Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-07-16
CORPORATION TAX
DEMANDED BY TAFT
President Tells Conferees That He
Will Insist Upon the Adoption
of the Amendment of Tariff
Bill. .,.

wAsHINGToN,> July 15.-That Presi-
Diet Taft stands right where he stood all
along and will insist upon the adoption
Of the corporation tax amendment, is the
substance of a report made to the tariff
conference today by Senator Aldrich and
Representative Payne. The leaders of the
senate and the house were at the white
house late last night, having been sum-
moned by the president TO explain a per-
sistent rumor that the corporation tax
proposition was in danger of being drop
ped in the conference.
1t had been reported and not denied
that majority Of the conferees were
opposed TO the adoption of the measure
providing for a two-cent tax upon the net
earnings of corporations organized for
profit.
ONE CENT COMPROMISE.
The announcement that the administra-
ton would be satisfied with tax of one
per cent and that the re-draft of the
amendment made by Attorney General
Wickersham wiuld contain this change,
did not remove the. objections entertained
by the conference. The representatives
OF the house protested against the fed
eral governments entering upon such
new and radical method of raising reve-
nues."
Discouraging reports about the recep-
ton planned for the proposition when it
should be returned to the conferees de-
termined the president to get at the bot
tom Of the situation and 10 learn, IL he
could, whether the sentiment against the
amendment was strong enough to encon-
pass its defeat.
In seeking explanations from Senator
Aldrich and Representative Payne the
president went to the very fountain-nead
OF information concerning matters hap
pening or likely to happen behind the
closed doors relating to the conference
chamber. 1t is known that, neither Mr..
AldGich nor Mr.. Payne wants the corpo-
ration tax amendments, although both Of
them are pledged TO the president to sup
port 1t.
q. CHARGES ARE MADE.
1t developed during the discussion OF
the proposition on the floor Of the senate
that some members Of the finance COM
mittee, including Mr.. Aldrich, had been
charged with taking up the corporation
tax as a weapon to be used in fighting the
income tax amendment. The weapon, II
such II was. was effective, but ii now
appears that the supporters of the presi-
dents plan committed themselves so
that they cannot now fr$, a
way to withdraw their support OF the
amendment.
ing TO information believed TO be anthem
tic, told their conferees today that the
tax amendment must be in
corporated IN the tariff bill.
IL was minated that II the proposition
is abandoned now by the-conferees, a |
breach in the relations between the white
house and capitol hill might be the re-
suit
MEMBERS IGNORE HEAT.
The sweltering heat today had no ter
rors for the members Of the house. When
that body met there were few absentees.
the occasion for so large an attendance
being prospect for the presentation by
Chairman Tawney, of the appropriations,
OF an urgent deficiency, but carrying an
appropriation OF s434, 401, including an item
Of $4,000 for travelling expenses of the,
president.
No sooner had Mr.. Tawney obtained the
floor for the presentation Of the measure.
Messrs. Macon. Arkansas Fitzgerald, New
York. and Mann, Illinois. offered various
objections, the most serious of which,
came from the latter two, who argued
that the bill should have been intro
duced in the regular way, as they conf
tended it had not been.
BY the time the reading of the bill had
been concluded, the opposition to the
method of bringing II in had been swept
away and it's consideration was begun with
the understanding that two hours and a
half should be devoted to general debate
upon it.
DISCUSS COTTON GOODS.
Two questions which II was known
would be as stubbornly fought as any in
the tarlrf bill, namely cotton goods and
lead products, were taken up by the con-
ferees today. An early adjournment so that
the house members could attend the ses-
sion of that body and to allow Senator
Aldrich and representative Payne to goi
10 the white house as the presidents
guest at luncheon followed,
Members of the house committee del
clined to accept the senate amendments
70 the cotton schedule. These amend
ments consist chiefly OF changes from an
ad valore TO specific duties for the pur-l
pose mfetacmfetacmfetacmf
Of the Dingley rates which senate CONF
ferees assert have been pulled down byi
misinterpretation OF the Dingley law.
Soon after the chemical schedule was
taken up It was developed that IL will
be extremely difficult to reach an agree