New-York tribune., 1909-07-31

A provision Is included IN the bill which leves
on all articles which any foreign country paws
bounty or grant on its exportation an additional
duty equal TO the amount OF such bounty.
II is required that all imported articles capable
Of being marked without Impairment OF their value
shall be stamped with the name OF the manufact-
urer and the country OF origin
very elaborate provision for the administration
OF the customs laws was adopted by the eOnferrees.
It is practically the same as that adopted BY tho
Senate II is intended 10 prevent uudsrvaluatiOu
OF articles which there is foreign market
by which true values may be ascertaIned-
CUSTOMS COURT OF APPEALS
Provision Is made for the establishment OF a
customs court Of appeals. with headquarters in
Washington. II will comprise a presiding Judge
and four associate judges at salaries OF S10OOO
year There 10 be appointed conduct gov
eminent cases before this court special assistant
attorney general $1,000. deputy assistant at
torney general az $500. and four attorneys az
$500 each
The Internal revenue tax on tobacco is amended.
making the rates chewing and smoking tobacco
cents pound No change made IN the tar
on cigars. except those weighing under TIRES
pounds thousand. which were increased from a
20 IS cents thousand. The rates on cigarettes
increased 70 81 3 thousand prohibition
against the use Of coupons special gift pledges
is Incorporated IN the law.
The provision granting farmers the free sale OF
leaf tobacco places a restriction the retail
dealer. which requires him record every sale
amounting TO two pounds to one person
In one day A number OF other ironclad require
meats included in the redraft OF this section
adopted by the conference committee. by which il
was intended 10 prevent any frauds the internal
revenues and at the tine give much of a
local market possible to the tobacco grower
The grower had contended for unrestricted sais
OF amounts up to ten pounds.
Foreign built yachts subjected to an excise
tax OF s. gross ton, which is to De collected an
nuaIIy the first day OF September In lieu OF
the excise tax, the owner OF foreign built yacht
pleasure boat may pay a duty Of 35 per cert
ad valorem on bis yacht. This will entitle him to
American registry. The excise tax provision
adopted because OF the fact that some question
had been raised about the ability OF the govern
ment to enforce collection OF import duties
THE CORPORATION TAX
Every corporation joint stock company or asse-
citation organized for profit. and every Insurance.
company is required to pay annually an excise tax
Of / per cent on its entire income and
above $3.50. This feature put into the bill
raise additional revenues TO apply the Treas
ury deficit. The section prepared by Attorney
General wickersham. assisted by other able law
yers in the administrative circle. and great care
was taken 70 guard against double taxation. Ir
provides form OF publicity which will enable the
government to exercise supervision corpora
tions 1t is estimated that from s26OoeooO 20
100000 a year will be collected Under this new
form Of federal taxation
The Secretary OF the Treasury is authorized to
issue Panama Canal bonds 10 tle amount OF
$50 $4,000 which sum. together with that already
expended. equals the estimated cost OF the canal
II Is intended that the bonds shall be issued
except needed 10 provide money 70 carry on the
work or canal construction The bonds to Be-
payable fifty years from the date OF issue and viii
bear interest at a rate not exceeding per cent
Wien the bonds sold the Secretary OF the
Treasury will restore 20 the working balance the
s5OoOOG paid originally for ths canal property and
the Canal Zone
The re-enactment OF TIE provision authOrtziiss
the issuance of Treasury certificates for money
borrowed TO meet public expenditures increases tne
amount OF the authorization from S00Oe9eo0 70
S200OO000O
large OF other provisions N rorce ciiaef
the existing tariff included in the confer
ence bill with a few changes in Phraseolosy n
several cases.
The drawback provision OF the Din6ley law -
Incorporated in the conference bill IN lieu OF the
drawback OF the House bill. which intended 20 per-
NIT the substitution Of domestic material N me
manufactured article for export 10 the same GUAM
titv that the imported material or which a draw
hack was obtainabIc VAS used in the manufactl1o
Of similar articles for domestic consumption An
additional provision adopted emitting users CT
domestic alcohol in the ul@rufaCture Il pertGiefy
and cosmetics obtain drawback or lhtefn;ii
revenue tax to the amount OF alcohol used IN Al
exported article.