New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-30
TALK OF 10 PER CENT LEVY.
Amendment Proposed by Cum
Minis to Confine Sales to Prod
ucts Owned by Seller
Finds Sentiment in
It's Favor.
WILL DROP DIFFERENTIAL
Provision for Lower Duties on I'm
ports in American Vessels To Be
Eliminated pecause Of Ur.
gent Protests from For
eign Countries.

eign Countries.
From The Tribune Bureau
Washington, May 29.-An addition TO
the tarlf bill designed TO tax out of
existence gambling in stocks, bonds or
other obligations of corporations, in
products OF the soil and meats or pro-
visions Of any character is under con- (
sideration by Democratic members Of |
the Finance Committee y An amend /
ment of this character has been pro-
posed by Senator Cummins, and there
is among Democratic Senator'S
strong sentiment in favor of its adop- !
tion, particularly that part which af-
fects future sales of meats and prod
ucts Of tie soil.
The Cummins amendment provides
for the imposition Of a 10 per cent tar
on sales in which the seller Is not the
owner Of the product sold. exceptions
being made where the seller is owner
Of growing crops or engaged in the
production Of meats and provisions and
the sale relates 10 such articles. A
like tax is imposed on the sale Of stocks
for which the purchaser does not act
ualIy receive the certificate. II the tax
Of 10 per cent on the contract price /
Of sale is not paid within ten days. ai
penalty Of 50 per cent per quarter is
added
The subcommittee OF the Finance
Committee, consisting OF Senators
Stone, James and Hughes, practically |
completed the revision Of the wool, silk
and earthenware schedules to-day. |
The other two subcommittee were
still far from the end OF their labors. !
II is now expected that II will be some
time after the middle of June before
the bill is finally whipped into shape
for submission L. the Senate.
May Enlarge Free List.
Whether TO put cattle. wheat and
oats on the free list or TO put duty
on their products is one OF the PROP
lens of the Finance Committee. Chair
man Simmons. John Sharp Williams.
chairman of the subcommittee hand I
ling the agricultural schedule. and
Representative Underwood. chairman
OF the House Ways and Means COM
mittee. discussed the matter with Pres
ident Wilson to-day.
The President is reported to have
agreed with Senator Williams and SEN
ator Simmons that the raw materials
and their products in the agricultural
schedule should be equalized, instead
of placing raw products on the dutiable
list and making meats and -four free. |
as now in the bill. The Senate sub |
committee is reported to-day to have I
decided TO put cattle. sheep and hogs
Whether the President agreed to
free listing of the raw materials or
urged that the agricultural products
he made dutiable in conformity TO the
Underwood rates on raw materials
was not disclosed, but Democratic I
Senators were resigned to the general !
" accepted report that all these ar
ticles would be placed on the free list. /
DiHerential Clause Dropped.
Senator Simmons definitely an
nounced after the conference with the
President that the proposed per cent
differential on imports in American
owned or controlled vessels would be
dropped from the tariff bill in the Sem
ate on account OF protests from foreign !
nations.
Senator Simmons also declared that /
objections by foreign nations TO the .
clause TO compel foreign merchants TO /
submit their books 10 an American I.
agent In cases OF disputed valuation 4
would be met. In both cases the State I
Department holds that protests are Jus
tilted. The President upholds that view.
Mr.. Underwood. when asked about 1
the probable action OF the House
should the tariff bill come back with
the 5 per cent clause eliminated, said
that personally he favored the reten-
ton OF the provision as one OF the ways
OF building up a merchant marine.
u believe in discrimination in favor
OF American ships" said Mr.. Under
wood Foreign nations discriminate
in favor OF their own ships. and I do
not see why we should not"
Mr.. Underwood did not Indicate
however. whether there would be any
effort TO retain the provision IL the ad-
ministration raised strong objection.