The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-11
4 REVENUE TARIFF POLICY,
Speculation as 10 The ChaIstS 10 Do
Kads in The Present LaSS
4 TAX On INCOMES NAY Be IMPOSED
Possible Increase Of tho Tax on Whi'N''
But Tobacco Likely 60 Remain ~"
touched Other schedule

,,,.sutNcrON d. g.. <0v l'~I'"
davs or fortnight win see che '," ,-,o
cratic tariu bm given 90 Che ..'"' no
Democratic members of the ..,r
Means Committee have mot ye. '.'- ,.,
ersl revision OF any OF ,ha seheo'''S' W.
.,. rrrtar Of Them are ae..l 'poh loi
'' ...., ...-,.sss. and ..a not be
CHANGED except in minor o.''''''
ooiie, Of tbe revenue tarlh WIZ De pretty
-l,sa,v adhered 20 in dealing with ia"
materials and partially manufactured
Goods and considerable cuts will be made
y, finished products. The Democratic
....rber. decided at the outset that they
would accept the declaration OF the Chl-
,a.8 platform regarding the legislation oI
tne last Congress. as their rule OF action
Tat platform declared that the party
tsrlur-es tine efforts made by the Demo
Gratis of the present Congress 10 uodiIy
ifs most oppressive features in the dI-
re.l0n OF free raw material ana cheaper
manufactured goods that eu.lr into gene
r1i consumption -.
There are reasons for sayihb'
therefore, that the Democratic mtinDei9
urder This provision viii embody ln the
which PASSED the House in inc flIty-
second Congress providing separately tor
f-4a wool and reduced duties ON woollen'
r.ule. free silver ores reduced duties on
ya plate. free cotton bagsins and free tin'
The schedrIc may BE shshuy modified ih
tfe definition of goods. bat it is expected
r will remain substantially the same
he maximum being 40 per cent. and the
ai yal0t I'M rates below that figure being
generally reduced 1--WE per cent. The pro-
vision o. tard.ug silver lead ores viii be
slbstanuauy that enacted by the FIFTY
second COnWess-that Iead ore shall pay
one ana a haif cents per pound, but that
ores iu which The value of the silver is
greater than that OF lead shall be consider
.t silver ores and exempt from dut. The
frty on tlu plate is likely 10 be reduced
from two and tEo-tenths cents 60 one
tHt per pound for the present. with. per-
tars, "a reduction after few years TO the
free list The bills which passed the
House I'm the last Congress, regarding
cotton bagginE aud binding twine made
l.,l absolutely free of duty. but there
t.s been some opposition 20 these duties
m the ground that they were not In
harmony with the other parts of the tariff
a.I moderate tariff might toe retained.
Block tin viii probably Doe made free Of
duty, as was unanimously voted by the
Ways and Means Committee in the last
Congress. at the demand OF the tin plate
w0rufacturers.
The chinaware schedules will probably.
be reduced 10 per cent. on the existing
rates Of 60 per cent and 55 per cent. The
Mckinley bin restored the duty on COW
erlngs, which are a large element in the
cost NJ cliUaWare. and practically made
tLe increase in duty much larger than the
O. rHr I.I. fr q q AZ ROT
The siik interests may not suffer much
and the duties may Doe left at 50 per cent.
as under the existing law The iron
schedule viii. it is believed, give the COM
mittee a good deal u trouble because Of
the conflict oi interests between the New
England manufacturers. who desire free
from and free coal. and the members from
Northern Alabama and Eastern Tennes-
see. who desire the reduction Of the duty.
The Threatened deficit in the revenue
viii be met by am income tax II some OF
the Democratic members Of the House
Who are urrlug {. proposition, are 20 be
believed. The pressure has been strong
60 Impose "a moderate tax on incomes
above $3.50 in preference TO putting du-
ties back on tea coffee or sugar.
Mr. Tom Johnson of Ohio has protest.
cd very earnestly against restoring the
SUGAR duty and has had the support of
other Western members I'm preferring a
moderate income tax 90 q renewal Of the
custom duties ON the necessaries Of life.
The exact rate of the income tax has not
been determined but 1t viii apply to all
incomes above the amount named with
certain allowances for house rent and for
losses through fire or other causes. 1t is
calculated that ar immense revenue can
Doe derived fIom a very small tax upon
te incomes earned boy professional and
business men throughout the country and
tas viii equaiize the disproportiOnate
burden imposed upon the poor by some Of
the tariff duties The adoption Of the
income tax viii practically settle the ques-
ton OF increases I'm the internal reve-
niue taxes on whiskey. beer tobacco, IL
is possible that very small increase VIII
De r1lde on whiskey. but the rates on
tobacco are likely 10 be left untouched.
BIRMINGHAM. ALA, Nov l0.-The
Commercial Club, of this city, has
adopted a petition calling on Alabama's
representatives. IN Congress TO fight the
reported project On the Ways and Means
Committee 20 put iron and coal on the