Mexico weekly ledger., 1893-11-30

lated stocks before the reduced du-
ties on finished products take effect.
This will be true of wooden goods
and probably of manufactures of
linen. 1t is doubtful if any dis
elimination of this sort is made in
regard to manufactures of iron, which
will have to submit to some consid-
cradle cuts.
The specific duties on bottles,
glassware and plate glass may pos
sibly be retained, but they will be
decidedly reduced and plate glass is
likely to be put at a uniform and
ad valorem rate of 40 per cent.
Steel rails will probably be put at
So or So a ton. Rails will be one of
two articles upon which a specific
duty will be retained.
Pig iron will probably be put at 5
per cent ad valorem, as proposed in
the last Congress, and bar iron will
be reduced at least so per cent.
Tin plate will be charged 1 cent
per pound and increased imports are
counted upon to make the revenue
nearly as great as under the present
duty of 22-10 cents.
The specific duties OF cutlery will
be abolished and ad volorem duty
be substituted.
Block tin will go back on the free
list, where it was before the enact
ment of the Mckinley bill, and cop
per ore will follow it upon the same
list.
A uniform ad valorem duty will
be imposed upon finished manufac-
lures of wood. but logs will be free.
The textile schedule will not suffer
quite so much as china and metals,
for there will be few duties, if any,
higher than 40 per cent ad valorem.
Specific duties and compensatory
duties will almost universally be
wiped off the statute.
The committee believe that a re-
duction of 5 or 10 per cent in the
silk duties will yield as much rev.
enue as at present. Wool goods
will follow substantially the rates of
the Springer bill, but some of the
cheaper goods, especially cloth, will
be put in a separate class at 80 per
| cent.
The rate on nearly all manufac-
lures of cotton will be 40 per cent.
This will include hosiery. Manu-
features of flax, hemp and jute will
be greatly reduced, in view of the
placing Of the raw material on the
free list.
Binding Irvine is likely to be
made free of duty. The high duties
imposed on agricultural products
will be mercilessly slaughtered. A
duty will be retained on lemons and
oranges, but several other fruits
will go upon the free list. The
duty on wrapper tobacco will be re-
duced to 81 or 81 so per pound
when unstemmed and so cents
more per pound when stemmed.
An ad valorem rate of % per
cent will probably be fixed on all
grades of sugar, although this is
one of the questions still open. The
poorest grades of sugar come in at
a low figure.
The duty on gloves will be re-
duced.
The internal revenue features of
the bill are substantially agreed
upon except the form of the income
tax. There will be no increase on
beer or tobacco and cigars. The
only change will be on whiskey.
The additions to the free list will
cause considerable losses of revenue,
and wiiie reduction of duty are
counted upon to produce increased
imports, this effect may not APP
pear for a year or two. The pro-
posed duty on sugar will bring in
about $780, 600, 600, and it is thought
that some $50, 600 900 or $40, 000,-
600 will be received from the in
crease in whiskey and from the in
come tax.