| Show IE NEW TARifF WILL REVENUE Payne Bill Framed on Lines of Downward Revision Maxi Maximum mum and Minimum Rates ARE SOME CHANGES IN WOOL Slight in III on Sugar Lead Id SlIghtly e tilt 1111 I Mar revision maxium and pro provisions visions Ilona which hleb Ims impose an dut duty 10 t per cent In crease 01 f the present tariff and new peed atone b by which willell It I ii estimated thet tM the revenue to the government will wilC be increased from forty to fifty million dol dollars are ike ot of tM the new tart tang blU was ill in traduced ta taby L by Soreno It Pay Payne ot of lb the wa ways and mena mell committee The IM recommendations made by President Taft that an In Inheritance inheritance tax be provided and that a limited amount or of tobacco and sugar he be admitted free from the Philippines are Included In the bill The measure alt also Provide for the of Iana m ink canAl bonds bond th 10 the amount of 40 to reimburse the trell treasury ury for forthe the original pu baio of the canal and reenacts the provisions for the issue of treasury trul co the mount be III increased from to While there is no dut duty Im ed ad upon coffee tea I Is taxed cents cent when Imported from the country where It is Ie produced and nine cents when from oU other r than producing countries The Internal revenue tax on cigarettes Is materially while the tax on beer and I is undisturbed A Acut cut of 10 per cent is II made mad In the steel teel and lumber schedules and Iron ore hides tallow cottonseed oil and works work of art more titan 18 0 year old are 18 placed on the free frea lIt list Th The tariff on boota and anel shoe h ta Is re reduced reduced 40 per cent cOnt and other leather manufacture In proportion Th The pot potter tel ter schedule remain about the th same me hut but the duties on window and plate If glass or of the smaller III 1 are re increased while the duties on the larger ala are reduced The tariff on wool or of orthe the lint and nd second cl class used prIn prIncipally In clothing let iii not disturbed hut but on wool of the third el cia known u as carpet wool It Ie I reduced on the cheaper grades A five cent reduction is mad I in the duties on shoddy and nd west whIle wool top topa are t six Ix bent ft pound more than the duty Oil scoured wool which Ie I unchanged 1 The for wood pulp on the free liet It and log the dutle on print with certain restrictions made by the tann Iann committee or of the hou are ars moor ported In the bill lbs rhe duty on relined sugar aur I ii reduced tour four of a cent a pound and aad on dextrin halt a coat cent a pound A reduction ot of halt half n a cent a pound Is iii also 1110 made III I the duty on starch with the exception or of potato starch Zinc In or ii Ie s on cent t per par pou pound lid fo for r t the h sine contal contained RatI The Tb tariff o on pig Ie Iron I is reduced from U 4 to per ton Th The Ie increase ass are mall made In Inthe the th duties on lemons iemon and sub ab for co coal eoal tar dy dyes gloves Iov and coated paper and litho Utho lithographic graphic prints AlA Au wu wag the new tarl tariff bill billIe billI Ie I made mad on a maximum and nd minimum baid with the provision that t the rates rate are not to go 0 Into effect treet until SO 0 dy days after the e eIf of If thu bill The Tb reciprocity provision Sri ar In th the as duties lut on bituminous and coke uk and agricultural implements hI by which the these arc nI given Iven entry tree fri or of dut duty when Imported front permit the tree in 1111 of 01 tb then articles from Amor Amore ice e The tax tag provision of the bill I Ii similar to the H New York tat stat III law It a tax lax of 01 II Awe per cant all inherItances over tOO that are inheritances or In which ar are the legates In case CaN of 01 direct tb the ta tasse p pro ar In to one per par lint cent on tu t 1680 two to per percent cent and nd on Ih those II over vr t three h per par cent ft 11 I is estimated that eO annually will be derived from Ibis Ihl tar The ThI and proc iii the bill U a sway with the th nee or the foreign tra trade agreements The abrogation of liteRs 1 Is provided fur I to a which au tb the president Ident to tu issue nolle of it termination of thee agreements mn III hO da alter Ibl lull hili lOt Into Ihlo The Th agreement II 1 would I Let let ci willi w iii It the U Intel for tor wI I The Th that must Intervene tb the laUn ot of It other reciprocity agreements toom bomo effective ranging from th th to ou year yearA sa A In th the bill bitt is III designed tn the conditions conditio resulting front from the latent law of Great Britain which that patentees must manu mann their articles within Great Britain This provIsion apples the seine Mme rules rulea to patents taken out In InI inthis I this hiM hy by allan alien at applies tt to In the country of the aliens Drawback privilegeS are Ioe extended hy by hythe bythe the bill and the method of valuation on articles rUo upon which the tariU ira po pose and nd ad d valorem duty I Is broaden broadeD broadened td ed for ut UJ purpose ot of preventing the prattle or of under uncle valuation PAYnES Representative S Sereno no Payne choIr man of the ways y and means COll In the tariff bin bill gave out oUI the rollo following statement one taiL tbt confronted d lh the commIttee wee waa the qa oft of revenue The buln or of all nation ha has been decreased for tor nearly two years and thus he has t out coal mere merce and greatly reduced our Ie rev canes so that we ha have e a argo bat bitt the revenues under the prent 1 Ian are from month to ment as conditions are becoming The fla lam year of was the year ending June 10 1 WM wee en prosperous ear and the revenue from ux oIX 1 tb of 30 by The commIttee h hv therefore taken laken the year 00 a I tb the basis balli to form their of the revenue producing quail ot of the new bill Should the th next l 1 7 year and e II 1 return on ont t f rye Tit Th of el pope the r IWI abow a considerable increase over th the or of the committee With Ith a return to anything like nor normal normal mal conditions during the next fiscal year It la iii safe Art to predict the deficit would be wiped out but In Inease ease It III ii not the bill or orthe orthe the issue of lOr PanamA canal bonds to reimburse the treasury for the paid out In the original of the canal This would more than make up any probable deficiency Th ThI There I is also alao reenacted the provision for the thu of it to run one year to replenish tM the the amount from to tn An amount sufficient to provide at any iny anytime time against two or th three yu years of d do pressed bunee condition The Th give v Use the rate In the pre present mt law tM tine Dingley tariff and shows the change thet the Payns ne idU 1110 proposes The of tM the bill con Sulphur or or 01 flowers of from II per II ton toll to M per ton Ion LAD Lead bearing ore on the lead con contents contents tents therein front 1 cen cent to 1 cent t per pound Lead bullion bass bue bullion anti lid lead In pigs from a 1 cents to 1 cents cent 1 per pound In sliM pipes shot hot from 2 l cents nU to 1 cents ta per pou pound Zinc In blOckS blocK or pigs Ii tro from 1 cents eUi to 1 cent pr Nr pound In from S 2 Mitt to 1 cente canta per r pound LUMISER Timber from I 1 cent t I par cubic toot foot to 14 cent cant per cubic tout root I board of white wood and anel from 1 per lr 1000 te t K Ie tit J par 1 All oth other sawed wed lumber fro front 3 to Sl 1 SlIt It further and tuned the um saute lb the present la law Paving pot railroad u ties telephone pol poise etc 10 par r to l ler 10 per er ad Clap board front 1150 0 ties per 10 to toI I 1 pr per 1000 Kindling wood to the Ule tree frea list lAthe Ithe fr frees 10 t I per 1 1000 pIece to 10 cAta pr 1000 pisces Fence p from 10 per to the tre free list tiel WOOL Wool of at the third c class known a as cr carp t wooL frost a duty of at 4 aM crisIs I Iper per pound OIl 0 wools worth U 12 MIa coats or 1 lees and a dut duty ol of I 1 par pound upon such ucb wool 11 1 MIlte tit vatu to 10 a ditty of 01 I cent per pound poundon on such wool at t not more Ulan than 10 enU ente pet per p pound aA sad It valued at t than 10 cents centa per II pound and not more l 15 coals t per pound I a ae seats per pound ud nad In thereto 41 ot of I ent par pound for each h cent t per par pound of additional value nee exceeding It II If valued at 1 more than I IS cents 7 Inta pe per pound Top wata and nd roving waste t torn Irom 20 ct cents nt t I III rent per pound waste and nd Isme froni 10 per pound to 10 inI u per pr pound nit from 10 to 10 seats U per pou pound null and all 11 othar wastes tee from 10 to 11 1 nt per tr pound WI Woolen n r rag mango and team 10 enta Ir ger pou te 00 S cost per pound Tope Top from S lists per C and aM ando 50 o per ad When val at not mOle th tI 0 ceals per and 4 44 cents per pound sad II 10 per pr ad w whim v sv to 40 sad aM lOt t above ft 70 it I UtI Us dut duty Imposed on sosea wool HI 04 S I In addition AN tutu IIII of trout t ii pet pel i oil 11 In fret lIt list Ita bond jad sole eole leather from IreltA Ie 0 ter 1 |
