The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-14
WOULD RAISE II. S.
DEBT BILLION MORE
Continued from page one)

Continued from page ohej .-.-
ton.
business will be helped, not
hurt, by these suggestions"
The letter was read as senate
and house, cOnferees met To adjust
differences in the measures enact
ed by the two chambers. AS soon
as 1t had been concluded, Harrison
flushed and angry, said hrusquely:
Il reserve the right ito comment on
this to, the press, %: N1al,
fLntooe reserve tlleenght to COM
ment-rand& to condemns this .amaz-
ing proceduEes''l shouted, Senator
William H, king, D.. Utah. > ~.
.,lRepresentative Allen T. Tread
wayuof Massachusetts, ranking Re-
publican member rof the ways and
means committee snorted IA loud
tWel" pgr. .Uauf - ttt HHWc,-t'
~ Senator Arthur H.wNandenberg,
r.. Michs,. q. eonfefee, 'heatedly OBJ
served that tthe appropriate; time
for the president t0act under eur
form of government will be when
the, billrreaches the White House.
Reuindinga the. president that 1T
is still, Legislative business and we
still have ahlegisiatlre, he said
he would not yield to the chief ex-
ecutiyes demands flor Il tax on
Thrift and prudence and prefers
the Yroute that leads to recovery
as charted by senate Democrats
! and Republicans alike" aud sc
AS rDoughton and his Democratic
colleagues r,Onln the committee
.sqi,irmed but said nothing. Harri-
som strobe to the door and read
to y;snewspaper reporters from a
note scrubbed OH the back Of an
envelope" III sam. Jz..
1.-The president lis entitled to his
views" ;. he said, clipping each
word. iiOf course, he acCOrds cv-
eryone elsewthe same right The
views, expressed in this letter do
not coincide with the oveTwhelm-
ing sentiment of the senate My
views are well known and need
not be explained in detail.-at this
time"
The MisSissippian. who was de-
feated by one vote for the post Of
! senate leader after the administra-
ton cXerted pressure for Senator
.Alben w. BarkleN. and who is
aligned with tho strong faction Of
| conservative Democrats fighting
New Deal reforms, led the fight In
committee and on the floor to
scrap the profits tax and scale
! capital gains lGvics lower, even
Though he knew both to be dis
| tasteful to the president.
| He won senate approval Of sub
StitutiOn of a flat Is per cent tax
on normal corporate income for
the house approved provision
which imposed rates ranging from
16 to 20 per cent on earnings, the
maximum to bp determined by the
amount of dividends distributed
Likewise he. fought successfully
for imposition Of flat Is per cent
tax on gains from capital transac-
tons held more than rs months as
a substitute for the more drastic
house lcvics. ..
DoughtOn fought equally hard
for retention of the principles Of
the profits levy and last night he
said he took no exception to the
presidents letter. He regarded it
as Il presidential privilege and
whether it was ethical lis mai
ter for him, not mc,"tO Judge He
waived aside Republican COM
plants that the presidents inter
ference in a purely Legislative mat
ter would prevent an agreement
among the conferccs. but warned:
"If they don't want an agree
mcnt and want business to'Stay 1m-
der the present law, well, I'll not
take the responsibility"
He. said he knew "ail along that
the president was opposed to the
| senac changes" and that he still