Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-05-29
Five Per Cent Discount on
Goods imported in American
Vessels viii Be Eliminated,
Is Belief,
EIGHT NATIONS HAVE
REGISTERED PROTESTS
Foreign Exporters to United
States 0bjectto Provision for
Examination Of Their Books
by Government Agents,

Washington, May 2S.--Congress, in
an probability. VIII yield TO the pro-
tests of foreign nations against the
provision in the Underwood tariff bill
granting five per cent tariff dis
count on imports in American-owned
OF controlled vessels,
That the provision can be elimi-
mated from the bill without harm, and
that congress has no desire to insist
upon legislation that viii be embar-
RAISING TO foreign nations or interfere
with treaty obligations was admitted
today by administration leaders in
charge OF the Lii. President Wilson
Is said 10 have intimatcd that he
would not object to having the clause
eliminated.
This action, II was reported, would
Do recommended by the senate lin
ance subcommittee which IS consid-
cring the administrative features of
the bin. The subcommittee also Will
seek to modify another clause which
eonpels foreign merchants to submit
their books 10 an American agent in
case Of disputed valuations ana pro-
vides as a penalty for refusal That the
goods be excluded from entry.
Germany France and England have
nlnde strong protests against THIS
clause.
Two important conferences We're
held today on the foreign protests
one was between senator simmons
chairman Of the finance committee,
and Secretary OF state Bryan. The
other conferecs were senator Will
liams and Shiycly. Of the finance
committee, and Representative Peters
Of Massachusetts. who had charge OF
the administrative section Of the tar
iff bill for tho house ways and means
committee.
II was reported that the state de-
partmeni held it to be unquestionable
that the five per cent debenture
clause violated foreign treaties. Pro-
tests against the clause from eight
nations were read.
II was generally expected tonight
that the house would yield to sem
ate amendment striking out the
clause
Several democratic leaders were
emphatic in declaring that the COM
mttee would make no changes in raw
wool or sugar The fight to change
them viii be made in the caucus, put
the present prospect Is that the ad-
ministmlion forces will not Nicld
there 4 report that the rates on
wooden manufactures would be in
creased was denied by Senator Sim
mons
In response to a request from SEN
ator williams, Lincoln X. Passmore'
Of the PENNSYLVANIA Mutual Life IN
surance company. presented statistics
today to establish the contention that
his company is entirely mutual ana
nat all It's funds are exclusively dl-
Verted TO the interest of the mem
bership. MIR. Passmore declared the
proposed act Disseminated against
Mutual Life Insurance companies.
Representative Hun, Of Tennessee,
author OF the income tax section OF the
bill. was in conference with Senators
Williams and Shively for several
hours, going over the protests which
have been filed Mr.. Hull pointed
out later that the two chief features
OF the section which have been un-
der fire were the clauses fixing the
graduated tax-the surtax upon in
comes over $40, 0,OOO--and the pro-
vision for taxation of dividends Of in
surancc companies.
Both OF these provisions are be-
yond criticism in my opinion" Mr..
HUI said. "The graduated tax has
been approved by the federal judi
ciarv in the New Jersey district court
and the court of appeals sustained
the validity Of such graduated tax
plans"
THE senate committee, however
viii study the insurance feature OF the
bill very thoroughly and some mem
bers are reported not to be satlsiieu
with its provisions as affecting mu-
tual companies.
senator Pittman. of Nevada, ac-
companied by Senator Hughes, Of New
Jersey, called at the White House
today, and told the president he did
not hold the views of his colleague
Senator Newlands, relating TO the
tariff bill. He is counted upon to
support she administration on sugar
and wooL
E-