Evening journal., 1909-03-17
new TARIFF
BILL IS DONE
Presented to Congress Today
by Chairman of the Ways
and Means Committee
PROVISION FOR
TAXING INHERITAN CES

BY United Press Leased Special Wire.
WASHINGTON, March 17.-Congrcss
received the new tarlf bill today from
the hands OF Representative Payne, Of
New York, whose name it will bear
Payne presented It as the product OF
Eve months work by the Ways and
Means Committee. OF which he is chair
man, and nearly a year Of his own la
hors.
During the deliberations Of the COM
mittec. there was a continual shifting OF
rates, and changes were made until al
most the last hour.
The bill contains about 10000 words.
and is therefore twice as large as tho
Dingiey law. II represents the judg-
ment Of the committee based ON over
5000 pages of printed testimony, $4,000
letters and all known statistics bearing
on the subject
The estimated revenue under the tariff
duties prescribed IN the bill amount 10
Oo,o0o,0Oo This is an increase OF about
Sio,0oo0o0 over the Dlnglcy bill. An in
heritance tax as recommended by Pres
ident Taft Is one OF the most striking
features OF the Payne bill. II provides
a tax on direct inheritances. as fol
lows:
on inheritances OF from $4,000 to $780,
900, one per cent; 100000 TO s50e.ooo. two
per cent and over s500,00O. three pei
cent. Collateral relatives and strangers
receiving inheritances will pay per
cent. on all amounts over $500 IL Il
practically the New York State law
The bill adso authorizes the issue ol
trensury certificates " the amount OF
$3.50, 600 900, and to run for one year.
Coffee is left on the free list.
No change is made I'm the tax on beer
A tax OF eight cents a pound is lev
led on tea coming from the country
where IL is produced. and nine cents OF
tea coming from other countries. Tci
is on the free list in the Dingley law.
The tariff on lumber Is reduced 50 ne
cent. and the same Is true OF stee
rails. and most other steel products.
Coal is placed on a reciprocal basis
and so are agricultural implements
They will be received free from an,
country that admits free similar artl
cles from this country. Wool. OF tn
FIRST. aud second class. is unchanged
The same Is true Of oil A reductio
Of cents per 100 pounds is made IN r'
fined sugar.
Iron ore is placed on the free list.
Hides on the Free List.
Hides are free, and shoes reduced
per cent
The rates are increased on windov
glass OF large size. and reduced ON tn
small sizes.
The greater part or the increase hav
peen placed ON luxuries, and cuts hav
been made where It was thought the
would increase the revenue 10 the bes
advantage.
Explains the Bill.
In introducing the bill In the Hous
Chairman Payne presented a statemen
prepared by his committee. giving al
exhaustive explanation and analysis q
the provisions Of the measure which wa
in part, as follows:
"The new tariff bill is minimum an
maximum tariff bill. The minimum rate
of duty are contained in the first Sc,
ton. and the free list for the minimum
] rates is in the second section Of the bill
The third section contains the max
, mum rates. which are generally equl
to the minimum rates and 20 per cen
I in addition thereto and the articles O
( the free list. I'm the transfer TO The thir
I section. bear a duty cf 20 per centum a
valorem as a maximum rate. The MAJ
e imum rates does not go into effect
- any event until sixty days after the pas
% sage OF the act. BY the fourth section
r Continued on Second Page.