The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-01
Goes Through House,
and Is Now on Last
Journey to Senate.
REED, OBJECTING,
ASKS FOR CAUCUS
Speaker Clark Takes Floor and
Commends Party, Leader I'm
derwood and President Will
son for the Law-Cotton
Futures Tax Now Up
to the Senate.

Washington. September 3o.--The
House tonight on what leaders hoped
would be It's last journey to tho Senate.
After many hours OF debate, the House
adopted the main conference agree
ment on the bill. 254 to 103 almost q
strict party vote, and by this action
gave its Endorsement to everything in
the measure except the cotton futures
tax.
At the end of short but bitter fight
that followed the adoption of the re-
port Representative Underwood car
ried through the Smith Lever cotton
futures tax amendment BY vote of
III to l61. Democrats and Republi-
cans voted on this without regard to
party. Many Southern Democrats
joined in vigorous demand that it be
carried over to another session of Con-
gress.
Cotton Futures Up to Senate.
The cotton futures tax question now
rests entirely with the Senate.
The House concurred In the Clarke
amendment put into the tariff bill by
the Senate, but added the Smith-Lever-
Underwood plan as another amend
ment.
Unless the Senate will accept this
change. which has the Endorsement of
the President. the whole cotton futures.
plan again will have to be considered
in the Joint conference committee and
again reported to both houses for
action.
The conference report Will be called
up In the Senate tomorrow by Chair
man Simmons, of the Finance Commit
tee. unless there are unlocked for de-
velopments. Several Democratic SEN
ators to-day began n demand for a
Democratic caucus TO consider the re-
port before it is taken up in the SEN
ate
Reed Is Directing.
Senator Reed, Missouri, insisted that
unless certain changes were made in
rates 6xef-by the conference commit
tee he might vote against the report
and the tariff bill on its final passage
The cotton futures tax dominated the
days fight in the House. The history
Oh the compromise amendment became
matter of record before the day end
ed Representative Underwood said
President Wilson had given II to him.
Representative Lever added that the
basis of the plan was bill introduced
repeatedly in the Senate by Senator
Ellison ID. Smith, of South Carolina
Three Elements Develop.
Three distinct elements developed
among the Democrats in the cotton
futures fight. One branch, led by Rep
resentative Hardwick, of Georgia, de-
manded that the whole subject be
taken out of the tariff bill and consid-
cred as separate measuer. Another
section, led by Representative Wingo,
Arkansas. insisted that the House
should accept the language of the
Clarke amendment in the Senate Rep
resentative Underwood headed support
ers OF the compromise plan Under its
terms the cotton futures tax would be
nominal on actual trades, but all con-
tracts would have TO specify govern
ment grades of cotton and trading
would be closely regulated.
Tariff Bill Is Praised.
The tariff bill came in for warm
praise from all Democrats. Represent
ative Underwood declared it's average
rates were lower than either the House
or Senate originally had contemplated
He insisted there would be little halt
TO business progress or prosperity.
Speaker Clark took the floor in the
last moments before the vote to con-
graduate the President, Representative
Underwood and the Democratic party
in general upon the success of the
tariff program.
The Underwood tariff bill will, in
my Judgment. prove to be the best
tariff bill ever passed in this country
Mr. Underwood admitted that he
personally would have preferred to
have the cotton futures question dealt
with separately but said the compro-
mise amendment would be greatly pre-
ferable to the Clarke amendment, be-
cause the former would regulate cot
ton exchanges while the latter simply
tried to tax gambling in futures out
Petition for Caucus.
petition urging a tariff caucus to-
morrow morning circulated by Senator
Reed and signed by number of Demo-
Continued on Ninth Page.)