Show DIAMOND SMUGGLING with I 1 the III gh duty it is forcing importers out of business now york july 22 tho the world frays the announcement is 1 mailo mado in maiden line lane that the big bl diamond firm rm of co of this city vill let ire from bubi january next similar announcements have ben been made by ayt T S ind and if bruhl and freund round co about flims finia of some standing have either already retired or intend to do so F august Neles heimer senior partner of I 1 helmer co said to a reporter that firms representing about had add been forced out of the diamond buff ners by smugglers in lya said lie he the duty on diamonds a advanced ironi front ill il to 23 25 pi per cent the imports at that time amounted to lo tuo yearly since then their they lave fallejo to 2500 oon I 1 in n those four yeara diani ond s re rea clied enormous enor moun proportion ii jt it Is in not anu unu for diamonds to be I 1 boug lit in 1 england and sold bold in new york at a an a ivanek ol of only 5 per cent on t the lie haic hage money ile se know hen a larke large yali sale of goins geina Is rustle made in europe and it if tho tb manic diamonds appear on oil tile the market here ot at 1 n I price that mould mean 11 a loss hl hail they ironi gone through the custom house we kno they have been smuggled it 19 not the fault of the custom the have come to in expert that la Is almost impossible the firms that have love been doing ii trading are the lomet R by making terms uita ith the smugglers we might continue in tile the business buchil ss but larna that all riot not ito do this oro are slowly but purely giving up the light fight as it looks ns nil thou though ij there auld be in a short time lime no legitimate diamond trade trad special agent clogs ot of the treasury d dt said tho special agents eat eaily ly this spring recommended that the toi for mer duty of 10 per wr cent on an diamonds diamond ii be ir tutored and under the dingley bill wo we believe smuggling will be reduced it Is a fat fad that horle hit till im have been olmo almost il most t driven 0 out or 0 of f by smugglers who by tile the 25 per elint cent duty duly mere for risking detection it Is almost ini sible blo to prevent 9 unless the ilic officials 9 ate aie arnod against cot inspectors lave have positive information hegoro forcing kilei toik it a passenger to be searched search cd the profit when tile the duty Is only 10 I ler ier er con cent t Is 1 baldiv gi gibat eat enough for a miln to risk alyk the state akison |