The evening world., 1909-03-17

the duties 80 lemons, cocoa and sub
s,i,utcs for coffee, coal tar, dyes
gloves and coated papers and litho
graphic prints
As was expected the rev tariff bill
Is made on a maximum and minimum
basis, with the provision that the maxi
mum rates are not TO so into effect
until sixty days after the passage oil
the bill.
Reciprocity provisions are contained
In the paragraphs assessing duties on
bituminous coal and coke and agricultu-
raj lmplem ents. BY which these articles
are given entry free OF duty when I'm
ported from countries which permit the
free importation OF these articles from
America.
The inheritance tax provision OF the
bill is similar to the New York law. 1t
provides tax of Ave per cent. on all
;nheritances over 500 that are collateral
inheritances or in which strangers are
the legaiees In cases OF direct lnhsr!-
lance the taxes prescribed are Or So"
TO slOC,0oO one per cent; on $780," to
$4,000, two per cent, and on those
over $4,000, three per cent. II is est-
mated that ScO.oOCIn annually will be
derived from this tax.
The maximum and minimum provision
OF the bill does away with the necessity
of continuing the foreign trade agree
nlents. The abrogation OF these Is pro-
vded for In section which authorizes
the President to issue notices OF the
termination OF these agreements within
ten days after the bill goes into effect.
The French agreement would therefore
ter inmate Immediately while the Ger
man agreement would remain in force
/. for six months. The time that must in
tervene before the importation OF the
other reciprocity agreements would be-
come effective range from three months
to one year.
Drawback P ,viIeges.
A provision in the bill is designed to
meet the conditions resulting from the
patent laws OF Great Britain, which
requires that paten,ees must manufac-
ture their articles within Great Britain.
This provision applies the same rules 10
patents taken out In this country 10y
aliens as applies to Americans in the
country Of the aliens. Drawback priv
eges are extended by the bill and the
method Of valuation on articles upon
which the tariff imposes an ad valorem
J,,,, Ig br, of
preventing the practice OF undervalua-
ton.
In introducing the bill Mr. Payne
gave out this statement:
THE last normal year OF imports was
the fiscal year ending June 90, 1906, The
committee have therefore taken the
year 1906 as the basis TO form their
estimate OF the revenue producing quail.
tiles OF the new bill. Should the next
fiscal year prove prosperous and the
normal conditions of 1906 return. on az
count Of the large Increase IN popula-
b, ton, the revenues for 1910 would show
considerable increase over the esti-
mates OF the committee.
OerClt.
with return to anything Ike nor
NAL conditions during the next fiscal
year. it Is safe to predict that the
deficit 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 $4,000
COO 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 100000 to 800. 10000, an
amount sufficient to provide at any
time against two or three years OF de-
pressed business conditions"
Generally speaking. most Of those
articles in which the present duties
have been increased are luxuries.
Among iLAese increases are the follow
ing. 5Sst
: Perftimerles and toilet articles, from
20 ito 60, per cent. ad valorem; fancy
soap, from Is to 20 cents per pound;
chicory root, not dried. from one cent
TO two and a half cents per pound;
roasted, from two and one-half cents
TO Ave cents per pound.
Cocoa, crude, transferred from the
free list to the dutiable, at four cents
per pound; prepared or manufactured
increased two cents on each classified