The Hartford republican. (Hartford, Ky.) 18??-1926, 1909-08-13
History Of The Measure and a
Summary Of Its Principal
Provisions THE New
Free List.

els III thc hiStoig VI thc hdtiOuai up-
ital the new tariff measure. the Payne
bill, has been completed.
The progress of the bill through the
legislative mill Of both houses was
eventful enough to satisfy the most
pronounced cravers for parliamentary
warfare. The real battle opened when
the bill house report 1889 was re-
ceived in the senate and referred to
the committee on finance. April TO-
Aldrich of Rhode Island. the leader OF
the senate as chairman OF the finance
committee. subsequently became chair
man Of the conference committee.
which was appointed to adjust the diff
ferences arising between senate and
house and between both houses OF
congress and the president
Taft For FREQ Hides.
The report of the conference COM
mlttee which determined what would
be the provisions of the Payne bill In
fits final form was victory for Pres
ident Taft. He Informed all of the
conferees that hides must be placed
on the free list. together with petro-
leum, crude and refined. They there
upon decided to cut the Dingley tariff
on hides to 3 per cent. The president
heard the news and sent word that
he had meant what he had said about
free hides The figures were then
lowered to 7 per cent. Now Chairman
Serene Il. Payne Of the ways and
means committee decided to demon
strate that his original bill. providing
for free hides should no longer be sub
jected to the emasculatory operations
of the majority Of the conferees. He
announced that not even a per cent
duty on hides would be accepted by
either himself or the house. without
free hides this tariff bill will not pass
the house." he was quoted as saying.
The tariff came or hides lnstanter.
and as quickly was oil put on the I'M
taxed schedule. together with gaso-
line. benzine and naphtha. The leather.
rough lumber. print paper. coal and
iron and glove schedules ranked next
IN Importance during the closing days
OF the controversy.
II hides came in free. the important
New England boot and shoe manufac-
turing interests would consent to a re-
duetion Of the tariff on their products.
otherwise they would continue to fight.
The solving of the hides problem left
II a simple matter TO agree to lower
duties on boots aud shOes-the Ding
ley rate being 20 per cent Saddlery
nj ko 20
as against the Dingley rate OF As per
cent. The president resorted to the
unusual method of sending a written
message to the conference committee
demanding lower rates on lumber and
gloves than the Payne bill provided.
and. he secured tbesA 70. 49,.
Wool and Cotton.
The wool schedule underwent no
change Of consequence. but the entire
cotton schedule was reconstructed and
the phraseOloGy greatly changed In the
hope Of preventing reductions through
decisions by the courts such as have
characterized the administration OF the
Dingley law during recent years. In
many instances the rates intended to
be imposed by the Dingley law were
cut by these decisions. the reductions
In some instances being from 20 per
cent to y per cent sd valOrem.
Probably the most marked reduc.
lions are found In the metal schedule |
Reginning With decrease In the, rate |
OF iron ore from 10 20 10 cents per ton
there is a general reduction throughout
that part ~ the bill. pig iron going |
down from 81 to $3.50 per ton and |
scrap iron from 81 to 81. The reduc- |
ton on many OF the Items In this |
schedule amounts to about 80 per cent. |
Rough lumber goes down from S1.50 |
to SIPS per thousand feet. with a cor
responding reduction 10 the differential |
on dressed lumber.
The president was subjected to Sc
verest pressure from both the upward |
and downward revlsionlsts throughout. |
The upward rcvisiOnlsts told him that |
reduction Of duty on hides and |
leather manufactures would make the
next congress Democratic. In which
event they argued that Taft would not J
possibly be renominated for the pres /
idency. The "downwards" told him
that Roosevelt would surely be the
next Republican candidate for presl-
dent II the campaign promises for
downward revision were not fulfilled.
Tho Corporation Tax.
The president had highly difficult
task also in preserving his scheme for
corporation tax intact In the Payne
bill This feature is clearly the most
unpopular one In the entire measure.
so far as members of the senate aud
house we're concerned. Many OF the
members argued to the president that
the tax as provided for was uncOn-
stitutional. Resolutions will be intro
duced In the various state legislatures
condemning the act and recommend
ing its repeal. according to statements
made by various congressman In
Washington.
The corporation tax Of per cent on
the entire net income over and above
$1,000 received by corporations from