OCR Text |
Show f"r"" The New Free Wool Hill. Washington, Feb. II There has been a substantial agreement by the wool special committee of the democratic majority of the ways and means committee on the provisions pro-visions of the wool bill. The changes made in the bill drafted by Springer are not for-aally for-aally made up, but very substantial reductions reduc-tions are made iu the duties on woolen man-ifnectures man-ifnectures proposed by Springer's bill. The "' '''! at duties on woolen manufactures manufac-tures of all kinds, including cloths, dress goods, carpets and all other wool articles, imported under the McKlnley law, and which rates were lest unchanged by the Springer hill, have been cut down wherever in ex- ess "I 40 per cent, and the average rate of duty proposed by the new bill on woolen goods is about 5 per cent below the uniform rate at W per cent ll.xcd by the Mills bill. Undlr I lie agreement wool is made free, as nrnnoted bv the Springer lull: all duties on woolen manufactures, where 40 per cent or le-8 under the existing law, are urn hanged; whert more than 40 per cent, they are reduced re-duced to that rate, so no woolen duties shall be higher than the Mills rate, und those on the cheaper grades of goods will he less. Tinder the McKinlejj law the ilmies range from 30 to (X) per centl so thai there is a re-Miun re-Miun ol per jen loade from the high, a- nowyinnosco, !vfTU.the average rate is wDt" i fo'TTUWuil ii'i per cent on shod- mtf waste, adopts the Springer rate 7 cent, against the present rate of HO Hi. pound, All compensatory duties, iirse, a,i' taken off, as raw wool is made HT that tlie present per pound and per duties are abolished if the hill be. 1 a law and only the wl vnburnt. duties Hnurii. H(i members of the committee say that wool bill will be the principal measure JJportctl, and an examination of its pro- sions will show not only that no step Backward has been taken in tarilf reform, l$t that an advance of considerable importance impor-tance 1ms been taken, and that, on the wool schedule, regarded by all tarilf refyrmeTS a-the a-the key to the protective system, the re-ducttens re-ducttens made are greater than those prti-I prti-I posed by tie: democrats two years ago. |