The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-19
MEASURE NEARLY
READY FOR HOUSE
lCont'nued From Eirst Page.l y


to the income tax. the only Important
change being decision to strengthen
the provision eXempting life insurance
policies The $4,000 exemption ana
graduated scheme of income taxation
running up to 4 per cent on 100000
or more WAS retained intact
The House Republicans in an open
conference Endorsed the proposed
amendment to the bill that would pro-
vide for tariff commission. changed
so as to require tho commission to re-
port annually, and deferred until Mon
day action on a proposition to intro
ducc as n Republican amendment the
Paync-Iiiil wool bill that was offered
two years ago.
Some Minor Changes.
Meantime. tile Democrats of the
Ways and Means Committee met and
agreed upon a number OF minor
changes in their bill. which will be
offered probably late Tomorrow to
correct defects disclosed In the caucus
proceedings in kilograms and letters
10 the committee and IN renewed study
of the bill.
The Democrats have been bomba rded
tho income tax provision intended to
exempt life Insurance policies.
TO avoid complications the caucus
changed the language so az to read
provided the proceeds of life insurance
policies paid upon the death Of the
person insured shall not be included
as Incomes
Representatives Shcricy, of Kentucky,
proposed to reduce the income exemp-
tons from $4,000 to $4,000, and to
make incomes OF more than 100000
pay per cent. Representative Hob
son, OF Alabama, wanted to make the
minimum $4,000. with n rate OF 1-2 of
per cent between $4,000 and $4,000.
and per cent sur-taX on incomes
between 100000 and per cent sur
tax above s2eo,ooo. Representative
Thatcher, OF Massachusetts. figured the
minimum ut $1,000. All these amend
ments were voted down.
II was said tonight that the caucus
would finish with the bill by to-mor-
row night or Monday. and that the
House would take up the bill the middle
OF the week, with passage there be
fore May l. The Republican caucus
opened with lively fight over the
joint tariff policy in prospect
Representatives Moore, OF Pennsyl-
vanla. and Fordney. OF Michigan. of
the Republican representation on the
Ways and Means Committee. were on
hand with resolution which would
prevent the Republicans taking any
constructive step in the making Of the
tariff.
Republican Leader Mann ana his
lieutcnants prevented vote on the
resolution.
Payne Discusses Subntitutcn.
Representative Payne discussed his
proposed substitute wool bill at
length. declaring IT was the most
equitable arrangement OF duties on
WOO! that could be devised He said
tho bill had the Endorsement OF the
Tariff Board.
Representatives Fordney. attacked the
rates as too low and objected to the
conference indorsing any bill. Action
was postponed until Monday
Chairman Simmons. Of the Senate
Finance Committee. returned to Wash
tnEton to-day. and has called another
meeting tomorrow OF the Democratic
members Of the committee for further
study of the tarin bill. No hearings
VIII be granted. according To the pres
ont plans Of the Democrats although
many delegations and representatives
of industries and labor organizations
have requested opportunities Ia ap-
pear
The caucus adopted an amendment
10 the income tax provision offered by
Representative Hull, which. in effect
would require Insurance companies to
pay the proposed Il per cent only on
their net incomes. out of which they
declare dividend To policyhclders'