New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-28
FINAL TARIFF REPORT
TO Be MADE TOMORROW
House Leaders Expect Confer
enCe Agreement To Be Adopt
ed by Tuesday Night.
ONLY ONE ITEM DISPUTED
Measure Likely to Pass Both
Houses by End of the Week
After Republican Sen
ators Have Protested.
IRON Tho Trlbrne bureau.

Washington. Sept 27.-The conference
report on the tariff bill Will be presented
an the House on Monday, but action on 1t
Will be deferred until Tuesday Mr.. IN
derwood said to-day that the report wouIo
lie over for tweuty-four hours. Meanwhile
II will have been printed IN The Record
for the information OF the members. who
will be asked 10 vote on It on Tuesday
Mr. Underwood does not expect long
debate iu the House. in fact, his present
intention is 10 force the conference le-
mort 10 a vote before adjournment on
Tuesday night The procedure Will be TO
adoDt thu conference report which re-
cords Al. agreement on every item In the
bill except the Clarke cotton futures tax
amendment. and 20 disagree 20 that
amendment. Mr. Underwood then VIII
offer as substitute for the Clarke
amendment the so-called Lever-Smith
amendment. which the House conferrees
supported in the conference. This amend
rnent. which really originated with POST
master General Burleson and secretary
Houston and which has the White House
o. X. was introduced as bill IN the
House to-dSy by the majority leader so
that printed copies may be available Ce-
fore q vote on Il is taken.
There is practically no doubt that the
House will approve the Lever-smith SUD
stitute. which is far less drastic than the
Clarke amendment and would impose
tax on cotton futures transactions OF ~
cents a hunsred bales. instead OF the So'
tax provided in the Senate amendment
The House substitute. however. provides
for the Standardization OF cotton grades
and also for actual deliveries OF the crane
contracted for in futures transactions
provided the purchaser demands delivery.
II is asserted that the heavy tax ana
drastic restrictions OF the Clarke amend
,nent would almost put the cotton eN-
changes out Of business. while supporters
Of the substitute say It would not prevent
legitimate transactions IN futures.
The House cOnferrees say they nave no
assurance that the Senate will accept the
substitute but they hope for a compro-
mise. II the substitute is not accepted by
the Senate indications are that the entire
cotton tax section will go out OF the bill.
Look for a Surplus.
A surplus OF from 100000 70 N6o0ocN
over current needs OF the government
will be provided by the new tariff law III
the opinion OF Senator Simmons. chair
man OF the Joint conference committee.
EXPERTS from the Treasury Department
who have been keeping up with the con
ference committee during its two weeks
OF labor worked late tonight. perfecung
! a complete estimate Of the revenues the
government VIII receive under the law.
The total had not been completed to-
night. but Democratic leaders were as
sured that there would be no deficiency
b. vote OF 10 70 g the House defeat
ed to-day a resolution offered by Repre-
sentative Austin that when Congress
agreed 10 the conference REPORT on the
tariff bin IL should take q recess until
November 10.
Dissatisfaction in Democratic ranks ana
a determination by certain members OF
the minority 20 have a anal word made
n certain to-day that the report Of the
conferrees on the tariff bill would not be
adopted by the Senate without Ions and
possibly stormy debate.
Senator Pomerene probably Will express
his opposition 10 the action OF the con-
ferrees by moving 10 recommit the re-
mort because OF what he holds 10 be dis
elimination against the Ohio wine grow
ers resulting from the brandy tax Sen
ator Clarke probably will have something
10 saw about the discardlng OF his cotton
tax amendment and the possible substitu-
ton OF the smith-Lever plan OF regulat-
ing trading in cotton. The proponents OF
the latter plan will likewise rally 70 its