The Washington herald., 1909-07-07

clared that its profits had been grossly
exaggerated by the magazine writers.
How much are the prohts?'' inquired
Senator Hale.
They do not exceed a million" replied
Mr.. Kean.
do you mean that they may amount
to a million year?' inquired Mr. Hale.
Il mean the profits are IN the hundreds
OF thousands. and I do not believe they
amount TO a million" replied Mr.. Kean-
Il did not suppose they were so large,
unused Mr.. Hale.
Senator Depew declared that Trinity
Corporation was not organized for profit.
II received a grant of land IN colonial
days that is now yielding great profits,
but the money does not 90 TO any indi-
viduaL"
Mr.. Depew explained that the revenues
and profits we're devoted exclusively to
charitable. educational, and religious
work
Senator Root explained that as soon as
the money came into the Golfers Of Trim
/ lty II was Immediately relnvested for
church work.
Mr. Clark said that ne had merely In
qulred because he had understood that
/ Trinity Corporation was the greatest
landlord in New York City and that its
tenement houses yielded vast revenues.
Senators Flint, Bacon. and other law
yers expressed the opinion that Trinity
Corporation would be exempted. because
il was a religious corporation not organ
lied for profit.
During the discussion OF the amendment
] proposed by Senator Lodge with regard tc
shipping. Senator Elkins, Of West Vir-
ginia, recalled his amendment 10 the
tarin bill introduced some time ago, which
provided as follows:
'On all goods. wares, and merchandise
and articles OF every kind imported In
I ships or vessels Of the United States
( there shall be allowed a reduction OF
per cent in the duties prescribed by law
10 be levied, collected, and paid on such
l goods. wares. and merchandise.
/ Nj Elkins said that he had no ;dea
/ that ne would be successful in having
/ the amendment adopted, but that Il va
the safest, surest. and best way to builc
| up American shipping without expense,
! In the form Of a subsidy.
! In the amendments to the internal reve-
nue. features OF the tariff bin by Senator
! Smoot rates were generally increased
The rate OF 50 a thousand on cigars
weighing more than three pounds q thou
sand was retained, and a proviso addeC
which increases the tax on cigars OF
which the wholesale price IS between s.;
and $40 TO IS a thousand. on cigars the
price OF which is more than $40 the tar
/ IS increased to 50 a thousand On cigar:
the weight OF which IS three pounds Of
/ less g thousand the rate is fixed at y
/ cents a thousand. which is an increas'
OF q cents over the raJe IN the present
! law.
/ The House rate on cigarettes weighing
more than three pounds a thousand Is re
tained at $780, but on cigarettes weigh
Ing three pounds and less. the rate Is re-
duced from the House rate Of $50 q
rs. which Is. however. still an increas'
over existing law.
The House provision distinguishing be
tween cigars and cigarettes, which classi
hes those with tobacco wrappers as cigar
and those wrapped in paper or substanc'
other than tobacco as cigarettes, was re
tained. The tax on snuff. chewing anS
smoking tobacco, including me cut Cav
endish, plug OF twist. and cutter granu
lated tobacco Of every description, Is in
creased from S cents 10 cents. Thi
rate also applies 70 hand twist or an,
other form OF manufactured or prepares
tobacco.