The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-07-16
6iikfs fsBRiNsuts SENATE
FINANCE COMMITTEE REPORTS
4 MEASURE 10 UPPER
y HOUSE. -.
croste Begins Wednesday-Mc-
. Cumber Will Open Attack Before
I That Time. Democrats Stand
solidly, Behind the Committee.

ties and It's altered principle of nd
yslorem Instead of specific rates, will
aetsslly begin In the senate next
"Wednesday at noon. On Monday.
however. the opening assault upon
the Democratic measure will be made
| by Senator McCumber of North Da-
kota. who gave notice he would
speak on the agricultural schedule.
The finance committee agreed that
he should speak ahead Of the formal
ppening because he is called away
from Washington Monday night. After
the finance committee had ordered
the bill reported early today. minor
ny members Of the committee began
90 plan their reports. There probably
wall be two by. Senators Penrose,
sneot. Lodge. McCumber. Ciailinger
and Clark. and a separate report 10y
Senator La Toilette. who has had q
Grips Of experts. at. work on the bill
and who will have amendments that
will constitute practically an entire
new bill.
Senator smoot has In preparation
m entire new wool schedule which
be Intends to submit as an amend
ment Wednesday. Chairman Sim
mons Of the finance committee will
n'e the majority report Wednesday
and Will make the orcninS argument
for the Democrats and tn, admins
Itration. During consideration of the
meesure Senator Simmons will have
ssnsral charge of tae debate for the
Democrats and Senator Penrose for
the Republicans. Senator Simmons
however. will give charge of certain
portions OF the bill to the various
Democrats of the finance committee.
n<eslowsog the plan adopted by Mr..
Underwood In the house.
- The bill as reported to the senate
contained comparatively few changes
from that which was reported three
weeks ago to the Democratic caucus
bv, the finsnce committee majority.
Among these were few changes
I'm rateg and the free listing of anti
monv ore, blankets costing iess than
30 cenu' q pound, cast iron pipes Of
every DISRUPTION. raw furs gunpow-
deE and frw other commodities.
An amendment made necessary be /
cause OF changing the date from
January 4, 1s13 to March 1, 1913,
from incomes shall be computed for
the Income tax for the first year. pro-
vides that the excise corporation tax
OF per cent shall be collected for
the months OF January and February.
1914.
The cotton future stamp tax of
lilo OF cent per pound Is inserted
Msns bill as a special section and
upon this tax II Is expected that the
soyernment will derive some revenue.
aa Its most ssnguine supporters do
not expect that the tax will entirely
eliminate stock gambling In cotton
futures.
10 the finance committee meeting
thsre was informal discussion over
the length OF time the bill will re-
auire In the senate. When Chairman
simmons. speaking for the Demo
Gratis. said he thought the debate
could be concluded In five weeks,
Senator Smoot. OF the majority,
agreed with him. declaring that the
Republicans had no intention Of pur-
poseiy prolonging the discussion.
Today. three months and four days
after the special session began.
Chairman simmons OF the finance
committee. was AUTHORIZE to report
the Underwood Simmons tariff bill
The measure was passed upon In
.eommittse by a strict party vote. Re-
pablicans voting against II.
As u goes to the senate. the bill re-
tains the principal provisions OF the
house measure and those particularly
advocated by President Wilson. free
raw wool and a provision that sugar
shall be free May 4, 1915. II Is
much lower rate tariff bill than the
house bill by nearly 10 per cent, the
senate finance committee majority
and the caucus having greatly ex-
tended the already liberal free list
and rduced many rates. notably In
the metal. wool and agricultural
schedules.
The Underwood bill passed the
house May 8 and for two months II
has been under careful scrutiny by
the finance committee majority.
which made many changes and final
" by the caucus which deliberated
on the measure for more than two
weeks. Sweeping changes were made
In tho administrative features and
the income tax. The base of excmp-
ton for incomes over $4,000. for