The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-30
MORE RADICAL CUTS
URGEDUPON SENATE
(Continued From First Pare.l

| UKdEUUPUN 9ENA|t
Continued From First Pageo
Aldrich rates can be disposed OF With
out the handicap of the effect of re-
duced tariff rates.
( Change In Dntc Necessary.
| The date upon which the income tax
can be computed for the first year was
/ changed to March l. for the reason
mat the date In the bill. January /.
I 1913, would make the section uncon-
stitutional inasmuch as the income tax
amendment to the Constitution was not
ratified by two thirds OF the States and
proclaimed by the Secretary OF State
until February 20, 1918.
The amendment as to tax cotton fu-
I lures was introduced by Senator Clarke,
OF Arkansas. but the provision as
agreed to by the committee modified
| tho provisions OF the Original amend
rent somewhat. 1t provides that sales
| or agreements to sell cotton for lu-
ture delivery in conformity to the rules
OF cotton exchanges. boards OF trade or
| similar associations shall be subject to
Il tax or one-tenth of l cent Mound
the tax to be refunded In all cases if
! the cotton actually is delivered. The
amendment is designed TO prevent
gambling in cotton futures. The tax
would be paid by affixinB stamps to the
written contract and the amendment
provides the necessary money for Its
enforcement
/ Protests from California wine pro-
duccrs against the committee amend
Inent TO the liquor schedule, calculated
to bring In S7,0o0.000 in annual rcve-
nue., did not move the committee ex-
cept to grant an amendment making
the provision effective January /. 1914.
| Instead OF Immediately after the pas
| sage OF the act. Under this provision,
/ the full revenue tax OF Sl.lo gallon
will be demanded on all brandics used
in terrifying sweet wines. Since 1890
a tax Of only 3 cents n gallon on such
/ brandies has been required.
| Additions TO Free List.
In revising rates referred TO II BY
/ the caucus, the committee voted TO put
! anthony ores on the free list. and
/ reduced from the basket clause of the
/ metal schedule. which carried q duty
/ OF 25 per cent ad valorem. Jute bags.
/ used largely FOR wheat, were reduced
| from IL TO 10 per cent; machine made
! hles from 20 10 20 per cent; wood
| screws made OF steel were made uni
I formly dutiable at % per cent. the
! Senate bill having divided them into
| classes. ranging from 8 to % per cent.
| At IA night session OF the committee.
! the question of fixing a time when the
! free raw wool and wooden manufnc-
lures schedule should be effective. was
| taken up
/ General tariff revision more radical
! In many OF its features than that pro-
/ posed by the Underwood bill. will be
! urged upon the Senate late this week.
when Chairman simmons reports the
| new draft Of what Will hereafter be
! known as the Underwood Simmons
| bill. Heavy reductions from the I'm
! derwood rates. upon many articles of
! household and commercial necessity,
| and a general average almost S per
- H., -,
! vision. Will be recommended for the
approval OF the senate. backed by the
| almost unanimous Endorsement OF the
! Democratic caucus.
! Grinding work by the caucus has
brought tho bill close To completion
| When the final stamp of caucus APP
prevail is placed on the measure, il
| will contain practically all OF the
severe cuts made by the committee,
| and will represent the greatest rcduc-
! ton in tariff rates ever proposed in
| Congress.
! Democratic leaders claim tho party
! ranks will be almost solid behind the
| bill when II is taken UP in The Senate.
and that its passage is assured
| President Wilson's influence. added TO
| that of the radical Democratic ele-
! mcnt has protected all CT the severe
| ~ disputed items. like fee sugar and
| free wool. and the level Of the House
rates has been greatly lowered BY
| cuts in the tax on metals. iron and
steel products. woolcns, chemicals and
/ food products
Success Not Doubted.
! Success for the tariff bill is consid-
| cred so certain in the Senate that plans
! already are being considered for the
! opening up of the currency reform
| fight Many Democrats arc strongly
opposed to action upon currency bill
| ut this session Of Congress. How
| ever, President wilson's influence has
! been poten- factor in drawing I'M
! mediate attention to the new admin
| istration bill, and Senator owen. chair
| man of the Senate Banking and Cur
| rency Committee, said to-day he felt
| sure currency reform legislation would
| pass Congress before the end OF Sep
| TENDER.
| The House Committee on Currency
will begin work on the administration
| bill early this week. The measure will
| be taken up in detail. and efforts
| made to secure an agreement as to
| its provisions, so 1t may be- reported
| back to the House for debate by July
| a. An agreement was made last
| week that no general business would
| be transacted in the House before that
| time, and leaders hope the currency
| measure can he taken up and passed
| before the Senate is through with the
| tariff bill.