Daily press. [volume] (Newport News, Va.) 1896-current, 1909-07-31

bin as a result OF the action Of the
tive Houses and Of the conference
committee are found In the metal
schedule.
Beginning with decease In the
rate of iron ore from 40 10 10 cents
aer ton. there il general reduc-
ton throughout that portion OF the
bill. pig iron going down from 81 to
$3.50 per ton.
The reduction on many of the items
m this schedule amounts TO about so
per cent and the reduction includes
steel rails. There Is an increase on
structural steel ready fer use and al
so a slight increase on razors. nip
pers and pliers, and on such new
metals as tungsten
Rough lumber goes down from 81
to sips per thousand feet, With a
corresponding reduction in the differ
entail on dressed lumber.
Cotton Schedule RECONSTRUCTED.
The entire cotton schedule was re-
constructed and the phraseology great
ly changed in the hope OF preventing
reductions through decisions by the
courts such as have characterized
the administration OF the Dingley
law during latter years. In many in
stances the rate intended 70 be i'm
posed by the Dingley law were cut
by these decisions. the reductions in
some instances being from 60 per
cent to s per cent al valorem.
II is estimated that the rates fixed
by the bill are about 8 per cent high
er upon an average than those col
lected on cotton last year. fhe rates
on cotton hosiery are generally In
creased.
Practically all OF the administrative
features of the bill which were adopt
ed were accepted by the conferees.
They include a now maximum and
minimum feature. corporation tax
law. instead Of the inheritance tax
adopted by the Houses with authori-
zaticn for a bond issue 20 raise money
to build the Panama canal as well
as numerous other features. -
Maximum and Minimum Provisions :
The maximum and hninimum pro-.
vision prescribe duties In accord.
ance with the rates banned in~sthe
when 25 per cent ad ralorem is TO be
added automatically, as the maximum
duty. The President Il authorized to
apply the minimum rates, however,
to imports from country which gives
its best rates to the products Of the
United states and is made the Judge
as to whether foreign country ac
cords TO the United States treatment
which is reciprocal<.l equivalent
When he finds that this condition
exists he is to issue a proclamation
putting in effect the minimum rates.
and until the time of the procl'l-
nation the maximum rates will apply.
The President is empowered to alb
rogate those reciprocity treaties which
can be terminated by diplomatic
action.
1t is made his duty to give ten days
notice after the bill becomes a law
Of his intention to bring those treaties
to an end All ether treaties. which
contain no stipulation in regard to
their termination by diplomatic ac-
ton, shall be abrogated By notice of
six months from the President to
those countries, the notice dating from
April go. 1909, on which date Sec
rotary Knox notified foreign govern
ments that the United States would
soon ask them TO enter into new tariff
relations.
Philippine Provision.
The Philippine free trade provis-
ion. which was considerably elabo-
rated by the Senate. provides for the
free importation Of all articles the
growth. or product of, OF manufac-
tured in the Philippine islands. from
material the growth or product of the
Philippines islands or the United
States or both. or which do not con-
tain foreign material to the value OF
more than 20 per cent Of their total
value
Rice is the only exception to the
free provisions, but restrictions are
placed upon the sugar and tobacco.
The free Importation Of sugar is limit
ed to 100000 tons a year.
On wrapper and filler tobacco when
/ mixed the annual limitation is 3O0.-
600 pounds. on filler tobacco 1000.
000 pounds. and on cigars 10000
600.
Custom Court.
Provision Is made for the estab-
Iishment Of customs court Of appeals
with headquarters in Washington II
will comprise a presiding judge and
four associate judges at salaries Of
$4,000 a year. There are to be APP
pointed to con6ucf government cases
before this court a special assistant
attorney general al sie.ooc: a deputy
assistant attorney general at $500.
and four attorneys Al 5000 each
Tobacco Coupons Barred.
The internal rcvenue tax on tobacco
IS amended. making The rates on
chewing and smoking tobacco $ cents
q pound. No chanSe was msdc In the
tax on cigars. except these increased