New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-08


war profits provision, which compnn,es
would be paying $4,000 Of taxes an
eaen $lv0,0Oo OF profits, while the
wesIthy Ford Company was payinr onlv
ss;soo on 100000, he asked
.~ny such companies were small and
~, s,.aogs'ing, whereas such concerns ns
s, "1 ora ana Standard Oil were power
tui' wealthy and we'll intrenched. As
10 the war profits plan. Mr.. Kitchin
aEa'n explained that ten days before
mr mcAdoo had reiterated his de-
luahu Tor a war profits tax of so per
cent, and that long before the press
was demanding that the committee
force the "war profit vampires" to dis
gorge large part of their gains, the
committee had voted to adopt both
plans. "''"
Clear Elucidation Of Bill
Mr. Kitchin took up the whole day
WIN explanations Of the meaning Of
aanerent sections of the bill, being
constantly interrupted by questions ~
the twenty-five or thirty members who
shared the empty spaces Of the House
WIN MN. The galleries were full of
women, but shy Of men. The Demo
crauc leader was in good humor.
seemed to be in full command Of his
subject and elucidated the intricacies
OF the bill with the greatest patience
and clarity.
IN answer to one question, he said
sha' the passing OF beers on December
would cost $120,000,00O in direct rev
enue' and probably $2OO,OO0,OOO more
through DECREASED profits and income
revenues. The committee had not
planned on anything to IN the gan.
asked II tariff on tea and coffee
would do 1t, he said that even if those
articles were taxed 10 cents mound
sney would make up only 100000, 900 or
sio,OOO,0O0. Again, he said that ina
committee had considered 2cent
stamp tax on bank checks, but had de-
clded against it because it would tend
to reduce deposits.
Old Cider Barrel Untouched
Mr.. kitchin assured "Uncle Joen
cannon, III answer TO solicitous
question that there was nothing in tho
Dill to Interfere with the rural indoor
sport OF leaving & barrel of cider to
i's own devices for period and then
introducing straws through gimlet
holes for the purpose of extracting the
contents, regardless Of the or S per
cent Of alcohol that might have been
generated
The debate will be resumed Monday
with Mr.. Fordney leading. He SAYS he
Will devote the first half of his speech
TO his objections to the bill and the
last half to an explanation Of why he
supports it,
The Senate Finance Committee at its
revenue bill hearing this morning was
introduced to a Bolshcvik talk by Ben
lamin Marsh, Of New York City, secre-
tary and publicity director of half q
dozen farmers organizations. Mr..
Marsh warned the Senators that if
they did not handle war financing in
the right way they could look for a
revolution when the soldiers had got
through disposing Of autocracy in Eu-
rope. They would finish at home the
Job they began abroad. Letting the
l rlch off with light taxes and permit.
ting them to subscribe for huge bond
issues was putting a profiteer on the
back of every soldier for the merit fif-
teen or twenty years, and Mr.. Marsh
was sure that those husky youths
would not carry the burden long.
Pay for War by Taxation
Mr.. Marsh's idea is to raise all or
nearly all the war revenues by taxa
ton amounting to not less than S15,-
o0O,0OO,OO0 q year. Such loans as we're
necessary should be reserved for tho
FARMERS and workingmen. He wanted
all income IN excess if 100000 year
contiscated, but on the other end, he
would begin low and tax high, too
He was also for putting a heavy tax
on all undevelopod land, rural or Ut
ban. That would get revenue and also
land for the soldiers returning to the
country they had saved, said Mr..
Marsh.
Thomas S. Fuller, of New York, ap-
peared in behalf of the Turks cigar
cite manufacturers to protest against
the diffcrential between Turkish to-
bacco cigarettes and those made of do
nestle tobacco. He thought the Turk
ish cigarette manufacturers would be
driven out CT bushes by the dfferen-
tial as it would increase the price Of
such cigarettes to prohibitive degree.
Plea for Texas Stockmen
W. L. Dawson, of Corpus Christi,
Tex, asked the Senators how the
drouth-stricken farmers and cattlemen
Of his country, who had just devoted
all the proceeds of the first good crop
in four years to paying off the losses
on the three preceding ones, would be
able to meet income taxes. Senator
Smoot thought they might borrow
enough for taxes, but Mr.. Dawson said
nobody would lend them money for that
purpose. He wanted the Senators to
work out plan whereby the years OF
drouth could be wiped off the tax slate.
T. II. Dickerman, of the st. Louis
Stock Exchange, protested against the
increased brokers' tax and the tax on
ctOck oyrhaDOo Nom herchipa