Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1910-06-17
REPORT Is SUBMITTED TO UPPER
HOUSE AFTER CONFERENCE
AT WHITE HOUSE.
WISH TO BE MET
Measure Will Contain Provision for Com
mission to Investigate Stock
and Bond Issues.
CONGRESS MAY SOON ADJOURN.

WASHINGTON, D. O., June a.
The conferees Of the Senate and House
reached q complete agreement on the
railroad bill at 1:3O o'clock this after
noon and Senator Elkins Immediately
presented the report to the Senate. He
announced that he would call it up for
action by the Senate tomorrow. The
agreement was in accordance with the
announcement made at the conclusion Of
the conference at the white house this
morning.
Respect Taft's Wishes.
The conferees on the railroad bill have
been at the white house daily since their
appointment and there has been every
desire on their part to conform to the
Presidents wishes in perfecting the bill.
There has been some friction over put
ting into the bin the paragraph author1z-
ing the appointment Of commission by
the President to take up the subject of
stock watering by the railroads. The
President has remained firm in his in
sistence that there should be some pro-
vision looking to the control of future
issues Of railroad securities in order that
the party might say it had complied with
it's platform pledge in this respect. 1t
is said that as late as this morning a
committee of railroad attorneys was urg-
ing the cOnferees not to put such pro-
vision in the bill. This fact was reported
to the President, but did not disturb him
in any way.
The long and short haul clause as
adopted by the House provides that rail-
ways shall not charge more for short
haul than for a long haul. The inter
state commerce commission is gwen pow
er to decide when exception may be made
to this rule by reason of water compe-
titon, etc.
To Regulate Rates.
The conference committee adopted the
House long and short haul provision, and
the Senate provision in regard to the
suspension of the increase in rates. The
latter section provides, in effect that the
proposed increases shall not go into eff
feet for a period of eleven months from
the time notice is given by the railways;
but it is provided further that the inter
state commerce commission shall give
hearings on such questions preference
over all other questions pending before 1t
and shall make decisions thereon as
speedily as possible.
Congress May Soon Adjourn.
Because of the probability that next
week may witness the end of the pres
ent congressional session, President Taft
has decided not to start for New Haven
Sunday night. If these should be a de-
lay IN congress, lue IIeSiueul Will go "
New Haven Tuesday night to remain
over Wednesday, but if there is pres
sure of business he will forego the priv
lege Of seeing his son graduate.
Would Defer Tax Payment.
Senator Cullum today introduced in the
Senate joint resolution postponing IN
til January l, next, the payment of the
corporation tax. The legislation is de-
sired because of the delay of the supreme
court of the United States in determining
the constitutionality of the corporation
tax provision of the Payne-Aldrich tariff
law. The resolution was referred to the
committee on finances.
President Taft has expressed his en-
phatic disapproval of the plan involved
In Senator Cullom's resolution providing
for the postponement of payment of the
corporation tax until Jan. 1. Attorney
General Wickersham also disapproved
of the resolution. Should it become a
law, it would be necessary for the gov
eminent to issue certificates to the ex-
tent of about 100000 to meet obliga-
tons which the Treasury department
had intended paying with the proceeds
of the corporation tax receipts.