Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-09-30
DEMOCRATS OPPOSE
SURCHARGE ON RAIL
TRAFFIC; HIT BILL
CONTINUED from Page one.)

what similar scheme, exempts her
foreign investors with taxation" he
continued. II do not know whether
that is true or not. But suppose it
Is true, must we commit every folly
and crime against the common peo-
pie of this country that England
commits against her people? If We
are to learn anything from the les
sons from the great war. 1t is to
avoid the imperialistic policies Of
Great Britain, and the other coun-
try which caused the war"
Chairman Penrose, of the finance
committee, interrupted to say Sec
retaries Hughes and Hoover had
urged exemption from taxation for
foreign trade corporations.
II am not surprised at this in
formation" Senator LaFollette said.
II think evidence is unfolding
that there are gentlemen high in
| the administra ton, who are more
interested in the welfare of coun-
tries abroad than they are in the
United States"
Replying to Senator LaFollette,
Ottld lOI MNSulllbtlt VI ANOi III IIN
kota, speaking for the finance COM
mittee majority, declared that the
purpose of the provision relating II
foreign traders and foreign trade
| corporations was to expand the
foreign trade Of the United States.
He said foreign countries gave tax
exemptions to their nationals en-
gagged in business abroad and that
unless the United States followed
suit II would be impossible for
American firms to compete in the
foreign fields.
A motion by Chairman Penrose
that the senate meet an hour ear
lier to resume consideration of
the tax bill led to the incident with
Senator Simmons. The senator,
who had been absent a short time,
asked that the motion be amended
so that the senate would meet at
noon as usual.
"Why, / thought the senator
had gone home" observed Senator
Penrose.
The North Carolina senator
charged in reply that there was
"a most unseemly desire" to rush
the tax bill through and warned
that 'if these tactics were pursued,
this measure will not pass until
the snow flies" He declared that
the senate was being asked to sit
from II a. m. to p. m. and then
to hold night sessions from 8 to
II.
"Why?" he demanded. "Be-
cause leaders of that (the repub-
lican) side find that the special
session of the congress Is about to
expire and nothing has been ac-
complished. The senator talks
about delays. That talk comes
from the arch criminal Of delays"
Senator Penrose replied he was
sorry If he had said anything to
offend, and that he would amend
his motion so that the senate
would recess until noon.
IT hope that will not be too ear
" for the senator" he added.
Most of the day was taken up
with discussions of the sections of
the bill defining foreign traders
and foreign trade corporations as
those individuals or firms 80 per
cent Of whose gross income is de-
rived from sources outside of the
United States and 80 per cent of
whose business is done outside the
| United States. Several democratic
senator's Joined Senator La Toilette
in opposing it and action was de-
| ferred.
Senator Hitchcock, Nebraska,
and other democrats, contended
that under this and other provi-
sions, international bankers In this
country could so operate as to es-
cape taxation on all profits made
abroad. Spokesman for the COM
mittee contended that such bank
ers would not come within the
provisions.