The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-10-04
NJ ADOO HALTS
CONGRESS- PLANS
FOR VACATION
Failure to Enact Promptly
Revenue Bill Will Endanger
U. S. Finance, Tells Senate.

WASHINGTON, Oct. 4.-Plans OF
congress to adjourn for a month over
the November elections drew q warn
ing today from Secretary McAdoo that
failure to promptly enact the $8.000.-
100000 war revenue bill will disorgan-
lie and endanger the national finance.
Il am writing in deep solicitation -
said Mr.. McAdoo in a letter to Chair
man Simmons Of the senate finance
committee, ito ask your cooperation
and that Of the committee on finan-
ce in averting a grave peril in the
successful financial conduct Of the
war. l cannot disguise nor refrain
from directing your attention to the
fact that failure promptly to report
and pass the new revenue bill will
disorganize and endanger the national
finance"
Mr.. McAdoo's letter caused the H.
nance committee to take immediate
steps to expedite it's work of revising
ure and upset plans announced in the
senate today for adjournment Of con-
gress for month beginning Oct. 20.
Year in Operation.
In his letter to Senator Simmons,
Mr.. McAdoo pointed out that the pres
ent war tax bill became operative one
year ago today and said that essential
revenues would be lost, as we'll as
time required by the treasury in i'd
ministering the new law and by the
public to familiarize itself with it, by
delay on the pending measure.
Upon receipt Of Mr.. McAdoo's letter
Chairman Simmons and the senate
committee agreed to work with all
possible speed, but the chairman said
he did not see how it is possible to
report the bill before. Oct. 25. even IL
then. He added that plans for ad-
journment of congress on Oct. 20 prob
ably would be re-considered. II by
that time 1t is evident. he explained,
that the bill can not be reported, or
passed by the senate in quick time be-
fore the elections, congress might
save time by proceeding with an ad-
journment to begin just before the
elections and end a few days after
ward.
q The adjournment program was an
vnounced In the senate Thursday by
Majority Leader Martin, but, he said,
It was framed on the assumption that
the revenue bill could not possibly be
ulSpOStu Ol UelOTe the eleCtlOnS. ne
senate adjourned today until Monday
and house leaders planned to begin
tomorrow a series OF three.day recess
es. until the $7,O00,0O0,O0 army emery
ency appropriation bill is reported
probably about Oct H. The senate
also plans similar recesses until the
army budget is passed.
To expedite revision Of the revenue
measure the senate finance commit
tee today decided to meet dailyat 10
o'clock, earlier than usual, cut short
the luncheon period and work later
each day. Even with this program,
Chairman Simmons said much time
will be required for consideration not
only Of committee amendments, but
also iportant revisions suggested by
the treasury department.
Considerable progress was made on
the bill today. The house provisions
for individual credits in computing in
come taxes, including the exemption
limits OF $1,000 for single. and $4,000
for married persons with an addition
al allowance of 5000 for each depend
ent person under Is years Of age, were
adopted.