The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-11-01
SOLDIERS BONUS
BILL TAKES UP
DAY OF SENATE
Senator Stanley Declares Bill Is
Dead With Republicans Act
ing as Pail Bearers.
PRESIDENT HARDING
PUT FOOT ON MEASURE
And Ordered Republican Con-
gressional Leaders to Aban-
don Ii, He Asserts.
tHy The Associated Prsss)

WASHINGTON oct. 81. - After
spending the day discussing the sol
diers' bonus. the senate tonight pro-
ceeded with the tax revision bill, with
unusual celerity, voting to retain
$4,000, 900 OF taxes on corporations
which had been proposed for repeal
and Topping off a number OF excise
levies now In force.
The flrst important action was the
adoption of an amendment propos-
ing a graduated corporation capital
stock tax at rates OF one dollar on
each $1,000 of stock between $4,000
and 100000, and two dollars per
$1,000 on all over $4,000 600. Hold
ing companies in paying this tax
would be credited with the amount Of
the same tax paid their subsidiaries
Reconsidering its former action ap-
proving the present five per cent taxes
on pianos and other musical instru-
ments, the senate without a roll call
and little opposition, adopted an
amendment by Senator Frelinghuysen,
republican, New Jersey, repeating this
tax
The section proposing a five per cent
levy on sporting goods was next elm
mated, compromise amendment strik-
ing out this section, being adopted
81 to 80
THE senate got stuck for time on
the chewing gum section. but it finally
voted 35 to "a to repeal this tax, the
existing rate OF which is three per. cent
and tlastt proposed in the new si,l two
per cent.
The senate rejected an amendment
by Senator Wadsworth, republican,
New York, to repeal to ten per cent
tax on cameras weighing less than 100
pounds, and on lenses for such came
ras. 1t then rejected a motion to re-
duce the tax to five per cent.
At 1920 p. IN. the senate recessed
until II a. m. tomorrow.
Renewal of the fight in the senate
for the passage of the soldiers bonus
bill resulted in a further setback today
for the tax revision measure. Repub-
lican leaders forced a night session, but
with the bonus issue still undisposed
of, there appeared to be doubt whether
the tax bill could be brought to vote
before Saturday, if then.
Il
today of the Reed amendment propos-
ing to continue the excess profit tax,
and to the proceeds to defray the cost
of five way-way adjusted compensa-
tion plan. This was followed by the
introduction of an amendment by Sen
ator Simmons of North Carolina, and
Walsh of Massachusetts, democratic
members on the finance committe, pro-
posing payment of the bonus out of
the interest on the nations foreign
debt
The latter amendment will not be
formally moved for adoption in the
senate, its authors announced, until ac-
ton has been taken on the Reed
amendment. Meantime, Senator Reed
is delaying formal presentation of his
amendment until there has been full
discussion OF the whole question.
Senator Penrose of Pennsylvania. in
charge of the tax bill, said today it
was the plan OF the majority to move
to lay the Reed proposal on the table
on the ground that the soldiers bonus
has no place in tax measure.
Majority leaders had not decided to-
night. however, what would be done
with respect to the Simmons Walsh
amendment, which the authors de-
clared would make the issue clearly
one of bonus or no bonus. without
raising the question of the condition
of the public treasury. which has been
the chief argument presented BY the
opponents of the bonus plan"