The Birmingham age-herald., 1913-09-29
Both Houses Meet Today
With Prospect of Early
Completion Of the Bill
WILSON MAY SIGN BILL
BEFORE END OF WEEK
Struggles in Conference Committee
Practically Ended Except For
Cotton Futures Tax Ques-
tion-Currency Next

Washington, September 2S.-Both the
Houses of Congress will meet tomorrow
with the prospect of an early completion
of the democratic tariff bill Although
the conference report probably will not
be taken up in the House before Tuesday
and later in the Senate, instructions have
gone out to absent members of both
Houses to be on hand early in the week
for the final stages of tariff revision
Democratic leaders hope. that the bill
will be signed by the President before
the present week is ended.
With the Presidents signature, the first
democratic tariff bill since Cleveland S
administration will become law, and a
complete revision of tariff rates and of
the taxing system will become operative.
The struggles in the conference commit
tee practically are ended except for the
cotton futures tax question.
Tomorrow the conference report will be
sent first to the full conference commit
tee. the republican members Of which
thus far have not seen it or helped in
it's preparation f-
Underwood Reports Bill
1t then will be reported to the House
by Chairman Underwood of the House
corferees, probably Monday afternoon.
The present plane Is to have it lie over
until Tuesday before action is demanded,
The House will agree to the report, but
recommend amendment in the form OF
the so-calIed Smith-Lever cotton futures
tax plan. The document then will go to
the Senate.
The Senste will approve the. completed
conference report and either agree to the
House amendment or demand new con-
ference The Senate democrats either
win have to accept the House cotton fu-
lures plan or else go counter to the ex-
pressed desire Of President Wilson and
bring about the defeat of the whole cot
ton futures tax plan for the present ses-
sion of Congress-
Senators sPenrose Lodge and La Fol
lettezthe republican senators on the joint
conference committee, are expected to
make some sharp comments on the work
of the conference committee before the
tariff debate finally ends. This republi-
can opposition. coupled with the threat
ened fight Senator Pomerene. democrat
will make because his amendment taxing
Mandy used TO fortify sweet wines was
dropped ont by the cpnferees, may delay
the Senate's final approvalsof tile bill for
two or three days.
Hearings on Currency Reform
Currency reform legislation is expected
to take a secondary position this week
although the 4hearings by the Senate
committee Will continue throughout the
week. President Wilson Is watching boti
the tariff and currency situations closely
His influence probably will be called tnta
play this week chiefly to snipotl1 the road
for the tariff bill and to adjust the con.
flict of the two Houses over the cotton
futures tax question.
A final revision Of figures covering tbs
estimates of the revenues to be derived
from the new tariff law was made toda,
by che treas asury experts connected witt
the tariff conference committee Senators
Simmons, chairman Of the conference
said tonight the reyenues for the hsca
year of 1914 would carry surplus Of
s16.Ooo,0o0, and for the fiscal year 1sli
surplus of $ls,000oO0. The Increase vii
be due in part to the fact that for the
year 1914 the income tax VIII bezcoilected
only for fve-sixths Of year. orr from
March !. 1918, 70 December 81