The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1909-03-20


Maximum Duty 20 Per Cent IN Elk
cess Of the Present Tarltf-inherl.
tanee Tax ProVIded-Free Tobacco
and Sugar from the Philippines as
Recommended by the President.
e.
DownwOrd revision, maximum pro-
visions which viii impose an average
maximum duty 20 per cent IN excess
OF the present tariff and provisions by
which II Is estimated that the revenue
TO the government viii be increased
from siO.OoO.oOO 70 $5O,O0O,OOo are the
salient features OF the new tariff bill
introduced IN the house by Representa-.
tive Serene T. Payne chairman Of the
ways and means committee.
Il II is provided that the bill shah 60
into effect the day following It's enact
ment.
The recommendations by President
Taft that an inheritance tax be en-.
acted and that d limited amount OF to.
bacco and sugar be admitted free from
the Philippines are followed IN the
bill. II provides also for the issuance
OF Panama canal bonds TO the amount
OF $40, 600 900 20 reimburse the treas.
ury for the original purchase of the
canal, and contains a provision for the
issuance OF treasury certificates. the
amount being increased from 100000,
600 to $3.50. 100000
No Coffee Tax; Cigarettes Higher.
Although there Is no suggestion OF
a duty on coffee. tea is taxed cents
when imported from the country where
Il is produced and 3 cents when from
any other than the producing country
The internal revenue tax on cigarettes
is Increased materially. while the tax
on beer and whisky Is not changed A
cut of 90 per cent Is made In the steel
and lumber schedules. Iron ore hides
tallow. cottonseed oil and works OF art
more than twenty years old are placed
on the free list.
The tariff on boots and shoes Is re
duced 40 per cent, and that on other
leather manufactures IN proportion
The pottery schedule remains about
the same. but the duties on window
and plate glass OF the smaller sizes
are Increased. while those on the
larger sizes are reduced.
The tarifl on wool Of the first and
Ekecond classes, used principally In
Tclothlng, is not disturbed. but that on
the third class, known as carpet wool
is reduced for the cheaper grades. A
5-cent cut Is made on shoddy and
waste. while wool tops are assessed
6 cents pound more than secured
wool. which is not changed. Recon-.
mendations for placing wood pulp on
the free list and reducing the duties on
print paper. with certain restrictions,
made by the Mann committee OF the
house are Incorporated.
Duty on Refined Sugar Cut.
The duty on refined sugar is reduced
.05 per cent on pound and that on
dextrin half cent pound. A reduc.
tion OF half cent a pound Is made
also In the duty on starch. with the
exception OF potato starch. Zinc In
ore is assessed / cent pound for the
zinc contained. The tariff on pig iron
Is reduced from 81 TO $3.50 ton.
The principal increases are made In
the duties on lemons. cocoa and sub
stitutes for coffee. coal tar. dyes.
gloves, coated papers and lithographic
prints.
AS expected. the bill is made on a
maximum and minimum besls. with
the provision that the maximum rates
are to go into effect sixty days after
the passage OF the measure. re.
ciprocity provisions are written into
the paragraphs assessing duties on
bituminous coal and coke and agri-
cultural implements. by which these
articles are given entry free OF duty
when imported from countries which
permit the free Importation OF these
PARTICLES from America.
The legal deduction OF per cent on
the drawback is provided. but the ex.
portatlon upon which the manufacture
proposes TO collect the drawbacks must
be made within three years after the
importation OF the foreign material
used or checked against.
important Provisions In Bill.
Free list Hides. iron ore wood pulp.
coffee, tallOw. WORKS or art
New axes-inherltance tea.
creases--Leather goods. boots and
shoes. barley malt. lumber, printing
paper, steel and iron products. lead,
wool, cotton seed oil. faxseed. linseed.
firebrick. window glass, sugar. bacon
and hams. fresh meat. lard, starch,
threads, carpets
Increases Cigarettes. watch move
ments. gloves. cement. asphalt litho-
aph prints. perfumerios, fancy soap,
Ybices. pager envelopes
RECIPROCITY agriculture I'm
piements.
No ehnnres Beer and whisky
Treasury Issue OF si0.000.000 IN
Panama canal bonds and an Increased
issue Of SisQQ00.0o0 10 treasury cerii-
ilcatea
Expected annual revenue npproxi-
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