The Forrest City times., 1909-03-19

MORE REVENUE PROVIDED
Duty on Many Articles Changed-Ro auctions Exceeds Expenses
 Free List Enlarged.

NaSnlngtOn.-Ine most important provisions of the new tariff introduc ed at the special session of Congress Wednesday are: An inheritance tax, an increased revenue tax on cigar. cites; a si0,000.000 issue of Panama Canal bonds increased issues of sl50.o00,000 in treasury certificates and an imposition of duties on maximum and minimum basis. Cof fee. 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 cheaper grades of third-class wool are materially reduced. Tea Is taxed 8 cents a pound. The internal reve. nue tax on beer and whisky is not disturbed The bill, it Is estimated. will produce s3O0,o0O 900 revenue from customs.
 Representative Payne. who intro dueed the bill. in speaking of the present deficit in revenue. said:
 With a return to anything like normal conditions during the nex fiscal year. it Is safe to predict that the deficit would be entirely wiped out, but in case it is not, the bill provides for the issue of Panama ca nal bonds to reimburse the treasury for the $40.000,000 paid out in the original purchase of the canal This would more than make up any prob able deficiency. There is also re- enacted the provision for the issue of certificates to run one year to Yeplen- ish the treasury. raising the amount from one hundred million to two hun dred and fifty million dollars. an amount sufficient to provide at any time against two or three years of depressed business conditions"
 The committee have transferred some articles from the free list to the dutiable, and have increased du- ties on others for the sole purpose of increasing the revenue Most of these articles on which duties have been increased are luxuries. which have been heavily increased.
 Increases in the cotton schedule are:
 An additional duty at cent per yard on mercerized fabrics, new process of manufacture invented since the present law was enacted.
 Also small additional duty on lappets. There is also an increased duty on stockings fashioned and shaped wholly or in part on knitting machines.
 Rates on chemicals. oils, paints, zinc and some grades of soaps are all advanced. Bituminous coal from any country admitting American coal free is placed on the free list. Some of the reductions are:
 Cotton ties, from five-tenths to three-tenths; bacon and hams from 5 cents to 4 cents per pound: cabbages from 3 cents 10 cents; timber from l cent per cubic foot to 0ne-half cent; sawed board, blanks, sycamore and bass wood from $l per 900 to 50 cents per 1000; laths from 9 cents per 1000 pieces to 20 cents per 1000 All other sawed lumber from $2 to $l per 1000, lead-bearing ore on the lead contents therein from i-2 CShtS ID l cent, ZlHC III DOCKS CT pigs from l2 to cent; in sheets from to l 12 cents; lard from to l 1-2 cents; aluminium. in crude form from to ' cents per pound. in plates from 13 to II cents: fence posts from 10 per centvm ad valorem to free list: petroleum 10 the free list; fire brick and other brick glazed and enameled from 45 per centum ad va lorem to 35 Der centum: sugar from l.95-100 to 190-l00 hides of cattle from 1o per centum ad valorem to free list; iron ore and basic slag from 40 per centum to the free list; mar ble, sawed or dressed, Is reduced about one-sixth. and if the marble be rubbed the additional duty is from to ? cents; freestone from l2 to cents.
 The tax on cigarettes is increased those weighing over pounds per 100. from 8 to $3.60. and those weigh ing less. from $l to sl50 It is pro vided that the bill shall go into effect the day following it's enactment.