The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1909-07-13
MADE ONE PER CENT INSTEAD
OF TWO-CONFER AT
WHITE HOUSE.
TAFT USING INFLUENCE
Central Figure at Several Confer
ences Yesterday---Voices Views
Cn Tariff Bil--Talks With
conferees Daily.

Washington, July I2.--At a confer.
ence at the white house today it was
definitely decided that the rate to be
levied under the new corporation tax
shall be reduced from . per cent TO |
Der cent and in redrafting the meas
are, now in conference along with The
tariff bill to meet various objection,
that have been raised, due consider
alton shall be given the demands OF
the Mutual Life Company whose H.
comes would be seriously affected by
he tax in its original form.
The president was the central fig
IRE in n number cf conferences today
md is living up to his prediction madl
many weeks ago that in conferenc.
consideration OF the tariff he woul,
lctlvely lend his Influence to brina
ibout conciliation of the difference.
between the two houses.
The president is in daily con3ulta
don with the tariff conferees. III
told several callers .oday that he Is
iopefu that a satisfactory measure
will be presented to him for his sig
nature. The conference report should
ha available. according Ia the pres
lent's information by the end of next
wce..
AS to theMutual insurance company
I is stated that the rcdrafled bill va
provide what portion OF the incom
nay be deducted before the tax OF
moneys available for dividends is a.
,cssed 1t will be SO arranged that ta'
ax shall fail upon the st0ckholdet,
Profits, and allowances will be mad
'or annuities and long term contract
which the companies have outstand
in
Attorney General Wickersham, Sen
ltors Aldrich, Burrows and Smoo'
md Representative Fordney an
speaker Cannon we've among thos
who discussed the tariff and corpora
| ion tax with the president today. A
ornoy General Wickersham has bee
airly overwhelmed with callers an
etters asking about various feature
pi the measure.
The president made plain to his az
| isors his position on a number O
features of the tariff legislation.
| Proceeding along the lines Of leas
| resistance, the tariff conferees MAJ!
satisfactory progress today in spit
If the fact that the house member
we're compelled to be absent much q
| The time on account of the session &
| nents agreed upon in the chemica
| ,arthenware, metal and wood sche'
Hes have been of minor importanc,
Determined opposition was show
by the house conferees to the increas
| rom lh to 2ls cents a pound whic
| the senate made on lead bullion. a
| a result this schedule was held II
and consequently there has been n
settlement of the amendments to tn
| items in the chemical schedule, sue
as paints, the basis Of which is lead
| This furnishes a good example q
| he manner In which the confere1
| have proceeded. Consideration q
window glass, on which the senat
fixed graduated tax according E
,izcs. was postponed.
The more important subjects pas,
I'd over in the metal schedule are lro
ore. bullion and zinc ore and bullioi
Iron ore was placed on the free Ii
by the house and made dutiable q
% cents a ton by the senate. Th
| Dingley rate is 40 cents ton. Th
general impression is that the senat
will make concessions 10 the hous
and a compromise rate may be fixe
at 10 or Il cents ton.