New-York tribune., 1909-07-07
TARIFF BILL REPORTED
Continued from first page
took the side of Mr.. Daniel in the debate to-
AMENDMENT MODIFIED.

The corporation tax amendment was modified
to-day by the addition of the following proviso:
Provided however that nothing in this sec
tion contained shall apply to labor organizations
or fraternal beneficiary societies, orders OF dS
sociations operating under the lodge system anu
providing for the payment of life sick, accldene cse
and other benefits to the members OF SuCh SUITE
ties orders or associations, and dependents OF
such members nor to domestic bulldlns anu
loan associations organized and operated eXclu-
svely for the mutual benefit OF their members,
nor to any corporation or association oIgahiZeu
and operated exclusively for religious. charlta-
be or educational purposes, no part or the proilt
of which inures to the benefit OF any private
stakeholder individual. but all OF the pToIl Oh
which is in good faith devoted to the sald re-
ligious, charitable or educational purpose
# Is entirely probable that some further modi-
fication along this line viii take place in con-
ference The trainers of the. amendment be-
lieved that by excepting corporations not or
ganized for profit they had clearly exempted all
organizations of that description. Certain Sen
ators however. notably Messrs. Bacon. Burket
and Dick insisted the specific enumeration
Of some classes of corporations not organized
for profit. and Senator Root and the lawyers OF
the Finance Committee now believe that IL VIII
he necessary to name all those which are TO De
exempted.
AS a result OF newspa per and magazine aru-
cIes read by Senator Clark, of Wyoming the
trinity NnuTtu NoIpoidtl'it vi w"
brought into the debate when the amendment
was offered by MIR. Bacon exempting religious
charitable and educational associations. Mr.
clark said he understood that the Trinity
Church Corporation did profitable business
and ought to pay its share OF the tax, Just the
sarse as any other corporation.
Senators Root Depew, Hale and Kean insisted
that the Trinity Church Corporation was not a
corporation organized for profit IN the ordinary
sense of the word They said that land granted
It in Colonial days had become very valuable
and now had a large earning power, but that It's
revenues we're devoted to charitable and re-
Igious purposes only. Mr.. Kean said that the
newspapers and magazines had greatly eAag-
gerated the profits of Trinity Church Ihe
profits were about $1.U0OO0 a year, he said.
MEANT NO REFLECTION ON TRINITY
Mr.. Clark said that he had no desire to reflect
on the Trinity Church Corporation. but he had
read in the magazines that it engaged in other
than religious work and was one of the great
est landlords in New York. being responsible
for tenement houses that were far from models
in the community. He thought any corporation
engaged in the business Of renting should come
WITHIN the scope of the taxation laws
Amendments by Mr. Gore, requiring the pay
ment Of the corporation tax to state treasures
light companies: and by Mr. Bacon. exemptng
mercantile corporations with gross annual sales
not exceeding $4,000, were rejected
Amendments offered by Mr.. Lodge were agreed
TO- These provisions re-enact existing laws
one Of them provides for the levying Of a dis
eliminating duty Of 10 per cent al Valorem on
goods imported in. vessels not Of the United
states: another covered goods imported from
.optlguous countries such as Canada and the
,For Oh in
countries. ana stiu another extended from two
TO six months in any one year the period during
which domestic built foreign vessels may en-
gage in the coastwise trade. -..
The United states is relieved from all recip-
rocal obligations toward foreign nations in the
matter of tonnage dues by an amendment Of
lcred. by Mr.. Frye and agreed to. Senator
Frye's amendment has the effect OF repeating
the present law authorizing the President TO
suspend the tonnage tax against vessels belong
ing 10 a country which does not impose duty
on American vessels equivalent 20 the tonnage
tax law Of this country. Mr. Frye stated that
81 UlO0OO in revenue was now derived from the
tonnage tax about $4,000 Of which would be
lost if other countries should generally take
advantage of this countrys exemption.
4 proposed reduction of > per cent in customs
duties levied goods imported into the United
states in American ships, provided for in an
amendment OUereu ny MT. IslhlllSt "ds not at
cepted by Mr. Aldrich and the amendment was
withdrawn without having been voted on.
Mr.. Elkins did not formally present this pro-
vision because. he said. he appreciated the
impossibility of having It added to the tariff
BILL but he gave notice that after the meeting
OF Congress next December he would introduce
independent bill along the same line which
he would press to passage, If possible.
The report issued by the Trinity Church Cor
pOration on January >, the first in it's history to
he made public, showed that the total income
for the last fiscal year was approximately $3.50
uOO more than $4,000 being derived from the
corporations real estate holdings and only
about $1S000 from pew rents. The report
further showed that the expenditures for the
year amounted to more than %I9i 900 leaving
an actual deficit of 81 ,9GFi for the twelve
months.