The Sentinel=record., 1913-09-30
COMPLETED BILL IS RETURNED TO BOTH HOUSES FOR ITS
 FINAL CONSIDERATION.
HOUSE WILL ACT QUICKLY
Only Question Unsettled is Clarke Cotton Futures Amendment Which Senate is Still Firmly Contendina For.

Washington, Sept. 29-The demo- cratic tariff revision bill, first on the program of reforms mapped out when President Wilson came into of flee, advanced to its last congress sional stage today when it was brought back to the house from the joint conference committee with the unanimous endOrsement of the dem ocratic conteraes.
 Leaders in both houses of con gress were confident tonight that the bill, now practically complete, would be signed by President Wilson before the end of this week. It scarcely will leave the center of the stage be- for the currency bill will be forced to the front, and concident with it's consideration will begin the admin istration work on the antitrust and railroad control programs which are to be brought forward when the De cember session opens.
 President Wilson is satisfied that, with the tariff bill out of the way, congress will take up the currency question. prepared to dispose of it before adjournment. The course to he followed in the senate has not been mapped out but there is / growing belief among supporters of the administration bill that the sen ate will take up the currency ques- ton at an early date, even though it's banking currency committee has not settled the details of the bill.
 The tariff conference report went to the house today soon after that body convened at noon. During the morning the full conference coHmit- tee, convened by Chairman Simmons had given the bill formal approval.
 Senators Simomns, Williams, John son and Shively and Representative Underwood, Kitchen, Bixon and Raj ney. the democrats who have adjust cd all differences between the sen ate and house, excepting only the cotton futures tax proposition, sign ed the final report, while the repub- licans and progressive members de clined to sign.
 The house will take up the tariff bill at II o'clock tomorrow and it is believed it will be passed before ad- journment It is expected to reach the senate "Wednesday and to pass that body by Thursday.
 The cotton futures tax is still in dispute. the house refusing to accept the so called Clarke amendment adopted by the senate Expressions rom the white house and from con gressional leaders today, however, l indicated that in the final conference over this feature, the whole plan might be dropped from the tariff bill and taken up as a separate measure next winter
 Senator Simmons. chairman of the senate finance committee, gave out tonight the first complete estimates on federal revenues and expenditures undr the new tariff bill, as comput- ed by experts of the treasury depart ment, who have been working with the joint tariff conference commit. tee.
 The total estimates are as fol lows:
 For the year ending July 1, 1911:
 Receipts, $1 ,O29, ,000,0OO.
 Expenditures, $l,013000, ,00O, sur plus, $160O0,000.
 For the year ending July i, 1915:
 Receipts, $l,026,000; expenditures $l1,00S, ,OO0,000 surplus, $1S,000,000,
 The estimated receipts under the customs tariff the income tax and the corporation tax, embraced in the new tariff. are given as follows:
 For 1914:
 Customs revenues, $270,000, 900. in- come tax (ten months). $66, 6,000,00O; corporation tax, $3S,000, 900.
 For 1915:
 Customs revenues, $249 900 900; in come tax, $S3,000,000, corporation tax, $39 100000.
 The customs revenues will be larger for the current fiscal year 1914" said Senator Simmons, be cause the rates of the Payne-Aldrich law have been in force for the first quarter and will continue in force on wool and woolen goods until Jan uary 1 and on sugar until March l..
 When the next fiscal year begins, July 1, 1914, all the rates of the new law will be in operation and the tar if duties collected will be smaller.
 The income tax, which is collected for the calendar year, can be collect ed for only ten months of the pres ent year as the law specifics that collection shall not go back of March 1, 1913.
 The estimated decrease in the to- tai expenditures of the government for the army and navy estabaash- ments."
 The balance of the total income