The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-08-06


ceived in the senate and referred to
the committee on finance April 10.
Senator AIdrich. OF Rhode Island. the
leader Of he senate rs chairman of
the finance committee, subsequently
became chairman of the conference
committee. which was appointed TO ad-
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
its final form was a victory for Pres
ident 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
had meant what be had said about free
hides. The figures were then lowered
to per cent. Now Chairman Serene
Z. Payne, Of the ways and cans COM
mittee, decided to demonst te that his
original bill, providing for rec hides
should no longer be subjected to the
enlasculatory operations of the ma
jority OF the ccnferees. He announced
TINT not eyen a 5 per cent duty on
hides would be accepted By either him
self or the house. Without free hides
this tariff bin will not pass the house
he was Quoted was Saving.
Message to the ccnferees.
The tariff came OF hides instanter.
and as quickly oil was pur on the I'M
taxed schedule. together with gasoline
benzine and Daptha- The leather.
rough lumber. print pape-, coal and
iron and glove schedules ranked next
In importance during the closing DAYS
OF the controversy.
II 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 70
light The solving of the hides prob
lem left 1t simple matter to agree
to lower duties on boots and shoes.
the Dingiey rate being 25 per cent
Saddlery and harness were cut to 10
per cent, as against the Dfneley rate
Of IS per cent The president resort.
ID 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 RI co.
serest pressure from both the upward
and downward reyisionists throughout
The upward reyisionists told him that
reduction OF duty on hides and Ieath.
er manufactures would make the nert
congress Democratic, in which event
they argued that Taft would not nos
sibly be renominated for the nres;.
dency- The "Downwards- told him
mat Roosevelt surely would be the
next Republican candidate for nresi.
Gent IL the campaign promises for a
downward revision were not fulfilled
Fight for Corporation Tax.
The president had highly difficult
task also in preserving his scheme for |
corporation 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 |
mouse were concerned. Many OF the |
members argued 10 the president that I
the tax as provided for was uncons.i.
Resolutions will he in,ro.
duced in the various state legislatures
condemning the act and recommend.
ing It's repeal. according to statements
made by various congressman in
Washington, -
. me corporation tax of per cent on
the entire net income over and aboya
so,ooo received By corporations from