The Montgomery advertiser., 1909-03-18
NEW TARIFF BILL

NEW TARIFF BILL
 (ContinusA from Page seven.) rial sof chef value. from thirty per centum to thirty-nve per centum ad yalorem. .'A
 "Asphaitum and bitumen. not refined or otherwise advanced In condition hundredths' of one cent per pound on the bttumen. contained therein.
 .. "Flour-sper. crude. from ten per centum od vaiorsln to one dollar and Rseventy-fi i've cents per ton.
 "Pins with ornamental heads, with new classification. including those set with precious stones, pearls or corals. from forty to fifty per centum ad valorem. =
 watch movements with more than seven jewels. from thirty-ffve cents each and twenty-five per centum ad vaiorem to seventy cents each: if more than seven jewels and not more than eleven, from fifty cents each and twen- ty-five per csntum sd vaiorem. to. one dollar and thirty-fiye cents each; moro than eleven jewels and not more than seventeen jewels, the rates of duty re- main the same. & { N"otch S&~oo anu pdFt1 oL WdtCHSs and clocks. the duty remains the same.
 Chronic acid and tactic acid from three cents to two cents per pound.
 "TAnnio acid aor, tanfIfh. from fifty cents. to thirty-five cents per pound" = = A< MstAsA of valuation. .-'
 One of the most important changes of the provisions of the bill is that providing for the method of valuation, which, Mir. Payne explains as follows:
 IL AA AA. | k.N section Il of the customs administra- tive act which provides for the ap- praisement of goods imported by con signment and not by sale where there ts no market prioe ct the place of the origin of the goods. ' "After rs-enacting the present pro- vistons to ascertain this value the bill adds this paragraph: The actual mar kst value or wholesale psaoes. as de- ciihndiss which is oouSigned for sale in the United states or which is not actually sold and freely offered for sale in usual wholesale quantities in the open market of the country of exportationsto all purchasers. shall not in any case be appraised at less than the wholesale price at which such or similar imported merchandise Is actually sold and offered for sale in 
 United States in the open market to all purchasers, due allowance by de- duction being made for estimated duties thereon. cost of transportation. insurance and other necessary ex- penses from the place of shipment to the place of delivery and a reasonable commission not exceeding ten per cen< tum if any of the same has been paid"
 AR
 The following explanation of, the form of the--bill was made by Mfr. Payne; k.
 and maximum tariff bill. The mini mum rates of duty are contained in the first section and the free list for the l minimum rates Is in the second section I of the bill. The third section contains | the maximum rates which are general ly equal to the minimum rates and 20 per cent in addition thereto and the articles on the free list in the transfer to the third section. bear duty of 20 per centum ad valorem as a maxi. mum rate. The maximum rate does not go into effect in any event until ! sixty days after the passage of the act By the fourth section the minimum rates are applied to all goods imported } from any country which gives tn, United States as good terms b, way, of tariff as that given to an! other nation. and the maximum rate t are applied to those countries whicl 3 discriminate against the trade of tn ] United States or fail to give the Unite, 1 States tariff rates as favorable as thos x given any other nation.' dI Regarding the miscellaneous pro ,. visions of the bill. MT. Payne states: k The bill provides for reciprocal fire
 trade with the Philippines on all ar " ticles, but limiting the sugar to b f. imported free of duty to 300. 900 pound ,- and 5000, 900 pounds of filler tobacc, Il and I6o,0e0,oo0 cigars in any one fiscs
 year. The excess of sugar tobacc 2 and cigars to pay full tariff rate
 This exemption from duty is confine \ to the growth or products of the is ,l lands, however. and does not admit al M ticles imported into the Philippine II from a foreign country without pay
 ment of full rates of duty on such i'm \ portations.
 Cuban reciprocity provisions of tn N present law.
 Provision is made to terminate tn
 'arfous commercial agreements wit
 'oreign countries according to tn
 .erms of said agreements by notice an
 tn the meantime. Keeping faith In thes
 agreements.
 MI q,
 the minimum and maximum rates, wi \ take the place of these sections. Estimated Revenue.
 The estimated revenue under th
 tariff duties prescribed in the bi
 amount to about $500. o,o00.
 ''rhe bill provides for a. ta
 on transfers of property, both real an
 personal. by inheritance or successio
 and by will. It Is believed that tn
 provision, when in full operation, wi
 bring in a revenue of twenty niiiio
 dollars. though no accurate estimate
 can be made.
 "rhe tax on cigarettes is increase
 those weighing over three pounds D.
 thousand from ss to s3.6o, and tho.
 weighing less from S1 to $1so.
 "The committee has examined tho . oughly all the decisions of the cour
 and of the general appraisers for q
 last. fifteen years Interpreting u
 meaning of the language of the tari
 laws, and has framed the language
 the various paragraphs to meet the
 decisions. It is hoped that 1t will pr
 vent such litigation and will in q
 future give the courts clear unde / M standing of the intention of Con grei
 Tt is provided that the bill shi
 so into effect the day following
 enactment" t'' | Ls Massea, eenutne ecrto Elioau.
 Fyaw-GraveIev Clear Co., hsSpwheun