Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-28
aAiNGY pEFENos INCOME TAX
~ DAWN OF NEW ERA
pseiarss Msasues 10 Not Free Trade
q Dut 10 Designed to EquaIixs susi.
nsss-lsadsr Underwood Defends
sill Asainst Pretssts Of Foreign Ma
tiens-Ne T-saty to Bs vieIatsd.

view to getting the larger audiences
expected with the closing of general
debate and the shifting of considera-
tion Of revision to a reading Of the
measure under the five-minute rule.
Chairman Underwood has not
changed his view that the bill should
be disposed Of In the house within q
week from today. and that the sugar
schedule 10 not likely to offer much
real trouble. He hoped that unless the
fight Of the antf-free wool advocates
spreads, the bill will emerge from the
senate substantially in the form in
which 1t stands.
Dig Guns Heard.
Representative Rainey, Of Illinois.
who had charge of the agricultural
schedule Of the bill as q member Of
the ways and means committee; Rep
resentative Murdock, Of Kansas, the
leader Of the progressives. along with
Representative Chandler, of New York.
and others OF that party and some OF
the big guns Of the republicans were
on todays speaking program.
Mr. Rainey said the bill represented
a dawn Of new era in the govern
ments fiscal policy, making lighter
the burdens Of taxes upon consumers
ana compelling great wealth to contrib
ute his fair share toward paying the
government expenses"
Ho pointed out that no government
that adopted an income tax system.and
gave II fair. trial had repealed It.
How Income Tax Will Work.
! .s ..::We make the highest tax upon the
crest incomes aand the lowest upon the
small incomes" he said. taxing 1885,
900 IN al, and expect to collect from
them at least 370.00o.Ooo
He said the tax would resch 126.OO0
incomes that amount to between 81
900 and 5000 q year. from which the
government expects to collect $630.O00.
an average Of IS per income, and would
reach 100 incomes amounting to more
than q, ,0OO, 900 each year from which
collection Of nearly $6.ooo.000 Is ex-
pected.
Mr.. Rainey said he knew Of no
swollen fortune which had not been
made possible by the favors OF the
government and that a protective tar
iff conferred upon protected interests
the right not only to levy taxes but 10
collect and; distribute them in divi-
dends to the holders of watered Stocks
Says les Not Free Trade.
.sNearIy everything the consumer
buys is taxed and the taxes he pays, II
he buys American goods, do not f1nd
their way into the treasury OF the Un-
tied States" said Mr.. Rainey.
He declared that the revision would
end the alliance between the protected
wooden mills OF the east and woolen
interests OF the west.
"This.,, he said, 'is not free trade
ELL, but Il will fail Of its purpose II IT
does not bring about freezer ex-
change between the products Of this
and other countries, each nation ana
section producing what 1t Is best
adapted. to produce and trading 1t for
the products Of other sections and ma
tons"
oovsrns1snt Within Rights.
Democratic Leader Underwood.
framer OF the new tariff bill, contends
tha United States is entirely within its
rights in the provisions Of the bill
against which foreign nations have pro-
tested. The clause which would grant
a 5 per cent tariff preference on goods
Imported in American vessels and
which has caused protests from num-
Der Of nations, Nj. Underwood says, IS
10 encourage the building of American
ships and he believes 1t violates no
treaty. tss
Tho French. protest Is against the
provision that foreign manufacturers
and exporters. shall submit their books
to the United States agents when de-
mandsd. This clause, Mr.. Underwood
declares does not mean that the Unit
ed states IN going to try to learn the
secrets Of foreign manufa cturers and
It will be used only in cases where
there ID. reason to expect that goods
have been undsrvalued.