New-York tribune., 1921-11-18
5O% Surtax
Adopted. Over
Harding Plea
tcontInued from paos ons)

hamper the restoration or our activi-
tics. FOR which we all so much hope.
zone experience will afford con-
vincing illustration. In seeking to
hasten the railway settlements grow
ing out of Federal control authorized
the Director General to invite the co.
operation of the War Finance Corpora
tion to convert salable securities into
the cash needed for the settlements in
process Of making. During the period
of public belief in 80 per cent sur
tax us provided by the House. the sale
OF these bills receivable was progress
ing in most promising way. Indeed,
we had converted more than $100000,-
900 of railway notes into ready cash.
The very moment the higher surtax be-
came likely levy these conversions
ceased entirely.
Much Needed Capital Diverted
"Manifestly the prohibitive surtax
tends to divert our available and much
needed capital from employment in our
everyday activities to Investments in
tax free securities. The records show
that it is making continued diminu-
tion in our receipts from income taxes
and it is making more difficult the
sential activity and IL emphasizing the
tendency to turn to the government
for that patcrnalistic relief of both
industry and agriculture which has no
rightful place in peace-time policy.
81 am well convinced that fair
compromise between tho rates adopted
by cithcr house will be the best pos
sible solution Of the situation, and an
early decision will put an end to en-
listing anxiety, even though the larger
expectations of the country are not
fully met"
The movement in the House for &C
ceding to the Senate amendment, with
its higher rate, was led by the. So
called agricultural bloc" The dele
cations from Iowa, Kansas, Michigan,
Illinois, Ohio and several other states
voted almost solidly for the 80 per
cent rate. The result showed ninety
four House Republicans for the SEN
ate amendment.
Democratic leaders, seeing what
they termed an "insurgent movement
lined their following up .solidly for the
amendment Of the Republican Senate.
Vote on Amendment
The roll call follows:
FOR THE SENATE AMENDMENT;
Republicans, 04
Anderson. Andrews (Nebraska). An
thony, Barbour. Beck, Begg. Benham.
Bird. Bois, Brennan, Brooks ullinoisl;
browne (Wiseonsan), Burtnsss, Sampoel' lamp
{Kansas chalmsrs. ns. 1ohas Chr,stopns1som nesom
Cooper (wisconsin>, Cramton. Curry. Davis
(Minnesota), Denison, Dickinson, Dowell,
Evans Faust. Foster Frear, Fuller. Funk,
Gensnan, Graham Olinois), Green Uowa).
tsouth Dakota), Kearns. Keller, Kelly
(Pennsylvania). Ketcham, King, Kinkaid,
Kleczka, Kopp, Lampert, Lawrence, Line
berger. Little, Mccormick. Mclaughlin
(Nebraskal. Maloney. Moore tOhioo /,
seyer. Reavis, Rhodes, Ricketts, Robson.
Schal Scott tTennessce). SHAW. SIM
clair. Sinnott Speaks. Stafford. Stecner
son. Strong (Kansas), Summers CWashing-
ton). Sweet. Swing, Thompson. Tincher,
Towner. yoisht, volstead, Walters
Hanson, Yates Young. Zihlman
Democrats, 10S
Almon, Aswell, Bankhead, Barkley
Black. Bland (Virginia). Blanton. Bowling.
Box, Briggs. Brinson. Buchanan, Bulwinkle,
see). Cantrill, Carew. Clark (Florida). :.
Cochran. Collier. Collins, Connally tTexas).
Crisp. Cullen, Davis (Tennessee), Dorni-
nick. Doughton, Drewery, Driver, Dupre,
Favrot Fields, Fischer. Fulmer. Gallivan.
Garner. Garrett (Tennessee). Gilbert, Colds
Harrison. Hayden. Huddleston, Hudapeth.
johnson iMississippi), Jones 1Texas).
kincheloe, kindred, Kunz Lanham, Lank-
ford. Larsen (Georgia), Lazaro, Lea (Cali-
formal. Lee Georgia. Linthicum. Logan.