The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1893-12-06
fsnecial to News and Courier. I

Especial to News and Courier.l
WASHINGTON, November 26-The
sugar schedule Of the new tariff bill was
made known to-day. It proposes to
continue the free importation Of raw
sugar, while the duty on refined sugar
is reduced from half a cent to quarter
of a cent per pound. The bounty OF =
cents per pound on domestic sugar Is
to be reduced at the rate of quarter Of
a cent year. Eight years will ther
fore elapse before it is finally repealed,
during which time the planters Of
Louisiana and the beet sugar manufac-
turers of Nebraska will have an op-
portunity to put their business on 8
self supporting basis or abandon it
altogether.
: The reduction of the duty on refined
sngar will have the effect Of removing
some of the monopoly now e.joyed by
the Sugar Trust, but will not materially
reduce the profits Of that combination.
There will be no reciprocity clause in
the new bill.
It is not at all likely that any in
creased tax will be placed upon whis-
kew, beer or tobacco.
1t is true that the bill as submitted
by the committee will make such addl-
tions 10 the free list and will so cut
duties below the figures OF the present
law that the net result will be falling
of Of between $40. 100000 and S50,OOO,-
600 q year 10 the national revenues.
But the ways and means committee
expect that nearly if notall of this sum
can be made up from the income tax,
which is to be part of the proposed
legislation. The original proposition
was to tax all incomes over $1,000 a
wear, but this is rot 50 likely now to be
carried into effect. There will, how
ever, certaiuly be an income tax on the
net earnings Of corporations aud on
Inheritance and legacles. 1t is roughly,
estimated that the amount which will
be realized from the tax on corpora
tions, if placed at ) per cent. will be
S30,OOO,000, while the tax or legacies
will add S5,000,000 more. These two
figures will come within fifteen mil
lions ofsupplying the loss from customs
revenues. It is the intention of the
committee not to tax anything else If
It can be avoided. Beer and tobacco
will certainly not be touched, and
whiskey only when such action is made
imperative.
The bill, which will be made public
tomorrow, will show that the commit
tee has been guided by the wording of
the Democratic platform and has left
nothing protected beyond the point ne
cessary to supply the revenues Of the
Government. 1t will be a radical low
tariff measure. The free list will be the
longest and include more important
items than any free list Of any tariff
bill yet framed, and the duty on manu-
featured articles will be cHt TO the low
est notch.
The internal revenue features Of the
new bill will not be made public to-
morrow, as they have not been COM
pleted. One of the propositions now
under consideration in this connection
is the taxing of proprietary medicines,
from which source about S6.OO0,OO0
could be obtained.
REDUCING TEE DUTY ON RICE.
In conversation with member of the
ways and means committee tonight l
learned that the bill proposes reduc-
ton of the duty on rice. The committee
decided that rice has enjoyed most
liberal protection under the past and
present tariff laws, and it will have to
undergo cut the same as other articles.
The proposed bill will provoke con-
siderable criticism from Republicans
and protection Democrats, but the coul-
mittee in framing the-bill have endea-
vored to carry out the tariff policy laid
down by President Cleveland, the De
mocratic platform and the verdict Of
the people in the last national election.
The bill is Democratic measure, pure
and simple, and majority of the COM
mittee have not permitted their actions
to be Influenced by their political op-
ponents. ....