Show t SENA GALLINGER i WILL LEAD ATTACK ON TARIFF MEASURE Senator Smoot Scheduled For ai a- j Speech on Monday Senat Senator Sutherland Has Amendment i l ASH July With IS lS With rith the submission n today of the report y of majority members of the finance committee on th the Simmons tariff bill formal consideration of the measure was begun beSun in inthe inthe the thc Senate but It it t continued a few moments only due to the unavoidable absence of Chairman Simmons detained in North Carolina on account of death in his family l Senator Simmons will inaugurate the debate tomorrow with a speech setting forth the general views of the Democratic majority on the bill billand billand billand and the needs for tariff revision on Senator Cummins served notice that he would speak on behalf of the rit millO-rit minority and he may follow Senator S Sim Sint- Simmons 1 mollS mons tomorrow afternoon Senators Smoot and Burton Durton plan to talk Mon 1 Iou Iou- day Republican senators in conference today reaffirmed their support support b bf Senator Gallinger of 7 New v e Hampshire as their leader to assume char charge 8 requests of Republicans publicans for record votes on amendments when desired II of the tariff debate on the floor for the minority and agreed to su support ft t Tho The income tax section of the bill government would los lose 3 la Ja In was as attacked b by Senator Root on the revenue Senator Stone asked that the amende amend amendment amend amend- ground that it would i I b be e Im impossible s s ble to enforCe It a against Ii incomes received t b h e- e ment be referred to the finance c cop copa- copa y tw en March ch 1 1 1913 and 7 the h date the l I bill bin becomes become law He offered an amendment amendment amend amend- ment to make e the tax ax apply only nl after ter the thee new tariff becomes effective Senator Senator Sen Sen- I ator Stone in the absence of Chairman Chairman Chair Chair- man Simmons said the committee would could gi glo a careful cOn consideration to the amendment A resolution for tor postponing consideration consideration consideration consider consider- of oC the t tariff act until December and for lor a a national election election elec elec- tion on the bill In November o emb r wa was Introduced in introduced introduced In- In by Senator Gallinger An to Bonded J d Import Im Senator Sutherland introduced an amendment to lO require goods placed in bonded warehouses to pay the rates of or dut duty in force at the d date te of or tion Jle stated ho hE was informed that goods aIu valued d at h had d been placed In 11 the thc warehouses archo s e waiting for tor lower duties of the n new w bill to become come effective e 15 Toy by V Which Melt h ha he estimated t the tife e I Report t on Tariff rat iff Bill BiJl Submitted b by y Committee Majority l itJi t Washington Jul July IS 15 re-a re n An An n average a re re- re of ot per cent under the fhe rates o of the existing s' s Aldrich Payne tariff la v la vr Is proposed ed b by the Democratic Under Uder wood c SI od tariff bill upon which the Senate begun general debate toda today according to the report of ot the finance committee majority submitted by uy y t tho e chairman Senator F. F M. M Simmons The report also alo show that the bill 1111 billas billas as as repotted reported to 10 the Senate provide rates per percent cen cent l lower than th th Underwood od bill as It passed th Hous Housand and from it it together with gov government go- go ern ont receipts for tor ther r fiscal elt ng J June ne 30 4 th there e vs v. will ill I be nn anti Continued 1 Inu d on age Jage age Cola 1 1 f v SENATOR GAlLINGER H B wj BM WILL LEAD ATTACK A TT ACK I ON TARIFF MEASURE i Senator Smoot Scheduled for a Speech on Monday Monday Sutherland erland Has as Amendment Continued from Page 1 surplus in tho the government treasury o oC ZO OOOO A salient feature of cit this bill bill It Jt la Js pointed d out Is 18 the large Increase of ot imports to be bo admitted free tree of ot duty Under the House bill the value of ot free treo listed Jilted Imports on tho the basis of ot 1912 Importations Im lm- importations was 10 whereas the Democrats of oC the Senate In caucus b by sweeping changes chancres to free free- jut Jilt It valued nt an ant Increase In Imports over O the tho t House e bill of or 43 3 I E of Revenues Upon tho the ba basis ls of ot ten ton months for tho I coming fiscal year ear the committee expects expects ex ex- cois that receipts from tram customs alone un under er the new bill will be front from Income tax for tor ton ten months corporation tax Internal revenue Including tax on cotton cotton cot cot- ton futures of ot end that tho the revenue from tram all other resources will bring tho the total for tor the fiscal year ear to With dis die estimated for tor the tho committee commit tee Leo by treasury experts at a B balance balanco Is shown In favor of ot th the government government government gov gov- of ot x I r r In analyzing analyzing- its Us changes In the House I f features of at tho the bill the committee deemed tho the amendments of ot ofIr ir r the thc House entirely too drastic Jarl Jarly arl those authorizing examination r of ot hooks books of ot foreign manufacturers I n B 6 per cent tariff discount wn nn Imports In American ships and other like features which were stricken out I i Particular attention Is called to the I F Senate enate provision designed tl to furnish 1 t the h e resident with power to Impose tar tariff Ire of or a a. retaliatory character upon f nIl oil articles comprised In a a. specified list 1st which Includes many agricultural I products t l Provision For some Bome years ears 1 says tho the report In referring to this retaliatory provision provis- provis I lon ion there Chere has been boon a n development t of ot Maximum and minimum tariffs abroad r and In not a few instances tho the government government govern govern- L ment of oC the United States has been I compelled to see BOO Its citizens citizen'S S subjected xo to o harsh and discriminating tarl tariff I treatment abroad oad without being able ablo I under the law Jaw to afford relief fi i Tho The provision now recommended itIs It da Is 8 believed will place In tho hands of ot rl the President powers which though extensive In their sphere are sufficiently sufficient sufficient- ly h circumscribed to permit of ot their beng be- be ng exerted within the limits assigned them Ithem without disturbing the general fiscal system of ot the tho United States Wise use of ot the retaliatory power it is reasonably to be expected will bring about equitable arrangements with those countries which do not now afford tie IS fair treatment and it is probable that th the tho weapon thus provided pro will be beto to 10 0 effective e and available a as liS to render Its actual us use entirely unnecessary Under tinder an any ordinary conditions Of Ot another important feature added by y the tho Senate committee a tax of ot one- one of or on one cent a pound on cotton sold Bold through tock stock exchanges for or future tuI fu tu- I turn ture delivery the report says The Tho committee believes the subject I matter to be an imposition of ot a 0 proper f tax not only because of ot its indirect in influence in- in luence fluence In eliminating a parasite which I lias ins afflicted the business of ot dealing In purchases hases of or cotton for tor future delivery delivery oHr oH ery r but because It will result in tho the collection of ot a n considerable sum of ot otI I revenues from a business that Is not r. r of ot taxation in susceptible Just any other way of Is Isto isIto It If the effect tho the proposed tax l to Ito eliminate all of the speculative or gambling classes of ot business and antl to leave Intact that part of or the dealings resorted to for tor hedging purposes tho the revenue derived from this tax should j i amount l to about a year ear and Jf if Its imposition does not have o the ef effect effect ef- ef of or eliminating the gambling or end of or the business the revenue revenue derived ed will be enormously In excess of oC this amount Income Tax Exemptions Reduction of tho the basic exemption from income taxes from as in the House bill to for tor unmarried persons per per- sons fOnt and tho consequent rearrange rearrange- e- e rent 1 nt of this thin the report comments upon as follows 8 Your committee reduces the amount of exemption of net income to and allows on or account of If the tho marriage c cau nn au additional exemption of or 1000 to either Ither the husband or wife where hero c. c aro are living together but not to both In the case of ot a 3 minor child or children n living with and dependent upon the parent such parent Is allowed an additional exemption of or for tor one minor child and up t to 1000 on acCOunt account account ac ac- ac- ac count of ot minor children except where both parents are taxable on account of ot ottOe tOe tiro children By B tho the amendment the lowest possible exception to any 01 one person would be and the possible blo ble exemption to any anyone one person would be While the Amendments make hake no wide difference rence In the tho volume of ot rov revenue nue derivable from rom tho the tax lax It 1 IK is deemed equitable as including tho the added obligations on account of ot marriage and and children nn and salutary as emphasizing the family faintly as tho the unit In our social structure h Burdens Durdens Taken Off Oft Farmer Of or agricultural products man many of ot which were yore to the free tree list listIn listIn In addition to those thoS put there thero by tho the tho committee has this to S say The House HOUS bill and amendments made b by the committee on finance fully I recognized th the paramount Interests of ot our agricultural population by placing placing agricultural implements of ot every even and description fence and baling wire cotton bagging and ties low priced blankets boots and shoes hoes cement nails l coal harness saddles cotton gins wagons carts bagging for grain Wool and other bags suing sewing machines and many other products of ot dally utility utility ty h. on tho the free tree list In common with tho the rest of our people our agrIcultural population atlon will win share In t the c benefit brought about abut b by the reduction of or the duties on sugar and Its eventual nation Tho substantial reductions reduction made all alon along the line on cotton an and woolen goods goode wearing apparel rol o of nv every r description on crockery furnishings and utensils hardware and similar products of ot our factories will remove a n. considerable part of ot the burden burden burden bur bur- bur bur- den of ot tariff taxation now no borne borno by Y th the farmer as well wen as the dweller In 1 the cU city and tho the laborer In tho the factory fields and amI mines mine Cba Changes Change ca In to Metal fetal Schedule The Tho sugar and wool schedules are arc left unchanged as to free sugar and free tree raw wool but reductions by the tho Senate committee In wool tops and yarns are arc explained and sweeping re reductions reductions reductions re- re in the metal schedule are arc treated in tho the report with considerable comment Pig Iron manganese ferro-manganese and other products were vere placed on the free tree list by tho the committee and the tho re report report report re- re port says SMS The House Houlle bill places iron ore upon the tiro tree free list mainly because it was found that the tho domestic supply of ot iron ore was lar largely Ely controlled by tho the United States Steel corporation and for fOl forthe forthe the purpose of f aiding the Independent Iron and steel manufacturers in their competition with wilh this monopoly For similar reasons the committee on finance thought ht all manganese ferro should also be bo placed upon the free ree list The Tho United States Steel corporation largely laCel controls tho the domestic oro ore out of which ferro manganese which is a R. necessary essary material l in the manufacture of ot steel is produced This corporation is tho the ortt only producer o of ferro manganese in this country but produces it only for Its own use and consumption It was thought under these conditions just that tho more independent competitors of ot this monopoly should bo be permitted to import this hl high h priced alIo alloy free of oC duty and that with iron ore oro and ferromanganese ferromanganese ferro- ferro manganese on tho the treo freo list domestic competition would bo be strengthened d and the price of ot the finished products of iron and steel eventually would be belo lo lowered cred E Explain G General Revision Re Concerning the general revision ro the Senate committee says sas that following following- the tha lead of the House it has sought in the amendments proposed to tho the House bill further to carry o out t and perfect perfect perfect per per- the theory of ot establishing a revenue revenue revenue rev rev- producing tariff upon the basis of competitive rates as a it Just and fair In Interpretation Interpretation interpretation In- In In iii the light of ot existing conditions of the tho latest authoritative utterances of ot the party In power upon that subject and now submits the re results ro- ro of ot Its Ita labors with the confident belief beller that the enactment into law of ot the House bill aa as amended will result In general Improvement and an benefit benent In our system of ot taxation that It will t tend nd to disintegrate the monopolies built up under the to present system that It will enlarge opportunity Individual effort reduce the cost of ot living U and relieve rello the people from the burdens dens of or the protective 8 system strikingly exemplified ex- ex exemplified exemplified ex ex- by the so called Payne Payne-Ald- rich bill which this measure Is Int Intended to supersede to |