Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-10-04
Report of Conference COM
mittee Finally Adopted
by Congress
COTTON FUTURES TAX
NOT IN THE MEASURE
Nine O'Clock Tonight Fixed
as Time for Executive
to Affix Name

washington, d. c., Oct. 3.-Presl'
dent Wilson began work today with
the prospect Of signing by 9 o'clock to-
night the first reform measure OF
his administration and the democrat
ic tariff revision bill passed In nearly
a score Of years. Democratic leaders
OF the house and senate had paved the
way for the last legislative step for
the approval Of the bill; congressional
clerks had engrossed and prepared the
huge document for the presidents
signature and 1t remained only to Sc
cure the formal action Of the house
OF representatives in receding from it's
cotton futures tax amendment to com
plete the tariff bill:
Embraced In the legislation. which
has been pending in congress since
April 8 are complete revision and
general reduction of nearly all the I'M
port duties levied by this government
on foreign merchandise new IN
come tax that will strike every person
having a net income above $4,000, and
an array OF important changes In Gus
toms laws and internal revenue re-
Gruiations, which viii keep treasury de-
spartment ofacials busy for many
months In adjusting sdministrative at
fairs. and which Will have an impor-
tant ibea ring on Ill trade deveiopments
Of the country for the next year or two.
q. Differ Only On Cotton.
No Differences on the tariff bill re-
- ko oof<1oH IN rnY1 OroQQ when
the two houses met at noon, except
the cQtA.e. :.dtures question. The sen
ate Mad receded last night from the
5CMrke amendment designed to prevent
gambling in futures and Democratic
Ilkader Underwood was confident that
/fhe house would today recede from It's
own amendment known as the Smith
Lever compromise. :,
Whilesthe latter amendment had the
endorsement of President Wilson, the
pfesident had made 1t clear that he
did not think the regulation OF cotton
futures trading was an essential part
Of tariff bill and that he would not
object to having fhe entire matter
dropped out and taken up later In q
separate bill:
The tariff conference report, COM
nleted by the senate last night, was
ready for submission to the house as
soon as that body met. 1t was expect
cd 1t would be acted on and the tarih
Bill sent to the president before the
end of the afternoon.
Arrange Ceremonies.
President Wilson after conference
with administration leaders early to-
day planned to sign the tariff bill at
9 O'Clock tonight Arrangements for
ceremonies to attend the Anal act In
the prolonged tariff legislation were
made by the president as soon as 1t
seemed assured that the measure
would reach him some time today.
Invited by the president to witness
the signing Of the measure were
Chairman Underwood and members OF
the ways and means committee; Chair
man Simmons and members Of the
finance committee; Vice President
Marshall President Pro Tempore Clark
and Majority Leader Kern Of the sen.
ate: Speaker Clark, members Of the
cabinet and newspapers correspond.
ents.
Wilson 10 Eager.
President Wilson looked forward
with eagerness to the moment when
the engrossed bill, the fruits of many
months Of endeavor to enact tariff re-
form In accordance with the declara-
tion that the party platform, would be