The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1909-03-24

, free of duty when imported from coun'
tries which permit the free importa'
ton of these articles from America.
The Inheritance tax provision of the
bill is similar to the New York state
law. 1t provides tax of five per
cent. on all inheritances over $500 that
are collateral inheritances or in which
strangers are the legatees. In cases
of direct inheritance the taxes pre-.
scribed are: On $4,000 to 100000,
one per cent; on 100000 to 100000,
two per cent, and on those over $780,
90. three per cent. 1t is estimated
that $20,O00,O00 annually will be de.
rived from this tax.
Ends Foreign Trade Agreements.
The maximum and minimum pro-
vision of the bill does away with the
necessity of continuing the foreign
trade agreements. The abrogation of
these is provided for in a section
which authorizes the president to
issue notices of the termination of
these agreements within ten days aft
er the bill goes into effect.
A provision in the bill is designed
to meet the conditions resulting from
the patent laws of Great Britain,
which requires that patentees must
manufacture their articles in Great
Britain. This provision applies the
same rules to patents taken out in
this country by aliens as applied to
Americans in the country Of the aliens.
Drawback privileges are extended by
the bill and the method of valuation
on articles upon which the tariff i'm.
poses an ad valorem duty is broad.
ened for the purpose of preventing the
practice of differentiation.
Payne Explains Bill.
The following explanation of the
form of the bill was made by Mr..
Payne:
1.-THE new tariff bill is minimum
and maximum tariff bill. The mini
mum rates of duty are contained in
the first section, and the free list for
the minimum rates is in the second
section of the bill. The third section
contains the maximum rates, which
are generally 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 Sec
ton, bear a duty of 20 per cent. ad
valorem as maximum ratio. The
} maximum rate does not 60 into effect
, in any event until 60 days after the
passage of the ac: BY the fourth
section the minimum rates are ap
piled to all good terms by way of tar
if as that given to any other nation
and the maximum rates are applied
to those countries which discriminate
against the trade of the United
States or fail to give the United
States tariff rates as favorable as
those given any other nation. This
section is self acting, making it the
duty of the executive to collect the
duties, whether minimum or maxi
mum, in accordance with the terms O.
the bill, leaving it open to the court:
) to decide upon the legality of thu
action.
; zone problem that confronted tn
committee was the question of reve
;. nue.. The business of all commercial
5 nations has been depressed for nearl.
two years, and thus has affected on
commerce and greatly reduced on
a revenues, so that we have larg
3 deficit, but the revenues under tn
a present law are improving from mont
! to month, as business conditions ar
e becoming better"
d Changes by Payne Bill.
g The statement gives the rates i
| 10 q
|. and shows the changes that the Payn
n bill proposes. The abstract of the BIZ
continues:
d "The committee have transferre
& some articles from the free list to tn
, dutiable, and have increased dutie
o on others for the sole purpose Of IL
e creasing the revenue. Most of thes
n articles on which duties have bee
d increased are luxuries which hav
n been increased as follows:
20 "Perfumeries and toilet article
from so to 60 per centum ad valorem
fancy soap, from Is to 20 cents pc
n pound; chicory root, raw, not drie
b. from one cent to 2H cents per pound
s, roasted from 2h cents to five cen
O. per pound.
Cocoa, crude, transferred from tt
is free list to the dutiable, at four cen
m per pound; prepared or manufacture
le increased two cents on each classi
Il. cation except that valued above
90 cents per pound, which remains Il
IS same. Ten per centum ad valorem
IS. also added to the duties assessed {
Id that valued between Is and IS cen
~ per pound. Powdered cocoa from fl
~ to nine cents per pound.