Show I I I I II SENATE DEMOCRATS TS NEAR FINAL ACTION ON TARIFF RATES Caucus Now Awaits Report of of J on Questions' Questions Referred Back i. i z Jul July 1 l. Sonata Sonata- t 1 W WASHINGTON y Democrats approached a Cb final final- l' l la a agreement on the Simmons Underwood-Simmons S tariff bill In caucus late Into today toda when the thc they made the following decisions on important contested points Mutual life lire insurance companies were cre exempted front from rom pa payment of ot income income In- In come conic tax on Oil premiums returned to Lo policy holders in th the form Corm of dividends l A stamp tax of ot tenth one of oC 1 cent centa n. n pound was agreed to for all trading in cotton futures the thi tax to be re refunded refunded re re- funded where cotton colton Is actually de de- de livered An agreement was reached reache for a vote vota tomorrow on th the Hitchcock amendment tobacco proposing proposing- a restrictive tax on production to prevent monopoly The finance committee members held another meeting tonight to decide questions referred hack baI from the cau cau- cus CLIS The rite caucus will resume work tomorrow to- to morrow an and It Is believed cd I he the final paragraph will be reached before night The decision lo to exempt earnings earnings- arni s- s which mutual life Ufe Insurance companies later dl distribute to came cania s at St t tho the end of a long debate The caucus caucus cau can cus la last t night by h- ha a vote ote of or 13 IZI to 11 overturned tho the recommendation of ot the finance committee Democrats that such exemption be ue made On a recon recoil today a asked led b by Senator L Lewis the caucus reversed action and ana e voted to lo uphold the committee Senator Overman O tried vainly to lo tor have ha the tho tax on cotton futures cut CUl of or 1 I CC down front from the hit tenth one-tenth V ba basis i. i proposed d by ly Senator Clark Jark to to one twentieth of 1 I rent cent nL tJ V Hitchcock's fI fight ht to sc secure ute amend amend- the adoption of or hla hlll tobacco tax ta merit ment which embraced tho the views s t tr forth some time ago ao h by Attorney I General for curbing th the growth of or the tho trust was W carried o on until adjournment tonight and will 1 be renewed tomorrow Members rs of or the vj against ar th the finance committee decided f r amendment which would Impose a tA 1 heavy r tax on production above c a cr- cr Hitchcock 3 also aso O tan figure fI figure JU 1 Senator will propose tomorrow a companion 1 amendment for COI a tax lax on the PIO production of all al corporations that hat control contral inor mora of ot the tho pro- pro oft than a sp specified amount In iii their thell line of ot Industry and attempt to have ha both amendment t made 0 u of the tarl tariff IU |