The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-05-24
frauds in the importation " sugar The


speech promises 'o h sensational
senator Walsh " Montana. whose at
'iiude hH~ been moro or less in doubt
has tssucd u public statement to the
Democrats of his state in which he re-
srnjs tho attempt 30 "pllory" Demo-
cratic senator's who insist on a duty on
wool and sugar Heretofore the Mon
iana senator has stood for revenue
duty IN wool His attitude on sugar
vas not 60 clear
His announcement indicates there is
On understanding between advocates of
duty on sugar and those who are In e.
s.stnc on duty on wool Senator
Walsh some days ago notified the Demo-
cratic members Of the Finance Com
rtlttec that II an amendment were
offered in tho Senate to put duty on
wool he would support 1t regardless Of
tho action Of tho Democratic Senate
caucus His latest expression indicates
that he will also support an amcndmen,
putting a duty on sugar.
II is tho understanding that senator
Eewlandss attitude * the same as Mr.
Walsh~. and that probably Senator
Thomas ~ Kansas will take a like stand
but with senator Walsh alone and the
Republicans. the vote will be- a tic in the
Senate on the question of \ duty on
wool and sugar
tnromc Tns Feature.
few minor changes probably viii be
made IN so much Of the Underwood
'sriT bill as relates to the income tax.
Generally, however. this feature of the
Nill is likely to remain IN the form that
y PASSED the House.
The subcommittee. composed of Sena-
tors Williams. Shivcly and Gore of the
Senate Finance Committee which has
The income tax matter in charge, has
not Vet taken II up for tho purpose of
finally passing on il, There have been
several hearings and the protests filed
are practically the same as were made,
before tho House Committee on Ways
and Means Representations as to
double taxation" apparently hay. not
appealed very strongly to the suh-com-
mittee
IL Is not correct to say that the sub
committee will report the income tax
provision in the Underwood hill without
. change" said Chairman Williams of
the subcommittee to-day. nor would II
no safc tn assume thaj ". will change
II"
Senator Williams int!ma;ed that there
mny he some minor changes and Sena-
TOR Shively, another member If the sub
committee. said that some very strong
representations had been mad, on b.-
Nalf of tho mutual insurance companies
in regard 10 the effect the tan might
have on policy holders
Double Taxation Cr..
1t was evident that Senator Sh.v.lv
was no, ready To- max. "A defini,, state.
ment Of what the ub-commi,t.e may
do senator Williams said tha, all In.
talk about double taxation on holding
companies met with little respons. from
himself
tn" Senator pointed uut that many
~ the steam railroads and street rail
roads objected strongly To- the feature
~ the iii which permits the taxing Of
So much of tn" outstanding bonded
debts of such corporations as exceeds
the!r capital stock.
The Brooklyn Rapid Transit and the
In'"rhorouch IN their protests repeat
suhs' 'dntldllr the sam" arguments made
!" their briefs submitted before the
Ways and Means Committee.
INC Interhprough l.-S also laid much
s'T"ss on tho fact that under its form
of Isaac from the Eoulds IL will have
~ guarantee per cent return. free
from taxation. and that such a contract
',ill operate To shift the burden Of the
income tax from the Gould. 20 the
lessees
Chairman Williams expressed sur
nrls" iha' there had been so little pro-
test against tho income tax as a mat
Ter "f general polic", The protests. he
explained. We're directed against certain
f'+turcs ~ tho provision and not
hCa'n'' N" Incom" tax principle.
HcRrinR- ON the mn,
Hearings continued to-day on the
tariff bill before tn. three sub-com-
ni''oos Of the Democratic members ~
the senate Finance Committee. Henry
7. oXnard pleaded with Senator Will
iains subcommittee for a duty on
sugar. speaking from the viewpoint of
one OF tho largest investors in heot
sugar products
William Whitman of Boston appeared
before Senator stones committee and
urged an increase in the duty on manu-
featured wool'ens and a restoration OF
the duty on wool.
He was accompanied by julius r'orst-
mann, president of the Forstmann 4
HUFFMAN company If Passaic ~ J. Mr.
Fors'mann, who was introduced TO the
snh-com1nt'"e as a former member Of
the Imperial German Tariff Commits
sion, urged the subcommittee to post
none free wool for ninety DAYS from
the dat" If the passage Of the tariff
act and To allow six month POSTPONE
nents of th" reductions on woolien man
ufartures.
Speaking from the viewpoint of q
manufacturer and one familiar with i'm.
por'ations. Mr., Forstmann declared that
these extensions Of time were necessary
TO prevent a serious arrangement Of
the markets.
William Whitman proved an
Interesting witness Senator James
tried to persuade him that the woollen
manufactures would he benefited by
free raw wool. but Mr.. Whitman in
sisted that the immediate results would
b. bad on the manufacturers.
Unequal Competition.
He explained that they had laid in
supply Of wool which was bought
AZ "A price allowing FOR the duty aud