Evening star., 1921-10-30

OF the movement to force this bill
through without proper considera-
Llon' SAID Senator Simmons of North
Carolina, ranking democrat on the
nnance committee Members ON
both sides apparently have come to
the conclusion as a result of criti-
cisms that the bill should be given
most careful scrutiny and considera-
ton"
Amendments Disposed OF.
Only two amendments to the bill
were disposed of during the six hours
the Senate was in session yesterday.
Under one change adopted on motion
of Senator Reed, democrat, Missouri,
income tax returns Of both corpora
tions and individuals would be open
to inspection by direction of either
house of Congress. Under the exist
| ing law these returns are opened for
inspection only upon orders of tho
President.
Explaining, the, proposal, Senator
Reed said this information should be
! at the disposal of Congress. as much
1 Of it would be necessary in writing
tax and tarih laws. He pointed out
that representatives of interests ap-
pearing recently before the finance
refused to give Information as to their
profits or salaries.
Before the Senate recessed until
tomorrow. Senator Reed also launch
ed his fight for the soldiers bonus.
which he has proposed shall be paid
out of funds obtained by continuing
the excess profits tax. In vigorous
speech he declared that his amend
ment was designed "to pay the bonus
from the profits of the war prof.
| teers."
Reed Rups Republicans.
ST am only taking the funds" he
said. turning to the republicans,
that you propose to throw away and
leave in the hands of the profteers.
You can put this money in the hands
of the soldiers and not adversely az
feet the fiscal policy of the govern
ment- That answers all arguments
raised against the bonus by the
Presidents letter"
| Reading the message of President
Harding and the letter of Secretary
Mellon. opposing the bonus at the
present time, Senator Reed charged
that it was the republican plan TO
kill" the bonus bill.
| CLEARLY, Secretary Mellon had
hand in this" said Senator Reed, cit
ling that Mr. Melons first statement
against the bonus preceded the Presi-
Ident's by six days.
The republicans. Senator Reed con-
| itinued, proposed ITO leave millions in
the pockets of the ultra-rich" and re-
fuse to compensate the former service
men.
Nearly three hours OF the Senate
were consumed in a fight against an
amendment offered by Senator Smoot.
Republican. Utah. proposing exemp.
from business done in China by Amer
lican corporations so per cent OF
whose gross income comes from that
country and so per cent of whose busi-
ness is done there.
Oppose smoot Amendment.
| Democrats and republicans alike OPP
! posed the provision, asserting that
there was no good reason to make
such an exemption and that this
! would be an entering wedge for
similar exemptions to all American
corporations engaged IN business
abroad. Senators Smoot and Brande,
zoe. republicans. Connecticut. urged
the proposal on the ground that an
lexenptfon was necessary II American
Arms were to compete for trade IN
China with British, German and other
foreign companies.
The amendment finally was passed
over, as was that proposing retention
of the capital stock tax. which the
finance committee proposed to repeal
on next January l.
senator Lodge of Massachusetts. the
republican leader. has offered an
amendment to this section. and. be-
cause Of his slight indisposition. re-
publicans asked that tho matter 60
over until tomorrow.
A number of amendments to the ta1
hiiI were offered yesterday. Senator
Edrs' republican, New Jersey. for
mafIy presented his amendment to
continue tho present 10 per cent IN:
come tax rate on corporations ana
Senator La Toilette, repu can' WIs-
oonsin, offered an entirely new
| schedule Of estate tax rates, beean
| Ming AT 1 per cent on all that part OF
an estate over s50,oo0 and graduating
IN to so per cent on all over $so.ooo'-
Two Other Amendments.
A tax Of 1000 per cent on political
,snraien contributions over 500,
Whether in cash or promises. or 20 z
randidate or campaign committee,
Tss nropos sed in an amendment by
Ssnator Harris. democrat, Geor1a;
. Tha rate would apply to presidential q
and conEresei onal candidates. IN p1-
maries as we'll as general eIsctons
Another amendment Sena.Gi
Dial, democrat, South Caronns. Wouto ~
~ income taxes on the rental value
~ their residences whom such resi-.
Ssnces are supplied free BY theiI
churches.
NAMED MINISTER TO PERSIA