The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1913-10-03
UNDERWOOD TARIFF
. BILL PASSES HOUSE
BY GOOD MAJORITY
THE VOTE WAS 254 TO 1903 WITH
FIVE DEMOCRATS AGAINST
THE MEASURE.
TAX ON COTTON FUTURES
House Accepts the Wilson compro-
mise But It Is Not Expected to
Pass in the Senate-President Con-
Graduated on His Activity.

WASHINGTON, Oct 1.-The I'm.
derwood democratic tariff bill pass
ed the house shortly before o'clock
Tuesday afternoon by vote of 254
to 1913.
Party lines were drawn closely in
the final vote. In passing the bill
the democratic majority received the
assistance of but seven republicans
Baltz and Mcdonald, Michigan; Kel
ly and Ripley, Pennsylvania; Kent
California; Manahan, Minnesota, and
Stafford, Wisconsin.
Democrats voting against the bill
were Donohue, Pennsylvania; Brous
sard, Morgan and LaZaro, Louisiana
Donohue opposed the measure be
cause of the manufacturing interests
in his Pennsylvania district and the
Louisiana representatives were con
tinuing their fight against the sugar
Schedule OF the Dill.
After a bitter fight Underwood Sc
cured the substitution of President
Wilson's compromise for the Clark
amendment to tax deals in cotton fu
lures. The senate is not expected tc
accept the compromise and the prop
osition to restrict or to regulate mar
ket operations in cotton futures il
expected to go over until next win
ter.
The compromise standardizes nine
grades of cotton running above mid
ding grade, the kind in greatest de
mand because of its use by spinners
and imposes nominal tax of so cents
a hundred bales on cotton market OPP
erations within such grades.
! On market operations outside Of
I, the standardized grades, a tax of one
tenth of | cent a pound is imposed
This tax is expected to restrict gam
bling operations.
The secretary of agriculture is t.
fxe the standard grades and the sec
rotary of the treasury is to make reg
iulations for the imposition and collec
ton of the stamp tax.
/ The form of contracts to be use,
in the market operations are set fort
and heavy penalties are fixed TO
their violation.
Representative Fitzgerald, of New
York, and Southern members having
cotton exchanges in their district
'opposed both the Clark and the Wi
son amendments because of tn
threatened blow to cotton exchanges
but were defeated in the attempt t
pledge the house against any cotto
future legislation at this time, oy
vote of 203 to 1877. 80
/ Wingo, Arkansas, and Garner, Tel
as, led the fight for acceptance of tn
Clark amendment, but were defeated
The Wilson compromise was agree
to by vote of III to 161.
The tariff bill with the exceptio
of cotton futures amendment, will b
rushed to the senate tomorrow an
final vote on the bill, with the reje'
ton of the Wilson compromise, is e,
pected by the end of the week.
This day begins quarter OF
century of unbroken democratic S,
,premacy," declared Speaker Clark /
! 1.-THE CLOSING speech to the house o
the passage of the tariff bill. 1t
the elimination of one Of the longes
and hardest fight in the history
American politics"
He was given remarkable stant
ing ovation by democrats and republ
cans.
y This is the best tariff bill that ha
: ever been written" said the Speaks
l"The second best is the old Wake
tariff bill. Had it not been for tn
Civil War there never would hav
been a high tariff bill on the statut
books of this country"
After congratulating Underwoo
and the members of the ways an
means committee over the result {
their labors in framing and gettin
through the bill, the Speaker said:
81 congratulate President Wilso
on the part he has played in the Ell
actment of this legislation"