Daily press. [volume] (Newport News, Va.) 1896-current, 1909-07-18
CHANGE OF SENTIMENT IN SENATE,
Free Iron Ore and Oil Reduced
Duties on Coal and lumber Expect
ed to be Provided For When New
Bill Becomes a Law-Change OF
Sentiment in Senate.
(By the Associated PressJ

WASHlNGION, ID. T., July IL
President Taft will win his fight fo-
free or reduced rates of duty on raw
materials. Nearly every member or
the conference committee conceded
this today The indications are thai
when the new tariff bill becomes a
law the rates On the articles which
the President desired to come in frev
will be as follows:
Iron ore, free (present rate 40
cents per tonls Oil, free. tnow pro-
tected by counteryailing duty); coal,
As cents per ton, (present rate 6f
cents); lumber, probably $1.25 Oh
rough: with senate rates on finished
This would be material reduction
throughout the lumber schedule
When the conferees transferred to
the Presidents shoulders the re-
sponsibiltity of putting the forego-
ing raw materials on the free list, II
was not, believed he would meet with
success in bringing about changed
sentiment in regard to these articles.
In effect the President was told by
the conferees that if iron ore, oil,
hides, lumber and coal, were put on
the free list or the rates reduced be-
low the figures adopted in the senate
he would have to get the votes IL
was recognized that it would be I'M
possible to put hides. lumber and coal
on the free list. IL the conference re-
port was to be adopted by the senate.
Neither was it believed rates on these
articles could be reduced
Change of Sentiment.
That change of sentiment mas
taken place in the senate in the mat
ter of free iron ore and free oil was
a matter of common gossip about the
capitoI today. 1t was stated just as
confidently that the fifteen per cent
ad yalorem rate on hides would have
to be cut in half
Coal at IS cents a ton it was de-
clared would prove satisfactory 10
every section except Wyoming, when
fears that the industry in that state
might be ruined by cheap Canadian
coal. Two railroads are now building
from North Western states to Canada
which will tap the Canadian coal
fields.
President Taft will win decided
victory in the Philippine free trade
provision. The subcommittee. when
has been considering this section mas
decided to permit the free admls-
sion of $50. 1000. 600 cigars annually,
as requested by the President, instead
of 10000, 900 as would be admitted
under a senate amendment
philippine Section.
II is expected the Philippine sec
tion as approved by the sub-commlt-
tee will be adopted. II provides Tor
the free admission of 100000 pounds
of wrapper tobacco and 1,5O0,OvV
pounds of filler tobacco and 3t,OOV
tons of sugar
With the exception of rice and limi-
tation piaced upon tobacco and sugar
all articles the growth. product, or
nanufacture OF the Philippine Is
lands - win be admitted free The
incIusion of the words "or manufac-
lures is the subject OF criticism IN
many quarters Many think TINS "oaiu
make it possible to ship raw materla1s
into the Philippine Islands Tor manu-
facture with cheap labor ana the1
bring them to the United States Tree
of duty.
by the action today the tarih con
ferees settled the question OF giVihs
the secretary Of the treasury authort
tv to issue % year bonds at ra'e
of interest not exceeding three per
cent 10 cover the entire cost OF pur-
schasinc the site and constructing tne
Panama canal
Authority Given Secretary.
An Amendment to the tariff bin Civ
inr the authority was prepared %
Secretary Macvcagh and ADOPTED oS
the confcreeS q.
The effect Of the bond provision IS
10 reveal the limit Of tie authoTiza-
ton contained in the Spooncr aot,
although not interfering with pcr
cent bonds issue under that authority
IN the amount Of So .ssi $50. The es-
timatcd cost OF the canal Is sSfS'-vi''
coo.
There Is no longer any question tn ~.
the CORPORATION tax amendment wiz
he accepted. = viii tax the net earn
furr Of corporations organized toI
proet ~ the rate Of one per cent.
Restrictions N Woolcns-
Practically the only subject consin .
erc5 during the forenoon sc>sion 81
she conference was the WOODEN schc-
dulc. Three reductions we're maoc
m vromcu's and childrcnH dress
roods. tops and yarns.
During the afternoon session an 81