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REVENUE BILLS
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Money Raising Legislation Be.
fore Committees.
SENATOR'S TACKLE TARIFF
Finance Committee Open Hearings on
Fordney Bill, Passed by the Mouse.
Ready For Tax Problems.

Washington, July 25.-AIoney rails
ing legislation will occupy the atten
ton of congressional committees at
each end of the capitol this week, with
the senate finance committee opening
hearings today on the Fordney tariff
bill and the house ways and means
committee ready for discussion III The
new tax bill tomorrow.
Although the tariff bill. passed 10y
the house Thur>tlu; and designed t.
raise about half Il billion dollars IL
revenue annually, WAS going into Its
second stage. interest WAS somewhat
SubOrdinated To Inc tax measure
which must produce more than SeVel
times ;IS much The house COMMITTEES
has Il mass Of bills for tax revision
of a varying nature before il, and the
Republican members also have beer
advised of the treaSury's views, bu
with all Of this the committee vii
devote four days To hearing what the
taxpayers have to say before begin
ming actual revision.
Meanwhile, the senate finance com
mittee has under consideration Il pla1
to establish clearing house of eX
pertS. who would Sift out suggestion.
regarded as worth while from the ta2
revision basket. Although the plal
has not been adopted finally, 1t Wa:
understood to have the approval o
most members of the committee ant
the experts probably will begin Worl
while the committee itself is listening
to tariff talk.
American valuation provisions of The
Fordney bill will he the first taken III
by the senate committee, and tOda!
and tomorrow will be devoted 10 con
sideratiOn of that controversial sec
ton of the measure. The chemical
schedule OF the bill will next be gtvel
attention because of the demand from
some quarters for a dye embargo ;
provision which was stricken out b!
the house after Il long fight by Rep
reSentative Frear. of Wisconsin, tn,
only Republican member Of the way
and Means committee to break ava!
from the rlajority'S stand in that con
miJtee
Leaders in the senate committee alS'
were expecting to see Il revival of tn,
fight in the house to have the senate
restore a duty on hides and long stapl
cotton. with provision for compensa
tory duties on shoes and leather good
and textiles ill which the long Stapl
cotton is used. Proponents Of tariff
on petroleum appeared to have givel
up their fight, although they will asl
for such a duty before the committee
The house ways and means commit
tee is going into its hearings Withou
any set schedule as TO phases of ia!
revision which will consider during tn
four days. Numerous requests hav
been made for opportunities to discus
the tax laws, and Chairman Fordne,
zSafsa=t&rt4-eommittee would hear all tina
can be possibly crowded into the lin
tied time.
The committee held some hearing
! last winter, and these, with the treas
ury'S statements, testimony of taNpay
ers this week and possible further sue
geStionS fro mthe White House max
up Il sufficient fund of Information
its members believed, on which to baS
a new law. 1t was reported that ReT
reSentative Fordney hoped to see tn
president before the hearings, but tn
| committee chairman has had nOthin
| to say on the subject.