumed
!. stbating the income tax amendment which
a,r Bailey viii offer a substitute for the cor
,-s,ian tax Mr. Beveridge has served notice
80 he viii offer an amendment excepting tin
f-on the provisions of the drawback section .
The Indiana Senator will make this amendment
chs basis OF q criticism Of the Standard oil
Company He Will maintain that under the
drawback section Of the Dingley law the Stand
ard OH Company has received about S2.o0oo0o
q year in refunds. and that this has seriously
crippled the tin plate industry in the United
States
The leaders are confident that not more than
three dayS VIII ne required TO dispose OF tle hlll
in the senate and predict that it viii be in the
hands Of the conference committee by Friday
night. Representative Dwight the Republican
whip Of the House has sent telegraphic notices
to members Of his party TO be in Washington
moi later than Thursday. Democratic Repre-
sentatives have been requested TO be hand
br Friday 1t is the purpose Of the House lead
ers 10 disagree TO all the Senate amendments
and to send the bill to conference without in
str5ctions This is the usual practice. and
Speaker Cannon is confident there will be
deviation in the present case. Senator Aldrich
believes that not 20 exceed ten days will be re
oured TO adjust differences in the conference
committee. and is quite hopeful that the hill will
be in the hands Of President Taft not later
than July 81
RECORDS OF BILLS COMPARED.
The legislative record Of the Payne-AIdrich
bin is in many respects strikngly similar to
that of the Dingley bill The Dingley tariff Con-
gress met on March II. the same date on which
the present Congress met. The Dingley bill was
Introduced on March IS while the Payne bill
was introduced on March il. The Dingley bill
passed the House on March 81 and the Payne
sIl On April .. Consideration OF the Dingley
81 in committee OF tie whole was finished by
ts Senate on July = while the Payne bill was
reported from the committee Of the whole on
July s. Seventeen days after the Senate passed
he Dingley bin It approved by the Presi-
cent The conference committee had the bill
eisren days. If Mr.. Aldrich's expectations are
rsahzed, the length OF this tariff Congress viii
hardly vary forty-eight hours from the length
o. the D:ngley Congress.
Only FIVE men who served on the conference
smniftee on the Dingley bin are now members
sf Congress and all Of them viii he conferrees
the Paine bill. They are Senators Aldrich.
Burrows ana Bailey and Representatives Payne
md Dalzell Eleven years ago Mr.. Bailey, then
member CT the House. was the ranking Demo-
ust on the Ways and Means Committee Now
BE- ranks third on the minority side of the
Finance Committee The meeting Of the con-
ference committee will be held in the rooms of
the Finance Committee in the Senate Office
building
Senator Flint, who had charge Of the corpora
ton tax amendment. now estimates that this
tax al = per cent viii yield at least S3oooo,GOo.
This estimate Is based the best figures OBJ
iainahle from the Treasury Department. the
Interstate Commerce Commission. the census
bureau and other divisions Of the Department
Of Commerce and Labor.
The experts who made this unofficial compila-
ton submitted the following details: From ma
nonsl banks. s.. .G16. 1a1 savings banks. S-i29,-
'1a; other banks and trust companies, $I62,-
yb: railroads. SS9S9, ,222::i: other corporations,
sS6.2s9.pea total. SO lUs go Mr.. Flint be
heFes with the experts that = per cent tax
would yield amounts largely in excess Of those
named. possibly SGo.OU0.oU or ore. In his
Special message advocating the corporation tax
PRESIDENT Taft suggested that = per cent tax
would yield S25.00OOD0
NAY REDUCE CORPORATION TAX
the figures OF the experts are supported by
1Aihsr Investigations being made. there is
li1s doubt that the conference committee viii
'ta9ee the rate from = TO per cent THIS VIII
ael be dispieasing 10 President Taft who is not
y tenacious about the rate of the tax as he is
ABOUT the general principle involved in the
measure which Attorney General \ 'ickersfla m
ofzfted under his direction. He agrees with the
senate and House leaders that / is not de-
s1aole 10 raise more revenue tEan is needed TO
Aieet The requirements Of the government. and
NAi approve modification Of the rate if it can
x demonstrated that the = FER cent rate is
UNNECESSARILY high
4 tae senate agrees 10 the Finance Commit
sees substitute Tor the Beveridge amendment
A'ireasing the tax on tobacco, cigarettes and
shuH, The revenue producing power Of the SEN
~le biil viii be increased sy,:SS, 900 When the
'0o@aso amendments were reported to-day SEN
sot bsniei objected 10 Mr. Smoot's statement
la they bad The approval of the Finance Com
a-'iee- The Virginia Senator who is the rank
-e democrat the committee. has been dis
s-1a1lsd Because tire minority members Of the
.a11-1tee Reie excluded from the deliberations
!. u'e Republicans. who framed the bill and all
4snsldnaents a sa5-committee lie offered a
se.u1on asserting the right of every member
NHs committee TO be informed of rneefn %
ane To have an opportunity TO vote on every
YPos.lon before it, He said this resolution
s.eselttsd the views Of all Democratic Sen
SIR AldIich was anxious TO finish con-
~ siion II the bin in committee Of the whole.
d hls suggestion the tobacco amendments