The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-26
T HE F..
The New Measure .sss0 as as Reported to the b!
Sena!e ~ ~. ...o FINANCE Committee.
Reductions to Take Effect on July or Coal, Iron
and Steel, Books, Paper, Oriental Produce,
Drugs Tools and Implements Ship
building Material Salt spirin,
Tobacco, Vessels, &c.

WASHINGTON, May rs, 1872.
The Tariff and Tax bill has been reported to the
Senate. The Committee on Finance propose that
the act shall take effect 1st OF July next in
stead OF January, 1873. They add On all slack
coal or culm, on such as will pass through five
eighths OF an inch SCREEN forty cents per ton OF
twenty-eight bushels eighty pounds to the bushel.
The committee add the Senate clause ON lumber,
and provide ON cabinet wares and house furni-
ture finished, IS per cent al vaorem.
AGRICULTURAL CLAUSE.
Fruit, shade, lawn or ornamental trees shrubs,
piants ana mower seeds, not otherwise provided
for, twenty per centum al valorum. On garden
seeds, twenty per centum al valorum
On lead bars or pigs, one and half cents per
pound.
On cocoa, two cents per pound.
IRON AND STEEL.
The committee strike from the section reducing
the duties ten per cent from the present tariff iron
and all manufactures OF iron OF which iron is the
component part, chief value, and insert in lieu the
ol0wing:-On all iron and Steel and on all manu-
features of iron and steel OF which such metals or
either OF them shall be the component part OF chief
value excepting cotton machinery.
PAPER AND BOOKS.
The committee places all paper and manufactures
OF paper, including books and other printed matter
not specially provided for, under the ten per cent
reduction, striking out what tho House provides
on the subject. They include In the same section
earthenware, glass and glassware and unwrought
pipe, clay, kaolin and fuller's earth.
ORIENTAL PRODUCE.
The committee provide that there shall be here.
after collected and paid on merchandise OF the
growth or produce Of country east OF the Cape
of Good Hope, except raw cotton and silk
When imported from places west OF the Cape OF
Good Hope, duty OF ten per centum al valorem in
addition to the duties imposed on any such articles
when imported directly from the places OF their
growth or production.
DRUGS &C.
The committee place the duty on argals or crude
tartar and chlorate of potash at three cents
pound; sulphate of quinine ut twenty-five per cent
al vaorem soda ASH SO per ton; tin plates or iron
galvanized or coated with any metal by electrical
batteries at two cents pound. The committee
strike out the sections relating to the duties
wood screws and moisic iron made from sandstone
by process.
A section is inserted imposing forty-nve per cent
stretchers, NC, when made In whole or In part of
iron or other metal, provided the duty on UNI
brellas, parasols and sunshades shall in case be
less than is imposed upon goods of the same ma
teral and quality as the coverings thereof
TIE FREE LIST.
The House free list Is stricken out and new free
list inserted, containing the principal elements OF
both House and Senate free lists, and adding
thereto the book paragraph of the House. The free
Of duty books In the English language which
shall have been printed and manufactured
more than twenty years at the date OF
mportation books and maps for the Congressional
Library; books, maps and charts especially i'm
of art and learning, not more than two
copies each in invoice; professional
or orass IN Of or
from foreign countries, If used abroad by them not
less than one year. If for private use The
| hog hair manufactured; hair OF hogs curled for
beds and mattresses hide cuttings, hide rope, an
cept sheep skins with wool on; all mineral
description including ali grasses, ibrcs, rags other
than wool waste, shavings, clippings, old paper,
and gunny cloths, old refuse, to be used in max
ing and ut only to be converted into paper. and
whether for paper stock or other purposes.
TOOLS AND IMPLEMENTS
A new section Is inserted, providing that where
firearms shovels, spades, matches, axes hammers,
pl0ughs cutivators, mowinglnachines and reapers
manufactured with stocks or handles made of wood
benefit OF the drawback, under the fourth sec
ton of the law OF August 5, 1861 such articles shall
DC enLtieu 10 draWDack III an cases when the I'M
ported material exceeds one-haf OF the value OF tho
material used
sHIpBUILDING MATERIAL.
The section providing for the free admission Of
material used In shipbnlding and equipment Is
altered so as to apply not only to wooden sailing
vessels but to all vessels and the vessels referred
to are allowed to engage in coasting three months
in year instead OF two.
A section is inserted amending the fourth section
OF the act OF July 49, 1885, to make 1t provide
that from and after the passage OF this act imported
salt In bond may be used In curing fish when taken
by vessels licensed to engage in the fisheries, under
such regulations the Secretary of the Treasury
shall prescribe, and upon proof that said salt has
been used In curing fish the duties on the same
shall be RENTED.
spyRrTs
The committee, while fixing the consolidated tax
on spirits at seventy cents recommend that section
% of the existing law be SO amended that the tax
therein provided for stamps shall be ten instead OF
twenty-five cents.
The bin, as now reported, provides not only for
the repeal of the special tax and the tax Of four
dollars per barrel imposed by section 50 Of the In
ternal Revenue act but also for the repeal OF the
tax on the sales Of wholesale and retail dealers
rel produced In excess of two hundred barrels.
TOBACCO.
The tobacco section, imposing uniform tax OF
twenty -four cents per pound goes into effect on
the first day Of July next
The Senate Committee strike out the House pro
vision repeating certain stamp taxes and substi-
tute therefor section repeating al the stamp
and Of the Internal Revenue act OF June 30, 1854
and all acts amendatory thereof
CAPITAL, BANKING AND BROKERAGE.
The Senate Committee insert proviso declaring
that the words "capital employed in the section Of
the existing law, Imposing a tax banks and
bankers, shall not include money borrowed or re-
ceyed In the usual course OF business from any per-
son not partner OF or Interested In any bank,
ISOLATION or firm.
REVENUE INPORMERS.
A section Is inserted abolishing moietes TO inter-
nal revenue inlormers; but the Secretary OF the
Treasury IL authorized to employ and pay detec-
tves out Of appropriation hereby made Of
100000.
SALE OF VESSELS
The tax on the sales OF vessels Ia repealed, and
all such taxes now assessed but uncollected are
RENTED.
The President is directed to reduce the number OF
internal revenue districts to sixty prior to next
January.
All the provisions OF the bin not otherwise desl,y-
mated are take effect the LIST day OF next July