Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-09-30


Washington, Sept. 30.--.Tha ratpn
OF the tarln BIN AZ Il cosaor Aaee A.
."e honfe TOR approval pFopaso b
.v"ef taxation tnan assy larin bin 10
the last threc~quarters of a cenfnyxt
~" ,iepreacniatite Underwood. Dem.
oefaiic leader Of the house. in thd
epehins speech to-day IN support ID
bill
'rhe bill a. h is now befora ,hs
mouse y lower IN its rates than eIlher
we oiit mat PASSED the noune Or tha
phi thHt passrd the senate, Tor tbs
nop"e eonfcrees accepted an but three
or ipuF or the reanctIona made by tha
senate. whlle the senate rneeded from
over one-hah of ils increases.
This tnrl1 bill with itn ae nos
ssn' evernse. II pimppt A. low a. khn
Former walker tarln which haa low
duties on liquor ana tobacco. bealdt.
its reductions on articles of renoraf
use' this bill places many of the neces<
sities OF life on the free Hat. or gives
them very low rates 81 tarin."
Mr. underwoods rlatement wna
grceted with Applause from tfo rtct,-
ocratic side Of the holne. In contrast
Win she hvernge tarin of 80 per cent
ad Nulorom in the undorwood-sln
mons blli he said tho oxistinr pnvn~
law has an average OF over 60 per
cent ana The Wilson BIN passed bv
the last Democratic adminirtratios
'@o an aFsraee Of over 80 per cent.
The revenues under the new law.
Mt. Underwood said. would ,.i.,a =
surplus 0f $4,000 600 over oaa9mafoa
government expenditures IN 1915. IA
gave the house the treasury exparasa
figures. made public yesterday. shove
ing that the total government revenue
In 1918 would Do sa.0ae. o0o. Coz. ex-
penditures Si,O0s. 900. 900. anrpina
$4,000. GEO.
After three years ~ battle. toaav
the bem"eratic party Ia prepared TO
keep ~ pledses 10 the American p.o-
plo.' continued Mr. Underwood ..Vo
matter what criticisms our adversar-
lcs may have 81 this hill no rnnltee
whether they believe & wise or work.
able M man can deny that the rep
rcsentatives of the American ueop7o
constituting thc Dem0cratic party in
congress have kept every pledge MAD
Tour wears ago and two years Rs0 m
reference % the reduction OF taelfe
taxation
~ do not believe there Is any ean-
Eer ot this sarin working an lnjury
Ga the great producing interests of
the United states They Save N me
past been surrounded by artiAclal oon-
diuons This bin VIII forts shem "a
modify and change these artlnelng
conditions. q bring theiT business
down 90 safe and sound level
But { believe the country has not
waited for this bill 10 accomplish tho
readiuslment of business seelne the
inevitable change of faFlH. bHsinesH
Interests already have prepared for
tho situation.
when this law is passed industry
nnd finance IN the United states afll
move onward. / believe an era OF
prosperity and prosress is ahoad
~ as
"if 80 does come. and my expccia-
lions are roalIzed. the hsii will mark
tho end On this country of the nrlnr
cinle of protective tafin Tor porshnal
greed"
Mr. Underwood was greeted with
pfolouged applause from the Demos
Gratis when he concluded He WAS fni.
lowed by nepreseniafive fnyne ne4
puhlicnn, author % the existing iarln
law and leader Of TIE Republican con.
ferees on the underwooo-slmmons
bin
Mr PAYNE declared tho Democrats
had overeatlmaled the revenues that
would De collected under tho new hlll
You hayc proparod YOUR GUESS on
the basls that the present -prnspnriip
VIII continue mld Afr Payne. "bu0
YOU are ail trembling noW foF fear 81
Wiil not"
Mr. Payne Declared American Nnms
mesce and Industry had dop4laNaN
greatly under ihe RenVhllcan IaMH
and would suner iiuaalrens seiAtft
under the now pemnfralla Mu
Vuder me aavefmqnl for feualt en-
Me conferences repafi iifHu Eepf4
sentative Underwood Nas nllnNtd 81.
control ieo hourF ilme. HfpltteHt
tiys PAYNE, HenUhiItan. 1-t Nenfa