Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-07-31

energy and enterprise Of the COM
immunity generally 1t has accrued
through the sweat of the brow of 9TH
ers, and without toll on the part Of
those who enjoy it. 1t is the offspring
of our existing institutions, of our land
n Of our Government, and from its
ample store-house a reasonable share
should be contributed for the support
of the government.
The income tax amendment to the
Constitution yconfers the power upon
Congress to impose upon property it's
just share of the general burdens of
taxation, and the authors of this sec
ton of the bill in it's original and
amended form have not hesitated to
use this power, not only to supply any
deficiency in the revenue resulting
from the reductions in consumption
I taxes but they have invoked it as an
effective means of exacting a fair con-
trlbution to governmental needs from
accumulated wealth"
Here Senator Simmons spoke briefly
of the administrative section of the
bill and passed on to a more lengthy
discussion of Specific and ad va1o-
rem rates." and the Inequalities of
specific rates. In conclusion, the
chairman said:
Conclusion.
Your committee had devoted two
months of earnest thought, study and
investigation to consideration of the
bill submitted to them. 1t has at all
times been impressed with the demand
| Of tho -nnnn10 for 70 riff roIiof from
existing tariff conditions and the me-
cessity for prompt action in this be-
half; but we have felt that prudence
and wisdom required that there should
be a most thorough scrutiny and
analysis, and for this reason we have
not hesitated to take the time neces-
sary for a thorough understanding
and study of the changes proposed
and the effect of those changes upon
the business interests of the country,
both as they effect the producer and
the consumer. u
at has been constantly kept in mind
the evils which have resulted from
our existing tariff law in establishing
monopoliess increasing the cost of Iiv-
ing, and imposing unnecessary burdens
upon the people. 1t has also had on
stantly in mind the pledges of the
party now in power and the just x
pectation Of the people with respect
to the fulfllment' of these promises.
ct has given due consideration to
the representations of those interested
in retaining high rates and has duly
considered the argument and facts
upon which they have relied in sup
port of their contention. Like the
Ways and Means committee of the
House, it has rejected many of the
theories upon which these conten-
tons are based, and likewise it has
found many of the contentious upon
which these theories were attempted
to be justified unWarranted by actual
conditions in this country and abroad.
For the reasons given by the Ways
and Means committee of the House.
your committee has rejected the cost
of production theory. The grounds
upon which this. theory was rejected
are so conclusive and sc exclusively
stated in the several reports of the
House committee upon this subject
filed during the years 1911, 1912, and
1913, that it is not deemed necessary
to restate them here.
Following the lead of the Ways
and Means committee, your commit
tee has sought in it's amendments to
the House bill to further carry out and
perfect the theory of establishing a
revenue-producing tariff upon the ba-
sis of competitive rates as a just and
fair Interpretation on the light of
listing conditions of the latest author
itative utterances of the party in pow
er upon that subject now submits the
results of it's labors with the confident
belief that the enactment of the House
bill as amended into law will result
in a more equitable distribution of the
burdens and incidental benefits of our
system of customs taxation; that it
will tend to disintegrate the monoHoz
lies built up under the protective
system, and offer enlarged opportuni-
to individual effort; reduce the cost
of living and relieve the people of
many of the burdens of the unjust,
discretionary and oppressive tariff i'm
posed upon them by the Republican
party at the dictation and in the in
terest of the privileged few who have
for more than a third of a century
dictated the policy and legislation of
that party"