Evening journal., 1909-03-17
new TARIFF
BILL Is DONE

the minimum rates are applied 10 all
goods imported from any country which
gives the United states as good terms
by way of tariff as that given to any
other nation, and the maximum rates
arc applied TO those countries which dis
criminaAe against. the trade of the
United States or fair to give the United
States tariff rates. as favorable as those
given any other nation. This section IS
self-acting, making Il the duty of the
executive to collect the duties, whether
minimum or maximum, In accordance
with tho terms OF the bill, leaving IL
open 10 the courts to decide upon the
legality OF the action.
zone problem that confronted the COM
mttee was the question Of reevnue. The
business Of all commercial nations has
been depressed for nearly two years. and
thus has affected our commerce and great
~ reduced our revenues. so that we have
a large deficit, but the revenues under the
eacnt>law are improving from month TO
month, as business conditions are becom-
ing better.
"The last normal year Of imports was
the fiscal year ending June 80, 1906; 1907
was an unusually prosperous year, and
the revenues from customs exceeded
those OF 1906 by tlsrty-two millions Of dol
lars. The committee have therefore
taken the year of 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
formal conditions of 1906 return, on ac-
count Of the large increase in population,
the revenues for d9l0 would show a con-
n.f IL fa. 81
the committee.
"wlth return 10 anything like normal
conditions, during the next fiscal year, II
Is safe to predict that the deficit would be
entirely wiped out, but In case it is not,
the bll provides for the issue of Panama
Canal bonds to reimburse the treasury
for the si0.OOOOOO paid out in the original
purchase OF the canal. THIS would more
than make up any probable deficiency.
There Is also re-enacted the provision for
the issue OF certificates to run one year TO
replenlsh the treasury raising the amount
from one hundred million to two hundred
and nifty million dollars, an amount suf-
olent TO provide at any time against two
or three years Of depressed business con-
diiions.
''rhe bill adds a new paragraph to the
customs administrative act, providing that
the actual market value or whole ale pr ce
as defined by law, of any imported mer-
chandise which is consigned for sale in
the United States, or which is not actually
sold and freely offered for sale in usual
wholesale quantities IN the open market,
OF the country Of expectation to all pur-
chasers. shall not In any case be apprais-
ed AT less than the wholesale price at
which such or similar imported merchan-
disc is actually sold, and freely offered for
sale in usual Wholesale quantities in ~
United States in the open market to all
purchasers, due allowance BY deducting
being made for estimated duties thereon,
cost Of transportation. Insurance, and
other necessary expenses from the place
Of shipment 10 the place Of delivery and
a reasonable commission. not exceeding
ten per centum, II any Of the same has
been paid.
"rhe bill provides FOR reciprocal free
with tLe Philippine Islands OF
articles, but limiting the sugar 10 be I'M
ported free OF duty 70 10000 tons
wrapper tobacco to 100000 pounds; and
100000 pounds of filler tobacco, and
b l50,000,000 cigars in any one fiscal year
The excess Of sugar, tobacco and cigars
to pay full tariff rates.
"a section is added, applying the
same rules to patents obtained in the
: United States by aliens that are adopt
ed by the country OF which these aliens
are citizens in respect to patents issued
there to citizens Of tho United States
This win either compel foreigners OBJ