The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1909-07-15
House Leader willing to Take
OFT High Stocking Tariff II
He Can Get Reductions He
Wants.
PRESIDENT TAFT IS
SHOWN By BEvERlDGE
indications for Senate Maxi
mum and Minimum, Gus
toms Court, Corporation
Tax, Drawback win Win.


Tax, Drawback win Win.
Chicago. July l5.-John CallaA
O'Laughlin says in the Tribune today
In dispatch hled last night:
1t looks tonight ~ IL the senate Is TO
triumph in securing the adoption OF its
amendments to the administrative
feature of the tariff bill. while the
house is to be the victor In many Of
the schedules. Summarized II II ex-
pected that the house oonferees viii
accept the senate's:
Maximum and minimum provision
Customs court.
Drawback plan.
Corporation tar.
In return for these concessions Il n
demanded by the house conferees or
rather Representative Payne, the lead.
er. that the lower rates In the bin that
bears the name Of the New York mem-
Der. be approved BY Senator Aldrich
and his colleagues. To prove his sin.
cerity In favor Of these reductions Mr..
Payne II understood to be willing TO
80 20 far - to abandon the high du.
ties imposed In the house bill ON gioves
and hosiery and accept those llxed BY
tho senate.
esveetdse Talks Right Out.
Payne has the support OF President
TAN. Tho latter was informed by
Senator Boveridge a& q three hours'
conference this Afternoon that senti.
ment In Indiana was such that II the
senate rates were maintained he would
have to vote against the bill upon its
final passage.
There b NO doubt that the Views of
Senator Beveridge greatly Impressed
the PRESIDENT for he urged It . confer
ence he had tonight with Senator AID
rich. Mr.. Payne. and Attorney General
Wtckefaham that the lower rates In
the two bills should be accepted.
At this conference also the corpor.
alton tax was discussed 1t great
length. Payne and other house confer
ees have shown strenuous opposition
to this tax. They do not believe IL
sound and refuse to have anything to
do with it. They assert there 10 NO
good reason why the inheritancs tax
Incorporated by the house in tn bin
sould not be accepted By the president
In lieu Of the corporation tar. esps-
cially n 1t once had been reoommend-
ed by the executive. While AldricA
and his associates - strongly object
n = -
place the president In an awkward DO
position before the country and have
valiantly defended It
Scope ~ Measure chaneed.
During the conference toniGht, Mr..
Taft spoke Of the corporation tAx q
= party measure" II appears that the
scope of the provisions has besa mat.
erially changed ~ q result Of further
considerations given IL BY the PRECEDENT
and attorney general.
In the new version besides the -.
duction Of the rate of taxation from 2
to per cent and the eliminatioo Of
the Clapp amendment making hold
with other corporations. tho provision
for taxing incomes derived from boAAs
In excees Of the capital sock q the
poration issuing them has been chang
ed materially.
In spite Of these modiflcatiooa.
however. Payne still fails 70 - sny
good in the corporation tax. Il vaD
assumed by the administrator that
Speaker Cannon and Payne had ac-
cepted the amendment when IL vas
originally proposed. but Payns;s
friends claim that while Cannon may
have been . party 70 the agreement.
Payne was not. In spite of this flare
mp. which some persons here TONIGHT
are describing ~ almost . deadlock.
indications are that the Tam prov1s-
lon in the end viii be adopted BY the
conferees.
There II no doubt whatever - to
the acceptance by the house confer.
ees Of tho maximum and minimum
provisions, customs court. and draw.
back plan. al Of which bear the par.
entage of the senate. Payne was Q
nrm believer in the maximum and
minimum and the drawbock provisions
which the house approved. but It has
been shown TO him that the senate
draft II superior In both respects.
Real Fiaist sasrewe 70 Nseoa
The house at f1rst was inclined 10
look With suspicion upon the senate
customs court proposition. but after
Payne had studied Il and learned that
Taft desired fts acceptance, he an
nounced for himself and his col
leagues that they would b Wiling 20
recommend tts adoption
The real fIght therefore. - aat1ee
paAsd ftum the beginn1nG. q Iase has
nsrruued down to IL Questbna a
rateA Repfesentative Payne u a1Do0e
Alooo, % Tar - tho hose - coneos1o1
,(Cuotlnno1 . 1ano 1hDnl