The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1894-08-22
TARIFF BILL.
The New Law Is Not What We
Wanted, But 1t Has Many
Good Features.
Many Rates That Have Been Bur
densOme Are Either Taken Off
or Lowered.
STAND BY THE BILL.

, While the Senate Tariff bill does moi
! meet the full requirements of tariff re.
, form, for reasons with which our readers
{ are familiar, it cuts down by a considera.
, BILE percentage, as a rule, the tariff taxes
OF the Mckinley act, where those taxes
are not wholly removed, and enlarges
the free list by the addition of several
very important products. Even in the
case of refined sugar the Trusts pro-
tective duty is reduced, according to the
accepted Republican authority, from the
Mckinley tariffs go cents per hundred
pounds to AZ 1-2 cents and nothing but
the existence of conspiracy on the part
OF a little group of Senators-whose pur-
pose was to prevent the passage of any
bill-prevented the Democratic Party
from cutting off every particle of this
protection. With respect to two other
products concerning which there was
contention, it should be noted that the
Mckinley duty on iron ore and bitumi.
nous coal is reduced nearly one-hslf, or
hOD ~ W ~ CSlltS pei Ton.
1t is not our purpose now to compare
closely the Senate bill with the McKin-
ley tariff, but only to point out the i'm
portant additions to the free list, with
some reference to certain reductions in
the dutiable schedules.
First in importance is free wool The
Senate rs well as the House put wool on
the free list. A tariff act making wool
OF all kinds free of duty would be a
memorable and very beneficial act, even
If it provided for no other changes in
existing tariff schedules beyond cores
ponding reduction of the duties on
wooden goods. The value of the wool
imported in 1898 was S1S,5OO,OOO, and
the duties paid were S, 100000.
With free wool we have free lumber
The Senate bill removes the duties on
logs, hewn and sawed timber, squared
timber, sawed boards and plank, clap
boards, hubs, laths, shingles, and slaves
in short, substantially everything in
the Mckinley wood schedule except fur
niture, the duty upon which is reduced
to 20 per cent. The value of the imports
OF these articles, now placed on the free
list, was $l0,0OO,OOO in 1898, and sI,l43,-
900 was paid in duties.
Salt goes on the free list. In 1893
there were imported 3l2 100000 pounds.
and the duties were 100000. Binding
Irvine is free of duty, also bagging for
cotton, burlaps, and grain bags made of
burlaps. With these are Chinese mat
ting for floors and the iron bands COTTON
ties) used in baling cotton. The value
of the burlaps imported in 1893 was near {
" 100000, and the duties amounted
% 100000. Upon imported grain bags
valued at $l,200,000 the tariff tax was s
$3.50, 900.
Flows, tooth and disk hanows, harvest
RS, reapers, agricultural drills, mowers, '
cultivators, thrashing ma a
hines, and coffin gins are made free of
luty. The manufacture of some of these v
Implements is controlled by Trust COM /
'inations The Senate bill removes any
uty that could assist them in exacting a
Ugh ring prices at home while selling 3
Implements at lower prices abroad The l.
bsurd duty imposed on tin, the metal,
y the Mckinley act, is repealed, and
hus the cost OF raw material largely
onsumed in many important industries 4
considerably reduced. The enlarged
zee list exeibits notable reduction of d
ne burden of tariff taxes.
In many OF the dutiable schedules a
considerable part of the Mckinley tax
as been shorn off. The removal of the L
uty on wool is accompanied by a very y
Irge reduction Of the duties on WOODEN Is
pods. The value OF the women's and 81
dress goods, coat Innings, and
milar fabrics imported in 1893 was 81
early SlS,O0O,OO0, and the duties were
ore than SIS, 250,000, The average ad
ilorem rate under the Mckinley tariff
as lO2 IL per cent. The Senate bill =
duces this to 40 and so per cent. The
ity on imports of wooden and worsted
9th valued at nearly Sl3,OOO,OO0 was
% per cent; the Senate's bills rates are
and 90 per cent. The duty OH wool
knit fabrics imports 81, 456, OOO) is cut A.
'wn from "a per cent to 35 and 40 per
mt. -
In the Mckinley tariff the duty on :
ain china is 30 per cent; the Senate ,
j reduces this to 80 Per cent, and the c
cKinley tax of 80 per cent on orna- =
ented china comes down to 35 per
Mt. There is in the dutiable schedules, (
well as in the free list, much that -
rnest and consistent advocates of tariff -,
oTm can regard with satisfaction