Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-16
ORGANIZED OPPOSITION TO Ao
MINIsTRArioN TARIFF BILL
ADOPTS PROGRAM.
DEMOCRATS OF THREE STATES
WORKING IN HARMONY
Claim 70 havs Support Of Fifty Mem.
hsrs-Undsrweed Exprsssss Conf.
dsnes That Committee Bill Will Be
Put Thru With Few Minor Changes
--Miner,ty to as oivsn Hearing.

cent ad valorem duty on raw WOOL
was the slogan OF the organized op-
position to the administration free
wool bill when the democratic caucus
today resumed consideration Of the
new tariff bill.
With southern and New England
democrats still fighting the cotton
rates proposed.-the anti-free wool OPP
ponents were planning their attack on
schedule K. which the caucus expected
70 reach before the close of the day.
At q conference Of democrats from
Ohio, Indiana and West Virginia i.
was determined to stand by their de-
cision to fight for q Is per cent duty
which they claim was the original
judgment Of the ways and means COM
mittee before consultation with Presi-
dent Wilson.
Tho the opposition claims to have
the sympathy Of more than fifty dem
ocratic members. the administration
leaders insist that they can not muster
that number Of votes on an amend
ment to change to bill as presented to
the caucus.
UNDERWOOD Confsoont.
Chairman Underwood, after an early
conference with President Wilson, ex-
pressed confidence that the bill would
be approved by the house caucus with
out important amendment within the
next three or four days.
MI. Underwood declared that while
the democratic majority was strong
enough to put the measure thru the
house in q short time. they would per
NIT tho minority to be fully heard.
.Of course there will be many
amendments from our republican
friends." he said. ''but the bill will pass
the house sJust as approved by the cau-
Gus. or witA- few schanRes.s You can't
write = tariff bill Of 1000 items without
sforgettine to cross q = and dot an :
here and there. Inequalities alwAyA
creep in and these have to be ad-
justed."
Nr. Underwood said he had merely
explained some details to the president
and informed him Of the progress OF
the caucus.
Insured Must Pay Income Tax.
Representative Cordell Hull, OF Ten
nessee. author Of the income tax law
declared today that the complaints OF
life insurance companies against the
provisions Of the law as affecting then
were xroundless One contention Of the
companies Is that dividends declared
by tho companies are not dividends IN
the commercial sense Of the word bu,
are simply refunds Of q portion OF over
charge collected with the annual prem
INN held in trust and. at stated periods
eturned to the policy holder.
The ways and means committee con-
tends an exhaustive investigation o.
the books Of insurance companies
shows that in many cases the earnings
OF the companies Of previous invest
ments and holdings are nearly as large
as the amounts annually distributed AZ
dividends. They hold policy holder
q not promised q refund hut partici-
nation in the surplus in the profits anc
the plea that the dividend is refund
/, of the portion Of the premium rather
than a distribution Of the actual sur
plu. Of the company derived from al
sources, is not consistent. On tina
basis. it is held, the insurance com
nanie, are In position to declare
dividends which will conform to tn
mercial definition Of dividends.
Chairman Underwood declared toda!
that no protests against provisions o.
the tariff bill from foreign government.
have been forwarded to the committee
He had heard that such protests hac
h.er fled in the state department.