The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-06-25
BEYERIDGE SPEECH
INTERESTS SENATE
Figures Concerning Tobacco
Trade Are Considered by
Finance Committee.

Much attention Ia been attracted in
the Senate 10 the speech Of Senator
Beveridge of Indiana in which he at
tackled the Tobacco trust and proposed
amendments 10 the tobacco schedule
increasing the duties or various forms
OF tobacco.
The Finance Committee has taken
the amendments of Senator Beveridge
under consideration and has promised
TO give them serious attention. In
his speech. Senator Beverage presented
an astounding mass of facts and data
concerning the organization of the To-
bacco trust and its growth from small
concern - a monopoly with hundreds
of millions OF capital and securities.
He described the Ryan group Of fnan-
ciers and their manipulations and op-
eratIons.
Senator Beverage showed that If to-
bacco in this country was taxed as in
other leading countries of the world,
the revenue thereffom would run UP
10 about a third Of a billion instead OF
1900, eco, as now. He urged that the
law permitting the sale of short-weight
tobacco packages be repealed and thus
the trust be deprived OF the right TO
mulct the consumers out Of millions.
Senator Beverages utterances were
the more remarkable as they were
based on the Department of Commerce
LEGATION.
Newlands Fires First Gun.
The first of the long series of speeches
which may be expected on the corpora
ton tax was delivered by Senator New
lands He raised the question whether
IL would not be better as a revenue pro
ducer TO levy tax on the gross receipts
of certain corporations.
II speaking OF the need of additional
revenue he said the Improvement of
the rivers would be 900 annually
and for the construction of public build
ings $50, 900,0l0 or more annually
He spoke in favor of an excise tax
TO reach the great accumulated wealth
of the country, c. its earnings engaged
IN corporate enterprise and Federal su-
pervisiOn OF such corporations. He
quoted j Supreme Court decision TO
show that an excise tax would De con-
Stituuonal-
Tax On Refners.
THE excise tax on refipers of sugar
and OIL" said NewIands. measured BY
their gross receipts above certain
amount, has been approved by the Su-
preme Court II can easily be enlarged
so as 20 include all manufacturers of
goods protected by the tariff. and il
can be made as little VexatiOus as pos
sible by relieving the small msnuIsc-
]
not be well 10 consider seriously this
form of wealth. instead of reaching
out for all corporate wealth through
the country"
He said that the Dingley law was a
charter TO domestic manufacturers TO
impose on the American consumers a
cost Of 100000 annually more than
could be received If free foreign COM
petition obtained. With such a benefit
ia their favor, he said, they should not
Erunb BILE over paying an internal reve-
nue. tax, aggregatirg only $4,000 600 or
500, 009 600 annually, upon their gross
receipts.
Bailey Justifes Course.
Senator Bailey in a notable address
sought TO justify his course in voting
for duties on raw materials More
especially he was defending his sup
port of a duty on lumber. on iron ore
and on hides, and endeaVOring to show
the Senate that the doctrine of free
raw material is indefensible and IN
democratic.
10 the speech for the reason that Sen
ator Bailey had been bitterly assailed
by members Of his own party. in Texas
and elsewhere, for falling 10 vote for
free raw materia and for voting for q
duty on iron ore coming into this coun-
Try, tax which many assert the United
States Steel Corporation wants. and be-
lieye viii be Of benefit only 10 the great
steel and iron monopoly.
These criticisms the Senator deems
unjust and his speech was made for
the purpose of answering and silencing
the assaults.
Senator Bailey maintained that free
raw material was not the policy Of the
Democratic party.