Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1909-03-20
REAL REVISION BY
NEW TARIFF BILL
Many Of The Old Rates Are
Sharply Cut
TEA AND COCOA TAXED
NO DUTY ON COFFEE

Cut Of SO Per Cent In Steel and Lum-
ber-TariH on Boots and Shoes Re-
duced 40 Per cent--Tron Ore, Hides,
TaIow ana Works Of Art More Than
Twenty Years Old on Free List.
Washington. March 18.-The long
expected tariff bill was presented to
the house of representatives by Chair
man Payne, of the committee on ways
and means, and was referred. Until 1t
Is reported out of committee. which
Mr. Payne said he hoped would be at
an early day, the measure will not be-
come official. According to a state
ment made by him upon the floor, he
did not anticipate any committee
changes. The Republicans manifested
their pleasure at the introduction OF
the bill by vigorously applauding.
The full committee on ways and
means met this morning for the for
NAL consideration of the bill.
Revision downward, with maximum
and minimum provisions which i'm.
pose an average maximum duty 20
per cent in excess of the present rates,
and provisions by which It Is estimat-
ed that the revenue will be increased
$40.000,0O0 and $50,000.000, are the
salient features of the new tariff bill.
The total estimated revenue from the
bill is s300,000,000.
The recommendation Of President
Taft--for an Inheritance tax and that
a limited amount Of tobacco and sugar
be admitted free from the Philippines
are Included in the bill.
The measure also provides for the
issuance of Panama canal bonds to
the amount of $40, 100000 to reimburse
the treasury for the original purchase
OF the canal, and re-enacts the provfs-
ion for the issue of treasury certifi-
Gates, the amount being increased from
500, 900 to $25O,O0O,o 900.
The Most Important Changes.
Some of the most important changes
made by the bill are:
Iron ore and basic Stag to the free
list Pig iron and spiegeleisen from 81
to $3.50 ton.
Scrap iron and steel from 81 to so
cents, Beams, Orders. etc, to $40
of cent pound, and a general cut
in steel and iron and the metals seized
ule generally.
Lumber duties cut in half, with kind
ling wood and fence posts on the free
list.
Hides, tallow. cottonseed oil and
works Of art twenty years old, on the
free list.
No duty on coffee, but a. tax of s.
cents a pound on tea and tax on
Cocoa.
The internal revenue tax on cigar
cites is materially increased, while the
tax on beer and whisky is undis
turbed
Bftuminous coal and coke free from
every country admitting American
coal free.
The tariff on boots and shoes Is re-
duced 40 per cent and on other leather
manufactures in proportion.
The pottery schedule remains about
the same. but the duties on window
and plate glass of the smaller sizes
are Increased, while the dnties on the
larger sizes are reduced.
Reductions In the WooIIen Schedule.
The tariff on wool of the first and
second class, used principally In cloth
ing, is not disturbed, but on wool of
the third class, known as carpet wool,
it is reduced on the cheaper grades.
A cent reduction is made In the
duties on shoddy and waste, while
wool tops are assessed cents a pound
more than the duty on secured wool.
which is unchanged.
The recommendation for placing
wood pulp on the free list and reduc-
ing the duties on print paper, with
certain restrictions. made by the Mann
committee of the house. are tacorpor-.
ated In the bill.
one-hundredth of cent a pound and
on dextrine one>half cent pound.
A reduction of one-half cent a
pound is made in the duty on starch,
except potato starch.
Zinc ore is assessed 1 cent per pound
for the zinc contained.
The Principal Increases.
The principal increases are made
In the duties on lemons, cocoa and
substitutes for coffee, coal tar, dyes.
gloves and coated papers and litho-
graphic prints.
AS stated, the bill is made on a
maximum and minimum basis, with
the provision that the maximum rates
are not to go into effect until sixty
days after the passage of the bill.
Reciprocity provisions are contained
in the paragraphs assessing duties on
bituminous coal and coke and agri-
cultural implements.
inheritance Tax Provision.
The inheritance tax provision Ia
similar to the New York state law. II
nr0vider a fay If < npr cent on ALI In