Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-15
PREDICTED TAT TARIFF BILL
WON'T COME OUT OF CON-
FERENCE IN FORTNIGHT.
PROPOSED CORPORATION TAX
LIKELY TO BE GUT
IN MIDDLE.
POSSi BlLITY THAT INHERITANCE
TAX MAY DiSPLACE THE
TAFT IDEA.

Washington, July 1I.-Cheaper cot
ton and WOODEN goods, and cheap hos
lery and wOmen's gloves-.he former
demanded by the house and the latte.
by the senate-promise to be among
the most stubbornly fought questions
III the conference on the tariff bill. AT
least hat is the way il appeared at
the close of the first days session
There was g great deal of specula-
| ton yesterday morning among the
LEADERS in congress who are not parties
to the conference, as to what will be
done with these items. Many members
expressed the opinion that the house
would yield on the cotton and wool and
the senate on gloves and hosiery in
compliance with the protectiOnists
idea of stand-patism
If this should be the outcome it is
predicted that vigorous protests will
BE- heard in both the senate and the
hCu, from the advocates of down
ward revision. Some members went
IS far as to say that an effort be made
10 reject the contei ence reports in
he event of such a glazing instance
of upward revision"
The effect of the amendments to the
cotton and wooden schedules in the
house was n material reduction on
existing duties. The senate restored
these by a decisive vote. On the
other hand the house advanced the
ra es on hosiery and women's gloves
far above lie duties fixed by the Ding
ley law, and the setnate declined toI
accept he increases.
Two sessions of the conferees were
he'd sterday. All the cOnferees were
present except Senator CulIOm, who
IS not III the city. Amendments were
CONSIDERED today in their numerical or
de. When the session closed for
the day the conferees had passed |
t h ough THE chemical and earthen-
ware schedules and more than half
way through the metal schedule. All |
the Amendments IN these schedules, |
however, were not settlde Neverthe-
less the conferees expressed satisfac- |
ton with the progress made.
Adjustment of the differences be-
tween he house and senate does not
prove so serious task as is indicat- |
ed by the large number of amend
ments. About 500 amendments consist
of changing certain phrases. Eliminat- |
ing these, It is pointed out that there
are less than 400 amendments that
rec resen- opposing views.
Few members of the conference |
COMMITTEES are willing to- place the |
tire necessary for the completion Of
rhe bill in conference at less than ten
d2y2y Notwithstanding the large num-
Der of purely verbal amendments |
Some Of the cOnferees place the |
probable length of the conference at
a fortnight or more. In support Of |
heir view they point to the fact that /
he senate put in the bill an entirely /
new maximum ana minimum prOvis- /
ion. the corporation tax amendent, a |
provision for the establishment of a .
Gus 0ms court, and a new admins
erGrive act covering a multitude of |
questions not raised in the house. In /
ADDITION to alt these new features, the /
senate struck out the house amend
inert for the imposition of Il federal /
tax, and it's new drawback /
feature.
Questions of SO much Importance
cannot be disposed Of i'm a day or a |
week" said on of the comferees last
night "TTFen there are d host of /
{ Tanges in import taxes that viii /
axe time. guess we will be locked
p N this building for two weeks at
least"
The, corporation tax amendment, has |
not been considered by the conferees
I any way. Nevertheless it was pre-
4 cted in congressional circles last |
n ght THAT the proposed tax ON the
ct earnings of corporations be re-
ducedi in conference from two per
cont to- one per cent
THAT has been suggested" said Mr.. |
A'Cricfn. when asked concerning the |
report that i reduction is to be made |
\ the tax. He said he col1d not say |
What would be done It was report !
Il also that the corporation tax pro- |
SION may be eliminated and the
house inheritance tax provision re-
stored % the bill. but no conffrma-
~ of this story could be had, nor
.~o,rFd it's origin be raced