The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1909-07-15

inps of corporations. This was decided
today at an informal conference at the
White house. Attorney General WICK
ersham will prepare the amendment ac-
cordingly.
WASHINGTON, u. G., July r.
President Taft and the lawyers of his
cabinet lave undertaken to say" the
tariff coufcrces from haggIns over the
corporation tax amendment.
1t is conceded that the measure as
passed by the Senate must be rcdraftcd
in order to remove constitutional obJec-
tious and TO meet the views of the adj
|miuistratlun. The President has told the
leaders Of the Senate and House that
as tine administration would be charged
with the responsibility Of collecting the
tax and defending the act if asSai!ed IN
the courts, the administration should be
permitted to perfect the measure.
Senator Aldrich and Representative
Payne have made no objection to the
suggestion made 10y the President and as
"A result Attorney General Wickersham
is working out the legal problems IN
VOWED. In FREQUENT consultation Win
the attorney general are Secretary OF
State Knox, Senator Root aud the Tres
ident himself When they have perfect
ed the amendment, it will be sent to the
cunfrrees who will incorporate It III the
bin as agreed to in conference.
May Reduce Tax Rate
If the corporation tax feature IS
changed at all after being rcdraltcd, the
alterations will probably he confined t.
L rot TIa
lug~. There is a strong sentiment ~
Congress that the tax should be MOI
more than ! per cent. and 1t may b"
cut in half accordinglyi but the rate
has not come up for discussion among
the conlcrres.
Some reluctance is being exhibited by
members Of the House regarding sug-
gcstiuus that the Inheritance tax tca-
turc adopted by that body be left ont OF
the hill President Taft has been ina
pressed by the arguments of the states
that they should not be disturbed in the
use of the Inheritance tax as means
Of raising revenues, although his belief
IN the principle has not ahated. How
ever, be does not think that federal aud
state governments should both resort TO
| this method of raising revenues.
For a Customs Court.
The amendment adopted by the Sen
ate providing for the establishment Of n
| customs court is likely 10 bc accepted by
the House confcrceS. An effort VIII he
made to iN the salaries Of the judges at
$4,000 as provided originally by the
amendment rs reported by the finance
committee TO the Senate.
The terms of the Senate maximum AMI
minimum provision are meeting with
some favor from the House members of
the conference committee. indications
are that the provision will he accepted
with some minor changes. This feature
provides that the maximum rates, which
mr." fixed IT - pc cent. above the import
duties prescribed by the bill, shall 20
| into effect March 81 next, unless the
president by proclamation meantime
,haIl have released countries from the
higher rate. These proclamations are 10
hr issued only upon receipt Of evidence
that the United STATES is receiving the
best rates Eitcn ny such foreign country.
If the Senate gains lis way in relation
To- the corporation tax, inheritance tax
and the customs court there Is a feelu-
! illt il will loo AT the sacrifice Of many
Of the senators amendments to the du-
,tublc list.
Conierees Make Haste.
The coufcrccs plunged into their labors
today with a ylgOr and enthusiasm that
purtcnds haste in getting the bill back to
the Senate ana the House. The con
fcrccs proceeded rapidly through the
metal schedule and into the wood SEIZED
ME in few hours. This does not mean
that the metal schedule was completed
as il contains many important amend
,nents such rs changing the rates on steel
products, which are HE subject of sharp
differences of opinion. These were
passed over to he taken up after minor
amendments in all schedules have been
. g..tt It.i