Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1917-04-12

Washington, April 11.-Assurances that
s2,ooo,0o0oo in certificates of Indebtedness
pass the House quickly and that con-
sideration Of new taxation plans for rails
ing part of the money will begin imme-
diately were given President Wilson and
Secretary McAdoo to-day by congressional
leaders at the Capitol
Introduction in the House of the
revenue bill. authorizing 5000, 900, 900 and
$2,O0O.OO0,OO in certificates of Indebtedness
preceded an unexpected visit of the Presi-
dent to the Capitol by few minutes.
Democratic Leader Kitchin introduced
the measure with favorable report from
the full committee and announced that
debate on it would begin Friday morning
1t Is hoped to pass the bill before Satur-
day night and possibly on Friday.
AMENDMENT DEFEATED.
Various republican committee members
will offer amendments which were defeat
ed in committee, but they have pledged
themselves to vote for the measure what
ever may be the fate Of their proposals.
One by Representative Longworth of Ohio
to exempt estates from inheritance taxes
under the measure is expected to develop
much debate. Secretary McAdoo, after
a conference with Mr.. Kitchin. Represen-
tative Glass and other democratic leaders
expressed the hope 1t would be defeated.
Other proposals expected to be offered in
clude one by Representative Hill of Con-
necticut to raise the interest rate on both
the bond and certificate issues from three
and half per cent. as the bill now pro-
poses, to four per cent. and another by
Representative Sloan of Nebraska to limit
the life of the bonds to 30 years.
principal features of the $1,000. 900. 600
bond issue-the provision that not
more than $4,000. 100000 from the pro-
ceeds shall be used to extend credit to
the allies and the remaining $4,000
100000 applied to expenditures in
Cured in the prosecution of the war
by this country.
TAXATION SERIOUS PROBLEM.
In evolving a new taxation plan for
raising revenue to meet the certificates
of indebtedness. however. the admins
tration leaders realize that they face a
serious problem. Not only will much
trouble be experienced in getting re-
publicans and democrats together. but
| each side is possessed of many differ
| cnt ideas that will be difficult to rec
oncile.
of revenue shall be raised by immed-
date taxation. The generally accepted
! plan has been to divide equally the
cost of the first year of the war rough
| " estimated at from $3.50. 100000 tC
| $4,000. 900, 900 between bonds and taxes
but the President has expressed him
self as desrous of placing as much OF
the burden on the present generation
as possible and some members of Con
gress are advocating the raising OF
| rs per cent of the first year needs b!
| taxation.
| Administration and congressional lead
ers generally are determined that tho
tax shall not be of class character re
gardless of the amount. sHistory, the,
say, shall not designate this as either {
poor or a rich mans war
SUNDRY CIVIL BILL PASSES.
Way for war legislation was cleared il
the Senate tonight with the passage o.
the $155, 100000 sundry civil bill. the las
of the four annual appropriation bill
which failed at the last session of Con
gress AT of the measures have passed
the House and amendments added by tn
Senate will be disposed of quickly in con
ference.
Earlier in the day tho Senate had passe'
the current army bill. carrying sea-, 900, ,00C
and the military academy bill. carryini
about S33.00O0OO, The appropriations il
the army bill were made iinmediatel.
available.