The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1909-03-25
TARIFF BILL AS
REPORTED BY PAYNE
in Revenue Laws Pro-
posed by Revisionists Are
SET Forth in a State
ment.

/ the ways ana means coHHnlILee, III liz
reducing the tariff bin gave out the
1 following statement:
zone problem that confronted the
4 committee was the question of revenue.
/ THE business OF all commercial nations
/ has been depressed for nearly two
1 ,nars. and thus has affected our COM
;nerce and greatly reduced our rev.
en,ies SO that we have q large deficit,
/ NIT the revenues under the present law
are Improving from month TO month, as
business conditions are becoming bet
ter.
1.-THE last normal year Of imports was
the fiscal tear ending June 30, 1906, 1907
was an unusually prosperous year, and
the from customs exceeded
those OF 1906 by $32, 900, 900. The COM
mittee have therefore taken the year
1906 as the basis to form their esti-
mate of the revenue producing quail
ties of the new bill. Should the next
fiscal year prove prosperous n the
normal conditions Of 1906 return, on ac-
count of the large increase In popula-
ton, the revenues for 1910 would show
A considerable increase over the esti-
mates OF the committee.
with q return of anything like nor
nal conditions during the next fiscal
wear, it is safe to predict that the de-
Rcit would be entirely wiped out; but
In case it is not the bill provides for
the issue OF Panama canal bonds to
reimburse the treasury for the $40, 00O,-
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 provis-
ION for the issue of certificates to run
one year to replenish the treasury rails
ing the amount from 800, 000, 900 to
1850, 900, 900, an o sufficient to pro-
vide at any time against two or three
years Of depressed business conditions"
The statement gives the rates in the
present law, the Dingley tariff, and
shows the changes that the Payne bill
proposes.
one of the most important of the
miscellaneous provisions of the bill Is
that providing for the method OF valua-
ton, which Mr.. Payne explains as fol-
lows: s Z @
THE bill adds a new paragraph to
section II, of the customs OF admins
trative act, which provides for the APP
praisement of goods imported by con-
signment and not by sale where there
IS no market price at the place Of or
gin OF the goods. After re-enacting the
present provisions to ascertain the
value the bill adds this paragraph:
THE actual market value or whole
sale price are designed by law of any
WDOTltu IucICnd1ulSc WHtCH 10 COI-
signed for sale in the United States, or
which Is % actually sold and freely Of
fered for sale In usual wholesale guam
titles in the open market OF the
try for expectation TO all purchasers,
shall not in any case be appraised at
less than the wholesale price at which
such or similar imported merchandise
Is actually sold n freely offered for
Eale In usual wholesale quantities in
kha IInffnd Gfntna In the oman m rlrat
TO all purchasers, due allowance by re-
duction being made for est'rnated du-
ties thereon, cost of transportation, in
Surance and other necessary expenses
from the place of shipment to the place
Of delivery and a reasonable commits
sion not exceeding 10 per centum II
any of the same has been paid"
Tt will be seen that this provision
is only applied to consigned goods and
not TO those actually sold for importa-
ton"
"Max" and "Min."
The following explanation OF the form
Of the bill was made by Mr.. Payne:
THE new tariff bill is a minimum
and maximum tariff bill. The mini
mum rates of duty are contained in the
FIRST section and the free list for the
minimum rates Is I'm the second section
of the bill. The third section contains
e@N. AtNNNog" AAASAA oAS IA CAy
equal to the minimum rates and 20 per
cent, in addition thereto I the articles
on the free list, in the transfer to the
third section, bear q duty of 20 per
eentum ad valorem as a maximum rate.
The maximum rate does not go into ef-
feet in any event until 60 days after
the passage of the act. BY the fourth
section the minimum rates are applied
TO all good terms by way Of tariff as
that given 10 any other nation and the
maximum rates are applied to those
countries which discriminate against
the trade OF the United States or fail
10 give the United States tariff rates as
favorable as those given any other ma
ton. This section is self-acting, max
ing 1t the duty of the executive to col
Iect the duties whether minimum or
maximum, in accordance with the
terms of the bill, leaving IL open to the
courts to decide upon the legality OF the
action" .. 80 p... .t
Regarding the miscellaneous provis-
ions Of the bill, Mr.. Payne states:
THE bill provides for reciprocal free
trade with the Philippine islands on all
articles, but limiting the sugar to be
wrapper tobacco to 300, 900 pounds, and
5000, 900 pounds of other tobacco, and
l60, 600, 900 cigars in any one fiscal year.
The excess of sugar, tobacco n
cigars to pay full tariff rates. This ex-
emption from duty is confined to the
growth of products OF the islands, how
ever, and does not admit articles i'm
ported into the Philippine islands from
a foreign country without payment Of
fun rates of duty on such importations.
As to Patents.
"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
ehereto citizens OF the United States"
This will either compel foreigners
obtaining patents from the United
States to build factories and manufac-
ture here for our trade or eventually
quit the right TO their patent.
A section is inserted, preserving the
Cuban reciprocity provisions of the
present law. "
Provision is made to terminate the
various commercial agreements with
foreign countries according to the
terms of said agreement, by notice and
meantime keeping faith with those
agreements. The provisions of section
4 applying the minimum and maximum
rates, will take the place of those sec