| Show Vol No f Ct TARiff fiGHT OPENS TODAY IN USE HO-USE Democratic Leader Un Underwood Will Try to Hold Members to Twelve Hours' Hours Work Daily Until Passage of the Bill HOPES TO SEND IT TO SENATE BY MAY 5 Senate Finance Committee Will Give Hearing Today to Western Democrats Opposed to Free Sugar and Wool WASHINGTON W J April 22 By By y J a avy vy strict party yot vole c the Senate fi finance finance finance fi- fi nance committee today defeated Senator Senator Sen Sen- w ator atm Smoots Smoot's motion to grant ora oral hearings S to interested parties on oti the tariff revision Interested persons will wm Ill be he heen given en a 3 full opportunity to file briefs or ot statements hearing bearing on any of the tariff schedules Tariff arlt debate v. v wilt will ill open In the lIcu at 11 o'clock tomorrow and In the hops hope that general d debate bato can be limited to toive five ive days days' Leader Underwood Underwood Under Under- wood will attempt to hold the tho House House- to twelve Ine hours s of oC work dan daily Another week of or consideration under the hc rUle rul I permitting ame amendments will Hl send end the bill to the lie Senate soon after atel May Jay 5 tit lit litIs titIs I Is hills Reported ported d h by e Tho The talin came C caine 1 back to th the e toda today t the a s 's and mean c c. with a a. a a vigorous supporting h from on oh the report the Democrats com com- nod and an opposing tho the thol l Republican cp me members ib l' l The Thc general debate that be begins ns to tomorrow to- to morrow will m be f followed b by concerted tl efforts on the part of the Republican Republica In th the House to amend t the tho bill In ad al adIts Its Ite Important t schedules While hUe J Senate Senate- finance has decided that l ea inge ai- ai unnecessary e an the D Democratic member gf cc the he o. o co committee l will ill confer v with Democratic senators rS from Coast and Rock Rocky mountain states are tre opo opposed d to t the tue e free sugar ugar and lO wool provisions pro of ot the new row bill A number of ot western senators senators' including Se en l t i rs rH Myer ts t's bt t r Mo o taua Ashurst Ashurst As- As hurst of Arizona Arizona- ArIzona will wUl not participate in the conference aa as the they have havo decided to support the lie free woo wool and sugar IHo ram if It jl t I Is approved by the House The Thc conference tomorrow will t de demonstrate do- do the strength against thc these features of the thic bill Those who will hil participate insist however owe cr that th there e ehas has been no effort ro to form an offensive u alliance against the lie measure as proof of oC which thc they point to the thc fact tact that hat the Louisiana s senators and anti others in interested interested in- in in a change ot of the tue free tree sugar anti and free wool provisions h have hC C not been included J In the conference Presenting the completed Democratic tariff revision rc bill to the House house- today the Democrats of tOe ways ays and means committee recommended a radical re- re on P Page sc 2 2 Column 1 1 TARIFF fiGHT OPENS TODAY IN HOUSE Democratic Leader Try to Hold Body Body to T Twelve Hours Hours Hours' Work Daily Continued Irem Pa Tape Pago e 1 I. adjustment I of the entire tJ fiscal cal policy ot of t the e nation They proposed to make malto an m Income tax tac tho the means of accurately adjusting tho funds to be raised by to correspond with necessities for tor government oo expenditures Tho report after aCter outlining outlining- th operations opera of ot tho Iio prop proposed Income tax Tho The revenues from all Income taxes axe readily respond to to changes of or rates I and the latter latler can bo be raised or lowered within a a. tow low days days' time without dI disturbances dis I such as 3 general tariff changes occasion It Is believed c that thata a n. budget or other effective system ii by which Congress ma may be he able closely to calculate and determine In advance forthcoming expenditures soon loon will be In which cv event nt It should 11 bc- bc conic come easy Sy tp maintain a n close dose balance b between expenditures and nd l revenues revenue mien inch as ls It practiced In moat other civilized civi l countries With other sources or revenue revised to honest and fixed baIs and tile the Income tax a J. J permanent part ort of ot our revenue rc system and at all aJl times affording a substantial amount of ot revenue re Congress could coull and amI If It ral raiu or necessary should hould annually u lower tho ho Income tax rates In such manner as would prevent either cither do do- licit t or a 3 a- a surplus us In tho the treasury Protection Policy The Democrats outlining their policy In the preparation of oC the bill bit an- an an m nb absolute disregard tl for the cost of theory as regulatory of or tariff rates and anti declared that In the tho I pending hill bill th they y had attempted To eliminate protection of at profits and to to cut o off duties which C enabled bled Industrial managers to e exact a bonus for which no equivalent l Is rendered I To Introduce In er c every line of ot iii lii In- a competitive tariff basis sIding for a a. substantial amount J Jt C Importation to the en end that no concern shall bo be able abio to fees feel lh that haL l u Jl ua a a a L monopoly mo market marlet gained of or tho the homo honio other than trOugh through the tho fact that It is It isable I able to furnish better goods at tt lower r prices than others Which 1 Is 15 the wiser I cr course for our I government to take the report asked the one that demands demanda the tho protection protection pro pro- of or profits profit the tho continued policy of ot hothouse growth of or our industries industries- the stagnation o of development that follows fol Col- ul- ul lows where competition ceases or on hut other hand the reduction of our tariff tu-Irr lat IM to a basis where the American Amer Amel lean ican manufacturer must me meet t honest hottot competition where he lie mu must t develop elop his hits business alon along the best and most eco CcO- co- co lines where wh when n b he fights at home homp to control Ills his market he I Is under the new ne la law for Cor a 3 u month twelve In tho the markets of tho the world In our ourI Judgment tho the future growth of or our I great industries lies Hes beyond tho fI seas ns n ru Schedules Submitted A detailed table was sas presented showIng showing show show- Jn ing by schedules thu total revenue pro procured h by the IRne Al Aldrich Jayne rich tariff law of ot 1910 and th tho revenue secured under tho the new law for Cor or a twelve-month twelve period Tho Tho fhe table showed that In 1912 worth of or Imports paid in duties at an equivalent average ad valorem rate of per cent It estimated that under the new newbill I bill worth orth of ot imports would pay in an duties at nt an anI I era Ll average e ad valorem rate rat of oC 2560 60 per cent Thus the now new hill bill would raise less than the present law Jaw The saving thua thun made Inada In revenue collections said paid the report Is only suggestive f of ot the Immensely greater saving s secured to the public h by the tho probable change chango In prices resulting from the removal of ot the excessive rates of ot the tho present law law The Tho Increased cd cost of living was ns mentioned as the most striking economic eco ceo change needing adjustment through tl tI the i t tariff In close conjunction conjunction tion with the tho hl high h cost Co of or the report sug suggested the development t of or trusts and intI Industrial combinations during dur dur- lu lug ing the same Imme period and b bO O a list of oC 26 such uch combinations organized since 1807 i It also referred to the rapid exhaustion of natural resources and said saM that the protective s system st m has been greatly Influential In maintaining a a. too rapid rate of or depletion depiction of natural natural nat flat ural resource In order to satisfy the thc Increasing demands deman s of or a a. arising arising rising population Is an unmistakable fact Discussing the Democratic theory theor ot of tariff revision the report said To protect profits of oC necessity means U to protect Inefficiency It d does es not hot stimulate Industry because a manufacturer manufacturer man man- standing b behind a tariff wall that Is protecting his profits Is not driven n to develop his business alon along the tile lines of or greatest efficiency and greatest economy In Tn a l series of ot tables the report states slates that the articles dutiable under tinder the Aldrich Jayne law and placed on hie fr free e list Mat bv ho the Un Underwood bill in tho the last year cal yielded a n. revenue of 24 G on imports of or The com committee mil tee took toole from the present free list and levied Jc duties against articles Which It Is estimated will yield 4 4 6 revenue on Imports In a n. month twelve period perlo under tho the Underwood bill I I l 1 of or Revenue A com computation pu ta lJ by treasury experts I presented In the report shows that the government revenue re from all sources In 1912 was as and the gOI government gov gov- I expenditures leavIng leav leav- ea- ea ing a a. surplus of The esti esit- mated revenue from all sources for tho the first year under th the Underwood bill bin Is and tho the estimated 1 expendi tures 99 With a treasury treason y surplus of clr this would leave leavea a deficit to be raised b by the Income Uv tax amounting to Tho The earning earn earn- I In ing power r o of tho Income tax the first year ot ot Its Us operation Is fixed b by the report at Tho rho report says IlYS that th the l Income ome me tax tx Is Included In response c t tc ue ie general demand for Justice in taxation an and the lon standing long need of ot an elastic nn and productive system of ot revenue The Tho report declares declare the maximum and minimum clause clauso of or the Payne Pane law W giving ln the Per the thi power to Impose Im Im- Im- Im pose pOlle additional 1 duties on tho the goods of ot countries declining to Include tho United Mates as ns a most favored fa nation nation na na- na- na tion In commercial has hos been a failure allure The nev new bill strikes that provision from tho the law and gives Jhc the President the power to negotiate trade trado re ag-re agreements ments containing mutual conce concessions lIl with foreign countries to be approved ed by COn Congress f I |
