Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1909-08-07
|MEXICOHAS AQUAKE agree ON A TARIFF
CONfEREES FINALLY DECIDE
ON SCHEDULES.
Reported to House and Passed by
Vote of 1876 to 1913, Two Democratic
The Bill as Submitted Is Vic
tory for Taft, Calling for Reductions
Bill Includes Free Hides.

1t is reported that Taft win sign the
tariff bill as submitted to the house.
Although the president is not thorough
ly satisfied, he expressed the belief
that the main revision is downward
and regards the bill as an Improvement
over the Dingley bill.
Representative Payne has presented
the tariff bill in the house.
The bill as submitted is victory
for Taft, the conferees having agreed
to his demand for reductions. Payne,
in presenting the bill, said the rates
had been lowered where they were too
high and raised where insufficient for
protection and where importations
were very great.
The bill includes free hides, free
crude petroleum, duty OF As cents
per ton on bituminous coal, Is cents
per ton on slack coal, is cents per ton
on iron ore, $1.25 per thousand feet on
rough lumber. The Dingley rates pre-
vail on gloves, with slight increase
ON hosiery. A duty of $3.75 per ton
is placed on print paper, with free
wood pup if reciprocity is granted,
otherwise ~ cents per pound. A cor
poration tax, in lieu of an inheritance
tax, is imposed, with the senate maxi
mum and minimum provisions.
1t provides for a tariff board to ad-
wise the president but not congress. A
customs court is also provided. Present
drawback provisions are retained, with
certain privileges for millers importing
wheat for -four.
Payne's statement showed that the
annual consumption of lumber on
which the duty is decreased totals
1856, S70,950, while the value of con-
sumption of the class which is in
creased is only $31, 2sO,372.
Duties on all wines and liquors
are increased. The total consumption
lof all articles on which the duty is
raised is 1852, 512,525 annually, while
the consumption OF articles decreased is
81, 49s, ,122 annually.
Upward Trend.
Compared with the Dingley bill, the
revisions upward include: Shingles,
30 to so cents per 1000; hops, from IL
to Is cents a pound; wines and liquors,
increased; fancy soaps, razors, pineap
pies, lemons, opium, cocaine cocoa, all
generally increased.
The revisions downward include
Iron ore, from 40 to so per cent ton;
fire brick, As to 33 per cent; pig iron,
81 to $3.50 per ton; scrap iron, "a to
81 per ton; steel rails, from 7-20ths of
one per cent to 740ths of one per cent
per pound.
The new cotton rates are approx
, mateiy per cent above the Dingley
/ law. Wool tops are reduced and given
the rates between combined wool and
/ yarn. There is a small reduction in
} yarns, WOODEN cloth and cotton warp.
, Other Dingley wooden schedules are re-
} tanned.
, Sugar is reduced from five to one
hundredths of one cent per pound. Salt
is reduced one cent per hundredweight.
Dressed leather is reduced from 20 per
cent to 10 per cent.
Passes the House.
By the narrow margin of 1875 to 1873
the house, after IL hours debate,
passed the tariff bill as reported from
the conference committee.
Twenty republicans voted against
the bill.
Two emocrats-Broussard and Es-
topinal of Louisiana-voted for the bill
Although there will probably be no
attempt at a general tariff revision for
. ten or dozen years, the progressive
> republicans announce their decision to
continue their campaign for reductions
, in individual rates until they are
brought down to what they believe is
the real protection basis, namely, the
difference between cost of production
here and abroad, together with rea-
sOnable profit.