Show TARIFF AS REVISED Many Changes Have Been Made in the Existing Schedules VICTORY FOR PUBLISHERS Secure Lower Duties on Wood Pulp Hides to Be Admitted Free Slight Increase in Rates on Hosiery Washington Revision of the tariff as provided for by tho new measur la I substantially as follows Beginning with a decrease In tho rate on Iron oro from 40 to 15 cents a ton there Is a general reduction throughout that part of the bill pig Iron going down from 4 to 250 a ton and scrap Iron from four to one dollar dol-lar Rough lumber goes down from 2 to 125 per 1000 feet with corresponding cor-responding reductions In tho differential 1 differen-tial on dressed lumber Sugar and tobacco duties remain substantially us they aro under the Dingley law Structural steel fitted for use comes in the buakot clause at 45 per cent ad valorem mIn > In the lumber schedule the only increases in-creases were those m shingles from 30 cents to 50 cents a thousand und pn briar wood and laurel wood tor the < use of plpo makers from tho free list tp 15 per cont ad valorom The rato on sawed lumber wan decreased from 2 a thousand to t25 a thousand feet I In other agricultural products broomcorn broom-corn was taken from the free list and mado dultablo at 3 a ton Hops are Increased from 12 to 16 cents u pound Cotton hosiery valued at not more than 1 a dozen pairs Is increased rom 50 to 70 cents a dozen pairs that worth moro than 1 and less than 150 a dozen pairs from 60 to 85 cents Jr a dozen pairs that valued above 150 and not above 2 from 70 to 90 cents a dozen pairs Tho remaining rates on stockings are the same as under tho present low I a t w > riompiarricreascd 20 to 2250 per ton nnd heckle hemp from 40 to 45 a ton There was a general reduction In carpets and mats A reduction from 20 to 15 cents Is made in hydraulic hose Oil cloth Including linoleum was reduced about a third Mechanically ground wool pulp was exempted from duty and placed on the freo list with a provision for countervailing counter-vailing duty against Canada Tho lower grade of printing paper was reduced re-duced from G to 375 a ton and tho higher grade from 8 to 375 Bituminous coal goes from 67 to 45 cents a ton and there are reductions on gunpowder matches and cartridges cartrid-ges Agricultural Implements aro cut from 20 to 15 per cent ad valorem Every corporation Joint stock company com-pany or association organized for profit and every Insurance company Is equlred to pay annually an excise tax of ono per cent upon Its entire net Income over and above 5000 It is estimated that from 20000000 to 30000000 a year will be collected un der this now form of federal taxation The secretary of the treasury Is I authorized to issue Panama canal bonds to the amount of 290569000 which sum together with that already expended equals tho estimated cost of tho Panama canal It Is not Intended Intend-ed that the bonds shall be Issued except ex-cept as needed to provide money to carry on tho construction The bonds are to be payable 50 years from the dato of Issue and will bear Interest at a rate not exceeding three percent Hides were placed on the freo list while the rate on hand and sole loather loath-er Is reduced from 20 per cent to five per cent ad valorem that on dressed leather from 20 to 10 per cent and boots and shoes from 25 to 10 percent + a per-cent a Petroleum crude and refined In v eluding korosene gasoline naphtha benzine and similar products Is made 1 free of duty and left even without a countervailing duty Tho Dingley rates on womens and childrens gloves aro allowed to stand The only change Is a reduction on schmaschem gloves not over 14 p Inches long on which tho rate Is made 125 a dozen pairs Instead of 175 Tho maximum and minimum provision provi-sion prescribes duties in accordance with tho rates named In tho dutiable V list until March 31 1910 when 25 percent per-cent ad valorem Is to bo added automatically auto-matically as tho maximum duty The president Is authorized to apply tho minimum rates however to imports from a country which gives Its best rates to the produqts of tho United States nnd la mado the Judge as to whether a foreign country accords to the United States treatment which la reciprocal and equivalent The president la empowered also to abrogate reciprocity treaties which can bo terminated by diplomatic action If ac-tion d Ii r J |