Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-04
Average Likely to Be Lower
Than Provided in Measure
as It Passed House.
READY FOR THE CAUCUS
PROBABLY NEXT WEEK
Efforts Being Made to Modify In
quisitorial Provisions of the
Underwood Bill.

contrary to expectation and prece-
dent. the tariff bill. when it comes
from the democratic majority OF the
Senate. promises to carry lower rates
than when IT passed the House
FINANCE subcommittee are nearly
through with their prolonged task of
readjustng schedules. and members
are unanimous in their statements that
the margin of readjustment has been
downward
Some increases in the rates on cotton
yarns and more expensive textile fab
RIGS. such as tapestries. have been
agreed on. hut in the chemical. metal.
agricultural and sundries schedules
Practically all the revision has been
for decreases. and the free list will be
considerably enlarged.
No general average of rates as COM
pared with the Underwood bill has yet
been struck. but that will be done after
the entire finance committee has passed
upon the bill. and it seems certain TO
show a decrease.
Nav Finish This Week
All the subcommittee expect to finish
their work this week. The finance COM
mittee will meet next week. and it may
be possible to submit the bill to the demo-
cratic caucus before June II.
To meet the views of President Will
son, Senator Simmons. chairman Of the
finance committee and other democratic
leaders the subcommittee of the finance
committee in charge of the agricultural
schedule reversed its decision to tax
meats at IN per cent compensatory TO a
duty on cattle in the Underwood bill, and
to place a compensatory duty on both
,h<<~ 1919 =
placed both cattle and wheat on the free
list.
The Williams subcommittee is trying to
work out a modification of the 1nqulsi-
torial clause of the Underwood bill, which
aroused foreign protest. plan is be-
ing discussed to combine portion of this
provision with the amendment proposed
giving the Secretary of the Treasury a
right to proclaim values.
Strong protest is being made against
the duty on raw or undressed furs In the
Underwood bill Hitherto these fLrs have
been on the free list
To Amend Income Tax.
1t is reported that the subcommittee
considering the income tax has practi-
cally decided to amend the bill so as to
give genuine mutual life insurance COM
panies exemption.
committee, the mutual life insurance
companies would have the tax assessed
against them and then might have an
opportunity to show that their business
was wholly mutual and not conducted for
profit.
Automobiles costing not more than
5000. II was learned, will be taxed ~
per cent ad valorem instead of 45 per
cent. as in the Underwood bill. This will
be In the report of Senator Stones sub
committee, which considered the metal
schedule. and other members of the
finance committee have said 1T would be
adopted. In the meeting of the full
committee another amendment may be
adopted to decrease further the tax on
automobiles costing less than $1,000. All
automobiles costing more than 5000 the
subcommittee graded as luxurieS, and on
them the 40 per cent rate will be re-
tanned Cars worth $1,000 or less the
subcommittee classed as necessities.