Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-06-22
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fnr MORNING Journal SPECIAL tFAsUD whsl
Washington, June 21.--'rhe Under
VoOd-Simmons tariff revision bill as
agreed upon by the democrats of the
senate committees went through a
full days session of the senate demo
cratic caucus today with practically
no change, and with harmonious sup
port for most of the alterations the
finance committee members had
made IN the original Underwood bill.
The tariff duties on chemicals, oils
and paints, on earthenware and glass
ware, and on two-thirds Of the articles
comprised in the metal and machin-
cry schedule, had been disposed OF
when the caucus adjourned late this
afternoon. Democratic members Of
the finance committee met tonight TO
finish re-drafting the income tax sec
tion Of the bill.
The committees report putting ce-
ment on the free list. was sustained
after some debate. The proposed du-
ties on flaming arc light carbons, on
stained glass, and on lleld glasses, Op
teal and surgical Instruments ana
Photographic lenses came in for crti
cism and were referred back to the
democrats Of the finance committee.
Cheap automobiles as neccssaries
Of business and farming life were the
subject of much of the debate The
finance committee democrats had al
ready cut the rates of the Underwood
pill from As per cent ad valorom to
30 per cent on motor cars valued at
less than $500 Several democratic
senator's urged a further cut and rec
ommended that the tariff be only 10
or Is per cent on machines valued at
less than $1,000
The caucus did not settle the au-
tomobile controversy but asked Chair
man Simmons and his colleagues ON
The finance committee to investigate
further.
Harmony was predicted by the
democratic leaders today after the
caucus broke up. None Of the bitter
ly fought sections of the bill had been
reached, and no effort had been made
thus far to assert tie binding author
ity Of the party caucus upon the in
diFidual members.
Senator Kern. the party leader,
said the caucus would bind all It's
members upon all features of the bill
except where they had made pledges
10 their constituents or felt that they
could not cOnscientiouslv abide by the
action Of the majority
Caucus consideration of the bill viii
ne resumed Monday and it is believed
the measure will be ready for pres
entatlon to the senate Thursday or
Friday The tax provision Will not be
gwen to the caucus until the commit
lee Is able to furnish the estimates
peng prepared by the commissioner
Vi corporations, as to the revenue the
income tax would bring in If $4,000
incomes were included within its tax
ing provisions
The democrats Of the senate fl
nance committee completed all worl,
on the income tax and administrative
features of the tariff I'LL late to-
night. The revised draft will be sent
20 the printers tomorrow and viii be
submitted TO the democratic caucus
on Monday. The basis of $4,000 as
the minimum income upon which an
unmarried man must pay a tax, Was
aelalned by the committee tonight.
ms reduction from the S4 600 mini
mum Of the Underwood bill was
agreed upon several days ago,
ne committee changed many pro-
visions affecting municipal bonds, mu-
'ual Insurance companies and ex-
snpting chambers Of commerce from
lhe operation of the tax
Chairman simmons said tonight the
income tax proviso had been re-
Nlitten in many important features,
Ivy members of the committee de-
eiined to give out synopsis of the
ehdnge until the report IL prepared
iof the caucus
IN expressing its ideas as to the es-
aolisnment Of central bank the
commission. while not declaring for
me creation of an institution si.nilar
y the great central banks of the prin-