The daily banner. (Cambridge, Md.) 1897-2008, 1921-11-18
so PC. SURTAX
WINS IN HOUSE
Accepts Rate Set by Senate
Despite President.
REFUSES TO COMPROMISE
Pass Measure by Vote of POI to 173
After Mr.. Harding Suggested 40
Per Cent Rate.

FeF SefI ndIe.
Washington, Nov. 1S.-The house
accepted the senate 30 per cent maxi
mum income SurtaX rate despite Il re
quest by President Harding the two
houses compromise their differences
at 40 per cent.
The vote was POI to 173. The all
nOuncement of the result was greet
ed with handclapping and cheers on
both the Democratic and Republican
sides.
President Harding earlier in The
day had informed Republican house
confereeS on the revenue hill Il maxi
mum SurtaX rate of 10 per cent would
he agreeable to the administration.
The presidents views We're express
ed at Il conference at the White House
with Mr.. Fordney, Michigan, chair
man of the house ways and means
committee. and Representative Long
worth. Ohio. who with Mr.. FOrdney
and Representative Green, Iowa, make
up the Republican house cOnfereeS.
The tax bill as passed by the house
provided for maximum income sur
tax of 80 per cent, but the senate pro-
vded Il maximum of 20 per cent and
what virtually amounted to dead
lock enSued.
Arrangements were made ii the
conference for the president to send
letter to Mr.. Fordney, setting forth
his views. Mr. Harding was repre-
Sented as favOring the 30 per cent
maximum, but agreeable to the 40
Legislative situation.
The house cOnfereeS were summon
ed to the White House after Repre-
sentative Mondell, Wyoming. the Re
publican leader. had laid before the
president the situation in the house
with respect TO the SurtaX. The in
tprvpntiom of the executive WAS sought
a few hours before the time set for
the house to Vote on the senate
amendment
The visit of Representative Mnndpll
10 the president was said to have fol-
lowed conferences between regular
Republican leaders and Spokesman
for the ''inSurgpntS" ON the majority
side at which the latter were under
stood TO have refused to rccrdc from
their demand for Il 20 per cent MAXI
mum rate
Opponents of the senate amendment
said they expected the presidents let
ter to turn the tide. They admittedly
had been worried and are understood
to have laid the situation before the
executive very frankly, with the re-
cOmmendatiOn he Intervene.
Mr. Harding, in the course Of his
letter, said he still believed 1.-THE rate
approved by the house to be the
nearer TO a just levy and the more
promising one in returns to the public
treasury" He added while the adj
ministration was anxious first of all
TO impose taxes that would meet the
demands of the treasury, there is a
moral obligation, however, on the
party in power to do everything pos
sible to keep faith with promises made
to the public"
A compromise at 10 per cent, the
president wrote, "wOuld meaSurably
meet the expectations of those who
are above all else concerned With the
return of hopeful Investment of CAPT
tai and the application of our capital
resources to profitable productivity"
Such maximum. he added, would
be vastly more advantageous Ia our
people than the maintenance of wa'-
time levieS as peace time penalties on
capital which are certain to hamper
the restoration of our activities for
which we all so much hope"
Break Radio World Record.
New York. Nov 1S.--A new worlds
record or long distance radio COM
munication was made November D.
according To the Radio Corporation OF
America which announced President
IIardn@S message addressed to the
nations OF the world was picked up
in New Zealand. 10000 miles away.
The message was sent from the new
radio central at Rocky Point. Long
Island