The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-08-05

HON. SERENO e. PAYNE.
ICeived in the senate and referred to
the committee on finance April TO-
Senator Aldrich, of Rhode Island, the
leader Of the senate as chairman of
the finance committee, subsequently
became chairman of the conference
committee, which was appointed to adj
Just the differences arising between
senate and house and between both
houses of congress and the president.
The report of the conference com.
mittee which determined what would
be the provisions of the Payne bill in
it's final form was victory for Pres
iQent Taft. He informed all of the
conferees that hides must be placed on
the free list, together with petroleum,
crude and refined. They thereupon
decided to cut the Dingley tariff on
hides to s per cent. The president
heard the news and sent word that he
he'd meant what he had said about free
hides The figures were then lowered
to z per cent. Now Chairman Serene
III Payne of the ways and means com,
mittee, decided to demonstrate that his
original bill, providing for free hides
should no longer be subjected to the
emasculatory operations of the ma,
that not even 5 per cent duty on
hides would be accepted by either him.
self or the house. without free hides
this tariff bill will not pass the house"
The was quoted was saying.
Ji@ Message to the Conferees.
The tariff came off hides instanter,
and as quickly oil was put on the TIN.
taxed schedule, together with gasoline,
benzine and naptha. The leather,
rough lumber, print paper, coal and
iron and glove schedules ranked next
in Importance during the closing days
of the controversy.
If hides came in free, the important
New England boot and shoe manufac.
turing interests would consent to a re-
duction Of the tariff on their products,
otherwise they would continue to
fight. The solving of the hides prob.
lem left it a simple matter to agree
to lower duties on boots and shoes,
the Dingley rate being Is per cent.
Saddlery and harness were cut to 40
Per cent, as against the Dingley rate
OF As per cent. The president resort
ed to the unusual method of sending a
written message to the conference
committee demanding lower rates on
lumber and gloves than the Payne bill
provided and he secured them.
The president was subjected to Sc
Nerest pressure from both the upward
and downward revisionists throughout.
The upward revisionists told him that
q redu ton of duty on hides and leath-
er manufactures would make the next
congress Democratic, in which event
they argued that Taft would not pos
s1bly be renominated for the presi-
dency. The Downward" told him
that Roosevelt surely would be the
next Republican candidate for presi-
dent If the campaign promises for a
dcunward reession were not fulfilled.
Fight for Corporation Tax.
Inc president had highly difficult
task also in preserving his scheme for
s@corpOratiCn tax intact in the Payne
bill. This feature is clearly the most
unpopular one in the entire measure,
so far as members of the senate and
house were concerned. Many of the
members argued to the president that
the tax as provided for was unconsti-
tutional. Resolutions will be intro
duced in the various state legislatures
condemning the act and recommend
Ing its repeal, according to statements
made by various congressman in
Washington.
The corporation tax Of l per cent on
the entire net income over and above
$4,000 received by corporations from
all sources, exclusive OF certain items
must be paid on or before June 80 each
year; Persons authorized to make re
turns or statements to the govern
ment and who make returns of state
ments Of a fraudulent nature are sub
ject to fine of $1,000 and imprison
ment for one year.
During the closing days Of the taria
controversy, before the bill was voted
on for final passage, over forty Repub
Hcans who had grievances of one so.x
or another against certain Of the pro