Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1909-08-04

been taken to place the treasury on
= sounder financial basis, first thro
the issue of bonds. so that future
which will enjoy the ben
Gilt will pay the cost Of construction
oil the Panama canal. and secondly,
through certificates of Indebtedness
up to $2U0,OOO,O 900.
Corporation Tax FrendIess.
The corporation tax has no friends
except in the White house. President
Taft is not interested in this tax as
a revenue producer. but he believes
the amendment authorizing it is so
framed that ii will enable the govern
ment to exercise some slight super
vision over corporations and enable
ii to get full information which will
be useful in the development of leg
islation for their regulation.
To return to the schedules there
is every reason to believe the trade
will take advantage of the increase
in the duties on cottons to advance
prices. 1t is always the consumer
that bears the cost, as well as the
profit to the manufacturer.
1t is the assertion of the oonferees
that the effect of the cotton sched-
ule will be merely to restore the
rates ii was intended to collect under
the Dingley law.
Rates Lowered by Court.
Court decisions had lowered the
Dingley rates, in some cases from
60 to 6 per cent 1t would seem that
the simplest way for Senator Aldrich
TO have put these rates in full force
was to have reenacted them with an
amendment designed to prevent re
auctions through legal interpreta
tons. He did nothing of the kind He
insisted that an entirely new classi
fication should be adopted, which
Senator Dolliver of Iowa in master
|ly argument demonstrated would re
suit in numerous heavy increases.
These increases bear especially up
on the poorer classes. There was alb
solutely no Justification for the ad
vances in the rates on the cheaper
grades of cotton hosiery. They wer,
made for the benefit of Pennsylva
mia factories, which asserted the.
would shut down if the Dingley rate.
were not increased.
No one doubts for moment tina
these manufacturers will increase tn
price of women's and children's he
siery as a result of the heavier du
ties. Lacking foreign competition, tn
domestic manufacturers will enjoy
greater control of the market
Increases Aimed at Women.
The increases in the silk schedul
were made because Senator Aldric
and Representative Payne came t
the conclusion that the articles con
prsed under this schedule wer
luxrries. There are hundreds @
thousands of women who think t
the contrary.
Although the wooden schedule wa
admittedly iniquitous, it has no
been changed, except in few unim
portant paragraphs.
The National Association of Cloth
iers recently protested to the pres
dent and to congress against allege
inequalities in the wool schedule
and asserted that an advance i
prices would be made to tine wearer
of clothing by the continuance of TIL
Dingley rates-an advance caused b
conditions that had materially chang
ed since the enactment of the oil
law.
A combination of worsted mill
openly claiming to produce &C 2-3 pc
cent. of all the worsted cloths use,
for mems wear was debating. it wa
allege hot only the price of America
wool but arbitrarily fixing the prict
of cloth.
Sugar Cut nappreciable.
The two houses of congress ant
the conielees showed the same con
sideration for the sugar schedule al
they did for the wooden. The re
duction in sugar rates is so inarpre
ciable that it will not be felt by til,
consumer, Mr.. Payne to the contrary
So far as the agricultural schedul,
is concerned the Dingley rates main
tain with the exception of increase.
on broom corn, sweetened biscuits
| hops, figs, lemons, pineapples, al
monds, and chicory root. and de
creases on cabbages. fresh meat, ba
con and hams, lard, tallow, WOO
grease, deXtrin, green peas, starcl
sugar heets, and salt.
Just consider what these decreas
ess are. No one believes any foreign
country can compete with the United
States in meats, fresh or cured, lard
LStlON, VI WJul grease. MS also l.
true of sugar beets. salt and the
other articles named. With respect
to increases, these are designed tc
give extra protection to industries
which, for the most part, are well
taken care of.
No one will object to the increase
in duties on wines and liquors. Men
who drink champagne can afford to
pay for it, This is true also of i'm
ported liquors.
Tobacco Schedule Interesting.
The tobacco schedule is practically
unchanged, so ss.- as rates are con
cerned, but it contains several inter
esting provisions for and against the
tobacco trust.
The section removes the internal
revenue tax on unstemmed leaf to
bacco. which is in the interest of the
growers, who assert they are forced