Iuka reporter., 1894-03-15
THE WILSON BILL.
As Revised by the Democratic Majority o.
the Senate Finance Committee.

After an entire month Of considera.
tion the democratic members of the
seuate finance committee have laid the
tariff bill before the full committee,
and it has been given out for pIblica-
ton. OF the changes made in the
bill as 1t passed the house, the follow
ing are noted as most interesting to
the public: A duty is laid on sugar
of from l to l 4-l0 cents per pound;
on molasses, 2 to 4 cents per gallon,
according to quality; iron ore, 40
cents per ton, coal 40, coke Is; lead
ore, 3-4 cents per pound lead found
in other ores, 3-4 of cent on lead;
raw wool is left ON the free list, to go
into effect Aug. 2, 1894. The whisky
tax is raised 10 S110, and the bond
period is extended from three to
eight years. Lumber remains on the
free list. Incomes above $4,000 are
taxed 2 per cent. Collars and cuffs
are raised from So to 45 per cent, ad
valorum. Cigars, Of all descriptions,
including cigarettes weighing moro
than three pounds to the 1000, are
scheduled at S. per 1000; cigarettes,
paper wrapped, 81 per 1000; cigar
ettcs, tobacco wrapped, 80 cents.
Barley and barley malt are raised
per cent; in woolen manufactures the
schedules are strikeh out and the low
CT grades of wool and hair are taxed
Is to 25 per cent; woolen yarns, so;
blankets, wool hats, dress goods,
clothing and kindred articles are re-
duced 5 per cent the reduction on
manufactures in wool TO take effect
Dec. 2, 1S94.--Carded silk is thrown
out and spun silk and silk laces re-
duced 5 per cent.
There are few changes in the glass
and glassware schedules. 1t is pro-
vided that plows and other agricultur-
al implements, when imported from
any country that lays import duty on
like articles coming from the United
States, shall be subject to duty under
existing laws,-otherwise they are
free.
Under the iron schedule pig iron is
increased from 20 to % 70 per cent
ad valorem, iron in slabs increased
from % 1-2 to 25 per cent, bar iron
increased from % to 20 per cent,
beams increased from 30 to %, boiler
| plates, iron or steel, from 25 to 80,
forgings of iron from % to 80, hoops
of iron increased from 25 to so per
cent, railroad bars increased from 20
| to % 1-2. boiler tubes reduced from
70 to 20 per cent, cast iron pipe re-
duced from 90 to 20, wood screws re.
duced from S5 to 80 per cent.
Potatoes are changed from 10 cents
per bushel TO 80 per cent ad valorem !;
apples, bananas, dates, olives and pine
apples are taken from the free list and
| taxed 20 per cent; plums, prunes, figs,
raisins and Zante currants, 80 per cent !;
| like changes ale made as to nuts, the
duty being 20 per cent on all except
almonds, which have 25 to pay, and
| tiberts and walnuts, which come at
So.
Fresh beef, mutton and pork are
taken from the free list and put at %
per cent ad valorem; poultry changes
from 2 cents pound to 90 per cent
ad valorem; chicory from per pound
| to so ad valorem, and chocolate to 20;
hemp burlaps from 90 to 90 1-2; fax
nets and seiues from so to 50.
1t is provided that corporations
shall report salaries, but it is left to
employees to make their own returns
and pay their own Income taxes, in
stead Of having it done for them by
the corporations as provided in the
house bill
Unsized printing paper, suitable for
books and newspapers, is reduced
from 10 10 10 per cent; parchment
papers increased from 25 to so:
matches reduced from 20 TO 10; fur
hats and materials raised from so
to 35.
The date for the bill to take effect is
changed from June to June 80.
As far as expressions Of members of
the house have been made public there
seems 10 be general concurrence of
opinion that, it the bill passes the
senate, a committee of conference will
be able to reconcile whatever differ
ences may arise. Senator Jones OF
Arkansas thinks that, allowing the ut.
most limit for the consideration of the
bill, it ought to pass the senate by the
latter part of May and become law
sy the 10Th of June.