Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-04-06

the president and the senate leaders
to give some protection to both Indus
tries. This danger has worried the
senate committee for some time, but It
was claimed today that the influence
of President Wilson and the demand
that all democrats abide by the ma
iority decision OF the party would
force an but one or two senators into
"a final acceptance Of the proposed re-
vision
The sugar forces. led by Senator
Ransdell and Representative nrous-
sard Of Louisiana. were in conference
with other senators ana members OF
the house during the day The presl-
dents proposal of a one cent duty
with free sugar in three years, had
been submitted 70 the Sugar Growers
associations OF the south and IL was
determined TO give no answer TO the
president until the sugar growers had
been heard from.
Tonight Representative Rroussard
received a message from the Ameri-
can Sugar Growers association stat
ing that the presidents proposal had
been discussed by the association at a
meeting In New Orleans today and it
was unanimously agreed that duty
Of one cent a pound for three years
and free sugar after that time would
not be acceptable. This information
Will be communicated 20 the presi-
dent
The ways and means committee.
having completed the tariff bill. adj
iourned until Monday. leaving the
sugar schedule open, approved In two
ways. The committee voted Tor free
sugar flatly; and also for the sug-
gested alternative of one cent pound
for three years, to be followed by free
trade.
Two schedules We're drafted, the
committee leaving il 20 Chairman
Underwood to incorporate in the bill
the schedule finally approved by the
president If no agreement can be
reached by way Of compromise with
the anti-free sugar senators. It was
indicated that the tariff bill would be
introduced any way, probably with
sugar on the free list.
Tomorrow the senate finance COM
mittee win meet to 80 over schedules
as drafted by the ways and means
committee. BY that time a definite
understanding on the sugar schedule
is expected. Monday Chairman Under.
wood will introduce the bill and the
house democrats have been called to
consider it in caucus on Tuesday
morning At that time the question Of
procedure will he considered, whether
the bill. including the income tax, be
taken as a whole or schedule by
schedule The prevalent opinion is that
the entire tariff will be considered as
one measure.
Chairman Underwood said tonight
he planned to have his report on the
bill ready for the caucus, called ty
representative Palmer. Of Pennsyleu-
nia the caucus chairman. This report
viii contain complete analysis cf
the 5in and is to be accompanied by
handbook showing comparative
rates With the Payne-Aldrieh ana 9th
er tariff laws.
The bill, it is estimated. will result
in loss in revenue Of from $50,
600 to SS5, 200. 900 as compared with
the Payne -Aldrich law The saving to
the people II is estimated by the DEM
ocrauc experts. will aggregate several
times this loss.
The income tax provision, from
which the loss Of tariff revenue is eX-
pected to be recovered has been
thoroughly planned. Though the ex-
empton on this is placed at S4,0oh,
it was said tonight that should the
compromise plan for three Years Il
reduced rate on raw sugar prevails,
the personal income exemption might
be raised to $4,000. The $4,000 ex-
emption, it is understood. was deter
mined upon with the view Of Dlecire
sugar on the free list @h'ch alone
would cut off S52.000,01e in revenue.
Chairman Underwood waited uniil
late today for word from members
of the senate fnancs committee or
the president but nono came. Ile Will
be on hand tomorrow t. naar from
them. and momhers of tha ways aud
means committee viii be subject 70
call should meeting be necessary
Among the presidents ca'lcts TO
consider the ar f tolay we're Senator
Kern, the mai ,ri'Y leader, ~ sent
tor Thompson II Kaasls. cel'ga-
ton Of Hawaiiaa7 led by their dele
gate in congress. also cailee 10 pro-
test against free sugur
The new tariff revision is expected,
by democratic leaders, 70 prodGce Al
annual revenue Of S225,Q00,OOO IRON
the dutiable schedule and approx
mately 100000 900 more from the
income tax. allowing for free sugar.
There is an alternative proposition
ready to clamp into the income Lea
ture of the bill at the ways and means
committee meeting on Monday, II 1t Is
found necessary to raise more revenue
from the income tax 20 make up any
depletion in the tariff reYerue mat
might result from whaseNer agree
ment is reached on sugsf. Inls IL
ternative is the substitution OF II
per cent on that part Of the in ;ome
scheme taxing incomes between $4'-
600 and $40, 900, instead Of the plys-
ent proposed rate Of 1 per cent The
other parts Of the income TAX pan
would stand unchanged.
The committee majority have peen
proceeding on the assumption nat
is necessary for the government 10
raise an annual revenue Of at least
100000, 600 or 100000 NHile
the new tariff law will take effect
AT midnight on the date Of aHpreNal.