Middletown transcript., 1909-03-20
TARIFF BILL CHANGES
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fES2244I ~ 81 lE441S AZ W aAom4zfA
ton Makes i Number Of Heavy Cuts
lTAsHIEdToE, March l7th.-z EsspTesea.
alive serenp L. Payne, chairman oE the
committee On Wars aud Means. intro
duced TIE tariff revision bill III the House
to-day. The bill provides an inherisance
tax, increases the duty on luxuries, im-
poses q tax on tea, places hides on the
free list, makes reduction Of about so
per cent. on steel, puts iron on she free
list and readjusts the wool schedules.
The tax on inheritance is graded as fol-
lows: From $4,000 10 $1O0, 900, per
cent; 100000 to $4,000. 2 per cent;
over $500. 600, per cent. On collateral
inheritances and inheritances to strangers
in excess Of the sum Of $500, tax Of per
cent. is imposed.
The internal revenne tax on beer is not
Increased and no duty on c,iffes is inn
posed. An Important provision Of the
bill is that admitting duEy-free works, Of
art il they are twenty years old Most Of
she increases in duties are authorized on
such articles as gloves, perfumsry. fancy
soaps, cocoa, spices, feathers, furs, lemons,
figs, pineappIes and other Injuries :
To the free lit are transferred such ar
ticles as hides, iron ore, cotton seed aud
cotton oil A duty Of cents a pound is
imposed on tsa coming from countries
producing Il; 8 cents a pound from other
countries. Bitnminous coal is admitted
free from countries that impose no duty
on bituminous coal exported from this
country. In the case of countries taxing
American bitumiuous coal the Payne bill
imposes duty Of 81 cents ton on ship
ments from such countries. Wood pulp
is to be free except from countries impos-
ing an export duty.
The duty on rough lumber il fixed at 81
PEI thousand. The duty on steel is cut
about 81 per cent. The rates on pig iron
are reduced from 81 to $3.50 per ton. On
boots and shoes the reduction is from 25
to Is per cent. ad yalorem. No material
changes are made in the schedules relating
to potteries. ~
Addition to Customs Act
The bin adds new paragraph to Sec.
tion IL OF the customs administrative act
which provides for the appraisement OF
goods imported By consignment and not
by sale where there Is 10 market price st
the place of tile origin Of tue goods. Alter
re-enac:iDg the present. provisions to as
certain the value, the bin adds para
graph fixing methods Of yaluation upon
the domestic wholesale price instead OF up
on prices prevailing in markets from
which goods we're shipped.
Provision is made 70 terminate the
various commercial agreements with for
eign countries BY notice, and ID the mean
time pending the negotiations Of the new
arrangements, the governments is to keep
faith with these agreements.
The only provision of the bill. aside
from the proposed inheritance tax affect
ing internal revenue taxation, is the pro-
vision increasing the rates on cigarettes
(those weighing over three pounds per
Thousand from S. to $500 and those
weighing less from 81 to $3.50.
The bill provides for reciprocal free
trade with the Philippine Islands on all
articles, bat limiting tile sugar t. be i'm.
ported free Of duty to SOC, 600 tons; wrap.
per tobacco to 300, 600 pounds and s,0OO,-
600 pounds Of filler tobacco and 100. COO,
900 cigars In any one fiscal year Theex-
cess Of sugar, tobacco and cigars is to pay
full tariff rates. This rx-,up lou from
duty is confined to the gro TIA uf product,
Of the island, however, and does not I'd
init articles imported into the Philippine
Islands from foreign country withouI
payment Of full rates Of duty on such i'm.
portations.
TheSbill preserves the Cuban reciprocity
provisions Of the present law.
A section is added applying the same
rules 70 patents obtained in the United
States by aliens that are adopted by the
country of which these aliens are citizens
in respect to patents issued there to citi-
gems OF the United States. The commit
tee believes this will either compel for
eigners obtaining patents in the United
States to build factories and manufacture
here for our trade or eventually foFfeitthe
right 70 their patents,
The new tariff bill, according to the re-
port made by Mr.. Payne, Is minimum
aud maximum tariff MEASURE.
It tis estimated that it will yield $780,.
00O,0OO Jear. IL is expected tbatof this
amount tue inheritance TAX VIII bring in
a revenue Of s2O,o00,00O d year. The
total of $3.50. .0OO, 600 is sl0. / 900. .O0U in ex-
cess Of the revenue produced BY the pres
ent law in 1906 The bill provides that
It shall become effective The das following
its enactment.
Ksthod Of Valuation
The bills addsa new paragraph to Sec
ton IL Of the customs administrative act
which provides for the sppraisement Of
goods imported BY consignment and net
by sale where there is no market price 1t
the place Of the origin Of the goods.
After re-enactiDg the present provisions
to ascertain the value She bill adds this
paragraph:
The estimated revenue under the tariff
duties prescribed 10 the bill amount to