| Show TARIFF AS REVISED Many Changes Have Been Made in the Existing Schedules VICTORY FOR PUBLISHERS Secure Lower Duties on Wood Pulp- Pulp Hides to Be Admitted Free- Free Slight Increase In Rates on n Hosiery Washington Revision of the tho tariff as provided for by the new nEV measure n is substantially as follows Beginning with a decrease in inthe the rate on iron ore from 40 to 15 cents a aton aton aton ton there is a ge general eral reduction throughout that part of the bill pig Iron going down from 4 to a ton and scrap Iron from four foul to one dol dol- lar mr Rough lumber goes down from 2 2 to per 1000 feet with corresponding cor cor- responding reductions in the differential on dressed lumber Sugar and tobacco duties remain substantially as they are und under r the Dingley law Structural steel fitted for use comes in the basket clause at 45 per cent ad valorem In the lumber schedule the only Increases increases Increases in In- creases were those on shingles from 30 cents to 50 cents a thousand and andon andon andon on briar wood and laurel wood for the use of pipe makers from the free list to 15 per cent ad valorem The rate on sawed lumber was decreased from 2 a thousand to a thousand feet In other agricultural products broom broomcorn broomcorn broomcorn corn was taken from the free list and made at 3 a ton Hops are increased from 12 2 to 16 10 cents a pound Cotton hosiery valued at not more than 1 a dozen pairs is increased from 50 to 70 cents a dozen pairs that worth more than 1 and less than a dozen pairs from 60 to 85 cents a dozen pairs that valued above and not above 2 from 70 to 90 cents a dozen pairs The Tho remaining rates on stockings are the same as under the present law Hemp mp is increased from 20 to 2250 8 t n. n and heckle hemp from 40 I. I J. J I J iL n 4 ok r In carpets m 20 to 15 cent f drau l Ie hose Oil cloth cloth cloth- I qu was reduced about a third f tt Mechanically ground wool pulp was was' exempted from duty and placed on the free list with a provision for countervailing counter counter- duty against Canada The lower grade of printing paper was reduced reduced reduced re re- re- re from 6 to a ton and the higher grade from 8 to Bituminous coal oal goes from 67 to 45 cents a ton and there are reductions reductions' on gunpowder matches and Agricultural Implements are cut from 20 to 15 per cent ad valorem Every corporation joint stock company company com com- pany or association organized for profit and every Insurance company is required to pay annually an excise tax of one per cent upon its entire net income over and above It is I estimated that from to a year will be collected under under un un- der this new form torm of federal taxation The secretary of the treasury is auth authorized to issue Panama canal bonds to the amount of which sum together with that already expended equals the estimated cost of the Panama canal It is not intended intend Intend- ed that the bonds shall be Issued ex except ex- ex a as needed ded t to pr provide money to S On Un me tRO construction The bonds are to be payable 50 years from the date of Issue and will bear Interest at a rate not per cent Hides were placed on the free tree list while the rate on hand and sole leather leath leath- 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 booth and shoes from 25 to 10 per cent Petroleum crude and and refined In In- eluding kerosene gasoline naphtha benzine and similar products Is made free of or duty and left even without a countervailing duty The Dingley rates on women's and childrens children's gloves are allowed to stand The only change Is a reduction on gloves not over 14 Inches long on which the rate is made a dozen pairs Instead of The maximum and minimum provision provi aba sion prescribes duties in accordance with the rates named In the dutiable list until March 31 19 1910 O when 25 per ent ad valorem Is to be added automatically auto auto- as the maximum duty The president Is authorized to apply the rates however to Imports Import rom a n country which gives its best rates to the products of the United States and Is made the judge as to whether a foreign country accords to the United States treatment which is reciprocal and equivalent The president Is empowered also to Abrogate reciprocity treaties which an jan be terminated by diplomatic ac ac- ac- ac tion don |
