Omaha daily bee., 1909-03-18
NEW TARIFF MEAsURE REVIEWED
Statement by Representative Payne
showing Principal Changes.

ASKING lON, mdICn lt.-6eDfeSenta-
tive Serene Payne, chairman Of the ways
and means committee, in introducing the
tariff bill, gave out the following state
ment:
One problem that confronted the com
mittee was the question of revenue. The
business Of all commercial nations has
Teen depressed for nearly two years, and
thus has affected orr m and
greatly reduced our revenues, so that we
have a large deficit, but the revenues
under the present law are improving from
month to month. as business conditions
are becoming better.
"The last normal year Of imports was
the fiscal year ending June 30, 1906; 1907
was an unusually prosperous year, and the
revenues from customs exceeded those of
1906 by 100000. The committee have
therefore taken the year 1906 as the basis
to form their estimate OF the revenue
producing qualities OF the new bill Should
the next fiscal year prove prosperous and
the normal conditions of 1906 return, on ac-
count OF the large increase in population,
the revenues for 1910 would snow a con-
siderable Increase over the estimates OF
the committee.
Issue of Panama Bonds.
with a return to anything like normal
conditions during the next fiscal year, it
is safe to predict that the deficit would
be entirely wiped out; but in case 1t is
not, the bill provides for the issue OF
Panama canal bonds to reimburse the
treasury for the $40. 10000 paid out IN the
original purchase OF the canal. This would
more than make w any probable defic-
] fnnCN ThaTa il G1gn rp-nDarfnd the nFS-
vision for the issue Of certificates TO run
one year to replenish the treasury, raising
The amount from 100000 90 to $4,000 900,
an amount sufficient, to provide at any
time against two or three years Of de.
pressed business conditions"
The statement gives the rates in the
present law, the Dingley tariff. and shows
the changes that the Payne bill proposes,
The abstract of the bill costumes:
THE committee have transferred some
articles from the free list TO the dutiable,
and have Increased duties on Others for the
sole purpose OF increasing J the revenue.
Most OF these articles of which dulles
have been increased are luxuries, which
have been increased as follows.
Duty On L~uxurTes.
"Perfumeries and toilet articles. some q
to 80 per centum ad valorem; fancy soap
from Is to 30 cents per pound; chicory root
raw, not dried. from / cent TO 2IS cents pei
pound; roasted, from PA cents to . cents
per pound.
Cocoa, crude, transferred from the free
list to the dutiable. at 4 cents per pound
prepared and manufactured, increased
cents on each ella Justification except thai
valued above IS cents per pound, which re
mains the same. Ten per centum ad val
orem is also added TO the duties assessed
on that valued between 10 and IS cents pei
pound; powdered cocoa, from 5 cents to
cents per pound.
Cocoa butter. from Ss cents to 5k cent?
per pound; dandelion root and articles uset
as a substitute for coffee. ~ cents to
cents per pound.
Spices. which are now largely on IN
free list. are assessed an average duty o
20 per centum ad valorem. Feathers ar,
increased from 10 per centum TO 20 per cen
tum sd vslorem, and dressed or coloret
feathers receive an increase OF 10 per cen
tum. Furs. dressed on the skin, are as
sessed IN per centum ad vslorem.
Protection Duties Increased.
Duties on the following articles havu
been increased because the committeI
found that there was not sufficient protec