The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1909-04-30

Wall Street.
(ey Tav.l
/ WashifiSBpn, April 29. The senator
ial decks have been cleared for ac
tiolL An iheome tax amendmeit to
I the tariifbill promises to develop lie
bitterest parliamentary warfare in
the history Of tbs upper house Of
t congress-
7 The Right practieally aS0ou to a
4 struggle Her the supremacv III fha re
4 publican party. Senator Cumftfins N s.
icome tax plan is the particular meas
ufe that ID arawing the IRE Wan
istreet, through its mouthpiece, SEND
tor Aldrch Of Rhode Island, showed
its teeth at the FIRST mention Of he
words eincome tax"
Senator cummins has behind MIN
mall body Of insurgents. Aldrich has
lbehind him the powerful ring Of Wall
= street REPRESENTATIVES,. To each side
the outcome Of the feud means every
thing.
If Gummins can succeed in having
his income tax amendment tackled on
the tarfn bill Il will mean he is the
strongest man in the republican ranks
because he cannot Succeed unless he
defeats the Aldrich crowd. President
Taft will probably not appear fo iakA
interest in this feud. However, his
sympathy IS with Aldrich AMI his
hackers If Aldrich is defeated it
may he considered a defeat for Presi-
dent Taft
It is he fact. and may IS welt !be.
] stated Senator Cummins goal is the
] presidency Of the United States. That
IS his objective point If ne can lie
/ feat the present leaders of his parry,
there is nothing that can stop him
from getting the nomination. No one
realizes this more than the Aldrich-
Taft Cannon followers.
1 "Cummins must be sat dDon -hs
must be sat upon good AMI lacd!"
That is the word that has goae down
! the line to the standpatters. The Cum
Minis amendment is said to hay, GER
tain flaws. 1t wouldn't make any diff
/ ference to the Aldrch crowd whether
/ it had CT not, however. They would
not permit, if any action on their
/ part could prevent ii, any important
amendment coming from the Iowa
/ senator to tie made on the tariff biH
The better the measure from the
standpoint of the people, tha less
! chance Senator Cummins would have
Of success in getting it enacted into
law
Will Cummins defeat Aldrieli? Many
are asking this question. 1t is easily
answered Senator Cummins annot
succeed in having his income tax
amendment incorporated into he tar
if bill The Aldrich crowd has COZ,
i gress securely in its control.
There is one move Senator Cum
Minis could maize, however, that would
defeat, in the opinion of many, the
efforts Of Aldr!ch to prevent him from
winning TIE laGdits CT the entire
west
IT, after seeing that he coual n. t
succeed in having his income tax
amendment adopted, Senator Cusnmins
would irduce his followers to fofe for
the Bailey income tax amendment, II
Is the opinion of many it might b. a
master stroke for the Iowa senator
Whether he would do this is TIE
question. Some say he would and
/ some say he wouldn't
The democrats will vote almost SOL
idly for the Bailey income tax amend
ment. The democrats are in good
faith in their efforts to give the coun
try such law, which would require
/ the rich to help bear Their opor
tion of the expenses of the gov arm
ment and tend to tighten the burden
of the poor.
! The only objection being urged >
the Cummins amendment is h4r, &C.
cording to its critics. il allows 10
/ escape from taxation foreigners hold
ing stock in American corporations.
/ From a practical standpoint, how
ever, it really makes little difference
what either the Cummins or Bale
amendments provide. 1t is doubtf;,l If
income tax legislation VIII become y
/ reality until there is a majority of
democrats in both houses to pass SUN
q measure. The nuflic may as vel
understand from the outset the repub
lican party prcnel has no Intention
/ whatever Of incorporating an ncama
tax provision in the Payne bsll,