Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-03-19
Includes Inheritance Tax. In
creased Internal Revenue on
Cigarettes and sI5O,OOo,-
600 Treasury Certificates.
COFFEE, HIDES AND IRON
ARE ON wHE FREE LIST;
OTHER LISTS REDUCED
Internal Revenue on Beer and Whis-
Ky Not Disturbed-Tea Taxed ut
Eight Cents Per Pound-Steel
Tariff Lowered.
NV A.saciatea Prsss.)


CBy Associated Prsss.l
WARRINGTON, March 1.-THE new
tariff bin was introduced today by Rep
reseutative Payne The house after re-
reiving the bill adjourned at 12:S5 until
tcmorrow.
II provides for an inheritance tax; in
creased internal revenue tax on cigar
cites; q Sso.Ooo.ooo issue OF Panama canal
bonds; an issue OF S150.ooa.Ooo In treasury
certificates and the imposition OF duties
on a mamixmum and minimum basis.
Coffee On Free List
Cofree, hides and iron ore are on the
free list; boots and shoes, leather goods,
steel and iron products. lumber. wool
shoddy and waste. and the chaper
grades OF third-cIass wool are materially
reduced. Tea is taxed S cents a pound
An Internal revenue tax on beer ana
whisky Is not disturbed The bill, II Is
estimated, viii produce sSooooo.OOO reve-
nue. from customs
Downward revision, maximum and min
imum provisions which impose an aver
age maximum duty 20 per cent in excess
OF the present tariff. and numerous pro-
visions by which IL is estimated that the
revenue TO the government will be IN
creased from forty 10 fifty million dol
tariff bill which was introduced in the
house today by Representative Serene E
Payne, chairman Of the ways and means
committee
Inheritance Tax
The Recommendations made by Presi-
dent Taft that an Inheritance tax be pro-
vfded and that a limited amount OF to-
bscco and sugar be admitted free from
the Philippines are included in the Dill
The measure also provides for the issu-
ance OF Panama canal bonds TO the
amount OF sAo,Oo0Oo0 TO reimburse the
treasury for the original purchase of the
canal. and re-enacts the provision for
the issue OF treasury certificates. the
amount being increased from SloOOo0.cO
to sz50.ooo.00o.
while there Is no duty imposed upon
coffee. tea is taxed eight cents when i'm
ported from the country where IL Is pro-
dueed. and nine cents when from other
than the producing country. The internai
revenue tax on cigarettes IS materially
Increased while the tax on beer and whis-
~ a. undisturbed. cut Of 50 per cent
A. made in the steel and lumber sched-
niles. and iron ore, hides. taiiOw, cotton
seed oil and works OF art more than ~
years old are placed on the tree list
Boots and Shoes
The tariff ON boots and shoes Is reduced
20 per cent and on other leather manu-
faeturers In proportion The pottery
srbesuIe remains about the same. but
the duties on window and plate glass
~ the smaller sizes are increased while
the duties on the larger sizes are re-
duced-
THE tariff on wool OF the first and sec
ond class. used principally in clothing
Is not disturbed, but on wool OF the
third class, known as carpet wool, II Is
A
cent reduction is made in the duties on
shoddv and watse, while wool tops are
assessed six cents pound more than the
duty on secured wool. which is IN
changed The recommendations Tor
placing wood pulp on the free list ana
reducing the duties on print paper, with
certain restrictions made by the Mann
committee Of the house, are Incorporated
In the bill
Duty On Sugar
The duty on refined sugar is reduced
500 OF a cent a pound and on dextrin
half a cent a pound A reduction OF
one-half cent a pound Is also made in
the duty on starch. with the exception
OF potato starch. Zinc in ore is assessed
one cent per pound for the zinc contain
ed. The tariff on pig iron is reduced
from 81 10 $50 per ton.
The principal increases are made IN
the duties on lemons. cocoa and substi-
tutss for coffee. coal tar, dyes, gloves
and coated papers and photographic
prints
As was expected. the new tariff bill Is
made on a maximum nd minimum basis
with the provision that the maximum
rates are not 10 go into effect until 50
days after the passage OF the bill. ne
ciprocity provisions are contained In the
paragraphs assessing duties on bitumi-
aCwfrrfffrrra1 i'm
uiements by which these articles are Civ
en- entry free Of duty when imported
from countries which permit the free
franortation OF those articles frsln Amer
lea
Inheritance Tax Bill
The inheritance tax provisions or the
hin a similar TO the New York state
law IL provides a tax Of per cent on
an fnheritances over 500 that are col
lateral inheritances or in which stran-
gers are the litage.
IN cases OF direct inheritances the
prescribed taxes are: On $4,000 to 100000
one per cent; on s1Oo0 coo TO 10000. two per
cent. and on those over $4,000. three per
II is estimated that seOOo0oOO annually
win be derived from this tax.
The Foreign Trade
The maximum and minimum provisions
OF the bill do away with the necessity
of continuing the foreign trade agree
rnents. The abrOgation Of these are provi-
ded In a section which authorizes the
president to issue notices of the termi-
ration OF these agreements. within ten
days after the bill goes into effect. The
French agreement would therefore ter
inmate Immediately. while the German
agreement would remain I'm force for
siv months. The time that must inter-
vene before the importation OF the other
reciprocity agreements would be come
effective IN ranges OF from three months
TO one year
One provision in the bin is designed to
meet the conditions resulting from the
patent laws OF Great Britain which re-
quires that patentees must manufacture
their articles within Great Britain