Show THE NEW HEW TARIFF BILL no sane human being it has been s said aid would expect unanimity of opinion on about a a tariff bill perhaps tills this statement should somewhat mitigate 1 our surprise e at being informed by one set of authorities that the underwood bill will bring industry alter after industry face to face with absolute ruin and will cost this country greater loss than the civil alvil war while by others othera we aro are assured no less emphatically that it will stimulate american industries angwill and wil will save the consumers of the country approximately a year but however 1 opinions may dafler about the effect of this measure there is a general inclination to recognize it as embodying the honest efforts of the democratic party and the democratic president to redeem their tariff geyls revision ion pledges even such an old line protectionist republican organ as the now york tribune admits that it Is a fair translation into legislation or of the promises on oil which the voters put the democratic party back into power and the world dem notes that even in the most adverse criticism of the underwood dill bill there Is no impeachment of democratic good faith in iii tact fact declares the jacksonville ville florida times union dem the bill as introduced promises the first farst honest tariff reduction in fifty six years this measure framed by the house ways and means committee and in by president wilson vt aims in the words of chairman oscar I 1 to t o f d derwood e r wood lo to revise the tariff to a hasis basis of legitimate competition such as will afford a wholesome influence in our commerce bring relief to our people in the matter of the high cost of living and at the same time work no detriment to properly conducted manufacturing industries to this end it either removes entirely or greatly reduces the tariff on most articles of food and clothing which could be ranked as necessaries of life and arranges ranges Ir to reimburse the government for the loss of revenue estimated at about by a new direct tax on all incomes of over ever 1000 a year its avowed purpose is to weaken the grip of monopoly and privilege and to case the burden of the poor many items ot of manufacture controlled con ti oiled by monopolies have been placed on the free list mr air underwood points out the principal changes proposed by the new measure are arc thus summarized in the new york commercial I 1 all meats are on the free list while bile luie lie stock rates are much cut in ratio the reduction in duty ranging from one halt half to two thirds the only exception being in swine which go on the tree free list sugar will be graduated 1 0 io o the tree free list three years hence until va which aich time a reduction of 25 per cent duty 1 Is propose proposal ed wool weal is planned to go on the fret litt lirt in the cate cafego ca tego gOv of clothing and its allied needs woolen cloths claths knit kail and manuian aured goods golds drop irom from 97 to 33 p cent white bite cotton goods are reduced from 1274 to 2663 2669 per cent sli alic goods a luxury are arc reduced only I 1 per cent except in ribbons and partially manufactured forms when the duties are a little greater linea fabrics are reduced from 60 to 15 45 per cent with a little stronger rate in the form of handkerchiefs machinery in general Is reduced all along the line of an immense variety of products automobiles the rate on the average being cut in two in the metals schedule I 1 I 1 steel rails are placed on the f fret r list and the reduction on all other manufactured forms is from one third to one half wood pulp will come into this country tree free and print paper at av 21 cents per pound or less will go on the free list as aa well the new york worlds world washing I 1 continued continue d FIrst Pa paga ge f |