The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1909-03-18
BY Assoeiated Press.

Washington, March 1.-THE new
tariff bin was introduced today by
Representative Payne. It provides for
an inheritance tax; increased internal
revenue on cigarettes; a sac, 00O, 900
issue Of Panama canal bonds; an is
sue OF $150,000,000 in treasury certifi-
Gates and the imposition of duties on
a maximum and minimum basis.
Coffee. hides and iron ore are on
the free list; boots and shoes; leather
goods, steel and iron products, lum-
Der. wool shoddy and waste, and the
cheaper grades of third class wool are
materially reduced. Tea is taxed s
cents a pound.
whiskey is not disturbed. The bill,
it is estimated. will produce $500, 600, =
900 revenue from customs.
REVENUES INCREASED.
Downward revision. maximum and
minimum provisions were imposed on
an average maximum duty of twenty
per cent in excess of the present
tariff. and numerous provisions by
which il is estimated that the revenue
to the government viii be increased
from forty to fifty million dollars are
the salient features OF the new tariff
bill which was introduced in the
house today by Representative Serene
Z. Payne. chairman of the ways and
means committee The recommends
lions made by President Taft that an
inheritance tax be provided and that a
limited amount OF tobacco and sugar
he admitted free from the Philippines
are included in the bill. The measure
also provides for the issuance of
Panama canal bonds to the amount OF
$4,000, 900 to reimburse the treasury
for the original purchase of the canal
and re-enacts the provision for the
issue of treasury certificates. the
amount being increased from $780,
100000 to $3.50, 200, 900.
NO DUTY ON COFFEE.
While there is no duty on coffee,
tea is taxed eight cents when import
ed from the country where it is pro-
duced and nine cents when from other
than the producing country. The in
ternal revenue tax on cigarettes is
materially increased while the tax on
beer and whiskey is undisturbed. A
cut of fifty per cent is made in the
steel and lumber schedules and iron
ore. hides. tallOw. COttOnSeed oil and
works OF art more than twenty years
old are placed on the free list.
The tariff on boots and shoes is re-
duced forty per cent and on other
leather manufactures in proportion.
The pottery schedule remains about
the same, but the duties on window
and plate glass CT the smaller sizes
are increased while the duties on the
larger sizes are reduced.
The tariff on wool of the first and
second class, used principally in cloth
ing. is not disturbed. but on wool of
the third class, known as carpet wool,
il is reduced on the cheaper grades.
\ i've cent reduction is made in the
duties on shoddy and waste while
wool tops are assessed six cents a
pound more than the duty on secured
wool. which is unchanged. The re-
for placing wood pulp
on the free list and reducing the du-
ties on print paper. with certain re-
strictions made by the Mann commit
tee of the house. are Incorporated in
the bill.
REFINED SUGAR REDUCED.
The duty on refined sugar is re-
duced 800 of a cent a pound and on
dextrin half a cent a pound A re-
duction of IL cent a pound is also
made i'm the duty on starch, with the
exception os potato starch. Zine in
ore Is assessed one cent per pound for
the zine contained. The tariff on pig
iron is reduced from 81 to $3.50 per
ION.
The principal increases are made in |