Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-03-19

IOn1nued from rage One
aTens as applies to Americans in the
country OF the aliens. Drawback privile-
ges are extended by the bin and the
method OF valuation on articles upon
duty Is broadened for the purpose OF
preventing the practice OF undervalua-
ton.
Representative Serene Payne. chairman
Of the ways and means committee. I'm in
PRODUCING the tariff bill. gave out the fol-
lowing statement:
Question of Revenue
One problem that confronted commit
tee Was the question OF revenue. The
business OF all commercial nations has
been depressed for nearly two years, and
this has affected our commerce and
greatiy reduced our revenues. 50 that we
have q 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 80 1906; 1901
was an unusually prosperous year, and
the revenues from customs exceeded
those OF 1895 BY thirty-two millions Of
dollars. The committee have therefore ia
zen the year 1896 as the basis to form
fhefr estimate Of the revenue producing
qualities OF the new bill. Should the next
fiscal year prove prosperous and the nor
nal conditions OF 1896 return on account
Of the large increase I'm population. the
revenues for 1910 would show a considera-
be increase over the estimates OF the
coulmittee.
With a return TO anything like normal
conditions during the next fiscal year.
4s he lnFF
be entirely wiped out. but in case IL Is
not, the bin provides for the issue Of
Panama canal bonds TO reimburse the
treasury for the $40 600 900 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 replenish the treasury,
raising the amount from one hundred mill
hon 70 two hundred and fifty millin dol
lars. an amount sufficient to provide at
any time against two or three years Of
depressed business conditions
Changes Are Shown
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 btu con-
tinues.
NE E0AHAAAAAcr naNN AA9A1ANAAN1 SeAAN
articles from the free list TO the dutia-
bic. and have increased duties on others
Tor the sole purpose OF increasing the
revenue Most OF these articles on which
duties have been increased are luxuries.
which have been increased as follows:
.tPerfameries and toilet articles from
firty 10 sixty per centum ad valorem;
fancy soar from fifteen 10 twenty cents
Per pound: chicory root. raw nor dried.
from one cent 10 two and One-half cents
per pound. roasted from two and one
half cents u five cents per pound
COCOA. crude. transferred from the
free list 10 the dutiable. at four cents
per pound: prepared or manufactured.
Increased two cents on each classification
except that valued above thirty-five
cents per pound, which remains the same
Ten per centum ad vaiOrem Is also added
10 the duties assessed on that valued
between fifteen and thirty-five cents per
pound: powdered cocoa from five cents
70 nine cents per pound.
Cocoa Butter
Cocoa butter from IL cents TO H.
cents per pound: dandelion root and ar
tfcles used as a substitute for coffee, l-2
cents to 4 cents per pound
Spices which are now largely on the
free list are assessed an average duty OF
thirty per centum ad valOrem. Feathers