The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-04-01
Member of Ways and Means Commit.
tee Declares Payne Bill Repre-.
sents Complete Adjustment
to Meet Conditions.
HE DISCUSSES DEFICIT
Instead of Deficit, Treasury Will Show
a Surplus July First-What
Caused the Panic
of 1907.

WASHINGTON, April 1.--Cantrill.
democrat, OF Kentucky, in his maiden
speech made plea for protection for
tobacco growers in the black patch
district of Kentucky. He took oc-
casion TO compliment Speaker Can
non as the Tenbroock of America
politics." It was the first time anyone
on the floor had heard Cannon refer
red to as q racehorse. Cantrill was
followed by Gaines Of West Virginia,
member of the ways and means COM
mittee, who made strong defense of
/ the BILL as representing complete
adjustment OF the tariff to meet mod
/ ern conditions.
Gaines sought to prove that the
treasury was far from facing the de-
ficit from the alarming shortage pop
ularity supposed. Reducing $72,965,-
49, Panama expenses which are not
being properly charged against ordi-
nary expenses of the government,
Gaines maintained instead OF facing
deficit July /, the treasury would
have a surplus. He said the Payne
bill would bring about a wonderful
prosperity. AS to reference by Jones
that revision be taken on the bill
!
surprise.
A democrat suggested that Bryan
cost the 'epublican party good deal.
YES shouted Gaines, "and he cost
the democratic party something too.
Gaines maintained that the world
conditions caused the panic OF 1907
S He declared foreign manufacturer!
:. felt depression and sought to evade
4, II, ,r{n to1 IN, 1,<
: United States. which resulted In
flooding the market, and reducing
prices.
Modify Lumber Provisions.
It became known today that the
ways and means committee OF the
house had decided to modify the lum
Der provision in the Payne bill. AS
framed the present bill provides max
imum rates of all forest products
f. ON any country or province that puts
tax or restriction on the expectation
of any lumber product. AS modified
the maximum rates will apply only tc
such particular lumber products as are
taxed for export by foreign country
or province, Gaines, of West Virginia
a member of the committee, during the
course of his talk today intimateC
that the majority committee had also
q decided to revoke the proposed un
popular tax on tea.
Not Open to Minority.
An interesting debate developed
when the senate today took up thu
o resolution offered by Bacon of Geor
gia proposing that the sessions of thu
-ance committee during the prepara
ton of the tariff bill should be oper
to minority members as well as ma
jority. Aldrich. chairman of the com
mittee, in opposition said that the re
publican majority in congress woult
properly be held responsible for thu
,e character of the tar bill. Business
Of of this country. he declared was ever
g in no wise suffering from the delays
r in setting the matter. For fifty years
1t he said preparation of tariff bills hat
" always been left to the party in pow
Iv er. In this time there has been fou
N republican and five democratic tarif
u. measures introduced
ID He told how the Wilson bill wa
framed. Republicans were not pei
mitted to be present and We're no
.. consulted on that occasion.
IL Senator Daniel, republican, of Vel
70 mont, asked whether the committe
"a was not asking for testimony, or wa
II II merely deliberating. To this AldricI
- rcolied that the committee was no
- taking testimony, but simply obtain
= inc information.