The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-03-17

| 77 NA uSPA CoSSu IOT nearly
two years and this affected our com.
merce and greatly reduced our reve.
nue. SO that we have large deficit
DVtthe revenue under the present law
IS improving month to month, as busi.
ness conditions are becoming better
The last normal year imports was
lne hscal year ending June 30. 1906
lsoI was unusually prosperous wear
ana the revenues from customs ex.
ceeded those of 1906 by thirtv-two
mliiion. =, The committee has, therefore
atne 1905 basis to form .heir estimate
tieverue producing qualities of the new
Dill. Should the next fiscal year prove
as prosperous and normal conditions
OF 1905 return on account CT the large
increasing of population the rev.
enues OF 1910 would show consider
able increase over the estimates of
the committee. With thu A,sturn of
anything like the norm Syonditions
during the next fiscal y it is safe
that the deficit will = s Itirely wiped
out but in ease th< Sc not the bill
provides for thu de of the Pan
ANA canal boz SO reimburse the
treasury Of Y Vsty million paid out
In the origin purchase of the canal.
This would more than make up any
probable deficit. There is also re-
enacted provision for the issue of
certificates to run a year and re-
plenish the treasury, raising the
amount from one hundred million to
two hundred and fifty million, an
amount sufficient to provide any time
against two or three years of depress-
ed business conditions.
The bill adds paragraph to the
customs administrative act. provid-
ing that the actual market value or
wholesale prices as defined by law, OF
any imported merchandise which is
consigned for sale in the United
States or which is not actually sold,
and freely offered for sale in usual
wholesale quantities on the open mar.
ket of the country of expectation to
all purchasers, shall not in any case
be appraised at less than wholesale
price at which or similar imported
merchandise is actually sold, and
freely offered for sale in the usual
wholesale quantities in the United
States in the open market to all pur-
chasers, due allowance by deduction
is made for es. mated duties thereon
for cost of transportation, insurance
and other necessary expenses from
the place of shipment to the place of
delivery, and reasonable commission
not exceeding ten pc" cent If any Of
the same be paid.
The bill provides for reciprocal free
trade with the Philippines on all ar
ticles, but limiting sugar to be i'm
ported free up to three hundred thous-
and tons; wrapper tobacco to three
hundred thousand pounds, three mil
lion pounds of filler tobacco, hundred
and fifty million cigars, in any one
fiscal year. Excess sugar. tobacco,
cigars pay full tariff rates, section
added applying same rules to patents
obtained in United States by aliens
that are adopted by country of which
aliens citizens in respect patents is
sued thereto citizens United States.
This viii either compel foreigners
obtaining patents in the United
! States to build factories and manu-.
facture here for our trade or event
ually forfeit the right of patents.
A section is inserted preserving the
Cuban reciprocity provisions of the
present law. The bill provides for a
tax on transfer of property, both real,
personal and by Inheritance, or sue
cession by will 1t is believed that
this provision when in full operation
will bring in a revenue of twenty
million.
The internal revenue tax on Gig
arettes is increased, those weighing
over three pounds per thousand from
SO to $3.50, those weighing less from
$1.O0 to $1.50
1t is provided the bill will go into
effect ON the day following its enact
ment The committee transferred
i some drllCIeS from Tue lice liot " ehS
dutiable, and have increased the
duties on others, for the sole purpose
of increasing the revenue. The va
rious increases include per-
fumeries, fancy soap, cocoa,
mustard. many luXuries, such
as furs, manufactured hair Duties
on several acids, cement, coal tar.
dyes increased because it is thought
they have not sufficient protection.
Cast polished plate glass increased
from s to 10 cents per square loot
sizes not exceeding sixteen by twenty
four square inches; rate increases
with size of glass. Watch movements
containing up to II jewels increased.
Cases, pats of watches, clock un-
changed
Various tropical fruits slightly IN
creased.
Additional duty one cent yard, mer-
cerized fabric Chemicals decreased
from 25 to so per cent. Women S
gloves advanced to rate on mems
oloyac fo,, dollars Dozen Elbow