The Republican journal., 1909-03-25
The New Tariff Bill.

| The new tariff bill submitted to the
House last week by the ways and means
/ Committee is a revision downward. 1t
! provides for a maximum and mini
! mum schedule, bringing this country's
policy into harmonious relations with
| that of other nations. Importations will
be made, of course, on the minimum
/ schedule, the maximum serving mere
! ly as a penalty against those countries
which do not treat US fairly. This
is the purpose of the scheme every
! where. In this provision and in many of
the duties themselves the influence of
Mr.. Taft is plainly apparent. Coffee is
still untaxed. The Republican party be-
/ leves in the free breakfast table Wood
pulp is made free, showing that defer
ence which Congress always manifests to
the publishing business. This was the
subject Of a recent special message of
President Roosevelt. Substantial reduc-
tons are made in steel and lumber, the
two great structural materials, while
hides, cottonseed oil, iron ore and works
of art twenty years old are put on the
free list. The tariff or boots and shoes,
already trifiing and imperative, has been
reduced The internal revenue tax on
, cigarettes has been increased, while a
substantial duty on tea has been imposed
and so adjusted as to encourage steam
Il: L =,
ing countries and our own ports. The
pottery schedule is untouched. Taxes on
wine, beer and whiskey remain at present
figures. Following is a summary of the
chief features of the bill:
/ BOND AND NOTE ISSUES. Provision
for government bond and note issues TO
bridge over any interval of insufficient
revenues. In case the treasury deficit
is not wiped out by return of normal con-
ditions, an issue of Panama canal bonds
is provided, to reimburse the treasury
for $40, 600, 900 PAID in the original pur-
| chase, also an issue of one-year certifi-
Gates, raising the amount thereof from
500, 600, 600 to $3.50, 600, 900, or sufficient
to provide against two or three years of
! business depression.
| IRON AND STEEL. Iron ore on the free
list, instead of 40 cents a ton; pig iron
reduced from 81 to $3.50 a ton. Scrap
iron cut from So to so cents ton; bar
iron from C cent to A cent a pounc;
slabs, blooms, ETC., from IS cent to a
cent; beams, girders, angles, etc., from
5 cent to 3 cent pound; steel rails
from 7-20ths to 7-40ths Of a cent; tin
plates, from Is to IL cents; wire, from
] Ia to l, from | l-2c to 1c and from 2
to l-2.
HIDES, LEATHER, SHOES. Hides free
instead Of Is per cent ad valorem: band
and sole leather cut from 20 per cent to
5 per cent ad valorem; upper leather.
calf skins, chamois, kangaroo, sheep and
goat skins and other leather from 20 per
cent to Is per cent; boots and shoes cut
from Is per cent to Is per cent ad va
i loren.
WOODS AND WooLENs Carpet wool
| cut from cents pound on wool worth
| under II cents, and from cents on wool
worth over II cents, to 3 cents on wool
worth under 10 cents, cents and l-2
cent a pound for each pound between 10
and l6 cents value, and 7 cents for over
l6 cents value; shoddy from rs to 20
cents; wooden rags from 10 to 6 cents:
wool wastes from Soc to 20 and Csc
pound, and 20 to 1Sc; tops from 35c and
50per cent and from 44c and so per cent
to the duty on secured wool plus &c.
Clothing wools.no change.
COTTON GOODS. One cent yard is
added on mercerized fabrics and small
duties added on lappets and machine
knitted stockings.
TIMBER AND LUMBER. Timber cut
from cent to 1-2 cent cubic foot:
sawed lumber from 81 to 81 and from ST
to so cents thousand; posts, ties, poles.
etc, cut from 20 per cent to 10 per cent:
clapboards from $3.50 to 81 a M; kin,
ding wood free; laths cut from Csc to