The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-09-23
mo OCCASION
FOR PANIC"
SO SAYS A CONGRESSMAN
FROM Jew YORK
WAR REVENUE BILL
New Tariff Laws Would Have
Yielded Sufficient Revenue Had
There Been No War Scare
WAR REVENUE BILL
(By Associated Press.l

Washington, Sept. go. Early dispo-
sition in the house OF the war reve-
nue. bill TO raise approximately $1O5,-
100000 was forcasted when the Ma
jority Leader Underwood announced
that 1t would bs brought tip Thursday
under rule limiting debate to four
hours
Republican members In the brief
time to be allotted them will attack
the measure along lifies suggested to-
day In minority report filed by Rep
I resentative Payne OF New York, pro-
testing that there was mo occasion
for panic, hasty action. or heedlong
action to heap heavier burdens upon
, the people" The Democrats were
charged with extravaganza. Failure
of the new tariff to meet expectations
Of its farmers also was claimed.
The majority report of the ways and
means committee declared that the
new tariff laws and other sources OF
revenue would have yielded sufficient
government revenue had it not been
for the European war.
Prospects for early passage OF the
bill when 1t reaches the senate, ad-
minfstration leaders said tonight, did
sem more favorable in view OF the ca
pitulation of the democrats in the riv-
ers and harbors fight. Republicans
senator's propose, however, to debate 1t
thoroughly.
"The great nations of Europe" the
majority report says. "have gone to q
paper basis and gold has gone, to a
premium. International exchange has
been interrupted and must be estab-
Itshed~ on q new--basis~-r-- The usual
course OF the exports. abroad that
we have expected to return gold to
this country within the next few
months mas been interrupted ami in
terferred with, bringing a more or less
demoraiized condition OF business in
our own country and has placed q tre-
mendous strain on our banking facil-
itles. 1t Is therefore deemed un-
wise at this time to withdraw govern
ment FUNDS from the banks because
1t would necessitate the banks reduc-
ing their credits, embarass the crop
movement, reduce the treasury balance
10 the minimum and probably bring
disastrous conditions to our people.
II therefore seems wisdom fo,
congress- at this time to levy a tax to
take care OF the deficit i'm our customs
revenue brought about by the condi-
lions over which our government and
our peple have no control"
The report cited treasury figures In
an argument that the necessity of the
LEGISLATION cannot be traced to the tar
IN laws. 1t is estimated that the spec
ial taxes on bankers, brokers, pawn
brokers, commercial brokers, customs
house brokers, proprietors of theatres,
museums and concert halls in citidl, of
more than $4,000 population, proprie-
TOT OF cfrcuses and other public exhi-
bitiors and shows. bowling allies and
billiard rooms would produce an ag-
gregate of $i0,000,000 during the first
IL months the law was In effect.
Motion picture shows which are
scattered In almost every hamlet in
the country. would be taxed $10O un-
der the head OF proprietors of thea
tres. etc, in cities OF $4,000. accord
Ing to members of the committee to-
day.