Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-30
Kaleidoscope HAPPENINGS
KEEP GOTHAMITES AMUSED
TAX LEGISLATION
GIVEN PREFERENCE

WASHINGTON, August 27.-Tax
legislation was given preference over
the tariff by the senate finance COM
mittee today, and arrangements were
made for the committee to begin
actual consideration Of the house
revenue bill next Thursday. The
tax bill will occupy the attention of
the committee exclusively until 1t
is ready for submission to the SEN
ate, which Chairman Penrose be-
lieves will probably be when con-
gress reconvenes Septembed 21.
When decision was reached to dis
place the tariff, it was said, in some
quarters that the permanent tariff
bill would probably not be enacted
until after the new year. Hearings
on the measure are only about one
fourth finished, and in addition
treasury experts have yet to begin
assembling data On American whole
sale selling prices, without which,
according to committee members, the
contemplated revision of house rates
cannot be started.
Until taxes are taken up next week,
the committee will continue hearings
on the tariff, taking, UP the wood
schedule, and some Of the agricul-
tural list. The committee. at the re-
quest of the state department, Chair
man Penrose said today, had also
agreed to hear a British deputation,
who, it is understood, will protest
the proposed rates on high speed
steel. The delegation includes
Arthur J. Balfour, S. J. Robinson,
Peter MacGregor and j. c. Ward,
who represent the Sheffield Chamber
Of Commerce. Representatives Of the
Chicago Association of Commerce
also will be heard on the subject of
American valuation, on which, how
ever, the committee already acted.
Present plans of the committee do
not contemplate open hearings on
said, however, that such does not
mean that no opportunity will be
given for interested parties to give
the committee data during it's exc
cutive meetings. Secretary Mellon
will be called to discuss the bill
probably September Z.
The tariff hearings. week ON
the agricultural schedule will not
include the principal farm products
under plans made today by the agrl-
cultural group in the senate. It's
executive committee meeting with
representatives of the principal farm
organizations, agreed upon a prelimf-
nary plan for presentation Of their
tariff needs, and do not expect to
appear before the finance committee
until fall, senators from the agri-
cultural states saying they desire 70
outline a program Of national scope
and to confer with the committee
members on their suggestions when
the time arrives for action on THAI
phase Of the tariff bill.
The fight in the house on the rates
on certain kinds of lumber, reap
peared for time in the hearings to-
day. Duties on rough cedar and ma
hogany logs and telephone and te1e-
graph poles were opposed. Thomas
Williams, Of New York, representing
importers, declared his firm has been
in the business for S3 years and
never before had found it necessary
to appear before congressional
committee to protest against a duty
on the product. He said it was
prejudical to the business to have
duties on the raw materials and as
serted it would cost more to levy
and collect the duties than would be
derived in revenue.