The Montgomery advertiser., 1909-03-18
Will Produce $500, ,000.-
 900 in Revenue.
INHERITANCE TAX ALONE
 WILL BE WORTH $20,000,0 900
Increased Tax is Put on Cigar
 cites.
Does Away With Necessity Of Con- tinuinx Foreign Trade Agreements Provides For Issuance Of S4O,O0O,oOo Tn Pana-
 mn Canal
 Donds.

| Ronds.
 Washington March 17.-With every one on the tip-toe of expectation, Chairman Payne. of the committee on Ways and Means immediately after the | House met today presented the tarin bill. While il was being carried up to the desk, the Republicans vigorously applauded The measure was At once l referred to the committee on ways and means.
 A resolution was offered providing for the printing of 10000 copies of the proposed measure. 1000 of which shall be at the disposal of members of the House and the remainder for the use | Of the Senate.
 After the bill had been made public several printed copies were brought upon the floor and there was scrarn- ple among members for them, result ing Tn such confusion that the pro- oeedings were completely suspended for a time.
 The new tarift bill provides for an | inheritance tax. increased internal rev. euue tax on cigarettes: a $40.0oo.00o issue of Panama canal bonds; an is- sue of Sl5o.00o.0o0 in treasury certifi. | cates and the imposition of duties on a maximum and minimum basis. | Coffee. hides and iron ore are on the | tree list; boots and shoss; leather goods, steel and iron products. lumber. wool sh oddly and waste and the cheap .r grades Of third class wool are ma- | teriaIy reduced. Tea is taxed eight cents a pound.
 An internal revenue tax on beer and whiskey is not disturbed. The bill. 1t Is estimated. will produce s3eo.oeo.ooo revenue from customs- s4..-t. .. Ceftee On Free List.
 While coffee is retained on the frss list 1t is with the provision that duty equal to any export duty. tax or | charge that shall be levied by any country from which it is imported shall be collected on the coffee imported l from that country. At the hearings before the commit tee and in briefs submitted 1t was coutended that Brazil oh harged an ex- | port duty of five francs per bag, the | revenue from which paid the interest and semi redemption of DOT | ton of a loan negotiated by the State of Sac Paulo. the American portion of | the loan being claimed to be two na4ls lion pounds sterling.
 Downward revision. maximum and minimum provisions which impose an average maximum duty twenty per | cent tarif. and numerous provisions by which 1t Is estimated that the revenue to the government will be increased from forty to fifty million dollars are | the salient features of the new bill. The recommendations made by Presi- dent Taft that an inheritance tax be provided and that a limited amount of tobacco and sugar be 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 s4o,00o.000 to | reimburse the Treasury for the original purchase of the canal and re-enacts the provision for the issue of treasury csr- tihcates. the amount being increased from $1OO.o00. 900 to $260.00e.0o0.
 While there Is no duty on coffee. tea Is taxed eight cents when imported from the country where it Is produced and nine cents when from other than the producing country.
 Tax on Cigarettes.
 The internal revenue tax on cigar cites Is materially increased, while the tax on beer and whiskey is undis- turbed.
 A cut of fifty per cent is made in the steel and lumber schedules and iron ores. hides, tallow. cotton-seed oil and works of art more than twenty years old are placed on the free list.
 The tarin 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 of the smaller sizes are tn- creased. while the duties on Lhe 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 1t is reduced on the cheaper grades.
 A five-cent reduction is made in the WOOL tons are assessed six cents pound more than the duty on secured wool. which Is unchanged. The recommend ation for placing wood pulp on the free list and reducing the duties on print paper. with certain restrictions made by the Mann committee of the Houye are incorporated in the bill
 The duty on refined sugar Is reduced 5-1OO of cent a pound ana on dex- terin one-half cent per pound. re- duction of one-half per pound fs atso made in the duty on starch. with the sxception of potato starch. Zinc in ore Ia assessed one cent per pound for tho -tnr contained The tariff on pig Iron ia reduced from s3 to s2.5o per ton.
 The principal increases are made in stitutes for coffee. coal tar, dyes. cloves and coated papers and litho- graphic prints IA. ,..,,
 As was expected. the new tarin Dill ia made on & maximum and minimum basis with the provision that the max tmwr, rates are not to go into efrect nnttI sixty days after the passage Of the bill
 Reciprocity provisions are contained ,r inc paragraphs assessing duties on bitunainous coal and coke and agricult- ural implements by which these arti- nlea are given entry free of duty when imported from countries which permit the free importation of these articles from America.
 Inheritance Tax Provision.
 The inheritance tax provisions of the bill Is similar to the New York State law It provides a tax of five per cent on all inheritance over $500 1hnt ara rni1a feral inhArdtancas nr in