Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1916-09-07
STAMP TAX OUT
OF REVENUE BILL
Conferees Likely TO Increase
Net Profit Impost on
Munition Makers
RETALIATION
BILL IS FAVORED


revenue bill, seriously objected to
by the House, was agreed upon late
last night by the conference committee
of the House and Senate, the House con-
ferecs yielding in exchange for this con
cession their demand for restoration OF
tax on refnors of copper.
To make M for the loss Of about So
100000 revenue in sacrificing the stamp
taxes the conferees are expected 10
agree TO a suggestion of House mem-
hers that the net profit tax Of manutac-
tures of munitions of war be increased
from 10 30 70 p per cent.
Sacrifice of the proposed stamp taxes
oct. the revenue bill back in accord with
the original determination OF the sd
rninistration leaders and the House ways
and means committee TO repeal all ui
the provisions in the existing war reve-
nue. law which were generally regarded
as annovances by the public. The pro
nosed stamp taxes. now eliminated, IN
cmded bonds. debentmres and certificates
~ stock. agreement to sale, conveyances,
warehouse and custom house receipts,
foreign steamship tickets and Pullman
car tickets.
At midnight the conference was re-
norted 10 be in practical agreement on
All vital provisions of the BILL although
n was declared that working out of de-
tails If report could not be concluded
until some time tomorrow. The COM
mittee prepared TO work through most
Of the night
The proposed license tax on corpor-
alton stock: increases in the duty on
dvestuffs. increase in the income and
inheritance taxes. and the provisions
creating a tariff commission all were
approved. .ooo
a continuing appropriation Of $500
oon wear for the Tariff Commission
however. was said TO have been
stricken out. The conference also re-
norted To have under consideration
changes in the proposed taxes on vine
Adiourns NJ Midnight
The conference adjourned at MID
night 10 meet again at o'clock TINS
morning. Several important matters
were said TO be still in dispute and
thai all agreements thus far made
would be held as tentative, dependent
unor what final decisions were MADE
IN matters yet to be determined. rms
n was reported. would include the re-
vision of the stamp taxes and all
other sections Of the bill.
n was announced that some OF the
tTcuse members were considering re-
ferrine one or two matters back To-
the House before final agreement could
he reached. This was not definite,
hov owe aud was TO be determined
40 r., enc conferees met early this
morning
A-o,,i.rr Of the committee we're sat
isGc. with the progress made and
nr,d,te6 that full agreement prob |
si,o would be reached today.
Give To Fight on Retaliation.
Consideration Of the Senate amend |
ments 10 the revenue bill empowering |
the President to retaliate against Brit |
ish interference with American trade |
and American mails we're discussed !
informally by the conferees yester-
day. There was no disposition to |
eliminate any Of the provisions which !
have aroused diplomatic representa- |
tives Of the allied Powers in Wash |
ineton. but II was stated that one OF
the amendments might be revised. !
None of the conferees would indicate |
what change was contemplated.
There were reports during the day
that some representatives opposed TO
retaliation features would demand a
quorum Of the House TO approve them.
This was denied later. however, and
Representative Gardner. OF Massachu-
sets leader of the opposition. stated
that he would not demand quorum
unless assured that he could defeat
the amendments by such a step. or
this he had no hope.
Adjournment Delayed.
Plans Of administration leaders to
adjourn Congress tonight were aban-
doned when the conference commit
tee on the emergency revenue bill in
dictated that II could not reach an
agreement until some time today.
But the revenue bill is not all that
Is delaying adjournment In the Sen
ate a flihuster has developed against
the passage of the corrupt practices
act and various Senators are clamor-
ing for consideration Of minor bills.
The general deficiency bill still is be-
ing held up in conference until a re-
port on the revenue measure has been
made. and in addition 10 these OBJ
stacles, leaders of both houses ex-
pect that general debate on the reve-
nue bill conference report will occupy
many hours.
Senator Kern. the majority leader
said after reviewing the situation
that he did not look for adjournment
before Saturday. Some Of his col
leagues, however insisted that moth
ing could hold Congress later than
Friday night IL the revenue bill was
disposed Of by that time.
Income Tax Stumbling Block.
After an all-day discussion of the
revenue bill the conferees had not
completed consideration OF amend
ments TO the income tax section when
they adjourned for dinner Admins
tratiye features of the income tax pro-
visions were the stumbling block.
They had settled the rates of taxa
ton. however. and agreed finally that
the normal tax on incomes should be
? per cent. and that the Senate amend
menfs increasing the sur-taxes on
large incomes should be retained in
The bill
Elimination Of all stamp taxes in
the emergency revenue bill, seriously
objected to by the House. was agreed
upon late tonight by the conference
committee, House ccnferees yielding
IN exchange for this concession their
iemand for restoration of a tax on
refners Of copper.
AID SOCIETY ELECTION.