The Parma herald. (Parma, Idaho) 1903-1917, 1909-03-25
TARIFF BILL
BEFORE HOUSE
Extensive Cuts, Maximum and Mini.
mum Rates of Duty.
Large Reductions Made in Many Par
ticuIars and Increases in Others
Inheritance Tax Created - Steel
and Lumber Cut One-Half-Coal
Placed on Free List.

Washington, March 18.-Downward
revision, maximum and minimum pro-
visions which impose an average maxi
mum duty 20 per cent in excess of the
present tariff and numerous provisions
by which it is estimated that the reve-
nue. to the government will be increas-
ed from $4,000, 900 to $50, 900, 900,
are the salient features of the new
tariff bill which was introduced in the
house yesterday by Representative Sc
reno E. Payne, chairman of the ways
and means committee.
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 $40, 900, 900 to reim-
burse the treasury for the original pur-
chase of the canal and re-enacts the
provisions for the issue of treasury GER
tificates, the amount being increased
from 500, 900, 900 to $3.50, 900, 900.
While there is no duty imposed upon
coffee, tea is taxed cents when i'm
ported from the country where it is
produced and cents when from other
than the producing country. The in.
ternal revenue tax on cigarettes is ma
terially increased, while the tax or
beer and whisky is undisturbed. A
cut of so per cent is made in the stee
and lumber schedules and iron ore
hides, tailow, cottonseed oil and works
of art more than 20 years old are
placed on the free list.
The tariff on boots and shoes is re
duced 40 per cent, and on other leather
manufactures in proportion. The pot
terry schedule remains about the same
but the duties on window and plat
glass of the smaller sizes are increas
ed, while the duties on the larger size
are reduced. The tariff on wool of tn
first and second class, used in clothing
principally, is not disturbed. but Of
wool of the third class, known as car
pet wool, it is reduced on the cheape
grades. A scent reduction is mad
in the duties on shoddy, and vast
white wool tops are assessed 6 cents
pound more than the duty on secure
wool, which is unchanged. The re
concentrations for placing wood pull
on the free list and reducing the dutie
on print paper, with certain restrit
tions made by the Mann committee {
the house are incorporated in the bill
Tho At,fxy v-aff,a1 10 x-adffQa
.04 Of a cent pound, and on dextri
y cent a pound. A reduction of
cent pound is also made in the dut
on starch. with the exception of potat
starch. Zinc ore is assessed l Ger
} per pound for the zinc contained. tt
tariff on pig iron is reduced from 81
! 81 per ton.
} The principal increases are made {
lemons, cocoa and substitutes fl
coffee, coal tar dyes, gloves and coat'
papers and Autograph prints.
AS was expected. the new tariff bi
is made on a maximum and minimu
basis, with the provision that the ma,
imum rates are not to go into effe
until 60 days after the passage of Il
bill. The reciprocity provisions a.
/ contained in the paragraphs assessor
duties on bituminous coal and coke al
Il agricultural implements, by Whit
y these articles are given entry free
duty when imported from countri
which permit the free importation
:. these articles from America.
Z The inheritance tax provision of Il
bill is similar to the New York sta
r law. 1t provides a tax of per ce
on all inheritances over $500 that a
collateral inheritances, or in whi'
strangers are the legatees. In cas-
+ of direct inheritance the taxes pr
n scribed are:
On $40, 900 to 500, 900, l per cen
on $10O, 900 to $500, 900. 2 per Ger
and on those over $500, 600, per Ger
1t is estimated that $50, 900, goo ann
ally will be derived from this tax.
!. The maximum and minimum prov
ions of the bill do away with the +
cessity of continuing the foreign ira
agreements. The abrogation of the
:. is provided for in a section which a
thorizes the president to issue motto
of the termination of these agreemer
i, within 10 days after the bill goes in
: effect. The French agreement wor
: therefore terminate Immediately, VIII
the German agreement would rems
in force for six months.
=